Answer:
Explanation:
(1)
FV = PV x (1 + r)^N
FV = $75,000
PV = $35,000
r = 8%
75,000 = 35,000 x (1.08)^N
(1.08)N = 2.1429
N ln 1.08 = ln 2.1429
N = ln 2.1429 / ln 1.08 = 0.33 / 0.033 = 10 years
(2)
FV = Annual payment, A x PVA
FV = $43,700
n = 6 years
A = 8,000
43,700 = 8,000 x PVA
PVA = 5.4625
PVIFA (6 years, r%) = 5.4172
r=3%.
(3)
PV = Annual payment, A x PVIFA (r%, n years)
PV = $18,000
n = 6 years
r = 9%
$18,000 = A x PVIFA (9%, 6 years) = A x 4.4859 [From PVIFA table]
A = $18,000 / 4.4859 = $4,012.57
Here are the complete sentences:
The main purpose is to benefit the PUBLIC, so the directors must consider the impacts of their decisions on society and the ENVIRONMENT. Shareholders have an additional right to private action called a DERIVATIVE SUIT, that allow them to sue the corporation for failure to pursue the purpose. Finally, benefit corporations must issue an annual BENEFIT REPORT on its performance and include a third party standard of assessment.
Explanation:
A Benefit corporation refers to a type of corporation that is established to create value for both the society and the environment in which it is located. Although, one of the goal of the company is to make profits, it differs from a traditional corporation because, it is main purpose it to add value and provide benefits for those that are connected to it.
Thus, the major purpose of a benefit corporation is to add values to the public and the environment. In order to ensure that this goal is kept in view, the corporation has to publish benefit report every year, in order to show their performance and their adherence to the company goals. The report must be endorsed by a third party in order to show that its contents are true and accurate.
Learn more about corporation on: brainly.com/question/12293968.
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Answer:
Part 1
Revised depreciation expense = $32,000
Part 2
The entry to record depreciation expense :
Debit : Depreciation Expense $32,000
Credit : Accumulated Depreciation $32,000
Explanation:
Straight line method charges a fixed depreciation charge over the year of use of an asset.
<em>Depreciation expense = (Cost - Salvage Value) ÷ Estimated Useful Life</em>
2021
Depreciation expense = $80,000
2022
Old Depreciation expense = $80,000
New Depreciation expense = Depreciable Amount ÷ Remaining Useful Life
= ($240,000 - $80,000) ÷ 5
= $32,000
The demand for ben & jerry's ice cream will likely be more price elastic than the demand for dessert.
<h3>What is the elasticity of Demand?</h3>
When all other conditions are equal, the elasticity of demand is a concept in economics that quantifies how responsive consumers are to shifts in the quantity desired as a result of a price adjustment. In other words, it demonstrates the number of things consumers are willing to buy as the cost of those products rises or falls.
By dividing the percentage change in quantity by the percentage change in price during a specific period, the elasticity of the demand formula is computed. It appears as follows:
Elasticity is defined as % change in quantity / % change in price.
The quantity demanded as a result of a percentage change in a product's price is hence the measure of demand elasticity. Demand can be elastic or inelastic depending on whether products' demand is more responsive to price fluctuations. When a product's demand is flexible, the desired quality is extremely responsive to price variations. When a product's demand is rigid, the desired quality does not adapt well to price variations.
Therefore, The demand for ben & jerry's ice cream will likely be more elastic than the demand for dessert.
For more information on the elasticity of demand, refer to the following link:
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