Answer:
$4,713
Explanation:
The formula and computation of the present value are shown below:
= Future value ÷ (1 + rate)^number of years
= $38,000 ÷ (1 + 0.11)^20
= $4,713
This (1 + rate)^number of years is also known as the discount factor which helps to calculate the amount of the present value
We simply apply the above formula so that the accurate value can come
Answers respectively - falls, weakens If hurricane hits, they have to return refunds for those who haven't traveled yet, they have to closed attractions so marginal benefit from visiting disney world so it weakens the incentives.
Answer:
organizing
Explanation:
Organizing is one of the basic management functions which comes after planning. It is the art of properly arranging required activity to designated people.
Answer:
$100,000
Explanation:
According to the internal revenue service ''<u>In most situations, the basis of an asset is its cost to you.</u> <u>The cost is the amount you pay for it in cash</u>, debt obligations, and other property or services. Cost includes sales tax and other <u>expenses connected with the purchase</u>.''
Therefore Sebastian's basis in these two assets is unconnected with the fair market value of the assets but with the cost.
Purchased Equipment is always recorded at its acquisition cost or its net book value, that is after deducting the accumulated depreciation
. In the scenario we have no depreciation figures, hence the basis is the cost of $100,000
Answer:
The correct option is A:
cost of goods sold 10,750
merchandise inventory 10,750
Explanation:
When goods are bought for resale,the total cost of the goods bought is usually the invoice price paid as well as the cost of bringing in the goods i.e freight,hence the cost of the goods sold here is the invoice price of $10,000 plus the freight of $750,giving total cost of $10,750
When the goods are sold,merchandise inventory would be credited with $10,750 while cost of goods sold is debited with same amount.
The correct option is first one with cost of goods sold debited with $10.750 and merchandise inventory credited for $10,750