Answer:
$2,639.83
Explanation:
The value expected in the next 10 years is known as the future value while the amount to be invested today is the present value amount, hence, using the formula below which relates the present value to the future value, we can determine the present value as appropriate:
PV=FV/(1+r)^n
PV=present value=the unknown
FV=future value=$4,300
r=rate of return=5%
n=number of years that investment would last =10
PV=$4,300/(1+5%)^10
PV=$4,300/1.05^10
PV=$4,300/1.62889463
PV=$2,639.83
<span>a. A very successful band wants to record a song you wrote. You can sell the rights to the song or keep the rights and collect a percentage of the price of each compact disk sold.
</span>Passive income is e<span>arnings that an individual derives from a rental property, limited partnership or other enterprise in which he or she is not materially involved.</span>
Answer:
A. Cash 960
Service Revenue 960
Explanation:
In the given transaction, the trade discount is not shown in the recording of the journal entry but the effect is to be seen in the journal entry.
Since the cash is paid for providing the service and give the patient a 20% discount.
So, the discount amount would be equal to
= Service cost × discount rate
= $1,200 × 20%
= $240
And, the journal entry would be shown below:
Cash A/c Dr $960
To Service Revenue $960
(Being service is provided for cash and discount is given)
Answer:
Substitute product
Explanation:
Since Alison uses an eco-friendly Seventh Generation brand diapers which was currently unavailable in the local grocery store, she substituted with the regular Pampers diaper brand.
She substitutes her priority brand over what she could supplement it with in the time of need.
Substitute goods are those which can be replaced with a comparable product similar to the one in current use.
