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MA_775_DIABLO [31]
3 years ago
8

Find the present value of $19,000 in 11 months at 5.1% interest

Business
1 answer:
dem82 [27]3 years ago
5 0

Answer:

$19,886.396

Explanation:

Given :

Interest rate = 5.1% = 5.1

Principal = $19000

Period = 11 months = (11/12)year

The present value of 19000 in 11 months at 5.1% interest Can be obtained using the relation:

PV = P(1 + r)^n

PV = 19000(1 + 0.051)^(11/12)

PV = 19000(1.051)^(11/12)

PV = 19000 * 1.0466524

PV = 19886.396

Hence, the present value is $19,886.396

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Rebotar Inc, makes basketballs. Their fixed costs are $3450 Variable costs are $12 per basketball, If the basketball is priced a
worty [1.4K]

Answer:

Break-even points = 265.38

Explanation:

Given:

Fixed cost = $3,450

Variable costs = $12

Selling price = $25

Number of balls sold = 300

Find:

Break even costs

Computation:

Contribution per unit = Sales - Variable costs

Contribution per unit = $25- $12

Contribution per unit = $13

Break-even points = Fixed cost / Contribution per unit

Break-even points = $3,450 /$13

Break-even points = 265.38

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3 years ago
Which of the following statements concerning the cash budget is CORRECT? a. Depreciation expense is not explicitly included, but
Ostrovityanka [42]

Answer:

a. Depreciation expense is not explicitly included, but depreciation's effects are reflected in the estimated tax payments.

Explanation:

The cash budget is the budget that represents the receipts and payment of transactions held in cash

It includes the interest and dividend payment as it shows the outflow of cash if payment is made in cash

Moreover, it also affects the DSO and includes cash inflows with related to the long term sources such as issuance of bonds

But as we know that the depreciation is a non cash expense so it not much included but its effects are projected in the payment of tax

7 0
3 years ago
Which Of the following is the most important academic skill that you would need in a scientific career?
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Research skills

(Time management is lower on the totem pole while the other 2 are on the bottom)

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Cheyenne Corp. had the following transactions during the current period.
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Mar. 2 Issued 4,000 shares of $4 par value common stock to attorneys in payment of a bill for $21,200 for services performed in helping the company to incorporate.

Dr Incorporation expenses 21,200

    Cr Common stock 16,000

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June 12 Issued 56,400 shares of $4 par value common stock for cash of $305,500.

Dr Cash 305,500

    Cr Common stocks 225,600

    Cr Additional paid in capital - common stocks 79,900

July 11 Issued 1,950 shares of $100 par value preferred stock for cash at $130 per share.

Dr Cash 253,500

    Cr Preferred stocks 195,000

    Cr Additional paid in capital - preferred stocks 58,500

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Dr Treasury stocks 78,500

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Treasury stocks account is a contra equity account which decreases the value of stockholders' equity.

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3 years ago
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