Answer:
$59,309
Explanation:
Years  Cash flow   PV Factor at 10%   Present value of cash flows
0         225,000                1.00000                    225,000
1          75,000                   0.90909                    68,182
2          75,000                  0.82645                    61,983
3          75,000                  0.75131                       56,349
4          75,000                  0.68301                      51,226
5          75,000                  0.62092                     <u>46,569</u>
Benefit of remodeling project                          <u>$59,309</u> 
Note: Year 0 PV factor = 1/(1+10%)^0 = 1
 
        
             
        
        
        
Answer:
Journal Entry
Dr. Contingent Consideration Liability $500,000
Cr. Goodwill $500,000
Explanation:
It is assumed that the decline in the fair value is the correction of the acquisition entry. It means due to this event the consideration liability and goodwill are overstated we need to rectify the balances.
Hence,
The contingent consideration liability will be debited to reduce the liability and goodwill will also be decreased by crediting the goodwill account.
 
        
             
        
        
        
E. Increases; unemployment rate will increase
        
             
        
        
        
You get kind of a credit every time you buy something from the card issuer. that means you borrow money for the purchase you make from the card issuer with the promise to pay them at the end of the month (or whenever your contract tells you to). it's easy to switch credit cards and there are a lot of free contracts out there. better give your credit card number to someone you don't trust than your bank account number. cause in case of a fraud you can just change credit card. changing the bank account is a lot harder than changing credit card (plus the card issuer has the problem of not getting their money. not you)