Answer:
$972,183.30
Explanation:
your monthly salary is $120,000 / 12 = $10,000
you will work for 30 years or 360 months
APR = 12%, so monthly discount rate = 12% / 12 = 1%
Present value = $10,000 x annuity factor
PV annuity factor, 1%, 360 periods = 97.21833
present value = $10,000 x 97.21833 = $972,183.30
Answer:
the GDP deflator but not in the consumer price index
Explanation:
GDP deflator is the ratio of : Nominal GDP (value of goods & services at current prices) to Real GDP (value of goods & services at constant prices), multiplied by 100.
It reflects change in price level of all domestically produced final goods in an economy, during given years.
Consumer Price Index (CPI) indicates price change in market basket of consumer goods & services purchased by households. It is statistically measured based on weighted average of various market basket commodities.
A decrease in price of domestically produced industrial robots : will effect (reduce) GDP deflator, as it includes all final goods & services. But it will not effect CPI as it includes only household consumer goods.
Answer:
Option (d) is correct.
Explanation:
Given that,
Cash = $300,000
Short-term investments = 400,000
Accounts receivable = 900,000
Total operating expenses = 640,000
Depreciation expense = 140,000
The numerator part in the formula of days' cash on hand is cash and cash equivalents available.
Cash and cash equivalents available:
= Cash + Short term investments
= $300,000 + $400,000
= $700,000
Answer:
1. Increased assets (Cash) – Increased stockholders’ equity (Common Stock)
2. Decreased stockholders’ equity (Rent Expense) - Decreased assets (Cash)
3. Increased assets (Cash) – Increased stockholders’ equity (Service revenue)
4. Increased assets (Accounts receivable) – Increased stockholders’ equity (Service revenue)
5. Decreased liabilities (Cash Dividends Payable) – Decreased assets (Cash)
6. Decreased stockholders’ equity (Advertising Expense) - Increased liabilities (Accounts payable)
7. Increased assets (Cash) – Decreased assets (Accounts receivable)
8. Increased assets (Equipment) – Decreased assets (Cash)
9. Increased assets (Equipment) – Increased liabilities (Accounts payable)
Explanation:
Accounting Equation Formula:
Assets = Liabilities + Owner's Equity
This equation tells us that Assets are increased by Debits and decreased by Credits, instead, Liabilities and Stockholders´ Equity decreased by Debits and increased by Credits. In the answer, Debits are represented by the left side of the note, and Credits by the right side of the note.
Dec 31
Dr Interest expense $72,000
Cr Interest Payable $72,000
($900,000*9%)
(Being to record the first year interest expense accrued)
<h3>What is Interest Payable? </h3>
Interest Payable is a liability account, shown on a company's balance sheet, which represents the amount of interest expense that has accrued to date but has not been paid as of the date on the balance sheet.
In short, it represents the amount of interest currently owed to lenders.
<h3>Is interest payable an asset?</h3>
Interest payable is a liability, and is usually found within the current liabilities section of the balance sheet.
Learn more about interest payable here:
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brainly.com/question/14608867</h3><h3 /><h3>#SPJ4</h3>
