Answer:
C) In today's dollars, Chang Lee's money is worth more than Soo Lee's
Explanation:
The present value of receipts 6 year hence of amount $20,000 discounted at 7% rate would be: Discounting factor of 1 $ for 6 years at 7 % i.e expressed as:
= 20,000 × 0.6663
= $ 13,327 approx
The present value of $20,000 receipts 9 years hence discounted at 7% rate is given by:
= 20,000 × 0.5439
= 10,879 approx.
As is evident from above, Chang Lee's present value of receipts is more than those of Soo Lee's.
Answer:
$56,500
Explanation:
Manufacturing overhead refers to indirect factory-related costs incurred when a product is manufactured.
To calculate the balance in the Manufacturing Overhead account, we will add the beginning balance to the indirect materials to production and indirect factory labor cost.
June 2: Issued $500 of indirect materials to production.
June 13: Incurred $15,000 of indirect factory labor cost.
= $41,000 + $500 + $15,000
= $56,500
The balance in the Manufacturing Overhead account following these transactions will be $56,500.
The answer is 5,000bdbrbgvtvdhdudidjrbrbfbtbfjf
Social responsibility
State leaders want the press to serve the goals of the state with some responsibility towards society. Because many a time due to the growing numbers of media houses and the competition from each other the media is going overboard lacking sanity and integrity.
