Every T account has two sides, credit and credit side. True False

You have just received notification that you have won the $3 million first prize in the Centennial Lottery. However, the prize w

Oksanka [162]

Answer:

Present Value= $1,772.115

Explanation:

Giving the following information:

You have won the $3 million first prize in the Centennial Lottery.

However, the prize will be awarded on your 100th birthday, 78 years from now. What is the present value of your windfall if the appropriate discount rate is 10 percent.

We need to use the following formula:

PV= FV/[(1+i)^n]

PV= present value

FV= final value

PV= 3000000/(1.10^78)= $1,772.115

7 0

4 years ago

Which of the following is not an example of how media coverage of the Space Race affected the economy?

mrs_skeptik [129]

Correct option: The media only covered positive elements of the Space Race and never mentioned any setbacks.

The above given option does not talk about any aspect of media coverage of the space race and its effects on the economy. Covering only positive aspect without explaining its economic implications does not have any positive or negative effect on any economic activity, externalities or economic well being of any country. On the other hand, option B , C and D talks about economic implications.

7 0

4 years ago

Read 2 more answers

Bill's organization expects 50% of profits to be generated by products that did not exist five years ago. What is the nature of

faust18 [17]

If these are the missing choices:
A) short-term
B) risky
C) innovative
D) expansionary

My answer is C. INNOVATIVE.

Innovative is defined as an adjective that may refer to a person who introduces new ideas that are original and creative. It may also refer to a product, service, or idea that features new methods or designs that help advance our technology unlike no other.

Since Bill's organization expected to derive a 50% profit from products that did not exist five years ago, it is safe to assume that Bill's organization was the one to innovate and launch the product.

7 0

3 years ago

Unlike consumer credit, trade credit does not involve the use of a

hammer [34]

Answer:

Trade credit means many things but the simplest definition is an arrangement to buy goods and/or services on account without making immediate cash or check payments. Trade credit is a helpful tool for growing businesses, when favorable terms are agreed with a business's supplier.

Explanation:

Trade credit allows businesses to receive goods or services in exchange for a promise to pay the supplier within a set amount of time. New businesses often have trouble securing financing from traditional lenders; buying inventory, for example, on trade credit helps increase their purchasing power.

3 0

3 years ago

In March, Kelly Company had the following unit production costs: materials $12 and conversion costs $8. On March 1, it had zero

pochemuha

Answer:

A) the total units to be accounted for = 23,980 + 4,600 = 28,580 units

B) the total material equivalent units = 23,980 finished units + 4,600 = 28,580 units

total conversion equivalent units = 23,980 finished units + (4,600 x 30%) = 23,980 + 1,380 = 25,360

C) cost reconciliation schedule:

Cost accounted to finished goods 23,980 x (12 + 8) = $479,600

Cost of material in process

material work in process 4,600 x 12 = $55,200

conversion cost in process 1,380 x 8 = $11,040

$66,240

total cost $545,840

3 0

3 years ago

Every T account has two sides, credit and credit side.TrueFalse​

Every T account has two sides, credit and credit side.TrueFalse