Answer:
$12,197
Explanation:
I guess that the correct numbers are because otherwise it would be a ridiculously large number:
- n = 6 years or 24 quarters
- principal = $6,000
- interest rate = 3% quarterly
Future value = principal x (1 + interest rate)ⁿ = $6,000 x (1 + 3%)²⁴ = $6,000 x 1.03²⁴ = $6,000 x 2.0328 = $12,196.80 ≈ $12,197
Answer: general manager
Explanation: The explanation given by the marketing manager will make sense to the general manager. As the winning amount of $10,000 is a big amount, it will attract the big players around the community.
Participation of trained and experienced players will eventually demotivate the normal players which can affect the revenue from registration and fees.
Hence the whole structure of the tournament will be tormented.
Answer:
(a) $50,000
(b) $45,000
Explanation:
(a)
Total dividends declared:
= Retained earnings, beginning balance + Net income - Retained earnings, ending balance
= $210,000 + $115,000 - $250,000
= $75,000
Cash dividend declared:
= Total dividends declared - Fair value of large stock dividend declared
= $75,000 - $25,000
= $50,000
(b) Cash dividend paid during the year:
= Dividend payable, beginning balance + Cash dividend declared during the year - Dividend payable, ending balance
= $75,000 + $50,000 - $80,000
= $45,000
Answer:
2.95% and 2.87%
Explanation:
The computation of the approximate real rate and the estimated real interest rate is shown below:
The Approximate real rate is
= Historic annual nominal risk free rate - Annual inflation rate
= 5.71% - 2.76%
= 2.95%
And, the estimated real interest rate is
= (1 + historical annual nominal risk free rate) ÷ (1 + annual inflation rate) - 1
= (1 + 0.0571) ÷ (1 + 0.0276) - 1
= 2.87%
We simply applied the above formulas so that each one could be determined
Answer:
question
1. how much amortization expense on the goodwill can Ingrid deduct in year 1, year 2, year 3?
2. In lieu of the original facts, assume that Ingrid purchase only a phone list with a useful life of 5 years for $16,500.
How much amortization expense on the phone list can Ingrid deduct in year 1, year 2 and year 3?
Explanation:
The explanation is shown in the file attached. Thank you i hope it helps