Answer:
If the interest rate is higher, to earn the same amount, she will need to invest a lesser amount of money.
Explanation:
Giving the following information:
Jessica invested $2,000 today in an investment that pays 6.5 percent annual interest.
The correct answer is:
She could have the same future value and invest less than $2,000 initially if she could earn more than 6.5 percent interest.
If the interest rate is higher, to earn the same amount, she will need to invest a lesser amount of money.
Answer:
$1,565
Explanation:
Interest expense = Interest payment + Amortization expense
also,
Interest payment = 22,000 × 14% × [ 6 ÷ 12 ] [∵ 6 ÷ 12 ; since payment are semiannual ]
Thus,
Interest payment = $1,540
and,
Amortization expense = [22,000 - 21,700 ] ÷ [6 × 2]
= $25
Therefore,
Interest expense = $1,540 + $25
= $1,565
Answer:
Cash flow generated from operating activities <em>12,010,000</em>
Explanation:
10,000.000
+1,600,000
Adjusted Net Income 11,600,000
↑AR -600,000
↓Inventory 100,000
↑AP 800,000
Change in working capial 300,000
Other adjustment 110,000
Cash flow generated from operating activities 12,010,000
Answer:
$6,400
Explanation:
Re-write the Question for Easier Understanding
Purchasing Maintenance Fabrication Assembly
$32,000 $18,0000 $96,000 $62,0000
(No of Purchase Orders) 16 4
(Sq Foot of Space) 3,300 2,700
Find:
Amount of Purchasing Department Expense to be allocated to Assembly.
- The Question clearly states that Purchasing Department's expenses are allocaated based on the Operating Department's Purchase Order
- Since total Purchase Order is 20 and Assembly's purchase order is 4
- Assembly's allocation of Purchasing Expense= Assembly's Purchase Order/ Total Purchase Order × Purchase Department Expense
=Total Purchase Order= Fabrication (16) + Assembly (4)= 20
=Purchase Order for Assemby= 4
=Purchasing Department Expense= $32,000
- =(4/20)× $32,000
- =0.2 × $32,000
- = $6,400
