Answer:
Comprehensive income as of 31st December is $320,000.
Explanation:
Comprehensive income = Operating profits + Unrelated profits.
The value of unrelated profit is the profit realised as a result of the disposal of debt securities, which does not form part of the core operation of the company which is therefore unrelated.
Comprehensive income is therefore=(Sales revenue - Cost of goods sold + Operating expenses) + Net of tax.
Comprehensive profit =($800,000 - $600,000 + $90,000) + $30,00
= $320,000.
Comprehensive income as of 31st December, is therefore $320,000.
Answer:
Monthly deposit= $485.93
Explanation:
Giving the following information:
You want to retire exactly 35 years from today with $2,020,000 in your retirement account.
interest rate= 10.35 percent compounded monthly
First, we need to calculate the monthly interest rate.
Monthly interest rate= 0.1035/12= 0.008625
Now, using the following formula we can calculate the monthly deposit:
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
n= 35*12= 420
A= (2,020,000*0.008625) / [(1.008625^420)-1]
A= $485.93
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<u>Solution and Explanation:</u>
The Journal Entries in the books of Brock's water enterprise is as follows :-
Date Particulars and details Debit($) Credit($)
Jan 5, 2018 Intangible Assets - Lease 905861
Lease Payable 905861
(Being Record the Lease)
Jan 5, 2018 Lease Payable 125000
Cash 125000
(Being Record Down Payment)
Dec 31, 2018 Amortization Expenses ($905861divide 10) 90586
Accumulated Amortization 90586
(Being Record the amortization)
Jan 5, 2019 Lease Payable 
62531
Interest Expenses 
62469
Cash 125000
(Being Record the Second Lease Payment)
Answer:
Suppose Y is a random variable with mu Subscript Upper YμY = 0, and sigma Subscript Upper Y Superscript 2σ2Y = 1, skewness = 0, and kurtosis = 100.
n random variables drawn from this distribution might have some large outliers due to the reason that there might be some outliers because the kurtosis of the distribution equals 100..
Option A.
Explanation:
From the question, the rate of the description of the data given will not give rise to outliers in the random sample drawn from the population.
Therefore, there might be some outliers because the kurtosis of the distribution equals 100 - Option A.
