Answer:
$-9,100
Explanation:
Calculation to Determine the profit or loss per contract
As given:
Selling Price =$ 962,500
Purchase Price =$ 971,600
Using this formula
Gain / Loss = Selling Price - Purchase Price
Let plug in the formula
Gain / Loss= $962,500 - $971,600
Gain / Loss = $-9,100
Therefore the loss per contract will be $-9,100
Answer:
a) Cash basis - 2017
b) Accrual basis - 2016
Explanation:
Requirement a)
The wage expense would be reported in 2017 on the income statement under the cash basis. According to the cash basis accounting, the expenses have occurred only when the cash is paid. Therefore, whatever the employees did in 2016 would not be reported as an expense if they did not get the payment in 2016. Managers cannot apply the matching principle in Cash basis accounting.
Requirement b)
The wage expense would be reported in 2016 on the income statement under the cash basis. It matches with the matching principle. It is a matching concept example. According to the accrual basis accounting, the expenses would be reported whenever the employees performed for the company regardless of getting paid on that year or not.
Answer:
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Answer: C) Personality
Explanation:
Personality is an individuals quality that helps them succeed in life. If you improve your personality you can control stress and increase your motivation.
Answer:
The present value of your prize at a discount rate of 8 percent is $277,777.78
Explanation:
In order to calculate the present value of your prize at a discount rate of 8 percent we would use the DDM to compute the present value today as follows:
As per ddm model value today = Expected earning next year / (required rate - growth rate)
expected cash flow after 1 year =$12,500
Growth = 3.50%
required rate =8%
Therefore, Value today =$12,500/(8%-3.5%)
Value today = $277,777.78
The present value of your prize at a discount rate of 8 percent is $277,777.78