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4 years ago

12

What is the present value of $1,400 a year at a discount rate of 8 percent if the first payment is received 7 years from now and

you receive a total of 23 annual payments

1 answer:

ioda4 years ago

8 0

Answer:

P V = 1669,5

Explanation:

After seven years, future payment will be 9800$ and from there on we will have 23 annual payments more:

P V = 9800/(1+0.08)^23 = 9800/5,87 = 1669,5

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On January 1, 2021, the Coldstone Corporation adopted the dollar-value LIFO retail inventory method. Beginning inventory at cost

yaroslaw [1]

Inventory value of Cold stone Corporation as on 31/12/2021 is $ 58,600 at cost value and $61,530 at retail value

Explanation:

In the United Kingdom, Retail price index is a measure of inflation published monthly by the Office for National Statistics. It measures the change in the cost of a representative sample of retail goods and services.

LIFO - last in first out method .,means the inventory purchased in last will be sold first.

opening inventory and closing inventory always calculated at cost price only

Cost of sales = sales- markup

= $846,000 - $11,000 = $835,000

Closing inventory value

= cost of sales - purchases - opening inventory

= $835,000 - $693,600 = $141,400 - $200,000 =$ 58,600

$= $835,000 - $693,600 = $141,400 - $200,000 =$ 58,600$

Retail value of inventory on 31/12/2021

= $ 58,600×1.05= $61,530

$= $ 58,600×1.05= $61,530$

3 0

3 years ago

On january 1, applied technologies corporation (atc) issued $650,000 in bonds that mature in 10 years. the bonds have a stated i

nignag [31]

Answer:

Since the bond's coupon rate is identical to the market rate, then they should have been sold at face value. Since we are not given any costs associated to the issuance, then I will assume it is $0.

January 1, bond issuance:

Dr Cash 650,000

Cr Bonds payable 650,000

December 31, coupon payment:

Dr Interest expense - bonds 78,000

Cr Cash 78,000

8 0

3 years ago

The following financial information was summarized from the accounting records of Train Corporation for the current year ended D

tensa zangetsu [6.8K]

Answer: $18500

Explanation:

The income from operations for the rail divisions will be calculated thus:

For the rail division,

Sales = $91800

Cost of goods sold = $45500

Direct operating expense = $27800

Income from operations:

= $91800 - $45500 - $27800

= $18500

3 0

3 years ago

Enrique did not want to tell his manager that it was not likely that his employees would meet the looming production deadline. H

asambeis [7]

Answer:

B. Upward distortion

Explanation:

Based on the information provided within the question it can be said that this seems to be an example of upward distortion. In the context of business, this refers to when a lower employee fails to, or is hesitant to communicate negative information to his/her superiors due to the consequences. Which is what Enrique is doing in this scenario.

8 0

3 years ago

Last year Anderson Corporation reported a cost of goods sold of $101,000. The company's inventory at the beginning of the year w

mash [69]

Answer:

$113,200

Explanation:

Data provided

Cost of goods sold = $101,000

Increase in Inventory = $8,100

Decrease in Accounts payable = $4,100

The calculation of Adjusted cost of goods sold is shown below:-

Adjusted cost of goods sold = Cost of goods sold + Increase in Inventory + Decrease in Accounts payable

= $101,000 + $8,100 + $4,100

= $113,200

Therefore for computing the adjusted cost of goods sold we simply applied the above formula.

6 0

4 years ago