Answer:
$13,739.13
Explanation:
To determine the amount that Jackson borrowed today, we have to find the present value of $16,700
PV = FV (1 + r)^-n
FV = Future value
P = Present value
R = interest rate
N = number of years
$16,700 (1.05)^-4 = $13,739.13
I hope my answer helps you
Answer:
No Journal entries will be required in either instance. But a note to the financial statement would be appropriate in explaining the declining stake in Marmon Inc.
Explanation:
A. Total share valuation was $1,000,000. ($900,000 + $110,000) which is made up of Albuquerque's holdings and the non controlling interests. This is equivalent holding of 89% by Albuquerque.
*the investment would have been recognized at cost to Albuquerque at $900,000.
But when Marmon sold additional 10,000 shares the interest reduces to 63%
*This wouldn't necessitate any journal entry by Albuquerque as a result of the additional issues of shares but the % stake in Marmon would show to have reduced as a note in its financial records.
And when a further 2,000 was issued Albuquerque stake drops to 61%
* Again this wouldn't necessitate any journal entry by Albuquerque as a result of the additional issues of shares but the % stake in Marmon would show to have reduced as a note in its financial records.
As mentioned the alley was dark. So it is possible that there was someone else at the crime scene and the witness is mistaken to be that man. It is quite possible to see someone in the dark and mistaken them for someone else. As the alley was dark, eye witness testimony is not reliable.
The eyewitness doesn’t have any evidence whereas my client has an alibi and he was not present at the crime scene. Even if my client was standing near the boy it doesn’t prove that he killed someone.
Answer:
For material = 10,500 units
For conversion = 9,100 units
Explanation:
The computation of the equivalent units of production for both materials and conversion costs is shown below:-
For material = Units completed and transferred to the next department + (Work in process × Material work in progress percentage
= 8,400 + (2,800 × 75%)
= 8,400 + 2,100
= 10,500 units
For conversion = Units completed and transferred to the next department + (Work in process × Conversion work in progress percentage
= 8,400 + (2,800 × 25%)
= 8,400 + 700
= 9,100 units
Therefore we have computed the equivalent units of production for both materials and conversion costs by applying the above formula.