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nadezda [96]
3 years ago
14

Spielberg Inc. signed a $200,000 noninterest-bearing note due in five years from a production company eager to do business. Comp

arable borrowings have carried an 11% interest rate. What is the value of this debt at its inception
Business
1 answer:
dybincka [34]3 years ago
8 0

Answer:

$118,690.27

Explanation:

The value of the non-interest-bearing note at the inception is the present value of the amount receivable in 5 years using the comparable borrowing rate as the discount rate as computed thus:

PV=FV/(1+r)^n

PV is the value of debt at inception which is unknown

FV is the value of the debt after 5 years which is $200,000

r is the comparable borrowing rate of 11%

n is the number of years before the debt matures i.e 5 years

PV=200,000/(1+11%)^5

PV=$118,690.27  

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The company budgeted for production of 2,800 units in April, but actual production was 2,900 units. The company used 21,200 lite
mario62 [17]

Answer:

the material quantity variance is $1,350 unfavorable

Explanation:

The computation of the material quantity variance is given below:

Materials quantity variance is

= (Actual quantity × Standard price) - (Standard quantity × Standard price)

= (21,200 × $1.50) - [(2,900 × 7) × 1.5]

= $31,800 - $30,450

= $1,350 Unfavourable

Hence, the material quantity variance is $1,350 unfavorable

7 0
3 years ago
Direct materials inventories are kept in pounds for Cat Company, and the total pounds needed for production in the current perio
pychu [463]

Answer:

Purchase= 14,500 pounds

Explanation:

Giving the following information:

the total pounds needed for production in the current period is 14,000. Beginning inventory= 2,000 pounds

Desired ending inventory= 2,500 pounds

To calculate the direct material purchase, we need to use the following formula:

Purchase= direct material for the period + desired ending inventory - beginning inventory

Purchase= 14,000 + 2,500 - 2,000

Purchase= 14,500 pounds

8 0
3 years ago
Disposable income is the money paid to creditors after paying necessities <br> a. True <br> b. False
Gekata [30.6K]
Disposable income is the remaining amount after the deduction of taxes and social security charges etc... you can then spend this money however you want. So the answer is A.
Hope this helps. 
7 0
4 years ago
Goal B, goal C, goal D, and goal E are on a timeline from left to right, in that order. Which goal is to be accomplished first?
AlexFokin [52]

Answer: A. Goal B

Explanation: Goal B is to be accomplished first. This is because on a timeline, the events closest to the present are on the left, and the events that happen far in the future are on the right.

5 0
3 years ago
Luke is the owner of Fun Times, a U.S. event-planning company. He plans to open an event-planning company, Events &amp; Adventur
yan [13]

Answer:A

Explanation:

A joint ventures is a business entity created by two or more parties, generally characterized by shared ownership.

5 0
4 years ago
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