The ramen noodles that the college students have brought is
considered to be a rivalrous type of good in which is at the excludable part.
This is where the clothing, cars, parking space and even private goods or foods
falls under as ramen noodles is considered to be a food.
Answer:
Dr Equipment $6,300
Dr Accumulated depreciation $3,780
Dr Loss on disposal $5,040
Cr Machinery $11,340
Cr Cash $3,780
Explanation:
Whispering Company
Journal entries
Dr Equipment $6,300
Dr Accumulated depreciation $3,780
Dr Loss on disposal $5,040
Cr Machinery $11,340
Cr Cash $3,780
Loss on disposal
$6,300+$3780=$10,080
$11,340+$3,780=$15,120
$15,120-10,080=5,040
Answer:
PV= $90,990.39
Explanation:
Giving the following information:
Future value= $140,000
Number of periods= 5 years
Rate of return= 9%
<u>To calculate the price to pay today, we need to calculate the present value. We will use the following formula:</u>
PV= FV/(1+i)^n
PV= 140,000 / (1.09^5)
PV= $90,990.39