Answer:
$10,245.20
Explanation:
The present value by the Eliza shall be determined through below mentioned formula:
Present value=Future value(1+i)^-n
In the given question
Present value=?
Future value= Amount that the Eliza will receive after four years=$15,000
i=interest rate involved=10%
n=number of years after which the $15,000 will be received=4
Present value=$15,000(1+10%)^-4=$10,245.20
Answer:
(a)overstated
(b)overstated
(c)no effect
Explanation:
(a) As there is an expense account (utilities expense) which, is not included in the income statement, result for the year will be higher than if was.
(b)The revenues account will be oaky. But, the total expenses will be lower, as there are cost of the period which are not included.
So the Net incoem will be higher than a correct income as their expenses do not include this utilities expense
(c) The balance sheet will have no effect in the total Asset or Total Liaiblities+SE but, it is a change in the composition.
The income (reained earnings) should be lower as the income will be lower and a liability will be create (utilities payable) to fill this so:
with the mistake:
liab 0 equity (+400)
ammending the mistake
liab 400 equity 0
the net effect is zero.
It will decrease equity and increase liability, but the su of both will be the same
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Answer:
Explanation:
This action will not result in a 2 year ban on the municipal broker dealer conducting municipal securities business with that issuer because the Municipal Securities Rulemaking Board
( MSRB )rule only applies to the Municipal Finance Professional
( MFPs )
Answer:
For the 1St question,
Total variable costs increase with increased production or sales volumes. Fixed costs are not influenced by fluctuations in production or sales volumes.
For the 2nd question,
Understanding whether a cost behaves as a variable or a fixed cost is essential to estimating and planning for business success.
Explanation:
The main difference between the fixed and variable cost is the way it is affected by the production capacity. Variable cost increases as more u it's are produced while.fixed cost remains constant as it is not related with units.
Moreover, Understanding and differentiating fixed and variable costs are important to categorize costs correctly for accounting purposes and to decide what sort of strategies must be implemented.
