Lisa agrees to sell Deb an electronic entertainment center worth $1,000 for $700 in order to have a rapid sale. Later Lisa insists that she may rescind this agreement since the agreed price was 30% below fair market value. Lisa may not rescind since Lisa and Debbie freely agreed.
A trade show for the video game industry is called E3. For the purpose of introducing and publicizing new games and game-related items to retailers and the media, the Entertainment Software Association organizes and presents E3, which is attended by a large number of developers, publishers, hardware, and accessory makers.
Internet-based entertainment that a user can view or hear: We anticipate that increased access to broadband will open up e-commerce and entertainment to everyone.
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<em>MISSING INFORMATION:</em>
concept // Year 2 // Year 1
Sales 7,620 7,450
Account Receivables 655 588
Answer:
Yes, there is. The days to collect increase by 4.16 to 29.77 from 26.61
Which is a bad sing as the company delays more to collect form their customers
Explanation:
Account Receivable turnover:
Average receivable:
(458 + 588 ) / 2 = 523
7,450 / 523 = 14.25
Days to collect: 365 / 14.25 = 25,61
Second Year:
Average receivable: (655 + 588) / 2 = 621.5
Turnover: 7,620 / 621.5 = 12.26
Days to collect: 365 / 12.26 = 29,77
29.77 - 25.61 = 4.16
Because the future value of annual premiums deposited in a mutual fund is 755 (F/A, 9%, 45) = $397,023.34, Then, the friend is correct since the mutual fund is roughly three times the sum under the Insurance policy.
<h3>Was Liam's
suggestion correct?</h3>
Generally, Premium payment is mathematically given as
X=60-20
X=45years
Where future value is
755 (F/A, 9%, 45)
In conclusion
755 (F/A, 9%, 45) = 755 * 525.8587
755 (F/A, 9%, 45) = $397,023.34
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Complete Question
Liam O'Kelly is 20 years old and is thinking about buying a term life insurance policy with his wife as the beneficiary. The quoted annual premium for Liam is $8.39 per thousand dollars of insurance coverage Because Liam wants a $90,000 policy (which is 2.5 times his annual salary), the annual premium would be $755, with the first payment due immediately (i.e., at age 21). A friend of Liam's suggests that the $755 annual premium should be deposited in a good mutual fund rather than in the insurance policy. "If the mutual fund earns 9% per year, you can become a millionaire by the time you retire at age 65," the friend advises.
Answer:
$5572500
Explanation:
consolidated cost of goods sold for 2020 would be:
consolidated cost of goods sold = ( total of goods sold by bought company ) - ( intra-entity transfer ) + ( ending unrealized gross profit ) - ( beginning unrealized gross profit )
= ( 5400000 + 1200000 ) - ( 1000000 )+(1000000*20%)*20% - {(650000*15%)*(450000/650000)}
= 6600000 - 1040000 - ( 97500 * 45/65 )
= $5572500
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