The bank of Company E grantees that the interest of $22 on the one year of certificate of deposit of $1,000 as there is no change in APY.
Option D is the correct answer.
<h3>What is the certificate of deposit?</h3>
The certificate of deposit is a kind of financial instrument issued by banks providing the interest rate premium to the investors.
APY stands for annual percentage yield which is defined as the rate of return on the investment being adjusting by the compound interest. When the Eagle Company invests $1,000 in certificate of deposit, then it gets the guaranteed return of $22 in that one year.
Therefore, there should be no change in the APY due to which there is a fixed interest of $22 on the $1,000 of value of CD.
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The straight line depreciation expense in 2022 is $1500.
The straight line depreciation expense in 2023 is $3000.
<h3>What is the depreciation expense in 2022 and 2023?</h3>
The striaght line depreciation method spreads out the depreciation expense equally over the useful life of the project.
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
($32,000 - $4,000) / 8 = $3000
The depreciation expense each year would be $3000 except in 2022 when the truck was used for 6 months.
Depreciation expense in 2022 = 6/12(3000) = $1500
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Answer:
A) It will increase now because the tax on imported grains will increase the future price of grains.
Explanation:
Consumer expectations can shift the demand curve to the left or to the right. If consumers believe that the price of a good will increase in the future, the demand curve will shift to the right increasing the quantity demanded at every price level. This happens because consumers expect, or know in this case, that the price for the goods will increase in the future, so they will stock themselves with as much as they can before the price increases. E.g. you expect the price of cars to increase because of a new tax, so you might purchase a new car immediately instead of waiting 6 more months.
Answer:
Explanation:
Net Income 490776
Add back depreciation 37752
Add back amortization 4719
Deduct gain on asset disposal (6292)
Increase in receivable (26500)
Decrease in payable (13075)
Increase in inventory (26775)
Increase in salary payable ( 2100)
Cash flow 458,505
The non cash expenses which are depreciation and the amortization cost are added back and non cash income like gain on the disposal of asset deducted to arrive at the net cash flow.
Answer:
$10,125 Favorable
Actual quantity of the cost-allocation base used - Actual quantity of the cost-allocation base that should have been used to produce the actual output) × Budgeted variable overhead cost per unit of the cost-allocation base
Explanation:
Variable overhead spending variance = Actual Spending - budgeted Spending based on actual quantity
Variable overhead spending variance = (Actual Input x Actual rate) - ( Actual input x Budgeted rate)
Variable overhead spending variance = (10,125 x $29) - ( 10,125 x $30)
Variable overhead spending variance = $293,625 - $303,750
Variable overhead spending variance = $10,125 Favorable
Variable overhead spending variance is
Actual quantity of the cost-allocation base used - Actual quantity of the cost-allocation base that should have been used to produce the actual output) × Budgeted variable overhead cost per unit of the cost-allocation base