Answer:
Final Value= $43,871.84
Explanation:
Giving the following information:
Suppose you invest $2500 each year in a savings account that earns 12% per year.
Number of years= 10
To calculate the final value we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit= 2,500
i= 0.12
n=10
FV= {2,500*[(1.12^10)-1]}/0.12= $43,871.84
Answer:
No formal education required
Explanation:
In many countries, the roofer works with a license. But to be a roofer, you don't need any formal education.
The training is done on the spot, the beginner is learning from other experienced roofers. To qualify for the job of a roofer, a person has to be at least 18 years old, to have a high school diploma and be physically able.
Answer:
The process cost summary is given below.
A-Total Material Cost = $22,500
B-Total Conversion costs = $95,625 (45,625+50,000)
C-Units transferred out = 40,000
D-Ending Inventory = 10,000
E-Equivalent units of material = 45,000
F-Equivalent units of conversion costs = 42,500
G-Equivalent cost per unit of material = $0.5 (A/E)
H-Equivalent cost per unit of conversion costs = $ 2.25 (B/F)
I-Equivalent cost per unit = $2.75 (G+H)
J-Cost of inventory transferred = $ 110,000 (I*C)
K-Cost Of Ending Inventory = $ 8,125 (H*(F-C) + (5000*0.5))
Answer:
$4,392,000
Explanation:
For computing the cost of the goodwill, first we have to calculate the fair value of the net asset which is shown below:
The fair value of net asset = Asset balance + fair value of land - liabilities balance
= $11,450,000 + $690,000 - $4,890,000
= $7,250,000
And, the acquire value is $11,642,000
So, the goodwill would be
= $11,642,000 - $7,250,000
= $4,392,000
