Answer:
The minimum value is $196,362.95
Explanation:
Giving the following information:
Cash flow= $20,000
The number of years= 20 years
Interest rate= 8%
First, we need to calculate the future value of the cash flows. We will use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= cash flow
FV= {20,000*[(1.08^20)-1]} /0.08
FV= $915,239.29
Now, we can calculate the present value. The present value is the minimum value yo accept.
PV= FV/(1+i)^n
PV= 915,239.29/ 1.08^20
PV= $196,362.95
Answer:
The correct answer is letter "C": The Justice Department.
Explanation:
The United States Department of Justice (<em>DOJ</em>) enforces the law and defends the interest of the U.S. The entity seeks fair punishment for all those with unlawful behavior and ensures public safety from foreign and domestic threats. Through the Antitrust Division (<em>ATR</em>), the institution reviews mergers and acquisitions to verify their effect and it challenges those that threaten to harm fair competition.
C.
If such policies cause the producers to adopt better production processes, we can assume that wastage is reduced and there is more output, therefore aggregate supply increases. The problem of its effect on the price level depends on where the economy is in regards to full employment, but we can say with assurance that output will increase.
Answer:
<u>a debit to Office Equipment and a credit to Utilities expense</u>
Explanation:
The correct journal entry should've been:
Office Equipment A/C Dr.
To Cash A/C
(Being purchase of telephone equipment recorded)
The wrong entry passed being,
Utilities Expenses A/C Dr.
To Cash A/C
Thus, the rectification/correcting entry should be:
Office Equipment A/C Dr.
To Utilities Expense A/C
(Being correcting entry recorded)
Telephone equipment is used for official purpose and thus an office expenditure. Expenses incurred are debited.
Similarly, Utilities Expenses was wrongly debited so crediting it cancels out the wrong effect.