The demand for silver decreases, other things equal, when the gold market is suddenly expected to boom.
This is the logical consequence of the fact that silver and gold are used as investment commodities to preserve the value of your assets. If market predicts a quick increase in the prices of gold, the market will sell its assets in silver to purchase assets in gold to make a greater profit.
Answer:
$307,230
Explanation:
Provided details,
Today's date = January 1, 2020
Amount to be received = $50,000
Date of receiving = Jan 1, 2021
That is after 1 year.
Total period of receiving amount = 10 years
Discount rate = 10%
Discounted present value annuity factor = 
= 6.1446
Thus, present value of $50,000 each year received for 10 years = $50,000 
6.1446 = $307,230
Answer:
The adjustment to record the bad debt expense for the period will require a debit $3,654
Explanation:
There are two way to estimate uncollectible accounts: the percentage of sales method and the accounts receivable aging method.
The company uses the accounts receivable aging method to estimate the uncollectible accounts and estimated uncollectible of $4,979
Before adjustment, Allowance for Doubtful Accounts has a $1,325 credit balance.
Bad debt expense for the period = $4,979 - $1,325 = $3,654
Answer:
Number of units which company plan to produce in February is 352000
Explanation:
We have given expected sales in January, February and march is 440000, 390000 and 380000 units respectively
And desired needing finished goods in inventory in January, February and march is 39000, 38000 and 40000 units respectively
We have to find the how many units company plans to producing for month February
Number of units which company plan to produce in February = 390000 - 38000 = 352000
