Answer:
$85,558.34
Explanation:
The Transaction Price will be the Present Value of the amount to be received in 5 years.
We can simply calculate the Present Value (PV) using a financial calculator as follows :
FV= - $120,000
I = 7 %
N = 5
P/YR = 1
PMT = $0
PV = ?
Entering the data as above gives a Present (PV) as $85,558.34
therefore,
Millipede will recognize an amount of sales revenue of $85,558.34
Answer:
The completed question is
On October 1, Ken's Painting Service borrows $50,000 from National Bank on a 3-month, $50,000, 4% note.
The entry by Ken's Painting Service to record payment of the note and accrued interest on January 1 is
B) Notes Payable 50,000
Interest Payable 500
Cash 50,500
Explanation:
Base on the scenario been described in the question, the entry by Ken's Painting Service to record payment of the note and accrued interest on January 1 is going to be notes payable 50,000 and interest payable 50,000. Option b is the answer.
<span>Each day the farmer exchanges money for the food he grows and sells, as well as the petrol it takes him to get to market, the farmer also has to pay his workers. The farmer has to have auto insurance, each of these things attributing to what the farmer pays each day.</span>
Answer:
a. a schedule of requirements for all parts and end items
Explanation:
Material requisition planning (MRP) refers to a computer-based information system mainly meant to deal with ordering and scheduling of inventory items that are dependent on demand. It is provides a schedule of all parts, materials and other end inventory items that are required in a production process.
Therefore, the output of MRP is a schedule of requirements for all parts and end items.
Answer:
Price of stock = $78.143
Explanation:
According to the dividend valuation model , the current price of a stock is the present value of the expected future dividends discounted at the required rate of return.
So we will discount the steams of dividend using the required rate of 11.0% as follows
Price of stock =3.15 × 1.11^(-1) +3.55× 1.11^(-2) +4.05 1.11^(3) +95× 1.11^(-3)
=78.143
Price of stock = $78.143