Answer:
C
Explanation:
it is c, you are required to have a high school diploma
Answer:
Lump sum= $2,242,403.85
Explanation:
<u>First, we need to calculate the future value of the annual payments using the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual payment
FV= {165,000*[(1.04^20) - 1]} / 0.04
FV= $4,913,382.97
<u>Now, the lump sum is the present value of the annual payments:</u>
PV= FV / (1 + i)^n
PV= 4,913,382.97 / (1.04^20)
PV= $2,242,403.85
Answer:
Net operating income= $83,714
Explanation:
Giving the following information:
Sales= $515,000.
Variable costs are 44 percent of sales
Fixed costs are $128,500
Depreciation is $49,750.
Tax= 24 percent.
<u>Income statement:</u>
Sales= 515,000
Total variable cost= (0.44*515,000)= (226,600)
Gross profit= 288,400
Fixed costs= (128,500)
Depreciation= (49,750)
Operating income= 110,150
Tax= 110,150*0.24= (26,436)
Net operating income= 83,714
Answer:
Correct statement is (B)
Explanation:
Marketing channel is the combination of all the people who are responsible for delivery or reach of the product from producer to the last consumer.
Thus, it is a chain from producer to wholesaler to retailer and then to consumer.
Marketing channel makes sure about the market present for the next level. That is for producers it provides wholesalers, for wholesalers it provides retailers and to retailers it provides consumers.
Thus, statement (B) is correct.
Answer:
When accounting for revenue over time for a long-term contract, the percentage of completion used to recognize revenue in the first year usually is determined by measuring Costs incurred in the first year, divided by estimated total costs for the completed project
Explanation:
The percentage of completion method of revenue recognition is a concept in accounting that refers to a method by which a business recognizes revenue on an ongoing basis depending on the stages of a project’s completion.
In other words, the percentage of completion method is used for longer-term projects and recognizes revenue and expenses as a percentage of the project’s completion during the period.
