Answer:
False
Explanation:
The reason is that accrual concept says that the income must only be realized when the revenue are earned which means that the company has delivered her consideration (The part of the service that is delivered to the customer which has monetary value). So the income earned is equal to the monetary value of the two suits they had designed till June 30. So the double entry would be:
Dr Revenue accrued 49000/10suits *2 suits = $9800
Cr Trade Receivables $9800
So saying that the service revenue of $12,250 must be accrued is totally false statement.
Answer:. $8629.386
Explanation:
P = 250,000
r = 6%
r with point = 5.5%
Points = 2.25%
N = 30years × 12 = 360months
1. Paying the points (Loan)= p × point
=$250,000 x .2.25 / 100 = $5,625 (CF0)
Payments with 6% loan
I = p/ (1 + r)^n
= $250000 / (1 + 0.06)^360
= $1940.11
Payments with 5.5% loan
I = p/ (1 + r)^n
= $250,000/ ( 1 + 0.055)^360
= $1064.276
Savings = $1940.11 - $1064.276
= $875.834
Net present value of paying the points.
= $5625 + $1940.11 + $1064.276
= $8629.386
Answer:
the second option
Explanation:
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
first option
Cash flow in year 1 and 2 - $85,000
1 = 7
PV = $153,681.54
Second option
Cash flow in year 0 = $20,000
Cash flow in year 1 and 2- $74,000
I = 7
PV = $153,793.34
the pv of the second payment is higher than the first so the seconf would be choosen
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
153,681.54
Answer:
$64,000 for Ramer and $96,000 for Knox
Explanation:
2. The partners agreed to share income and loss based on the initial investment of the partners. Therefore, we will get first the ratio based on the initial investment that the partners had contributed.
Ramer $60,000
Knox <u>$90,000</u>
Total $150,000
Kramer 60,000/150,000 = 40%
Knox 90,000/150,000 = 60%
After we get the agreed ratio, let's compute the allocation of the income. The share of the partners would be:
Kramer $160,000 x 40% = $64,000
Knox $160,000 x 60%) = $96,000
Answer:
Jim's claim under Title VII is valid under hostile work environment sexual harassment.
Explanation:
https://corporate.findlaw.com/human-resources/title-vii-and-sexual-harassment-claims.html