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2 years ago

11

What is the present value of a series of payments received each year forever, starting with $1,000 paid one year from now and th

e payment growing in each subsequent year by 6%

1 answer:

Ivanshal [37]2 years ago

8 0

Answer:

Calculate PV of a 10-year annuity discounted at 6% interest rate; PV = $11,040.13.

Explanation:

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In a sales mix situation at any level of units sold net income will be higher if

ArbitrLikvidat [17]

In a sales mix condition at any level of units vended the net income will be higher if more higher contribution margin units are sold than lower contribution margin units. The sales mix is the comparative proportion in which a company vends its multiple goods. In addition, the contribution margin ratio is contribution margin separated by sales.

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3 years ago

5-When a local auto repair shop sponsors a local softball team, it is using the _____ element of the promotional mix.

mote1985 [20]

When a local auto repair shop sponsors a local softball team, it is using the public relations element of the promotional mix.

Public relations allows a company to create a good image with the public through relations and organizations they work with for the public to see. When the local auto repair shop sponsors a local softball team, they are not only advertising their name, but people are recognizing them as a company that gives back. By being active in their community they are building public relations.

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3 years ago

Suppose an individual makes an initial investment of $2,000 in an account that earns 8.4%, compounded monthly, and makes additio

Akimi4 [234]

Please answer please please thank you so

5 0

3 years ago

On September 3, 2018, the Robers Company exchanged equipment with Phifer Corporation. The facts of the exchange are as follows:

emmasim [6.3K]

Answer:

In Robers Company:

Debit Accumulated depreciation $75,000

Debit Equipment $72,500

Debit Cash $10,000

Credit Equipment $145,000

Credit Gain on exchange asset $12,500

In Phifer Corporation

Debit Accumulated depreciation $83,000

Debit Equipment $82,500

Debit Loss on exchange asset $9,500

Credit Cash $10,000

Credit Equipment $165,000

Explanation:

In Robers Company:

Book value of the equipment = $145,000 - $75,000 = $70,000

Fair value of the equipment: $82,500 > Book value

The company will record gain on exchange:

Debit Accumulated depreciation $75,000

Debit Equipment $72,500

Debit Cash $10,000

Credit Equipment $145,000

Credit Gain on exchange asset $12,500

In Phifer Corporation

Book value of the equipment = $165,000 - $83,000 = $82,000

Fair value of the equipment: 72,500 < Book value of the equipment

The company will record loss on exchange:

Debit Accumulated depreciation $83,000

Debit Equipment $82,500

Debit Loss on exchange asset $9,500

Credit Cash $10,000

Credit Equipment $165,000

5 0

4 years ago

Income statement information for Einsworth Corporation follows: Sales $1,500,000 Cost of goods sold 900,000 Gross profit 600,000

Semenov [28]

Answer:

A vertical analysis income statement uses Sales as a base and makes everything else a percentage of sales.

Vertical Analysis Statement

Amount Percentage

Sales $1,500,000 100%

Cost of Goods sold ($900,000) 60%

Gross Profit $600,000 40%

Cost of Goods sold percentage = 900,000 / 1,500,000

= 60%

Gross Profit percentage = 600,000 / 1,500,000

= 40%

6 0

3 years ago