Answer:
See below
Explanation:
Contribution margin = Sales value - Variable expenses
Given that;
Sales for Jones = $40,000
Less variable expenses
Cost of goods sold ($4,800)
Contribution margin = $40,000 - $18,800 = $21,200
Options :
A)net present value of the $25,000.
B)future value of the $25,000.
C)internal rate of the return on the $25,000.
D)present value of $25,000.
Answer: B)future value of the $25,000.
Explanation: The Smith's calculation and subsequent result which yielded $31,000 refers to the future value of $25,000. The initial $25000 is the present value of the amount held. If the initial amount is saved or deposited over a certain number of years in an account which yields a certain rate of interest per annum and is compounded either on a monthly, yearly, quarterly or semiannual basis as the case may be, in this scenario above, the interest is called mounded annually. This initial amount will grow and yield an amount which is greater than the present deposit. This is called the future value of the initial deposit.
Answer:
31 Dec 2017 Depreciation Expense $1370 Dr
Accumulated Depreciation-Riding mower $1370 Cr
Explanation:
The straight line method of depreciation charges a constant depreciation per year through out the useful life of the asset. The depreciation expense per year under straight line method is calculated as follows,
Depreciation expense = ( Cost - Salvage Value) / Estimated useful life
Thus,
Depreciation expense = (15900 - 2200) / 10
Depreciation expense = $1370 per year
Answer: The correct answer is "d. ask Morgan to submit to a second type of drug test at another laboratory.".
Explanation: Given this scenario, the HR manager should: ask Morgan to submit to a second type of drug test at another laboratory to prove whether Morgan has actually used drugs and evaluate whether it is convenient to hire him or not.