Parkman Sporting Goods is preparing its annual report for its 2021 fiscal year. The company’s controller has asked for your help in determining how best to disclose information about the following items: Required: Indicate whether the above items should be disclosed (A) in the summary of significant accounting policies note, (B) in a separate disclosure note, or (C) on t
Answers
Answer:
Entries disclosed in the summary of significant accounting policies note as the term implies, have to do with the accounting method a company uses to calculate certain metrics.
Entries that are not shown in the financial statements but are however important to know, will be put in a separate disclosure note.
1. A related-party transaction. B
Important but cannot be put into the financial statements so will go to a separate disclosure note.
2. Depreciation method. - A
Has to do with an accounting method used so will go to the significant accounting policies notes.
3. Allowance for uncollectible accounts. - C
Goes to balance sheet to reduce Accounts Receivables.
4. Composition of investments. - B
Another important information that does not go into financial statement so will go to separate disclosure.
5. Composition of long-term debt. - B
Important but not in financial statement. Separate disclosure.
6. Inventory costing method. - A
Shows accounting method used so will go to significant policies notes.
7. Number of shares of common stock authorized, issued, and outstanding. - C
Equity section of Balance sheet.
8. Employee benefit plans. - B
Important but not in financial statement. Separate disclosure.
Related Questions
Following is the income statement information from Apollo Medical Devices.
($ in thousands) 2020
Net sales $4,163,770
Cost of sales before special charges 1,382,235
Special inventory obsolescence charge 27,876
Total cost of sales 1,410,111
Gross profit 2,753,659
Selling, general and admin expense 1,570,667
Research and development expense 531,086
Merger and acquisition costs 46,914
In-process research and development charges 12,244
Litigation settlement 16,500
Operating profit 576,248
Interest expense (57,372)
Interest income 2,076
Gain on disposal of fixed assets 4,929
Impairment of marketable securities (5,222)
Other income (expense), net (2,857)
Earnings before income taxes 517,802
Income tax expense 191,587
Net earnings $326,215
Required: Identify the components that we would consider operating.
Answers
Answer:
$ in thousands) 2020
Net sales $4,163,770
Cost of sales before special charges 1,382,235
Special inventory obsolescence charge 27,876
Total cost of sales 1,410,111
Gross profit 2,753,659
Selling, general and admin expense 1,570,667
Research and development expense 531,086
Explanation:
Please answer thank you !!!
Answers
) You are a manager for a large company that sells products and sources materials internationally. A new competitor has entered the market. It had been determined that to differentiate your company from similar companies, you will need to start competing on sustainability as well. What does sustainability mean to your firm, and what might you look to implement in the future
Answers
Explanation:
Companies are entities that can cause potential damage to the environment, by using scarce natural resources and by the way of production, which can release pollutants into the atmosphere, etc.
Organizational sustainability, therefore, means joining the organization's efforts to reduce its negative environmental impacts and protect the location in which the company operates.
A good option for companies that want to implement sustainability in their processes is to look for environmental certifications that provide specific requirements and policies for companies to reduce their impacts and generate continuous improvement, such as the implementation of an Environmental Management System.
Corporate sustainability can mean long - term strategic and competitive advantages such as reducing waste, increasing the company 's value and reliability, attracting investors, satisfying stakeholders, etc.
Andriana Rodriguez is applying for a loan. As she is filling out the paperwork, she comes across a question about her age, which Andriana does not fill in.
Which consumer protection law best supports Andriana's decision to leave this field blank?
- the Equal Credit Opportunity Act (ECOA)
- the Home Mortgage Disclosure Act (HMDA)
- the Truth in Lending Act (TILA)
- the Truth in Savings Act (TISA)
Answers
Answer:
ECOA
Explanation:
ECOA Prohibits discrimination based on age (provided they have the capacity to contract)
Apr. 2 Purchased $4,600 of merchandise from Lyon Company with credit terms of 2/15, n/60, invoice dated April 2, and FOB shipping point.
3 Paid $300 cash for shipping charges on the April 2 purchase.
4 Returned to Lyon Company unacceptable merchandise that had an invoice price of $600.
17 Sent a check to Lyon Company for the April 2 purchase, net of the discount and the returned merchandise.
18 Purchased $8,500 of merchandise from First Corp. with credit terms of 1/10, n/30, invoice dated April 18, and FOB destination.
21 After negotiations, received from Frost a $500 allowance toward the $8,500 owed on the April 18 purchase.
28 Sent check to Frist paying for the April 18 purchase, net of the allowance and the discount.
Required:
Prepare journal entries to record the above transactions for a retail store. Assume a perpetual inventory system.
Answers
Answer:
Apr-02
Dr Purchase $ 4,600
Cr Accounts payable-Lyon $ 4,600
Apr-03
Dr Transportation - in $ 300
Cr Cash $ 300
Apr-04
Dr Accounts payable-Lyon $ 600
Cr Purchase returns & Allowances $ 600
Apr-17
Dr Accounts payable-Lyon $ 4,000
Cr Purchase discount$ 80
Cr Cash $ 3,920
Apr-18
Dr Purchase $ 8,500
Cr Accounts payable-Frist corp. $ 8,500
Apr-21
Dr Accounts payable-Frist corp. $ 500
Cr Purchase returns & Allowances $ 500
Apr-28
Dr Accounts payable-Frist $8,000
Cr Purchase discount$ 160
Cr Cash $7,840
Explanation:
Preparation of the journal entries to record the above transactions for a retail store. Assume a perpetual inventory system.
Apr-02
Dr Purchase $ 4,600
Cr Accounts payable-Lyon $ 4,600
(Being To record purchase merchandise from Lyon company )
Apr-03
Dr Transportation - in $ 300
Cr Cash $ 300
(Being To record shipping charges paid on above purchase )
Apr-04
Dr Accounts payable-Lyon $ 600
Cr Purchase returns & Allowances $ 600
(Being To record purchase return to Lyon company )
Apr-17
Dr Accounts payable-Lyon $ 4,000
($4,600 -$600)
Cr Purchase discount$ 80
{($4600 - $600)* 2% }
Cr Cash $ 3,920
($ 4,000 -$ 80 )
(Being To record cash paid to Lyon company for above purchase )
Apr-18
Dr Purchase $ 8,500
Cr Accounts payable-Frist corp. $ 8,500
(Being To record purchase merchandise from Frist corp. )
Apr-21
Dr Accounts payable-Frist corp. $ 500
Cr Purchase returns & Allowances $ 500
(Being To record received allowance on above purchase)
Apr-28
Dr Accounts payable-Frist $8,000
($8,500 -$500)
Cr Purchase discount$ 160
{($8,500 -$500)*2%}
Cr Cash $7,840
($ 8,000 -$ 160 )
(Being To record cash paid to Frist corp. for above purchase )
Crane Company, a computer services company, entered into these transactions during May 2017, its first month of operations.
1. Stockholders invested $32,000 in the business in exchange for common stock of the company.
2. Purchased computers for office use (recorded as Equipment) for $26,600 from Ladd on account.
3. Paid $5,500 cash for May rent on storage space.
4. Performed computer services worth $18,400 on account.
5. Performed computer services for Wharton Construction Company for $5,300 cash.
6. Paid Western States Power Co. $8,500 cash for energy usage in May.
7. Paid Ladd for the computers purchased in (2).
8. Incurred advertising expense for May of $1,800 on account.
9. Received $10,200 cash from customers for contracts billed in (4).
Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to revenues or expenses in the far right column.
Assets Liabilities Stockholders Equity
Cash + Accounts + Equipment = Accounts + Common + Retained Earnings
Receivable Payable Stock Revenue Expenses
Answers
Using the following tabular analysis to show the effect of each transaction on the accounting equation is as follows:
Assets = Liabilities + Stockholders Equity
No. Cash + Accounts + Equipment = Accounts + Common + Retained
Receivable Payable Stock Earnings
Revenue Expenses
1. $32,000 $32,000
2. $26,600 $26,600
3. -$5,500 -$5,500
4. $18,400 $18,400
5. $5,300 $5,300
6. -$8,500 -$8,500
7. -$26,600 -$26,600
8. $1,800 -$1,800
9. $10,200 -$10,200
$6,900 $8,200 $26,600 $1,800 $32,000 $23,700 -$15,800
Summary of transactions:Total Assets = $41,700 ($6,900 + $8,200 + $26,600)
Liabilities = $1,800
Common Stock = $32,000
Net Income = $7,900 ($23,700 -$15,800)
Total liabilities and equity = $41,700
Transaction Analysis:1. Cash $32,000 Common stock $32,000
2. Equipment $26,600 Accounts Payable (Ladd) $26,600
3. Rent expenses $5,500 Cash $5,500
4. Accounts Receivable $18,400 Service Revenue $18,400
5. Cash $5,300 Service Revenue $5,300
6. Utility expense $8,500 Cash $8,500
7. Accounts Payable (Ladd) $26,600 Cash $26,600
8. Advertising Expense $1,800 Accounts Payable $1,800
9. Cash $10,200 Accounts Receivable $10,200
Thus, the accounting equation remains in the balance after each transaction.
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Pamela, the manager of an electronics store in California, has redesigned the jobs of her sales staff so that they have the authority to resolve customer complaints without first getting the approval from management. (In the past, sales staff did not have the authority to issue refunds or replace merchandise). Which job design technique does this represent
Answers
Answer:
Job enrichment
Explanation:
Job enrichment is defined a a way of working in an organisation where the individual is motivated to employ their skill in solving problems and working with clients.
In this system employees have some autonomy on how to resolve customer problem.
Thereby fostering accountability and sense of responsibility non the staff.
In the given scenario sales staff now have have the authority to resolve customer complaints without first getting the approval from management.
This is Jobe enrichment strategy.
On January 1, 2019, the balance in Kubera Co.'s Allowance for Bad Debts account was $1,150. During the year, a total of $3,655 of delinquent accounts receivable was written off as bad debts. The unadjusted balance in the Allowance for Bad Debts account at December 31, 2019, was $1,450. Required: a. What was the total amount of bad debts expense recognized during the year
Answers
Answer:
$3,955
Explanation:
Bad debts are debts owned to a business whose likelihood of collection is not guaranteed.
Debit
Particulars Amount
Debtors. $3,655
Balance c/f. $1,450
Total $5,105
Credit
Particulars. amounts
Balance b/f $1,150
Bad debts. $3,955
Total. $5,105
Therefore, the amount of bad debts recognized during the year is $3,955
fter 15 years of employment in the airline industry, John started his own consulting company to use physical and computer simulation in the analysis of commercial airport accidents on runways. He estimates his average cost of new capital at 8% per year for physical simulation projects, that is, where he physically reconstructs the accident using scale versions of planes, buildings, vehicles, etc. He has established 17% per year as the MARR. What net rate of return on capital investments for physical simulation does he expect
Answers
Answer:
The answer is "9%".
Explanation:
Please find the complete question in the attached file.
The formula for calculating the net return rate:
[tex]\to \text{Net return rate= MARR - Capital Cost}[/tex]
[tex]= 17\% - 8\% \\\\= 9\%[/tex]
Therefore, the net return rate is 9%.
does anyone know the accounting cycle???
Answers
Act Now!, an organization devoted to voting rights, applied for a permit to protest the closing of polling places in poor neighborhoods. Genevieve, the head of the organization, wanted the protest to be on the lawn of the county courthouse. The county denied the permit on grounds that it would prevent people from accessing the courthouse. If Act Now! challenges this action in court, it will be reviewed by the judge using:___________
a) strict scrutiny.
b) rational basis scrutiny.
c) intermediate scrutiny.
d) no particular form of scrutiny (none is required in this situation)
Answers
Answer:
c) intermediate scrutiny.
Explanation:
In this particular scenario this will be reviewed by the judge using intermediate scrutiny. In this review the court will decide whether or not the case helps the government and/or the people in any way. The court case interests must further the interests of the government or people in the same way for it to pass the review. If the court case passes the review it will be reassessed and may be voted upon differently depending on the other details at hand.
In 2019, Mr. Smith purchased a principal residence for $1,500,000. He made a down payment of $300,000 and financed the remainder by borrowing $1,200,000 through a loan secured by the residence. In 2019, Mr. Smith paid interest that accrued on the indebtedness during that year. He had no other debt secured by the residence. May he deduct the entire amount of interest which was paid on the home loan
Answers
Answer:
Following are the solution to the given question:
Explanation:
Article 163(a) enables with all interest charged as well as accumulated throughout the obtainable year as rationale. On something like a duty. Not from having to stand, area 163(h)(1) for individuals continues to refuse an inference.
Definitely competent house involvement is not really a person under Segment 163(h)(2)(D). In Section 163(h)(3)(a) characterizes skilled optimism even though paid or charged interest. Recovering for a guaranteeing responsibility or house price responsibility guaranteed by taxable year Each consumer's competent going to dwell.
Even though optimism for both the supply chain responsibility under sentence 163(h)(3), a public servant may deduct (B) Accrued interest on 1,000,000 of the 1200,000 bond that used highlight the entire living in 2009 Agreement. In getting a competent living situation, the 1200,000 responsibility has been obtained Taxpayer as well as living agreements have been secured. In the this way: 1,000,000 is obligatory Obtained under 163(h)(3) as a supply chain obligation (B).
Assume that the risk-free rate of interest is 3% and the expected rate of return on the market is 15%. I am buying a firm with an expected perpetual cash flow of $2,000 but am unsure of its risk. If I think the beta of the firm is 0.8, when in fact the beta is really 1.6, how much more will I offer for the firm than it is truly worth
Answers
Answer:
The correct solution is "$6,564.01". A further solution is given below.
Explanation:
The given values are:
beta,
= 1.6
market return,
= 15%
cash flow,
= $2,000
risk free rate of interest,
= 3%
Now,
The stock return will be:
= [tex]3+ 1.6\times (15-3)[/tex]
= [tex]3+ 1.6\times 12[/tex]
= [tex]22.2 \ percent[/tex]
The actual worth of the firm will be:
= [tex]\frac{cash \ flow}{rate \ of \ return}[/tex]
= [tex]\frac{2000}{22.2 \ percent}[/tex]
= [tex]\frac{2000}{0.222}[/tex]
= [tex]9,009[/tex]
With 0.8 beta, the stock return will be:
= [tex]3+ 0.8\times (15-3)[/tex]
= [tex]3+ 0.8\times 12[/tex]
= [tex]12.6 \ percent[/tex]
So that I'm paying for the firm,
= [tex]\frac{2000}{12.6 \ percent}[/tex]
= [tex]\frac{2000}{0.126}[/tex]
= [tex]15,573.01[/tex] ($)
Hence,
I'm paying,
= [tex]15,573.01-9,009[/tex]
= [tex]6,564.01[/tex] ($)
AccuBlade Castings Inc. casts blades for turbine engines. Within the Casting Department, alloy is first melted in a crucible, then poured into molds to produce the castings. On May 1, there were 230 pounds of alloy in process, which were 60% complete as to conversion. The Work in Process balance for these 230 pounds was $32,844, determined as follows:
Direct materials (230 x $132)$30,360
Conversion (230 x 60% x $18)2,484 $32,844
During May, the Casting Department was charged $350,000 for 2,500 pounds of alloy and $19,840 for direct labor. Factory overhead is applied to the department at a rate of 150% of direct labor. The department transferred out 2,530 pounds of finished castings to the Machining Department. The May 31 inventory in process was 44% complete as to conversion.
a. Prepare the following May journal entries for the Casting Department:
1. The materials charged to production
2. The conversion costs charged to production
3. The completed production transferred to the Machining Department
b. Determine the Work in Process—Casting Department May 31 balance.
c. Compute and evaluate the change in the costs per equivalent unit for direct materials and conversion from the previous month (April).
Answers
Answer:
AccuBlade Castings Inc.
Casting Department
a. Journal Entries for:
1. The materials charged to production:
Debit WIP $350,000
Credit Raw materials $350,000
To record the cost of materials charged to production.
2. The conversion costs charged to production:
Debit WIP $49,600
Credit Direct Labor $19,840
Credit Manufacturing overhead $29,760
3. Debit Machining Department $402,827
Credit WIP $402,827
To record the transfer of completed units to the machining department.
b. Work-in-Process - Casting Department balance = $29,616
c. The change in the costs per equivalent unit for direct materials and conversion from April:
Direct Materials Conversion
April cost per equivalent unit $132.00 $18.00
May cost per equivalent unit $139.33 $19.89
Change in cost per equivalent unit $7.33 increase $1.89 increase
The cost per equivalent unit increased in both direct materials and conversion for May when compared to April's.
Explanation:
a) Data and Calculations:
Units
Beginning WIP 230
Started 2,500
Transferred 2,530
Ending WIP 200
Equivalent units of production:
Units Direct Materials Conversion
Transferred 2,530 2,530 (100%) 2,530 (100%)
Ending WIP 200 200 (100%) 88 (44%)
Total equivalent unit 2,730 2,618
Cost of production:
Direct Materials Conversion Total
Beginning WIP$30,360 (230*$132) $2,484 (230*60%*$18) $32,844
Started 350,000 (2,500*$140) 49,600 (2,500*$19.44) 399,600
Total costs $380,360 $52,084 $432,444
Cost per equivalent unit:
Direct Materials Conversion
Total costs $380,360 $52,084
Equivalent units 2,730 2,618
Cost per equivalent unit $139.33 $19.89
Allocation of production costs:
Direct Materials Conversion Total
Units transferred out $352,505(2,530*$139.33) $50,322 (2,530*$19.89) $402,827
Ending WIp 27,866(200*$139.33) $1,750 (88*$19.89) $29,616
Total costs $380,371 $52,072 $432,443
The NPV and IRR method occasionally do not agree on accept/reject decisions when evaluating an investment proposal.
True or False?
Answers
I remember seeing that question before and I got the anwser correct.
The NPV and IRR method occasionally do not agree on accept/reject decisions when evaluating an investment proposal. The given statement is False.
Why positive NPV should be accepted?A project or venture has a positive NPV if the estimated earnings, discounted for their present value, are more than the anticipated costs, also expressed in today's currency. A positive NPV indicates an investment that is likely to be successful. Net loss will arise from an investment with a negative NPV.
The total of the investment's anticipated cash inflows and outflows, discounted back to their present value at a risk-adjusted rate, is known as the net present value. Project acceptance is granted if the NPV exceeds $0. The project is turned down in any other case.
Thus, the given statement is False.
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If you owned a business what would be the way to protect your personal assets from liablity?
Answers
Answer:
When you form an LLC, you establish a new business entity that's legally separate from its owners. This separation provides what is called limited liability protection. As a general rule, if the LLC can't pay its debts, the LLC's creditors can go after the LLC's bank account and other assets.Sep 4, 2020
Which activity is an example of differentiated marketing? A. An automobile company promotes small family cars and sports utility vehicles to a specific demographic. B. A retailer promotes commodities such as coffee, sugar, and bread to everyone who shops at the store. C. A local business distributes promotional cards to the community. D. A travel business sends advertisements to its current and past customers. E. An insurance company offers its products to everyone in Kansas.
Answers
Answer: A. An automobile company promotes small family cars and sports utility vehicles to a specific demographic.
Explanation:
Differentiated marketing is a form of marketing that occurs when the advertisement that is done by a particular company appeals to some particular target audiences or segments. Thus is usually done by the company to get ire customers and also enhance the brand awareness.
In this case, the activity that is an example of differentiated marketing will be option A. "An automobile company promotes small family cars and sports utility vehicles to a specific demographic".
What do externalities indicate?
a. resource immobility
b. a market failure
c. a lack of information
d. public goods
Answers
Answer:
They indicate B. A market failure
Biarritz Corp. is growing quickly. Dividends are expected to grow at a rate of 30 percent for the next three years, with the growth rate falling off to a constant 7 percent thereafter. The required return is 13 percent and the company just paid a dividend of $2.60. What are the dividends each year for the next four years
Answers
Answer:
current dividends are $2.60
in one year, the dividends will be = $2.60 x 1.3 = $3.38
in two years, the dividends will be = $3.38 x 1.3 = $4.39
in three years, the dividends will be = $4.944 x 1.3 = $5.71
in four years, the dividends will be = $5.7122 x 1.07 = $6.11
during the next 3 years, dividends grow at 30%, but the during the fourth year they will only grow at 7%
Answer and I give u brainliest and extra pts
Answers
Answer:
b
Explanation:
[Related to Solved Problem 3.1B] In 2015, the Washington Nationals baseball team signed pitcher Max Scherzer to a contract to play for them for seven years. He would be paid $15 million dollars per year for 14 years—an additional 7 years beyond the end of the time he would be committed to play for the Nationals. The contract was widely reported as being worth $210 million (or $15 million per year×14 years). One baseball writer argued, though, that "this deal serves as a nice reminder that the payment terms of a deal can have an impact on the actual value of the contract." Source: Dave Cameron, "Max Scherzer and When $210 Million Isn't $210 Million," fangraphs, January 19, 2015. Which of the following statements best represents the actual value of the contract? A. The actual value of the contract is more than $30 million for each year he plays. B. Scherzer's contract is worth $210 million on the day he signs it. C. The actual value of the contract is less than $30 million for each year he plays. D. The actual value of the contract is $30 million for each year he plays. Assume for simplicity that Scherzer receives his $15 million per year salaries for 2018, 2019, and 2020 at the end of each calendar year. The interest rate for this period of time is 7%. The present value of the salaries he will receive for these three years on January 1, 2018 is approximately A. $41.9 million. B. $45 million. C. $36.7 million. D. $39.4 million.
Answers
One problem with using market values to measure GDP is that A. some useful goods and services are not sold in markets. B. you cannot compare completely heterogeneous goods by using their dollar values. C. prices for some goods change every year. D. market values of exported goods are usually priced in foreign currencies.
Answers
Answer:
C. prices for some goods change every year.
Explanation:
The reason why the real GDP (GDP adjusted to inflation) is a much better economic index than nominal GDP is that prices change over time, even if the quantities produced do not. It is actually possible for nominal GDP to increase even if total production output decreases due solely to high inflation rates.
Help ASAP!!
1. Are you interested in being an entrepreneur?
2. Which habits do you do already?
3. Which habits would you like to adopt? Explain.
Answers
Answer: See explanation
Explanation:
An entrepreneur is someone who creates a business in order for the person to make profit. We should note that the person also bears the risk that are involved in the business.
1. Are you interested in being an entrepreneur?
I am interested in being an entrepreneur. Being an entrepreneur will aid the economic growth and development of the country and also enhance the standard of living of the people which works with me.
2. Which habits do you do already?
Some of the habits I already do from the picture include:
• Giving a head start to tomorrow today.
• Tracking my origress
• Continuing learning
• Tracking my progress.
• Refreshing my self with quality family time.
3. Which habits would you like to adopt?
Some of the habits that I'll like to adopt include:
• Keeping the morning for the toughest jobs.
• Workout and meditate
On August 13, 2016, Bonita Services Co. purchased office equipment for $1390 and office supplies of $230 on account. Which of the following journal entries is recorded correctly and in the standard format? a. Equipment 1390 Supplies 230 Accounts Payable 1620 b. Accounts Payable 1620 Equipment 1390 Supplies 230 c. Equipment 1390 Supplies 230 Accounts Payable 1620 d. Equipment 1390 Account Payable 1620 Supplies 230
Answers
Answer:
a. Equipment 1390 Supplies 230 Accounts Payable 1620
Explanation:
Based on the information given if On August 13, 2016 the Company purchased office equipment for the amount of $1390 and office supplies of the amount of $230 on account. The journal entries that is recorded correctly and in the standard format will be :
Dr Equipment $1,390
Dr Supplies$230
Cr Accounts Payable $1,620
($1,390+$230)
Question 4 of 10
Which budget strategy will reduce a country's national debt the most?
A. Raising taxes while lowering spending
B. Lowering both taxes and spending
C. Lowering taxes while raising spending
D. Raising both taxes and spending
Answers
Answer: raising taxes while lowering spending
Explanation: I just got it right on A p e x
Investment X offers to pay you $5,200 per year for eight years, whereas Investment Y offers to pay you $7,300 per year for five years. Calculate the present value for Investment X and Y if the discount rate is 5 percent. (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16))
Present value Investment X $ Investment Y $ Calculate the present value for Investment X and Y if the discount rate is 15 percent. (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16))
Answers
Answer:
Results are below.
Explanation:
Giving the following information:
Investment X:
Annual payment= $5,200 per year for eight years
Investment Y;
Annual payment= $7,300 per year for five years
Discount rate= 15%
To calculate the present value, first, we determine the future value. Then the present value.
FV= {A*[(1+i)^n-1]}/i
A= annual payment
PV= FV/(1+i)^n
Investment X:
FV= {5,200*[(1.15^8) - 1]} / 0.15
FV= $71,379.46
PV= 71,379.46/1.15^8
PV= $23,334.07
Investment Y:
FV= {7,300*[(1.15^5) - 1]} / 0.15
FV= $49,219.38
PV= 49,219.38/1.15^5
PV= $24,470.73
Summarise the following passage in on more than 60w words and supply an appropriate title:every second,1 hectare of the world's rainforest is destroyed.thats equivalent to two football fields,an area the size of new York city is lost every day.in a year,that adds up to 31 million hectares-more than the land area of poland.this alarming rate of destruction has serious consequences for the environment, scientists estimate, for example, that 137 species of plant,insect or animal become extinct every day due to logging. In British Columbia, where,since become extinct, and the habitats of grizzly bears,wolves and many other creatures are threatened. Logging, however,provides jobs,profits, taxes for the government and cheap products of all kinds for consumers, so the government is reluctant to restrict or control it.
Answers
Answer:
I don't know...
Explanation:
I'm sorry...............
You would like to purchase a home and are interested to find out how much you can borrow. When your lender calculates your debt to income ratio, he determines that your maximum monthly payment can be no more than $3,200. You would like to have a 30 year fully- amortizing loan and the interest rate offered on such a loan is currently 5%. Given these constraints, what is the largest loan you can obtain?
Answers
Answer:
When Your Lender Calculates Your Debt To Income Ratio, He Determines That Your Maximum Monthly Payment Can Be No More Than $3,200.
Stevens placed an ad in a literary magazine offering $7,400 for a complete set of Vacation in Paradise, a five volume set. Adams, who was not aware of the offer, gave to Stevens four volumes of the Vacation in Paradise set as a birthday present. Adams was informed of the offer at some point, obtained the missing volume, brought the volume to Stevens and requested the $7,400 payment. Stevens refused. If Adams sues, will he prevail
Answers
Answer:
Yes he will prevail because the advert placed is a unilateral contract
Explanation:
A unilateral contract is one that has only one promisor who receives a promise for his from the offeror. It is usually settlement for a particular service or product.
On the other hand bilateral agreement has both parties as the promisor and offeror. Meaning both of them have conditions that must be fulfilled in the contract by the other person.
In the given instance Stevens placed an ad in a literary magazine offering $7,400 for a complete set of Vacation in Paradise, a five volume set.
Any service short of this can be viewed as a failure in the contract.
Adams gave to Stevens four volumes of the Vacation in Paradise set as a birthday present. Adams was informed of the offer at some point, obtained the missing volume, brought the volume to Stevens.
Since Adams had not initially satisfied conditions set by Stevens, Stevens can refuse to make the $7,400 payment
Banks use a large percentage of their checkable deposits for the purpose of __________.
A.
paying interest
B.
giving loans
C.
employee salaries
D.
maintaining reserves
Answers
Answer:
the answer is D.
Maintaining reserves