Answer:
Annual deposit= $188,842.66
Explanation:
Giving the following information:
Williamsburg Nursing Home is investing in a restricted fund for a new assisted-living home that will cost $6 million.
n= 15 years
i= 10%
We need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (6,000,000*0.10)/[(1.10^15)-1]
A= $188,842.66
Double entry, a fundamental concept underlying present-day bookkeeping and accounting, states that every financial transaction has equal and opposite effects in at least two different accounts. It is used to satisfy the accounting equation:
Assets
=
Liabilities
+
Equity
Assets=Liabilities+Equity
With a double entry system, credits are offset by debits in a general ledger or T-account.
So debit is the answer
Answer:
Setup time = 2.5 min. per order
Process capacity = 1.09 units/minute
Utilization = 7.5 minutes
Explanation:
The time to cook just one order = 3 minutes
Cooking two orders in a batch = 3.5 minutes
cooking three orders = 4 minutes
bagging and accepting payments = 0.80 minutes
a) Setup time:
Setup time = 3 - 0.5
= 2.5 min. per order
b) Process capacity:
Production = Setup time + ( Processing time * Batch size )
= 2.5 + (0.5 * 6)
= 5.5 minutes
Process capacity = Batch size / Production
= 6 / 5.5
= 1.09 units/minute
c) Utilization:
Batch size = 10
Production = Setup time + (Processing time * Batch size)
= 2.5 + (0.5 * 10)
= 7.5 minutes
Answer:
$2800
Explanation:
To find the Gain or loss on the sell of shares we jus need to deduct cost of purchasing and brokerage fee from sale proceeds
12 DECEMBER 2019
Gain/loss = Sales proceeds- Total Cost to purchase - Cost to sell
Gain/loss= ($88 x 265) - $20,305 - $215
Gain/loss= $23,320 - $20,305 - $215
Gain/loss= $2800
WORKINGS
Purchase 1 Jan 2019
265shares x $76per share = $20,140
Total cost to purchase = $20,140 + $165(brokerage fee)
Total cost to purchase = $20,305
Cost to sell = $215(brokerage fee)
