Answer:
$699,000
Explanation:
The journal entries should be:
January 2, 2021, 30% of Skysong's stock is purchased:
Dr Investment in Skysong Company 660,000
Cr Cash 660,000
X, 2021, dividends are distributed:
Dr Cash 42,000
Cr Investment in Skysong Company 42,000
Y, 2021, net earnings are reported:
Dr Investment in Skysong Company 81,000
Cr Investment revenue 81,000
December 31 balance of investment in Skysong Company account = $660,000 - $42,000 + $81,000 = $699,000
Given:
Principal = 16,000
term = 8 years
rate = 6.5%
pre-terminated = 5 years
S.I = 16,000 * 6.5% * 8 years
S.I = 8,320 total interest earned in 8 years
total = 16,000 + 8,320 = 24,320
S.I = 16,000 * 6.5% * 5 years
S.I = 5,200 total interest earned in 5 years
S.I = 3,500 * 6.5% * 1 year
S.I = 227.50 one year's worth of interest on amount withdrawn.
16,000 + 5,200 = 21,200
21,200 - 3,500 - 227.50 = 17,472.50 new principal amount
S.I. = 17,472.50 * 6.5% * 3 years
S.I = 3,407.14 total interest on the remaining 3 years
Total = 17,472.50 + 3,407.14 = 20,879.64
24,320 - 20,879.64 = 3,440.36 less money
Answer:
The given statement is true.
Explanation:
The reason for why this statement is true is discussed below:
- The discounted cash flow is also called as DCF which is very important to determine the value of a business because it tells about the impact of today's investment in the future cash flows.
- It gives us information about the worth of share of a business as small business don't have that large scale arrangements or larger cash flows so the budgeting techniques of the DCF are less beneficial for the small scale business.
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