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3 years ago

The present value of an annuity falls when interest rates rise

1 answer:

5 0

That is true, if you raise the rate then the present value falls.Of course, the present value will fall assuming the existence of positive cash flows. This annuity present value is divided into four pieces which are: the present value (PV), the periodic cash flow (C), the discount rate (r), and the number of payments, or the life of the annuity, (T).

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The following information is available for Splish Brothers Corp. for the year ended December 31, 2022. Other revenues and gains

Readme [11.4K]

Answer:

Net Income <u> 195,300</u>

Explanation:

The question is to prepare a multi-step income statement

Splish Brothres Corp

Income Statement for the year ended December 31, 2022

Particulars/Description Amount ($) Amount ($)

Sales Calculation

Sales Revenue 747,000

Subtract:

Sales Returns 9,000

Sales discounts 3,200 (12,200)

Net Sales 734,800

Cost of Goods sold (283,000)

Gross Profit 451,800

Operating Expenses (210,000)

Operational Income 241,800

Other gains and revenue 21,800

Other Expenses and losses (3,200) 18,600

Income before Income Taxes 260,400

Income tax expense (25% x 260,400) <u> (65,100)</u>

Net Income <u> 195,300</u>

4 0

3 years ago

Wims, Inc., has current assets of $3,900, net fixed assets of $26,500, current liabilities of $3,400, and long-term debt of $7,5

STALIN [3.7K]

Answer:

equity = $19500

Explanation:

Given data:

current assets $3900

net fixed assets $26,500

current liabilities $3400

debt = $7500

Total liabilities = current liabilities + long term debt

= 3400 + 7500 = $ 10,900

Total assets = current assets + net fixed assets

= 3900 + 26,500 = $30,400

We know

total assets = total liabilities + equity

30400 = 10900+ equity

equity = $19500

8 0

3 years ago

Select all that apply.

Oxana [17]

Probably “would you enjoy reading a fashion magazine”

5 0

3 years ago

Read 2 more answers

Luker Corporation uses a process costing system. The company had $160,500 of beginning Finished Goods Inventory on October 1. It

Tems11 [23]

Answer:

E. Debit Cost of Goods Sold $839,300; credit Finished Goods Inventory $839,300.

Explanation:

The journal entry is as follows

Cost of goods sold Dr $839,300

To Finished goods inventory $839,300

(Being the cost of goods sold is recorded)

The computation is shown below:

= Beginning balance of finished goods inventory + transferred of goods completed - ending balance of finished goods inventory

= $160,500 + $837,000 - $158,200

= $839,300

4 0

3 years ago

_________ refers to the number of products or services that consumers will purchase at varying cost at a given time.

bulgar [2K]

Demand refers to the number of products or services that consumers will purchase at varying costs at a given time.

<h3>What is a Product?</h3>

A product is referred to as final or finished goods distributed in the market to serve the customers. This product can be both goods and services in which goods are tangible and services are intangible.

Demand is the number of goods or services that customers will buy at various price points at a particular time period. Demand for anything or service indicates that people prefer it and are capable of paying for it based on their needs and desires.

Learn more about a product, here:

brainly.com/question/13117735

#SPJ1

3 0

2 years ago