Yes because you are helping put something together and are not being paid for it.
I believe the answer is D. Hiring employees.
Hope that helped.
Answer:
Total PV= $26,176.63
Explanation:
Giving the following information:
Cash flow:
Cf1= $5,700
Cf2= $10,700
Cf3= $16,900
<u>To calculate the price of the investment now, we need to use the following formula on each cash flow:</u>
PV= Cf / (1+i)^n
PV1= 5,700/1.11= 5,135.14
PV2= 10,700/1.11^2= 8,684.36
PV3= 16,900/1.11^3= 12,357.13
Total PV= $26,176.63
Answer: Please refer to the explanation section
Explanation:
The question is not clear in terms of when is the financial year end, we only its 2021. We will assume the financial year started in January 2021 and ended December 2021
Operational Lease is an agreement where the lessor (owner of the asset) allows the lessee (user of the asset) to only use the asset without the transfer of ownership. Ownership of the asset is not transferred to the lessee/ user of the asset. lease Payments/ Rental payments are considered as expenses and are recognize in the income statement.
Custom Shirts Inc entered into a Lease agreement on the 1st of September 2021. assuming the financial year ends on December 2021, the expense Recognized in the Income statement for the year ended December 2021 will
$ 24000 x 4 months/12 months =$ 8000
