Answer:
$ 11, 978,133.75
Explanation:
The grand prize of 15,000,000 is worth the present value of the prize at an 8% interest. The prize is paid every year, meaning its an annuity case.
The present value of an annuity is calculated using the formula
PV = P × <u> 1 − (1+r)−n </u>
r
Where
P $3,000,000
r is 8% 0r 0.08
n is 5
PV = $3,000,000 x <u>1-(1+0.08) - 5</u>
0.08
PV =$3,000,000 x<u> 1 - 0. 6805831</u>
0.08
PV = $ 3,000, 000 x 3.99271
PV = 11, 978,133.75
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Explanation:
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Answer:
d. A debit to Work-in-Process Inventory, Finishing Department of $140,000.
Explanation:
Cost of unit transferred = $4 x 35,000 = $140,000
Cost incurred by mixing department is $4 which so the transfer of cost from mixing department to finishing department will be $140,000 for 35000 units. This cost will be recorded in the work in process inventory account of finishing department. As we know that WIP account has debit nature so same entry will be done to record an expense incurred in mixing department.
Answer:
Unitary contribution margin= $8
Explanation:
Giving the following information:
Sales $ 20,000
Variable expenses 12,000
Contribution margin 8,000
<u>To calculate the unitary contribution margin, we need to use the following formula:</u>
Unitary contribution margin= total contribution margin / total units
Unitary contribution margin= 8,000 / 1,000
Unitary contribution margin= $8
China's FDI inflows in 2018 were $139 billion, making it the world's second-largest recipient of FDI after the United States.
