What is the term that slaves used for the voyage across the atlantic?

Ski West, Inc., operates a downhill ski area near Lake Tahoe, California. An all-day adult lift ticket can be purchased for $75.

Setler79 [48]

Answer:

a) It will accrue revenue through time. As in November 6th it has the obligation to keep the downhill ski open or return the cash

cash 405 debit

unearned reveue 405 credit

--to record sales of season pass--

unearned revenue 81 debit

service revenue 81 credit

--year-end adjustment for accrued revenue--

Income statetent

service revenue 81

Balance sheet

Liaiblities

unearned revneue 324

Explanation:

We must recognize revneue following the acounting pricniples of conservatisim and matching when the time at they occur.

405 is the cost for 5 months (Dec 1st to April 30th)

so 405 / 5 = 81 cost per month

At decmeber 31th we recognize 1 month

ANd this will be the value included in the income statement

8 0

3 years ago

Yasmine plans to attend a four-year public university. She expects she will need to contribute $9,000 annually to her education.

mojhsa [17]

It is D. There are 12 months in a year and she needs to save atleast 9,000.
600x12=7,200
350x24=8,400
225x36=8,100
200x48=9,600

7 0

3 years ago

Read 2 more answers

An oil company purchased 10,000 acres of land on January 1, 2015, for $5,000,000, on which it developed an underground oil site.

dexar [7]

Answer:

the depletion would be recorded is $1,575,000

Explanation:

The computation of the depletion would be recorded is shown below;

Cost of land $5,000,000

Investment on land $1,100,0000

Less: Residual value -$250,000

Depreciable value $15,750,000

Now the depletion should be

= ($15,750,000 ÷ 500,000) × 50,000

= $1,575,000

Hence, the depletion would be recorded is $1,575,000

8 0

3 years ago

Alex Karev has taken out a $ loan with an annual rate of percent compounded monthly to pay off hospital bills from his wife Iz

Tom [10]

Answer:

the question is incomplete, so I looked for a similar one:

<em>Alex Karev has taken out a $180,000 loan with an annual rate of 11% compounded monthly to pay off hospital bills from his wife Izzy's illness. If the most Alex can afford to pay is $3,500 per month, how long will it take to pay off the loan? How long will it take for him to pay off the loan if he can pay $4,000 per month?</em>

PVIFA = $180,000 / $3,500 = 51.42857

PVIFA = [1 - 1/(1 + i)ⁿ ] / i = [1 - 1/(1 + 0.11/12)ⁿ] / 0.11/12

51.42857 x 0.11/12 = 1 - 1/(1 + 0.11/12)ⁿ

0.47143 = 1 - 1/(1 + 0.11/12)ⁿ

1/(1 + 0.11/12)ⁿ = 1 - 0.47143 = 0.52857

1 / 0.52857 = (1 + 0.11/12)ⁿ

1.89189 = 1.009167ⁿ

n = log 1.89189 / log 1.009167 = 0.2769 / 0.003963 = 69.87

n = 69.87 months

PVIFA = $180,000 / $4,000 = 45

PVIFA = [1 - 1/(1 + i)ⁿ ] / i = [1 - 1/(1 + 0.11/12)ⁿ] / 0.11/12

45 x 0.11/12 = 1 - 1/(1 + 0.11/12)ⁿ

0.4125 = 1 - 1/(1 + 0.11/12)ⁿ

1/(1 + 0.11/12)ⁿ = 1 - 0.4125 = 0.5875

1 / 0.5875 = (1 + 0.11/12)ⁿ

1.70213 = 1.009167ⁿ

n = log 1.70213 / log 1.009167 = 0.23099 / 0.003963 = 58.29

n = 58.29 months

4 0

3 years ago

You recently purchased a stock that is expected to earn 10 percent in a booming economy, 4 percent in a normal economy, and lose

serious [3.7K]

Answer:

b. 3.70 percent

Explanation:

Expected rate of return of a stock, given probabilities, is calculated by summing up the product of probability of each state occurring by the expected return of the stock should that happen.

Expected rate of return = SUM (probability *return)

Boom;(probability* return) = (0.15* 0.10) = 0.015 or 1.5%

Normal ;(probability* return) = (0.70* 0.04) = 0.028 or 2.8%

Recession ; (probability* return) = (0.15* -0.04) = -0.006 or -0.6%

Next, sum up the expected return for each state of the economy to find the expected rate of return on this stock;

= 1.5% + 2.8% -0.6%

= 3.7%

Therefore, the correct answer is choice B.

4 0

3 years ago