Answer:
At the end of the three years period, the amount to recieve will be for $7,146.1
Explanation:
18,000 savings at 6% during three years.
we will calcualte the future value of a lump sum:
Principal 6,000.00
time 3.00
rate 0.06000
Amount 7,146.10
Answer:
sorry but we can talk here
Answer:
Answer in explanation
Explanation:
In this question, we have Mr Jones applying a higher completion rate than the actual completion rate. We now want to find what is the impact of this error.
Due to the fact that the actual completion rate 30% is less than the applied rate, we can say that this error is error based on the overestimation of equivalent units.
Now let’s calculate the impact that this have;
On production units
Actual equivalent unit completed is 10,000 + 10000+(5000*30%)= 11500. But recorded as 10000+(5000*40%) 12000. Hence OVERESTIMATED.
On Cost per Equivalent unit: Since the overall equivalent units ie 12000 is higher than actual ie 11500, the cost per unit will come down. Hence UNDERESTIMATED.
On cost of units completed or transferred: Since the units transferred remain constant and ending inventory is hiked up, a portion of costs get transferred to the closing units. Hence UNDERESTIMATED.
On cost of ending inventory: Since the overall inventory is estimated high, that portion of expense of the goods transferred will be burdened by equivalents in inventory. Hence OVERESTIMATED.
Answer:
bad debt expense 5,900 debit
allowance for uncollectible amount 5,900 credit
Explanation:
5% of credit sales for the year. are uncollectible.
this means we adjuste the allowance directly by this value.
credit sales: 118,000
expected uncolectible 5%
bad debt expense: 118,000 x 5% = 5,900
we will recognize the expense and credti the allwoance by this maount
Answer:
The correct answer is c. increases, the real exchange rate of the dollar appreciates, and US net capital outflow decreases.
Explanation:
If theoretically, the propensity to consumption drops and the US citizen decide to save money, the new interest rate of equilibrium goes up. A higher interest rate attracts foreign investors that start bringing their money to US. In relative terms, the US dollar is appreciated as a consequence of the new streams of capital flow enter the country. If anything else is happening and in the international flows of capital are coming to US, then the net capital decreases
