Answer:
$721
Explanation:
The computation of the future value is shown below:
As we know that
Future value = Present value × (1 + interest rate)^number of years
= $700 × (1 + 0.03)^1
= $700 × 1.03
= $721
By applying the future value formula, we can get the value of money after considering the time period and the interest rate
Answer:
Net cash provided by investing activities $221,100
Explanation:
The computation of the cash flows from investing activities is shown below:
Sale of equipment (65300 - 14000) 51300
Less: Purchase of new truck -89000
Add: Sale of land 198000
Add: Sale of Long-term investments 60800
Net cash provided by investing activities $221,100
Answer:
D. 50,000
Explanation:
Units started and completed=50000-5000=45000
Ending work in process= 5000
Equivalent units of material= 50000