Answer:
The answer is option C) Yes No
Explanation:
Current liabilities are obligations that are reasonably expected to be paid from Existing Creation of Other Current Assets and not current liabilities.
This is because, Current liabilities are short term liabilities due within a year. They include accounts payable, short term debt and overdraft. This means that payment can only be generated by current assets.
Current assets are also short term assets with a life span of on year. They include accounts receivable an cash.
Therefore, Yes, Current liabilities are obligations that are reasonably expected to be paid from Existing Creation of Other Current Assets.
And No, Current liabilities are obligations that are not expected to be paid from Existing Creation of Other Current Liabilities.
You can say something positive, or be positive to who you are interviewing. Bringing a smile makes things positive.
Answer:
Using the straight-line method, depreciation expense for the second year would be: $29,600
Explanation:
Depreciation Straight Line Method= Cost - Salvage Value/ Useful Life
Wickland Company
Cost of machine $154,000
Residual value of $6,000
Useful Life = 5 years
Formula
Depreciation Straight Line Method= Cost - Salvage Value/ Useful Life
Working:
Depreciation Straight Line Method= $154,000 -$6,000/5
Depreciation Straight Line Method= 148,000 /5
Depreciation Straight Line Method=$ 29,600
Using the straight-line method, depreciation expense for the second year would be: $29,600
The straight line depreciation method assigns equal depreciation to the machinery. So the depreciation for the five years would be the same amounting to $ 29,600 every year.
Question options :
a. raise both private and public saving.b. raise private saving and lower public saving.c. lower private saving and raise public saving.d. lower private and public saving.
Answer:
c. lower private saving and raise public saving.
Explanation:
National saving is total of private and public saving minus the country's consumption and government expenditure.
Private saving is income from households minus consumption and taxes.
Formula for public saving is T − G − TR which is government budget surplus through revenue from tax. This is revenue from tax minus government expenditure and transfers.
Answer:
£718,607
Explanation:
Annuities are investment opportunities that require an initial settlement and gives a series of returns of a fixed amount for a specific number of periods.
In simple terms, the question requires us to calculate the amount to be paid today (Present Value) of an annuity that pays £80,000 per year for the next 10 years.
To establish the [Present Value of the Annuity, the future Cash Flows must be discounted to the Present Value using the appropriate discount rate. In our case, we will use the annual effective interest rate of 2%.
Present Value = PMT × [ 1 - 1/(1+r)^n ÷ r ]
Where,
PMT = £80,000
n = 10
r = 2%
Therefore,
Present Value = £80,000 × [ 1 - 1 / (1.02) ^ 10 ÷ 0.02]
= £718,606.80 or £718,607
Conclusion :
She be willing to pay £718,607 today for the annuity.
