Answer:
C : decreased by $4,000
Explanation:
As we know that
The accounting equation is
Total assets = Total liabilities + stockholder equity
To balance the balance sheet we use the accounting equation
That means the total assets is equal to the sum of the total liabilities and the stockholder equity
Since in the given situation, the assets decreased by $4,000 or if the stockholder equity has increased by $4,000 so the total assets must also decreased by $4,000 itself
Which of the following statements are true? (plato)
A. Economic stability means fair distribution of goods in an economy.
B. Full employment is a macroeconomic goal.
C. Inflation is a fall in the prices of goods and services.
D. Inflation is a rise in the prices of goods and services.
E. Microeconomics studies the economy as a whole.
The bold choices are the true statements from this question. C in incorrect because D. is correct, inflation is defined as the rise in prices and goods and services. These goods and services inflat as the economy rises.
E. Is incorrect because microeconomics does not study the economy as a whole, rather, it studies single factors and the effects of indvidual decisions.
Full employment is a macrocroeconomic goal because it studies large-scale or general economic factors vs smaller (micro/microeconomic) factors.
Answer:
Net present value at 8%=($42510)
Explanation:
Explanation- Net present value = Present value of cash inflows – Total outflows
={(19000*6.7100) - $170000}
=$127490- $170000
= ($42510)
Annual net cash inflows = Net income+ Depreciation
= $4000+$15000
= $19000
Straight line Method:-
= Cost of asset- Salvage value of asset/No. of useful life (years)
=($170000-$20000)/10 years
=$150000/10 years = $15000
Net present value at 3%=($7926)
Explanation- Net present value = Present value of cash inflows – Total outflows
={(19000*8.5302) - $170000}
=$162074- $170000
= ($7926)
Annual net cash inflows = Net income+ Depreciation
= $4000+$15000
= $19000
Straight line Method:-
= Cost of asset- Salvage value of asset/No. of useful life (years)
=($170000-$20000)/10 years
=$150000/10 years = $15000
Answer and Explanation:
The Preparation of note disclosure for the long-term debt is shown below:-
Note disclosure for the long-term debt
At the year end 31, December 2020
Year Amount Working note
2021 0
2022 $2,752,000 From annual sinking fund payment
2023 $4,562,000 ($1,810,000 annual sinking fund payment + $2,752,000 note payable maturity)
2024 $7,582,000 ($4,830,000 annual sinking fund payment + $2,752,000 bond maturity)
2025 $2,752,000 From annual sinking fund payment
1500*.12*2= $360 in interest
Total 1860 by the end of 2 years