Answer:
You have to deposit 13584.54 dollars in 8 years in order to have 57411 dollars on your account in 19 years.
Explanation:
In order to asses the present value of furture cash flow, we need to look at the formula for present value:
![PV=FV/(1+r)^n](https://tex.z-dn.net/?f=PV%3DFV%2F%281%2Br%29%5En)
PV is Present Value, FV is future value, r is the interest rate, n is the number of years.
When we apply the numbers of the question, FV is 57411, r is 0.14 and n is 11 because we will put our deposit in 8 years and 19 - 8 is 11.
When we insert the numbers into the equation we get 13584.54
I hope this makes the answer clearer! :D
Answer:
$350,000
Explanation:
Cost of goods sold = $720,000 / 1.20
Cost of goods sold = $600,000
Estimated cost of inventory = Inventory, March 1 + (Purchases - Purchases Return) - Cost of goods sold
Estimated cost of inventory = $540,000 + ($420,000 - $10,000) - $600,000
Estimated cost of inventory = $540,000 + $410,000 - $600,000
Estimated cost of inventory = $350,000
Answer:
The stock dividends are not taxable in 2009 for this case
Explanation:
A. According to the US taxatation regulation in this particular case the stock dividend is not taxable because it is <em>pro rata</em> to all the shareholders.
<em>pro rata means proportional.</em>
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Answer:
$11.165 unfavorable
Explanation:
The formula to compute the variable overhead efficiency variance is shown below:
= (Actual direct labor hours - standard direct labor hours) × variable overhead per hour
where,
Actual direct labor hours is 2,975
And, the standard direct labor hours equal to
= 250 units × 9
= 2,250
Now put these values to the above formula
So, the value would equal to
= (2,975 - 2,250) × $15.40
= $11.165 unfavorable