Answer:
$6,226.52
Explanation:
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow year 1 to 7 = 0
Cash flow each year from year 8 to 25 = 1300
I = 9%
PV = $6,226.52
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
The correct answer is A.
Keeping financial records. The purpose of managerial accounting is different with the purpose of financial accounting whereby managerial accounting assists in decisions of the internal management for the firm. In accounting, we have an equation which states that liabilities plus owners equity is equal to the asset.
Answer:
$6,000
Explanation:
Calculation to determine what The entry to record estimated bad debts will include
Bad Debts Expense=Sales of $600,000*1% of sales
Bad Debts Expense=$6,000
Therefore The entry to record estimated bad debts will include a debit to Bad Debts Expense in the amount of:$6,000
Answer:
contribution would be the answer :)
Explanation:
Answer:
Debit Depreciation expense account $4,580
Credit Accumulated depreciation $4,580
Being entries to recognize depreciation for the first 7 months of 2017
Explanation:
Given that depreciation for the first 7 months of 2017 is $4,580, the journals to update depreciation to July 31, 2017 is
Debit Depreciation expense account $4,580
Credit Accumulated depreciation $4,580
Being entries to recognize depreciation for the first 7 months of 2017 before disposal of the office equipment.
