Answer:
The present value of $4,300=$3,624.13
Explanation:
The present value is always used to estimate the value of an asset be it financial or financial equivalents to determine their current value accounting for annual interest rates. Continuous compounding is the mathematical limit that can be reached if it's calculated and reinvested into an account's balance over a theoretically infinite number of periods. The formula is expressed as;
F.V=P.V×e^(i×t)
where;
F.V=future value
P.V=present value
e=mathematical constant approximated as 2.7183
i=stated interest rate
t=time in years
In our case;
F.V=$4,300
P.V=unknown
e=2.7183
i=5.7%=5.7/100=0.057
t=3 years
replacing;
4,300=P.V×e^(0.057×3)
4,300=P.V×e^(0.171)
1.1865 P.V=4,300
P.V=4,300/1.1865
P.V=3,624.13
The present value of $4,300=$3,624.13
Answer:
b. an express contract.
Explanation:
Since Daisy signs on Capri's behalf, the contract is between Bo and Capri, not Daisy.
Since there is a lease, an actual signed document, the options of no contract and implied contract are discarded.
An express contract is written in an specific language with its terms stated expressly at the time of contract formation, and is made under a company seal. A simple contract doesn't require a seal.
The lease is signed under Capri Apartments' seal and thus is an express contract.
Answer and Explanation:
The statement of cash flow involves 3 kinds of activities mentioned below:
1. Operating activities: Many transactions are based that affect the working capital following net income. It would increase the growth in current assets and a decrease in current liabilities, whereas adding the decrease in current properties and an increase in current liabilities.
This should mitigate any work capital shifts. Furthermore, the cost of depreciation is attributed to the net income and the loss on the sale of assets is attributed while the benefit on the sale of assets is deducted
2. Investing: it monitors activities involving the acquisition and selling of long-term assets. The purchase is cash outflow while the selling is cash inflow
3. Financing activities: it monitors activities that impact on the shareholders' long-term debt and equity balance. Share issue is cash inflow whereas cash outflows are redemption and dividend.
Therefore based on the above explanation, the classification is as follows
1 Financing Activity
2. Operating activity
3 Investing activity
4 Financing Activity
5 Operating activity
6 Investing activity
7 Financing Activity
8 Financing Activity
9 Operating activity
10 Operating activity
Answer:
B. No, no free entry
Explanation:
With a patent granted to one pharmaceutical company to produce and sell an experimental AIDs drug, all doors of free entry and exit have been locked against other pharmaceutical companies. This implies that one of the major ideals of a competitive market is violated. Without free entry and exit, there cannot be many sellers, and we cannot discuss about the possibility of firms producing identical products because there is only one drug.
Answer:
Cash Basis and Accrual Basis
Explanation:
We be using the Cash Basis and Accrual Basis method to explain this
If we are going to use cash basis accounting system
the service revenue will = $105,000 while
Pool Expenses will = $80,000
If we are going to use accrual basis accounting system
the service revenue = $130,000 while
Pool Expenses = $85,000
