The answer you are looking for is
Global economy
Answer:
$3,791
Explanation:
Given that
Expected amount received = $1,000
Number of years = 10 years
Rate of interest = 5
So, the present value of this annuity would be
= Expected amount received × PVIFA factor at 5 years at 10%
= $1,000 × 3.7908
= $3,791
Refer to the PVIFA table
Simply we multiplied the expected amount received by the PVIFA factor
Answer:
The Journal entries are as follows:
(a) On November 5,
Merchandise inventory A/c Dr. $6,000
To Accounts payable $6,000
(To record the purchasing of Merchandise inventory)
(b) On November 7,
Accounts payable A/c Dr. $250
To Merchandise inventory $250
(To record the returned units)
(c) On November 15,
Accounts payable A/c Dr. $5,750
To cash $5,635
To Merchandise inventory $115
Workings:
Final amount due:
= Cost of goods purchased - Cost of goods returned
= 6,000 - 250
= $5,750
Discount amount:
= Final amount due × Discount percentage
= 5,750 × 2/100
= $115
Cash payment to be made:
= Final amount due - Discount amount
= 5,750 - 115
= $5,635
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Answer:
Net cash flow will be $117200
Explanation:
We have given net income = $142000
Account receivable = $2500
And account payable = $18500
So increase in account receivable = $25000 - $18500 = $6500
Ending balance in account is $30500 and $12200
So decrease in account payable = $30500-$1200 = $18300
Now we have to fond the cash flow
So cash flow = $142000 - $6500 - $18300 = $117200
