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An investment offers $2,374 per year for 13 years, with the first payment occurring 1 year from now. If the required return is 8

Rom4ik [11]

Answer:

PV= $18,763.56

Explanation:

Giving the following information:

Annual payment (A)= $2,374

Number of payments= 13

Discount rate (i)= 8%

To calculate the present value, we need to use the following formula:

PV= A*{(1/i) - 1/[i*(1 + i)^n]}

PV= 2,374*{(1/0.08) - 1 / [(0.08*(1.08^13)}}

PV= $18,763.56

6 0

3 years ago

Before posting a payment of $5,000, the Accounts Payable of Senator Company has a normal balance

Kitty [74]

Answer:

21,000

Explanation:

Add 5,000 to your 16,000. I subtracted 1,000 from 16,000 to equal 15,000. Then, add 5,000 to your 15,000 to equal 20,000. Finally, add your 1,000 agian to equal 21,000.

6 0

3 years ago

Should stockholder wealth maximization be thought of as a long-term or a short-term goal? For example, if one action increases a

Alexxandr [17]

Answer:

Stockholder wealth growth should continuously be supposed of long term goal. It is in notice of shareholder or depositor that his prosperity continues to grow with smallest risk. Action which keeps stock at 20$ for numerous year and then increased to 40$ in year 5 is desirable as the wealth of the stockholder increases.

Sometime company capitalize in building dimensions so that it can yield more units of its product thus growing the sale. When the corporation is doing capex, stock price will remain stationary and as soon as its capex ends stock price will rise at fast pace.

5 0

4 years ago

The Mixing Department of Complete Foods had 62,000 units to account for in October. Of the 62,000 units, 38,000 units were compl

Harman [31]

Answer:

The total equivalent units of production are as follows:

For direct materials = 62,000 units

For conversion costs = 42,000 units

Explanation:

These can be computed by preparing statements of equivalent units as follows:

Statement of Equivalent Units (EU) (Weighted average)

For October

For Materials

Particulars Units (a) Complete (%) (b) EU (c = a * b)

Transferred 38,000 100% 38,000

Ending WIP 24,000 100% 24,000

Total 62,000  62,000 

Statement of Equivalent Units (EU) (Weighted average)

For October

For Conversion Costs

Particulars Units (a) Complete (%) (b) EU (c = a * b)

Transferred 38,000 100% 38,000

Ending WIP 24,000 20% 4,800

Total 62,000  42,000 

Conclusion

The total equivalent units of production are as follows:

For direct materials = 62,000 units

For conversion costs = 42,000 units

5 0

3 years ago

An income statement reports information over a period of time, indicating the financial progress of a business in earning a net

ch4aika [34]

Answer:

True

Explanation:

An income statement is among the three important financial statements that a business prepares at the end of every financial year. It is divided into three main sections of revenues, expenses, and income.

The revenue section lists all sources of revenues and any adjustments to obtain the net revenue. The expenses section shows all business expenses and their total. The income section is the difference between revenue and expenses. A positive income means the made profits, while a negative income indicates losses.

5 0

3 years ago