Answer:
Explanation:
Present value is calculated as the discounted sum of either a fixed amount or a series of payments in the future, at a given interest rates.
For example, at an interest of 5%, $100 in 10 years will be valued at $100 / 1.05^10 = $61.39 today
Answer:
the journal entry are given below
Explanation:
given data
On January 10
purchase merchandise = $1,700
On February 10
amount due = $1,700
On February 12
Molly pays = $1,100
On March 10
amount due & interest = 1% per month
solution
Interest revenue to be recorded on March 10 that is calculated as
Unpaid balance as of February 12 = $1700 - $1100 = $600
and interest rate = 1% per month
so
Interest revenue = $600 × 1% = $6
so the journal entry are
date account title debit credit
January 10 account receivable $1700 sales revenue $1700
February 12 cash $1,100
sales revenue $1100
March 10 account receivable $6
interest revenue $6
The advantages of primarily cash pay are the following:
1. It motivates the owner to expand the business.
2. The desirable increase in the level of services.
The disadvantages are the following:
1. There was a little incentive to the owner.
2. There was potential to lose sight to the customers.
Answer:
The correct answer is letter "A": Ethical leadership.
Explanation:
Ethical leadership is the set of managerial practices that executives use to give an example to their subordinates and promote good values among the organization. This is typically achieved by promoting fair treatment among workers and social awareness with the external environment of the firm.
In the example, <em>Theo Chocolate started to follow the International Maritime Organization (IMO) standards that promote the safety and security of international shipping and forbid marine pollution from ships</em>.
Answer:
True
Explanation:
The net cash flow for the year can be calculated using the following equation:
net cash flow = net income + accounts payable - accounts receivable
net cash flow = $29,500 + $5,400 - $2,500 = $32,400
We have to subtract accounts payable since they were included in the net income but the cash has not been received yet.
