Answer:
Annual deposit= $2,186.69
Explanation:
Giving the following information:
Future value= $10,000
Number of peridos= 4 years
Interest rate= 9% compounded annually
<u>To calculate the annual deposit required, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (10,000*0.09) / [(1.09^4) - 1]
A= $2,186.69
Answer:
The balance for long-term debt and retained earnings on Glen’s Tobacco Shop’s balance sheet is $18.2 million and $27.8 million respectively
Explanation:
The computation is shown below:
Given that
Debt = 50% × Total Assets
= 50% × $96.4 million
= $48.20 million
As we know that
Total Debt = Current Liabilities + Long Term Debt
$48.20 million = $ 30.0 million + Long Term Debt
So, the long term debt is $18.2 million
Now,
Total Assets = Total Liabilities + Owner's Equity
where,
Total Assets = Long Term Debt + Current Liabilities + Common Stock and paid-in surplus + Retained Earnings
$96.4 million = $18.2 million + $30.0 million + $20.4 million + retained earnings
So, the retained earnings is $27.8 million
Answer:
less than $1 million.
Explanation:
According to my research, I can say that based on the information provided within the question this next change is likely to save less than $1 million. We can predict this since the first change saved $1 million but was a reduction of 3%, the second change is a reduction of 2% so it will most likely not reach 1$ million in savings
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer:
The correct answer is letter "E": establish a separate Work-in-Process Inventory account for each manufacturing department.
Explanation:
Process-cost accounting is an approach used to assign costs of processes per department on direct materials, direct labor, and factory overhead. In such cases, conversion and prime costs are allocated to each department's manufacturing process to value the inventory of final goods.
Thus, <em>the Work-In-Progress (WIP) Inventory is also assigned according to the manufacturing processes of each department.</em>
