Answer:
$515.53
Explanation:
CALCULATION OF THE ESTIMATED CASH OUTFLOW EXPENSES FOR ENGINE OVERHAUL
Engine Overhaul Probability Estimated Cash
estimated cash outflow(X) (Y) flow ( X * Y)
$370 10% $37
$470 30% $141
$720 50% $360
<u>$760 10% $76</u>
<u>$2320 $614</u>
Present Value Factor, PVF, of 3 years and 6% = 0.839619(from the table)
hence, value = $614 x 0.839619
= $515.53
Amount Deposited = $516 (approx)
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According to the new tax regulation, the federal tax that is to be paid on $17,000 is $1,100.
Answer:
Retained earnings on the December 31, 2019: $253,000
Explanation:
Ending balance in retained earnings is calculated by using following formula:
Ending balance in retained earnings = Beginning balance in retained earnings + Net income - Cash dividends - Stock dividends
Grizzly Company had Retained Earnings at December 31, 2018 of $210,000. Beginning balance in retained earnings at January 01, 2019 is $210,000
Net income = Revenues - Expenses = $410,000 - $355,000 = $55,000
Ending balance in retained earnings = $210,000 + $55,000 - $12,000 = $253,000
Answer: Middlemen's brand
Explanation:
Tara foods are producing products that would bear the brand name of the wholesalers or retailers, which is an example of Middlemen's brand.
Middlemen's brand is a form of branding under ownership, where a producer makes a product and sells them to the wholesaler/distributor without a brand name, and the product would then bear name of the wholesaler/distributor.