Answer:
$157,986.11
Explanation:
Given that
Amount = $75,000
Number of years = 3
Interest rate = 20%
The computation of the present value is shown below:-
Here we will use the P/A factor which is here
Present value = Amount × (1 + Interest rate)^number of years - 1 ÷ (Interest rate × (1 + Interest rate)^Number of years
= $75,000 × ((1 + 20%)^3 - 1) ÷ (0.20 × (1 + 0.20)^3)
= $75,000 × (0.728 ÷ 0.3456)
= $75,000 × 2.106481481
= $157,986.1111
or
= $157,986.11
Therefore for computing the present value we simply applied the above formula.
Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $4,100
Equipment A/c Dr $23,000
Furniture A/c Dr $47,000
To Account payable $16,000
To Rodriguez's Capital $58,100
(Being all adjustments are recorded and the remaining balance is credited to Rodriguez's Capital.
Remaining balance is calculated by
= Cash A/c + Equipment A/c + Furniture A/c - Accounts payable
= $4,100 + $23,000 + $47,000 - $16,000
= $74,100 - $16,000
= $58,100
Answer:
1. Qatar
2. Macao SAR
3. Luxembourg
Explanation:
The 3 wealthiest countries in the world according to GDP (PPP) is Qatar - $134,623, Macao SAR - $122,201 and Luxembourg - $108,813
Answer: This certain manager should be able to reach out to other the employes to join more organizations. I think that if these other employees are contributing to more organization than others, Then they will be more selected. The other employees that are not contributing will certainly be fired. Thanks this is my way of reasoning:)
Answer:
b. A deduction from net income in determining cash flows from operating activities.
Explanation:
An increase in prepaid expenses is deducted from Net Income. The reason behind it very simple and no rocket science is there. Lets take Insurance as a prepaid expense. You Paid in-advance for Insurance, it increase your current asset that is Prepaid Insurance BUT at the same time cash went out of the Business.
I hope I made it clear to you. If you still have any queries, feel free to ask me.
Thanks!
