Answer:
Present value of annuity P = $137,639.05 (Approx)
Explanation:
Given:
Amount withdraw A = $12,000
Number of year n = 20
Rate r = 6%
Find:
Present value of annuity P
Computation:
P = A[1-(1+r)⁻ⁿ]/r
P = 12,000[1-(1.06)⁻²⁰]/0.06
P = 12,000 x 11.46992122
P = 137,639.05 (Approx)
Present value of annuity P = $137,639.05 (Approx)
Answer:
The value of inventory is $1600.
Explanation:
The business has two inventory on hand that cost $300 each so total value of inventory = 2 × 300 = $600
The value of four items at $400 each = 4 × 400 = $1600
Total number of items = 2 + 4 = 6
Total value of 6 items = 600 + 1600 = $2200
The value of sold inventory = 2 × 300 = $600
The value of inventory = total value of inventory - The value of sold inventory
The value of inventory = $2200 - $600
The value of inventory = $1600
Answer: Managerial accounting is geared toward producing annual and quarterly consolidated statements.
Explanation: Managerial accounting is the branch of accounting which help managers to set and achieve organisational goals.
Managerial accounting is focused to help managers for the future and not to produce yearly and quarterly financial statements. It includes identifying, analyzing and communicating the financial information of the organisation that could be relevant in decision making.
Thus, from the above we can conclude that statement 3 is not a characteristic of managerial accounting.
Answer: Telephone calls
Explanation: To communicate to senior citizens telephone will be the most effective way as other sources like social media are not used by senior citizens in general, majority of users of social sites are youth and teens. Other sources like emails and text messages may not result in full information takeout. Therefore,other than face to face communication, the best electronic medium is telephone.
Answer:
A.Venus
Explanation:
bc its the closest to the sun