The formula for percent discount value after n years at the rate r is given by
pdv=fv/(1+r)^n
where fv is the fixed value
here only fixed value is given to us so we will calculate the discounted value for coming 10 years
after
year 1=943.4
2=890
3=839.62
4=739.09
5=747.26
6=704.96
7=665.06
8=627.41
9=591.90
10=558.39
Answer:
d. the natural environment.
Explanation:
There are two business environment
The first one is microenvironment and the other one is the macro environment
The microenvironment refers to that environment that covers the business functions with respect to the general public, customers, competitors, employees, etc
While the macro environment refers to that environment that affects the business functions or its workings
It can be in various ways like
1. Political & legal
3. Social
4. Technological
5. Demographic
6. Economical
Answer and Explanation:
The journal entries are shown below:
1. On Sep 30
Cash $15750
To Sales $15,000
To Sales taxes payable ($15000 ×5%) $750
(Being the cash receipts is recorded)
For recording this we debited the cash as it increased the assets and credited the sales and sales tax payable as it increased the revenue and liabilities
2 On Sep 30
Cost of goods sold $12,000
To Merchandise inventory $12,000
(Being the cost of goods sold is recorded)
For recording this we debited the cost of goods sold as it increased the expenses and credited the merchandise inventory as it reduced the assets
3 On Oct 15
Sales taxes payable $750
To Cash $750
(Being cash paid is recorded)
For recording this we debited the sales tax payable as it reduced the liabilities and credited the cash as it decreased the assets
Answer:
Budgeted overhead= $2,877.6
Explanation:
Giving the following information:
<u>Direct labor required:</u>
Production= 870 units
Direct labor hours= 870*0.25= 218 hours
Direct labor cost= $12 an hour
Manufacturing overhead is applied at a rate of 110% of direct labor costs.
<u>To calculate the allocated overhead for the period, we need to use the following formula:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Direct labor cost= 218*12= $2,616
Allocated MOH= 1.1*2,616= $2,877.6
Answer: contingent
Explanation: It refers to the employment in which the job of an individual is not fixed with the company. In case of contingent employment, the employees are usually hired when there is a specific project to complete that needs extra work force.
Unlike seasonal employment the these employments are non recurring and there is no time fixed for employment that an individual could expect.
Thus, from the above we can conclude that the given case is an example of contingent employment.
