Answer:
The future value of the same annuity due is $9307.50
Explanation:
FVA6 = 8500*(1 + 9.5%)
= $9307.50
Therefore, The future value of the same annuity due is $9307.50
Answer:
The first 40 hours of payment will be payed at $10.5 per which will amount to a total of $420 and his last 5 hours he will be payed at $13 which will amount to a total of $65.
So his total earning for the 45 hours of work are $485
Explanation:
Answer:
Revenues are closed out to Equity (Retained Earnings) for Corporate.
Explanation:
Actually, for both Sole Proprietor and Corporate, the account that is closed out to Capital or Equity is the difference between the Revenue and the Expenses for the accounting period. This is more specifically referred to as Net Income. This is the bottom-line profit, which is available for distribution to the owners of the entity in the form of capital withdrawals for Sole Proprietorships and dividends for Corporate entities.
<h3>Hello there!</h3><h3>Answer: Receive the $189,000 today. It has a net value that's higher</h3>
The reason why you should receive the $189,000 today because it would have a net value that's higher than the second value.
When you get the $189,000, all of that money belongs to you, you don't have to worry about the discount rate of the property. The person that buys the property would be affected by the discount rate.
But for the second offer, you would apply the discount rate.
In the second offer, you're suppose to be getting $200,000. However, the discount rate will take away some of the money.
You would technically only get $182,000, meaning that you would be getting less than what you expected.
<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3>
Answer:
It will be reported as gain.
Explanation:
If the fair value of the net identifiable assets acquired exceeds the fair value of the consideration given (purchase cost) will be a <u>negative goodwill.</u>
It will be due to <em>"bargain purchase"</em> and the accounting records the "negative goodwill" as a gain in the income statment
