Answer:
B) 574,000
Explanation:
Equipment book of Paar value on december 31/14 of $294,000.-
Add Kimmels equipment book value on december 31/14 of $190,00
Add original acquisition-date allocation to Kimmel´s equipment of ($400,000 - $272,000) = $128,000
Less Amortization of alloction ($128,000 / 10 years for 3 years) = (38,400)
Eqcuals consolidated equipment of $574,000
Answer:
Information and communication
Explanation:
Internal control refers to the management procedures in place used to accomplish the objectives such as promote efficient and effective operations, ensure the reliability and integrity of financial information, safeguard the organisation's assets, etc. A good system of internal control is essential to the availability of information and a clear and obvious strategy for communicating obligations and expectations.
Answer: D. $90,518.40
Explanation:
They are putting a 20% down payment on the home which means they are paying 80%;
= 80% * 157,500
= $126,000
First find the monthly payments;
Present value = Payment * ((1 - (1 + r)^-n) / r)
n= 20 * 12 = 240 months
r = 6/12 = 0.5%
126,000 = Payment * (( 1 - ( 1 + 0.5%)⁻²⁴⁰) / 0.5%)
126,000 = Payment * 139.58077168292915831291691663652
Payment = 126,000/139.58077168292915831291691663652
Payment = $902.70313
They'll pay that for 240 months;
= 902.70313 * 240
= $216,648.7512
Interest = 216,648.7512 - 126,000
= $90,648.7512
= $90,648.75
<em>Closest answer is D. </em>
Option A should be the best answer for above question. All other choices listed are already offered by companies nowadays. Pensions are only given companies as payment to their contributions to their previous company.<span />
Answer:
$237
Explanation:
From the information given
Using FIFO perpetual inventory method, we have
(8 × 11) + (11 × 10) + (3 × 13)
= 88 + 110 + 39
= 237
Therefore, cost of 22 units sold is $237
Note: FIFO perpetual inventory method is a cost flow tracking system where the first unit of inventory acquired is the first unit of inventory sold. So in this case, we calculated the cost of the first 22 unit acquired.
