Answer:
1. If the depreciation is not recorded, expenses will be overstated. Net income will therefore be higher by the depreciation amount of $5,400.
2. One June 30, $34,000 was loaned out. Interest is 7%. This interest needs to be apportioned to 6 months in the year as interest revenue:
= [(7% * 34,000) / 12] * 6 months
= $1,190
If this is not recorded, interest revenue will not be recorded which means that Net income will be lower by $1,190.
3. This was for one year yet it was received on October 1. 3 months of the amount will have to be accounted for in the current period.
= (9,600/12) * 3
= $2,400
There must be revenue recognized of $2,400. If it is not recognized, Net income will be lower by $2,400.
In total, Net income will be higher (lower) by:
= 5,400 - 1,190 - 2,400
= $1,810
Higher by $1,810.
Answer:
A major part of your life is your vocation. This is your career or even your business. Fulfillment in your vocation can contribute to leading a satisfying and successful life. Factors involved in having a satisfying vocation are that you should have a purpose, help others and be concerned about future generations
Answer:
The Bid Price you should submit is $15.45
Explanation:
NPV = -795000 + 143000*(1-21%)/1.09^5-70000 + 70000/1.09^5 + ((120000*(P-10.15) - 435000 - 795000/5)*(1-21%) + 795000/5)/0.09*(1-1/1.09^5)
=> -795000 + 143000*(1-21%)/1.09^5 - 70000 + 70000/1.09^5 +((120000*(P-10.15) - 435000 - 795000/5)*(1-21%) + 795000/5)/0.09*(1-1/1.09^5) >=0
=>P = 15.446118865171
Therefore, The Bid Price you should submit is $15.45
Answer:
Needs, wants, and ability to purchas
Explanation:
There is no reason to focus on consumer needs thousands of years ago. But we can say that technological advances and communication are wreaking havoc in this regard. Trends and fashions mark each day more than we want to obtain, consume and buy. And that has multiplied by a thousand in the last hundred years