the overall hange is a net-gain of 17% as the company's total revunue experienced an overall positive outcome over said two year period. :)
Answer:
We to invest <em> $ 17,213 per year to buy the car in seven years from now</em>
Explanation:
<u><em>First, we solve for the future value of the car:</em></u>
Principal 83,800.00
time 7.00
rate 0.10000
Amount 163,302.49
<u><em>Then, for the PTM to achieve tham amount in 7 years:</em></u>
FV 163,302
time 7
rate 0.1
<em>C $ 17,212.981 </em>
Answer:
$555
Explanation:
The cash method of accounting records revenue when cash is received,and when expenses are paid in cash.
Bill received the following cash:
1. $150 dollars in cash was from a customer.
2. tickets worth $225 as payment for services performed last year.
3. $180 check for services rendered this year.
Bill's income on schedule c would be a summation of all payments received.
= $150 + $225 + $180
Bill would receive an income of $555
Answer:
Ending inventory is greater than beginning inventory when purchases are less than cost of goods sold.
Explanation:
Ending inventory is greater than beginning inventory when purchases are less than cost of goods sold is the wrong answer option
Ending inventory is the amount of inventory a company has in stock at the end of it's fiscal year. It is the beginning inventory plus net purchases minus cost of goods sold.
When the beginning inventory is greater than the ending inventory, then has been sold in the period than you bought.
Answer:
If the company is going to use the machine for 20 days, it is cheaper to lease it.
Explanation:
Giving the following information:
The cost to purchase is $10,000 plus $100 per day to operate or $500 per day to lease
<u>First, we need to structure the total cost formula for each option:</u>
Purchase= 10,000 + 100x
x= number of days
Lease= 500x
x= number of days
<u>Now, we can determine the total cost for 20 days:</u>
Purchase= 10,000 + 100*20= $12,000
Lease= 500*20= $10,000
If the company is going to use the machine for 20 days, it is cheaper to lease it.
