Answer:
$3,250
Explanation:
Calculation to determine How much income must Larry report for the current year
Current year income=$13,250-$10,000
Current year income=$3,250
Therefore How much income must Larry report for the current year is $3,250
Answer:
Dr. Truck $80,869
CR. Note Payable $80,869
Explanation:
Note issued is a liability instrument. It is a promise of payment f principal amount and interest after a specific period of time. Zero interst interest bearing not does not offer any interest payment but it is issued at a discounted price . Present value of Note payable is the value that should be recognised as a cost of the truck.
Now calculate the present value of the Note.
PV of Zero coupon bond = FV / ( 1 + r )^n
Where
FV = FV maturity value of the note = $118,400
r = Interest rate = 10%
n= numbers of period = 4 years
Placing Values in the formula
PV of Zero coupon bond = $118,400 / ( 1 + 10% )^4
PV of Zero coupon bond = $80,869
Answer:
A. Frictional Unemployment
B. Structural Unemployment
C. Cyclical Unemployment
Explanation:
A. Frictional Unemployment refers to people moving between jobs which is the case for the first scenario
B. Structural Unemployment is a type of unemployment when structure of the economy changes and outsourcing also comes under this
C. Cyclical Unemployment is caused by the movements of business cycle people are laid off when economy is facing recession i.e decrease in investment.
Answer:
C. Technical skills
Explanation: Technical skills because all jobs relating to a certain department are dealt within that department using certain techniques. For example accounting is done following certain methods
Answer:c. Assume an additional 80 units of inventory will be required as safety stock. What will the new average inventory be? What will the new total carrying cost be?
Explanation:
