Answer:
$1,000
Explanation:
The computation of the ending balance of cash is shown below:
Ending balance of cash = Debit balance of cash account + total debited the amount of cash balance - the total credited amount of cash balance
= $400 + $1,500 - $900
= $1,000
Since the cash account has debit balance so it would be added while the credit balance is deducted
Answer: Learning.
Explanation:
The change in Henry's attitude towards exercise is as a result of learning. Henry learnt of the positive benefits of regular exercise from his old time friend which serves as inspiration to enroll in a fitness center.
Answer:
$1,000,000
Explanation:
As the name suggests, the production-of-final-goods approach refers to the production of goods should be recorded at the final goods and ignored the intermediary goods. Moreover if the workers earned any income so it would not be relevant for this approach
As in the question there are two goods produced i.e raw silver and silver necklaces
So this means that the raw silver produced the silver necklaces i.e represents the intermediate goods which is not relevant here
So in this case the silver necklaces is only considered i.e $1,000,000
Answer:
a. $ 408.16
b. $408.16
c. Higher rate of return
Explanation:
a. Present value of $500 three years from today would be calculate by using the formula P
V = 500 / (1+0.07)^3 = 408.16
b. Jim should pay not more than $408.16 to purchase this payment now.
c. If Jim can purchase this investment for less than the amount calculated in part (a), it means that the rate of return that he will earn is higher than the opportunity cost.
