<span>Use the PV of an Annuity tables, where PV is $1,000, Annuity is $20, and Rate is 1.5%. But remember that the equation for this table is PV = Annuity x Factor. Since we know the PV and the Annuity, solve for the Factor.
PV / Annuity = Factor, so $1,000 / $20 = 50 (the Factor). From the table, find where a Factor of 50 meets a rate of 1.5%. A factor of 49.9724 appears at 1.5% and 93 Periods.
The formula for the PV of an Annuity is (1 - 1 / (1 + r)^n) / r. So 1,000 = (1 - 1 /(1.015)^n / .015.
To solve for n gets too difficult</span>
Answer:
The process capability ratio, Cp is 1.33
Explanation:
In order to calculate the process capability ratio, Cp we would have to calculate the following formula:
process capability ratio, Cp= (USL - LSL) / 6 x standard deviation
According to the given data we have the following:
USL = 2,400 hours
LSL = 1,600 hours
Standard deviation = 100 hours
Therefore, process capability ratio, Cp= 2,400 - 1,600 / 6 x 100
process capability ratio, Cp= 1.33
The process capability ratio, Cp is 1.33
Answer:
the correct answer is YES ignore her above answer
Explanation:
Answer:
a)
30 September 2020 Depreciation expense $5150 Dr
Accumulated Depreciation $5150 Cr
b)
30 September 2020 Cash $16900 Dr
Accumulated Depreciation $47150 Dr
Loss on Disposal $7250 Dr
Equipment $71300 Cr
Explanation:
a.
we will record the first nine months 2020 depreciation expense and credit the accumulated depreciation account by this amount to update the account.
b.
We will calculate the accumulated depreciation amount till 30 september 2020 = 42000 + 5150 = 47150
The carrying value of the equipment = 71300 - 47150 = 24150
The loss on disposal = 16900 - 24150 = 7250
The cash received, loss on disposal and accumulated depreciation account will be debited and the equipment account will be debited.
Answer:
<u>Flint Company </u>
DR Merchandise <u>$1,050</u>
CR Accounts Payable <u>$1,050</u>
(<em>To record purchase of merchandise</em>)
<u>Windsor Inc.</u>
DR Accounts Receivable <u>$1,050</u>
CR Sales <u>$1,050</u>
(<em>To record sale of merchandise</em>)
DR Cost of Goods Sold <u>$660</u>
CR Merchandise Inventory <u>$660</u>
(<em>To record change in stock from sale of merchandise</em>)