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nirvana33 [79]
3 years ago
10

Transactions for the Bridgeport Company, which provides welding services, for the month of June are presented as follows.

Business
1 answer:
kvv77 [185]3 years ago
6 0

Answer:

Explanation: see attached

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(a) What is the present value of $34,900 due 9 periods from now, discounted at 9%? (Round answer to 2 decimal places, e.g. 25.25
Simora [160]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

a) What is the present value of $34,900 due 9 periods from now, discounted at 9%

We need to use the following formula:

PV= FV/(1+i)^n

PV= 34,900/1.09^9= $16,068.83

(b) What is the present value of $34,900 to be received at the end of each of 12 periods, discounted at 8%

First, we need to find the final value:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {34,900*[(1.08^12)-1]}/0.08= 662,301.71

PV=  662,301.71/(1.08^12)= 263,009.12

7 0
4 years ago
Lamp Corp. manufactures wooden desks. Production consists of three processes: cutting, assembly, and finishing. The following co
Liono4ka [1.6K]

Answer:

See the journal entry be;ow.

Explanation:

Given:

                                Cutting        Assembly        Finishing

Direct materials        $7,000         $10,000           $3,000

Direct labor                 3,000           14,000             2,000

Applied overhead      4,000            5,000              6,000

Therefore, the journal entry to assign costs incurred in the assembly process would be as follows:

<u>Details                                    Debit ($)           Credit ($)        </u>

Work in process                      10,000  

Direct material                                                   10,000

<em><u>(To record cost of direct material.)                                          </u></em>

Work in process                     14,000  

Wages payable                                                  14,000

<u><em>(To record direct labor cost.)                                                    </em></u>

Work in process                     5,000  

Manufacturing overhead                                   5,000

<u><em>(To record manufacturing overhead.)                                       </em></u>

3 0
3 years ago
Purchasing agents for merchandises are known as _____.
noname [10]
I think it’s known as Merchandise calling
6 0
3 years ago
You are studying in your dorm room, but your neighbor is blasting the television in the adjacent room. when you gently request t
DiKsa [7]

I guess the correct answer is absolute threshold

You are studying in your dorm room, but your neighbor is blasting the television in the  adjacent room. When you gently request that your neighbor turn the volume down until you  cannot hear it, you are asking your neighbor to make the volume less than your absolute threshold.

6 0
3 years ago
The shape of the ______________ involves a tradeoff between unemployment and inflation.
larisa [96]

The shape of the Phillips curve involves a tradeoff between unemployment and inflation.

the question is incomplete .please read below to find the missing content

The shape of the ______________ involves a tradeoff between unemployment and inflation.

A. the aggregate demand curve

B. the aggregate supply curve

C. Phillips curve

D. Keynesian demand curve

Phillips curve, the graph of the economic relationship between the unemployment rate (or rate of change in the unemployment rate) and the rate of change in nominal wages. Named after the economist A. Williams Phillips, he notes that wages tend to rise faster when unemployment is low.

The Phillips curve shows the relationship between inflation and unemployment. In the short term, inflation and unemployment are inversely related. As the number of one increases, the amount of the other decreases.

The underlying problem is that the Phillips curve misinterprets the assumed relationship between unemployment and inflation as causal. In fact, it is changed in aggregate demand that drives changes in both unemployment and inflation. The Phillips curve continues to mislead and mislead policymakers.

Learn more about the Phillips curve here

brainly.com/question/4486587

#SPJ4

8 0
2 years ago
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