Answer:
PV= $248,368.53
Explanation:
Giving the following information:
Future Value (FV)= $400,000
Number of periods (n)= 5
Interest rate (i)= 10% = 0.1
T<u>o calculate the present value (PV), we need to use the following formula:</u>
FV= PV*(1í)^n
Isolating PV:
PV= FV/(1+i)^n
PV= 400,000 / (1.1^5)
PV= $248,368.53
Answer:
c. decreases the value of its bonds
Explanation:
There is a significant decrease in the value of the bond if the firm declares bankruptcy.
Answer:
hiring higher-quality workers at a higher wage
Explanation:
Possible causes of unfavorable labor rate variances include:
An increase in pay for employees.
Working overtime hours paid at a premium above the basic rate.
Using direct labor employees who were more skilled and experienced than the ‘normal’ and who are paid more than the standard rate per hour (adverse rate variance).
Based on the above discussion, the answer is hiring higher-quality workers at a higher wage
Based on the information given, the characteristic that would concern the auditor is professional skepticism.
It should be noted that professional skepticism simply means an attitude that includes an questioning mind and the critical assessment of an audit evidence.
Professional skepticism would concern an auditor about the risk of material misstatements arising from fraudulent financial reporting.
Learn more about auditor on:
brainly.com/question/24970862
Answer:
The inventory turnover for the period is 5
Explanation:
Inventory turnover is the ratio which stated that how many times the company replaces as well as sells the stock of goods during a specific year or period.
The formula for computing the inventory turnover is as:
Inventory turnover = Cost of goods sold / Average inventory
where
Cost of goods sold (COGS) = $9,070,000
Average inventory = $1,814,000
Putting the values above:
Inventory turnover = $9,070,000 / $1,814,000
Inventory turnover = 5