Insolvency occurs when liabilities far exceed available assets.

Pronghorn invested $270000 she received from her grandmother today in a fund that is expected to earn 6% per annum. To what amou

zzz [600]

Answer:

FV= $362,857.42

Explanation:

Giving the following information:

Initial investment (PV)= $270,000

Number of periods (n)= 5*2 = 10 semesters

Interest rate (i)= 0.06/2 = 0.03

To calculate the future value (FV), we need to use the following formula:

FV= PV*(1+i)^n

FV= 270,000*(1.03^10)

FV= $362,857.42

4 0

2 years ago

PA12. LO 5.4Complete this production cost report:

Lubov Fominskaja [6]

Using weighted average method

Statement of equivalent units

Material Conversion

Units Units

Units transferred out 70,000 70,000

Add: Closing work-in-progress 25,000 6,250

Average divisor  95,000  76,250

Computation of cost per unit

Material Conversion

$ $

Cost of beginning work-in-progress 3,500 16,000

Cost added 25,000 45,000

Total cost  28,500  61,000

Material cost per unit = $28,500

95,000 units

= $0.30 per unit

Conversion cost per unit = $61,000

76,250 units

= $0.80 per unit

Value of units transferred out

Material = 70,000 x $0.30 = $21,000

Conversion = 70,000 x $0.80 = $56,000

Value of closing work-in-progress

Material = 25,000 x $0.30 = $7,500

Conversion = 6,250 x $0.80 = $5,000

Explanation:

In this case, we will obtain the average divisor by adding the ending work-in-progress to the units transferred out. Then, we will determine the total cost of material and conversion ,which is the aggregate of cost of opening work-in -progress and cost added during the year. We also need to obtain the unit cost of material and conversion, which is total cost of material and conversion divided by the average divisor.

Finally, we will value the units transferred out and ending work-in-progress at unit cost of material and conversion.

8 0

2 years ago

Which is the new crime created by Sarbanes-Oxley? a. mail fraud b. obstruction of justice c. certification of false financial st

meriva

Answer:

The correct answer is letter "C": certification of false financial statements.

Explanation:

The Sarbanes-Oxley Act (SOX) is a statute that aims to increase corporate governance and enhance internal control of companies. SOX's primary purpose is to protect stakeholders from false corporate financial statement representations. Investors must know that the financial information on which they rely is accurate and that their accuracy has been checked by an independent third party.

Altering, destroying, covering-up or falsifying information in the financial statements of a firm is considered a crime since the SOX implementation with a maximum sentence of 20 years.

3 0

2 years ago

Twenty percent of the employees of abc company use direct deposit and have their wages sent directly to the bank. assume we rand

abruzzese [7]

1 in 5 of the sample employees use direct deposit

3 0

3 years ago

I need nitro gold. plz, donate to nitro type user DeckertheBEAST. don't answer for the points. GUYS I'M IN NEED. Thanks for thos

katrin2010 [14]

Answer:

whats that? ._.

Explanation: