If we had the same thing then the answer is family life cycle!!
Answer: See explanation
Explanation:
Since we are informed that on
August 1 of Year 1, an accountant collected cash in exchange for an agreement to provide consulting services for one year beginning immediately. From this information, the year-end adjustment required to recognize earned revenue will affect the revenue account as there'll be:
• decrease the balance in the unearned revenue account.
• increase the balance in the revenue account.
Answer:
Break-even point = 100 lawns and break-even sales point = $6,000
Explanation:
Total fixed costs = depreciation + advertising + insurance
= $1,400 + $200 + $2,000
= $3,600/month
Total variable cost per unit = weed + direct labor + fuel
= $12 + $10 + $2
= $24/lawn
Contribution margin ratio:
= (sales per unit - variable cost per unit) ÷ sales per unit
= ($60 - $24) ÷ $60
= 60%
Break-even sales = fixed costs ÷ contribution margin ratio
= $3,600 ÷ 60%
= $6,000
Break-even sales units = Break-even sales ÷ sales per unit
= $6,000 ÷ $60
= 100 lawns
Break-even point = 100 lawns and break-even sales point = $6,000
Answer:
The current value of the future payments = $58,543.11
Explanation:
<em>The current value of the future payment is the present value (PV) of the of the annuity receipts of $8,700 discounted at the rate of 13% per annum.</em>
<em>An annuity is a series of periodic cash flows payable or receivable for certain number of years.</em>
To determine the present value of the annuity, we use the formula below
<em>PV = A × (1 - (1 + r) ^(-n) )/ r</em>
<em>r -13%, n- 17, A = 8,700</em>
PV = 8,700 × ( 1- (1+0.13)^( -17)/ 0.13)
PV = 8,700× 6.7290
PV = 58,543.11
The current value of the future payments = $58,543.11
