Answer:
d. $1,876,306.49
Explanation:
As for the provided information,
Total funds needed at end of 4.5 years = $2.2 million
For this current savings are to be invested on a compound interest, where the rate of interest = 3.6%
Compounding period = Annually.
Therefore, future value factor of $1 after 4.5 years @ 3.6% = 1.1726997
The value of $2.2 million as on date = 
= $1,876,306.49
Therefore, the correct answer is
Option d.
Answer and Explanation:
The preparation of the bank reconciliation statement is presented below:
Organic Food Co.
Bank reconciliation statement
Particulars Amount Particulars Amount
Bank cash balance $5,860 Company cash balance $6,500
Add: Deposits Less: NSF check -$220
in transit $2,240 Less: service fee $120
Add: Correction $180
Less: Outstanding
Check - -$2,120
Bank balance Company balance
After reconciliation $6,160 After reconciliation $7,955
It is the statement which balance the cash balance and bank balance after these adjustments made
Answer:
The correct answer to the following question is option C) $1800.
Explanation:
Given information -
Product sales - 1000 units
Sales price - $10
Variable manufacturing cost - $5.50 per unit
Fixed manufacturing overhead - $1200
Variable selling and administrative costs - $.50 per unit
Fixed selling and administrative cost - $1000
Units produced - 1200 units
Manufacturing contribution per unit = Sales price per unit - Variable
manufacturing cost per unit
= $10 -$5.50
= $4.50
Manufacturing contribution margin -
Number of units sold x manufacturing contribution per unit
= 1000 x $4.50
= $4500
While the contribution margin per unit -
$4.50 - $.50
= $4
which means the total contribution margin would be 1000 x $4
= $4000
And now subtracting Fixed manufacturing overhead and Fixed selling and administrative costs from the total contribution margin to get the operating income -
$4000 - $1200 - $1000
= $1800
Answer:
The options for answering this question are the following:
A. Companies omit from the income statement items they cannot measure reliably.
B. Income measurement involves judgment.
C. Income numbers are affected by the accounting methods employed.
D. All of these answer choices are correct.
The correct answer is C. Income numbers are affected by the accounting methods employed.
Explanation:
Accelerated depreciation is a method of calculating the attrition of the asset, where through the use of indices greater wear is assigned to the first years of use, which gradually decreases over the years as the middle age This method assumes that during the first years the asset is in better physical and technical conditions so it can be subjected to more intense use, generating more units produced or services provided, where maintenance costs will be lower. This method represents an incentive for the company that applies it, since by reflecting a higher depreciation expense in the first years its usefulness in this period will be lower, which will result in a lower tax burden. This will allow you, among other things, to pay less to the treasury and have cash to recover from the large disbursement represented by the acquisition of a fixed asset, since these assets generally have a high cost, last several financial years and gradually lose their value.
Linear depreciation is that which, through a previously established depreciation rate, is applied in a linear manner throughout the entire useful life of the medium. With this it is achieved that the depreciation expense remains the same during all the years that the medium lasts. This method does not offer tax incentives to its holders, who are forced to record the same expense in the first year when the medium is in optimal physical and technological conditions than during the last year of useful life when the productivity of the asset is inexorably lower due to its high technological wear and tear due to its moral aging in relation to the new technologies existing in the market.
It is completely inappropriate to mention that debt investments not classified as trading or held-to-maturity securities are called available-for-sale securities. Therefore, the statement given above is false.
<h3>What is the significance of debt investments?</h3>
Investments in the loan instruments or similar classes are regarded as debt investments. These investments cannot be bought or sold or traded in the open market, as unlike equity investments, they are backed by a date of maturity.
Therefore, the statement given above regarding the significance of debt investments is false.
Learn more about debt investments here:
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