Answer:
$332.26
Explanation:
The amount to be invested today is known as the Principle Value. We discount the future cash flows using the effective interest rate to arrive at the Principle Value.
Using a financial calculator, we can determine the Principle Value (PV) simply as follows :
PV = ??
PMT = - $100
P/YR = 1
I = 2 %
FV = $1,500
N = 10
This gives a PV of ($332.26)
therefore,
$332.26 should be deposited now to meet the goals.
Answer:
$192,000
Explanation:
Using the weighted-average method the Costs to be accounted for will be:
Cost of ending work in process inventory$31,000
Add Cost of units transferred out $161,000
Total cost accounted for$192,000
Therefore using the Weighted average method the cost to be accounted for will be $192,000
<span>Under GAAP, cash receipts from interest and dividends are classified as operating activities. Operating activities are the main business activities for the company. The operating activities for the company are manufacturing, distributing, marketing and selling the product or service to consumers. </span>
<span>The answer is d. quantity demanded equals quantity supplied</span>
Answer:
a. Total revenue received:
= 4,500 * 140
= $630,000
Date Account Title Debit Credit
XX-XX-XXXX Cash $630,000
Unearned revenue $630,000
Revenue is unearned because the games have not been played yet therefore Blue Spruce University has not provided the service for which it was paid and has not earned the revenue.
b. The revenue per game is:
= 630,000 / 12 games
= $52,500
Date Account Title Debit Credit
XX-XX-XXXX Unearned Revenue $52,500
Revenue - Ticket Sales $52,500
