Answer:
The correct answer is C
Explanation:
Totally owned facilities are those facilities which has its own production as well as the marketing facilities in one or more than one foreign nations. It is an example of the direct investment.
So, the XYZ company need to prepare for the ASEAN free trade area and plans for developing own facilities of marketing as well as production in one or more than one countries of ASEAN.
Therefore, the XYZ company is the company which is totally owned facilities.
Answer and Explanation:
The journal entry is shown below:
Accounts payable $1,500
To Merchandise Inventory $1,500
(being purchase returns is recorded)
here account payable is debited as it decreased the liabilities and credited the merchandise inventory as it decreased the assets
Answer:
c.$28,800
Explanation:
Depreciation of the asset is calculated using the following formula:
Depreciation=Cost of Asset*Depreciation percentage for specific year
Keeping in mind the above formula, depreciation can be calculated as follow:
Cost of Asset=$150,000
Depreciation for year 1=150,000*0.20=$30,000
Depreciation for year 2=150,000*0.32=$48,000
Depreciation for year 3=150,000*0.192=$28,800
Therefore, the answer is c.$28,800
Answer:
$ 75131
Explanation:
Given:
Amount inherited = $ 300000
Present amount of annuity = $ 300000
Interest rate, i = 8% = 0.08
number of years, n = 5
Now,
the formula for the present amount of annuity is given as:
Present amount of annuity = ![P[\frac{1-(1+i)^{-n}}{i}]](https://tex.z-dn.net/?f=P%5B%5Cfrac%7B1-%281%2Bi%29%5E%7B-n%7D%7D%7Bi%7D%5D)
where,
P is the periodic payment
n is the number of years
now, on substituting the values, we get
$ 300000 = ![P[\frac{1-(1+0.08)^{-5}}{0.08}]](https://tex.z-dn.net/?f=P%5B%5Cfrac%7B1-%281%2B0.08%29%5E%7B-5%7D%7D%7B0.08%7D%5D)
or
$ 300000 = P × 3.993
or
P = $ 75131.48 ≈ $ 75131
hence, the amount he can withdraw is $ 75131