Answer:
If it was likely or probable that the farm co-op would meet the benchmark and get the discount (or rebate), then the journal entry should recognize that. But since it is very doubtful that the benchmark will be met, then the journal entry should be made without considering any type of discount.
I looked for a similar question in order to find the missing numbers:
each trencher is sold at $3,600 and costs $2,000
August 10, 2019, 16 mini trenchers sold to farm co-op
Dr Accounts receivable 57,600
Cr Sales revenue 57,600
Dr Cost of goods sold 32,000
Cr Inventory 32,000
Answer:
TVM=34,720*0.075/12 : [1-(1+0.075/12)^-48]
TVM=839.49
Explanation:
An=34,720
t=4 yrs , ---> n=48 (4*12)
j=7.5 %.---> i=0.075/12
m=12
* i=j/m
*n=mt
TVM=An*i : [1-(1+i)^-n]
TVM=34,720*0.075/12 : [1-(1+0.075/12)^-48]
TVM =839.49 (round two decimal)
Answer:
<u>D. Permitting Timothy to make up time lost due to the observance of religious practices is a reasonable religious accommodation.</u>
Explanation:
This statement is true in line with normal workplace ethics. Also, been his superior it would favor the company if Timothy is asked to make up time lost due to the observance of his religious practices.
A reasonable employer knows that his employees also have a constitutional right to freedom of worship, and would be flexible in the company policy on working hours.
Answer:
Fixed ratio
Explanation:
Fixed ratio schedule is a type of schedule where in order to achieve something you have to perform a certain procedure, a task, specified number of operations or steps etc. The above example is a fixed ratio schedule because, in order to get a 500$ ticket, it is necessary to acquire 25,000 miles by spending 25000%.
Answer:
It will take 13.2 years to reach $4,000.
Explanation:
Giving the following information:
PV= $2,000
FV= $4,000
i= 0.0525
<u>To calculate the time required to reach the objective, we need to use the following formula:</u>
n= ln(FV/PV) / i
n= ln(4,000/2,000) / 0.0525
n= 13.2
It will take 13.2 years to reach $4,000.
