Answer:
The answer would be, $21,760
Explanation:
The formula to be used is that of calculating the present value (PV) of the payment in the ordinary annuity (PMT). PMT are done annually, semi-annually, quarterly or monthly.
PV = PMT * ((1-(1/ (1+r) n))/r)
Where PV is the present value; PMT is the payment in an ordinary annuity; r is the opportunity cost rate; n is the number of years
in this case, PV= 3,200; r=10%, and n=12
To get PV, substitute the values given above and compute as shown below:
PV = 3,200*((1-(1/(1+0.10)12))/0.10)
PV= $21,760
With an opportunity cost of 10% compounded annually, Lisa will have to deposit $21,760 today if she wants to be receiving $3,200 at the end of each year for the next 12 years.
Answer:
Cash $10,430 ; Cash equivalents $20,400
Explanation.
Cash consist of all currencies in hand or any convertible asset which can be converted to cash immediately.
It is to be noted that the assets with high liquidity will be included in cash and cash equivalent balance. They can quickly be converted to cash and would normally have 90 or lesser days to mature.
Solution.
$
Cash in bank. 8,540
Petty cash. 250
Check from customer. 1,350
Money order. 290
Cash. 10,430
The check has a very short maturity period since it will clear within 3-4 working days.
Money order can be cashed immediately .
Therefore;
Cash value is $10,430
For cash equivalent,
Cash equivalent = Money market fund balance + Treasury bills maturing in 60days
Cash equivalents = $10,400 + $10,000
=$20,400.
The amounts considered as cash and cash equivalents as of 31 December are ;
Cash $10,430 , $20,400 respectively.
In a case whereby john’s friend, Michael, just got fired from his job as a server at a local restaurant and narrated the issue to John, and John says "so, your boss took the customer’s words over yours, then John means that his boss do not trust him.
<h3>What is the trust between the employee and employer?</h3>
The trust between the employee and employer can be seen as one that do make the relationship between the employer as well as the employee to be strong.
It should be noted that the Trust in the workplace implies that there is a culture of honesty as well as psychological safety which exist between the employee as well as the employer, hence in the case whereby the employer is acting against the employee as a result of the comments from the customer without any investigation implies that there is no trust between them which is not adviceable.
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Answer:
Don profit in the forward market can be USD 48,152.37
Explanation:
Spot rate currently is at 24.0239 MXN/USD
Sell USD forward at 26.5693 MXN/USD
Profit on settlement after 3 months = (Selling price - buying price)*Number of units
Profit on settlement after 3 months = (26.5693 - 25.3487)*1,000,000
Profit on settlement after 3 months = MXN 1,220,600
The exchange rate is expected to move to 25.3487 by Clint
Hence, 1,220,600/25.3487 = USD 48,152.37
Don profit in the forward market can be USD 48,152.37 if hewants to trade USD 1,000,000
Answer:
Revenue 2021 = $3,000,000
Revenue 2022 = $0
Explanation:
Given that,
Sold a parcel of land to a construction company = $3,000,000
book value of the land on Apache’s books = $1,200,000
In this case, revenue is identified at a point when the parcel of land is transferred to the construction company.
Therefore, full revenue from the sale of land should be recognized in the year 2021 because the transfer of land occured in 2021 and there will be no revenue reflected in the year 2022.
Revenue 2021 = $3,000,000
Revenue 2022 = $0
