Answer:
b.$277,491
Explanation:
The computation of the future value is shown below:
Annual payments Discount factor Future value
$60,000 1.174241375 $70,454.4825
$70,000 1.113025 $77,911.75
$75,000 1.055 $79,125
$50,000 1 $50,000
Total Future value $277,491.2325
The discount factor is
= (1 + 0.55)^3 + (1 + 0.55)^2 + (1 + 0.55)^1 + (1 + 0.55)^0
Answer: a). Debit Factory Payroll Payable $160,000; credit Cash $160,000.
Explanation: Direct labor refers to the manpower used in production. They are the factory workers involved in using the raw materials to produce finished goods.
Expense on direct labor is provided for during the production by a debit to factory payroll expense and a credit to factory payroll payable.
As such, the journal entry will be a debit to factory payroll payable $160,000 and a credit to cash $160,000. This means cash will reduce by $160,000 as the factory workers are paid while payables which is a provision account will reduce as well on the cash book by the same amount.
Answer:
B
Explanation:
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Answer: d. Fran and Miller are both investing.
Explanation: An investment is the action of using a quantity of resources in a project or business to make a profit.
Both Fran and Miller are investing, because Fran wants to take advantage of his savings by buying the shares to make them grow and Miller wants to invest in his business, to be able to increase production or get a better result than he currently maintains.
The answer is E. Both A &C
Guidance counselor usually had some knowledge in psychology. Meeting with the counselor will help your brother in finding out which major that your brother wants and will be suitable for him.
The FAFSA form will help your brother to obtain aid from the federal government so his college expense could be cheaper.