Answer:
<h2>The present value of PV in this case is $527.76 approximately.</h2>
Explanation:
The mathematical or accounting formula of Present Value(PV)=
where FV denotes the future cash payment to be made,r represents the discount rate and n is the number of years in which the future payment has to made.Here,the future cash payment of FV is given as $1350,the discount rate is 11% or 0.11 and the number of years in which the FV has to be paid is 9 years.
Hence,PV in this case=
approximately
Therefore,based on the information given the PV in this case is $527.76 approximately.
Answer:
d.$1,685
Explanation:
Though many jobs were completed, but only Job 356 and 357 were sold.
Cost of Goods Sold = cost of job 356 +cost of job 357
= $450 + $1,235
= $1,685
Answer:
EPS = $4.50
diluted EPS = $2.46
Explanation:
no option is correct since EPS = $4.50, and the rest of the options are all higher amounts. Diluted EPS are always smaller than EPS.
common stock outstanding = 1,000 stocks
bonds shares (diluted) = 1,000 stocks
net income = $4,500
bond interest = $10,000 x 6% x (1 - 30%) = $420
diluted earnings per share = ($4,500 + $420) / (1,000 shares + 1,000 shares) = $4,920 / 2,000 shares = $2.46
