Answer:
Present value investment = $98.05
Explanation:
given data
present value = $100
time 1 = 6 months = 
= 0.5 year
time 2 = 5 years
time 3 = 10 years
interest rate = 4 % = 0.04
to find out
Present value investment in 6 month for the rate 4 percent
solution
we get here Present value investment by as
Present value investment = present value ÷ 
..............1
put here value and we get
Present value investment = 
solve it we get
Present value investment = 
Present value investment = $98.05
A contract between businesses in two different countries falls under private international law, while disputes between two countries over trade subsidies falls under public international law.
- The body of laws, norms, and standards generally accepted as obligatory between nations is known as international law, sometimes known as public international law, the law of nations, and international ethics.
- Both civil (also known as Roman) and common law systems can be regarded as the most prevalent in the globe.
- Civil law is the most prevalent in terms of both population and landmass, whereas common law is used by the most people out of all civil law systems.
<h3>What is a country's legal system ?</h3>
The method for making, interpreting, and upholding the laws in a given territory is the legal system of a nation.
Learn more about country's legal system brainly.com/question/20113804
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Answer:
a. Compute the amount of depreciation expense recorded in the prior year.
b. Compute the book value of the printing press at the end of the prior year.
c. Compute the amount of depreciation that should be recorded in the current year.
d. Prepare the adjusting entry for depreciation at December 31 of the current year.
- December 31, 202x, depreciation expense
- Dr Depreciation expense 8,762.50
- Cr Accumulated depreciation - Didde press 8,762.50
Explanation:
depreciation expense per year of Didde press = ($330,000 - $43,000) / 20 years = $14,350 per year
accumulated depreciation = 5 years x $14,350 = $71,750
net book value = $258,250
adjusted useful life of 25 years, 20 remaining
new residual value of $83,000
depreciation expense per year = ($258,250 - $83,000) / 20 years = $8,762.50 per year
Answer:
A. revenues earned and expenses incurred in generating those revenues should be reported in the same income statement.
Explanation:
A matching principle is an accounting concept which is typically used on accrual basis accounts and it states that expenses incurred by an individual or business entity should be recognized and matched in the same period with respect to the revenues they are related to.
The matching principle indicates when costs are recognized as expenses on the income statement.
For instance, company XYZ purchases a property worth $90,000 in June, it was then sold in July for $250,000. Based on the matching principle, the $90,000 cost shouldn't be recognized by company XYZ as an expense until July, when the related revenue would be recognized also. Else, if recognized, its expenses would be overstated by $90,000 in June, and consequently understated to the tune of $250,000 in July.
Hence, matching principle requires that revenues earned and expenses incurred in generating those revenues should be reported in the same income statement.
Additionally, the matching principle helps business owners to calculate their taxes and profits or losses properly.
Answer:
$2.51 per unit
Explanation:
The computation of the cost per equivalent unit is shown below:
But before that the equivalent units is to be computed
Equivalent units = units completed + equivalents units in ending inventory
= 8,400 units + (13,200 units × 42%)
= 13,944 units
Now
Cost per equivalent unit = cost incurred ÷ equivalent units
= $34,980 ÷ 13,944 units
= $2.51 per unit
