Answer:
$3,620
Explanation:
Accounts receivable at the beginning + recorded credit sales -accounts receivable written off -ending balance accounts receivable.
Therefore:
$690+$3,200-$100-$170 =$3,620
Answer:
a. The rate of change of the price per pound with respect to the quantity of coffee sold when the price is $5 per pound.
b. pounds/dollar
Explanation:
(a) What is the meaning of the derivative f '(5)?
Given Q = f(p) .............................................. (1)
Differentiating Q with respect to p gives us:
qQ/dp = f'(p) ................................................ (2)
Equation (2) implies the rate of change of the price per pound with respect to the quantity of coffee sold.
When p = 5, we have:
qQ/dp = f'(5) ................................................ (3)
Equation (3) implies the rate of change of the price per pound with respect to the quantity of coffee sold when the price is $5 per pound.
(b) What are the units of f'(5)?
Since we have qQ/dp = f'(5) as shown in equation (3), it implies that the units of of f'(5) are pounds/dollar.
Answer:
a. Investment at Amortized Cost
a. the journal entry to record Tanner-UNF's investment :
Debit : Investment in Bonds 140.0 million.
Credit : Cash 140.0 million.
Explanation:
Definition and Recognition
<em>IAS 32</em> defines a Financial Asset as any asset that is cash, equity instrument of another entity, a contractual right to receive cash or another asset. The bonds acquired by Tanner-UNF Corporation presents a <em>contractual right to receive cash</em> therefore it is a Financial Asset.
Classification
<em>IFRS 9</em> deals with the classification of Financial Assets. Financial Assets can be classified at Amortized Cost, Fair Value through other Comprehensive Income and Fair Value through Profit and loss.
If the entity`s model is <em>to collect the contractual cash flows</em> and if these cash flows give rise <em>to payments of principle and interest</em>, the Financial will be classified as Amortized Cost. Since Tanner-UNF Corporation management has the positive intent and ability to hold the bonds until maturity, they will classify the Investment at Amortized Cost.
Initial measurement
All financial investments are initially measured at Fair Value. Thus, investment in $170 million of 6.0% bonds will be measured at $140.0 million.
Journal entry :
Debit : Investment in Bonds 140.0 million.
Credit : Cash 140.0 million.
Answer:
FV= $61,493.24
Explanation:
Giving the following information:
Annual deposit= $1,500
Number of periods= 65 - 45= 20 years
Annual interest rate= 7%
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {1,500*[(1.07^20) - 1]} / 0.07
FV= $61,493.24
Answer:
Yes, the results are the same in both frameworks. Please see below for explanation.
Explanation:
With regards to the bond supply and demand framework, people will look to buy more bonds since they are more wealthy now. Hence, the supply of bonds will increase. The supply curve and the demand curve will both move to the right, with the former shifting more than the latter. The equilibrium interest rate will increase.
With regards to the liquidity preference framework, once the economy experiences a positive shift, there will also be an increase in the demand for money. People will make an increased number of transactions as well and hence, the demand curve will move towards the right. The equilibrium interest rate will rise too.