I will try my best to answer:
1. <span> c.$10,000
2. </span><span>a.Traditional Bank, Credit Union, Online Bank
3. </span><span>c.Use a budget to determine how much you can save, then automate the savings by direct depositing that amount from each paycheck
4. False
5. </span><span>c. Invest for your retirement in an IRA </span>
Have a good personality and be kind
Answer:
units completed and ending work in process.
Explanation:
In order to find out the equivalent units we consider the completed units and the ending work in process units.
In mathematically,
= Units transferred × completion percentage + ending work in process units × completion percentage
By considering the units transferred and the ending work in process units after taking the completion percentage we can easily calculate the equivalent units so that the allocation of the manufacturing cost could be done
Answer:
$504,000
Explanation:
Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $47 fair value for all of the outstanding shares of Vicker.
The consolidated Additional Paid-In Capital and Retained Earnings (January 1, 2018 balances) as a result of this acquisition transaction will be:
Journal entries
Dr. Cash (12000 shares x $47)..................................$564,000
Cr. Common Stock (12,000 shares x $5).................................$60,000
Cr. Additional Paid-In Capital [(12,000 shares x ($47-$5)].$504,000
Being issue of common of $5 per share at the price of $47 per share
Answer:
$11,098.94
Explanation:
first we must calculate the future value of the 7 year annuity:
FV of an annuity = p x {[(1 + r)ⁿ - 1] / r}
- p = $13,100
- r = 17.18%
- n = 7
FV of an annuity = $13,100 x {(1.1718⁷ - 1) / 0.1718} = $13,100 x 11.8377 = $155,073.56
since he wants to have $176,000, he needs $20,926.44 more in 7 years (= $176,000 - $155,073.56)
X = FV / (1 + r)ⁿ
- future value =
- n = 4 years
- r = 17.18%
X = $20,926.44 / 1.1718⁴ = $11,098.94