Answer:
a. 11,262.88
Explanation:
In this case we are using the formula of an annuity due which is an annuity that starts payment at the beginning of the period.
This formula is
PVannuity due = C * [(1 - ( 1 + i ) ^ {-n}/ i ] * (1 + i)
C = Payments $2,500
i = Interest rate 5.5%
n = Number of payments 5
PVannuity due = 2500 * [(1 - ( 1 + 0,05 ) ^ {-5}/ 0.05 ] * (1 + 0.05)
Answer:
<em>An </em><em><u>accounting</u></em><em><u> </u></em><em><u>profit</u></em><em> is calculated by subtracting the firm's costs from its total revenues, </em><em><u>excluding</u></em><em><u> </u></em><em><u>opportunity</u></em><em><u> </u></em><em><u>cost</u></em>
Answer:
B.
Explanation:
I hope that helps!!!!!!!!
Answer:
Total Current Assets $ 100,800
Explanation:
The current asset are those assets which are cash cash or the firm expect to convert in cash within a 12 month period (one-year)
Assets with a useful life or collection date longer than a year will be considered non-current thus, non included in current asset
Cash $ 38,600
Short-term investments $ 4,600
Accounts receivable $ 51,000
Supplies <u> $ 6,600 </u>
Total Current Assets $ 100,800
Answer:
$92,000
Explanation:
Calculation for By how much is retained earnings reduced by the property dividend
Using this formula
Reduction in Retained earnings=(Boxer stock outstanding/Declared property dividend )×King stock market price)
Let plug in the formula
Reduction in Retained earnings=(46,000/10 shares ) x $20
Reduction in Retained earnings= $92,000
Therefore By how much is retained earnings reduced by the property dividend is $92,000