Determine the present value, P, you must invest to have the future value, A, at simple interest rate r after time t. Round answer to the nearest dollar. A = $2140

Q: ered either a simple interest note or a simple discount the effective interest rate. not round…

A: Effective Interest Rate - The rate of interest that can be paid or earned in a year after taking the…

Q: Cooper Corporation makes bicycles. For many years, Cooper has made the rear wheel assembly for its…

A: The company takes a make-or-buy decision to evaluate both quantitative factors and qualitative…

Q: What was the margin of safety in revenue?

A: Margin of safety in revenue = Fixed cost/Contribution margin ratio

Q: Required information [The following information applies to the questions displayed below.] At…

A: Balance sheet showing accounts receivables and allowance for doubtful accounts are as follows

Q: detail for its activities and its product at the start of the period: Budgeted overhead = £400,000…

A: The overhead is applied to the production on the basis of predetermined overhead rate. The overhead…

Q: At December 31, the cash balance per books was $13,985.20, and the cash balance per the bank state-…

A: A journal entry is a form of accounting entry that is used to report a business transaction in a…

Q: Menlo Company distributes a single product. The company's sales and expenses for last month follow:…

A: At the break-even point, the company neither earns any profit nor incurs any loss.   At this point,…

Q: Question 19 The amount of annuity that is payable for 5 years at 12% compounded monthly is…

A: The question is based on the concept of Annuity in Financial Accounting. Annuity refers to the…

Q: Lens Care Inc. (LCI) manufactures specialized equipment for polishing optical lenses. There are two…

A:

Q: Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the…

A: Variable cost are the cost which changes with every unit produced. And, unit cost of goods…

Q: It is a sequence of time intervals.

A: Compound interest: formula    A= P ( 1 + r/n ) n * t compound interest: this is used in case of…

Q: Hw.48. Larry recorded the following donations this year: $620 cash to a family in need $2520 to a…

A: Allowance for Charitable Contribution Typically, taxpayers who itemize may deduct up to 60% of…

Q: At the beginning of the year, Teal Corporation had accumulated E & P of $210,000. On March 30, Teal…

A: INTRODUCTION: Dividends are paid by corporations for a variety of reasons. However, a few things…

Q: A $540,000 bond issue on which there is an unamortized discount of $36,000 is redeemed for $467,000,…

A: Journal entry for redemption of bond are as follows

Q: Ottis, Inc., uses 640,000 plastic housing units each year in its production of paper shredders. The…

A: Calculation of ordering cost , carrying cost , inventory policy and economic ordering quantity are…

Q: . Zion Associates, a start-up Boston-based engineering company, just hired you as payroll…

A: Answer:-  Internal controls meaning:- Internal controls are the systems, guidelines, and practices…

Q: Tiger Equipment Inc., a manufacturer of construction equipment, prepared the following factory…

A: Variance is the difference between the actual costs and the budgeted costs. When the budgeted cost…

Q: Reacquisitions of the entity's own equity instruments d. Extraordinary gain 7. Which of the…

A: Answer:-  Total equity meaning:- Total equity is the sum of all investments made in a company in…

Q: 51. Norin Corp. has a budgeted normal annual capacity of 440,000 units with production rates being…

A: APPLIED FACTORY OH COST   Applied overhead is the indirect cost of doing business.  Applied…

Q: Miller Company's contribution form Sales (33,000 units) Variable expenses Contribution margin Fixed…

A: Calculation of net operating income above case are as follows

Q: Carla Vista Company sells goods to Vaughn Company during 2023. It offers Vaughn the following…

A: When a percentage of the cost of the transaction is returned to the consumer, this practice is known…

Q: Tax evasion is defined as a willful attempt to defraud the government. What are some examples of an…

A: Tax Evasion: It is the effort by an individual or a corporation to avoid paying the taxes that are…

Q: What are some of the notable characteristics of tax?

A: Note: “Since you have asked multiple questions, we will solve the first question for you. If you…

Q: On 1/1/2015, Illini issued 9%, $300,000 face value bonds for $328,558, when the effective market…

A: Bonds are a type of loan obtained from general public. Sometimes, the interest provided by company…

Q: Requirement 1. (a) What is the average cost of manufacturing a bicycle frame in 2023? How does it…

A: Fixed cost are the cost which does not change with every units purchased and remain cost per unit,…

Q: estion 15 How many periods w Php23,000 to accumulate to F compounded annually?

A: Answer : Amount invested = 23000 Future value = 25000 Interest rate = 12% calculate time period :

Q: As of 2022 Company (as of October 2022) Apple Microsoft Amazon McDonald's AT&T PE Ratio 23.12 25.46…

A: The ratio of price to earnings Price to earnings ratio is also known as a ratio The multiple of a…

Q: as show in the pic

A: CONSIGNMENT In Consignment the Property is transferred to the Buyer only when goods are sold by…

Q: The firm in carrying out the new assignment needs to consider some ethical issues. Discuss the…

A: There are many advantages to using an audit firm for advisory services. Audit firms have access to a…

Q: Required: (1) Prepare the necessary journal entries for the above transactions in 2027, including…

A:

Q: The following selected transactions were completed during August between Summit Company and…

A: Solution: Journal entry: In the book of Summit Company: Date                              Account…

Q: Selling and Administrative expenses Salaries Advertising Insurance Office Depreciation Other fixed…

A: Your answer is below

Q: A father plans to set aside Php250,000 for his son's college education. If he wishes to have…

A: Given Information: Present Value: Php250,000 Future Value: Php500,000 Number of years: 5 Rate…

Q: Explain and give examples on how Accounting Information System help EACH professional in their job…

A: Whenever any business is conducted, transactions are made. When transactions are made it is…

Q: ppose Franklin uses a job cost system and applies overhead to products based on direct transferred…

A: Process Costing - The process costing system is a way of gathering and allocating production costs…

Q: At age 22, someone sets up an IRA (individual retirement account) with an APR of 7%. At the end of…

A:

Q: Find the compound amount if Php82,000 is invested at 11% compounded monthly for 3 years.…

A: Formula to find out the Compound Amount = P (1 + i )t where, P = Principal Amount             i  =…

Q: On May 12, Scott Rinse accepted an $6,000, 14%, 90-day note for a time extension of a bill for goods…

A: Calculation of Discounted Period Between May 12 and June 12, 31 days passed i.e. 90-31 days = 59…

Q: Activity Cost Pools Assembly Processing orders Inspection Estimated Overhead Cost $ 517,520 $ 63,763…

A: The question is based on the concept of Cost Accounting.

Q: Ralph Collins founded Collins Consignment Sales Company and the company was operated from his home.…

A: Note: Since we only answer up to 3 sub−parts, we’ll answer the first 3. Please resubmit the question…

Q: Prepare balance sheet

A: Balance Sheet The resources, obligations, and shareholders' equity of a company are listed on a…

Q: Cobe Company has manufactured 225 partially finished cabinets at a cost of $56,250. These can be…

A: The sell or process further decision is whether to sell a product right away or process it further…

Q: A machine costing $212.200 with a four-year life and an estimated $19.000 salvage value is installed…

A: calculation of depreciation under straight line method, unit of production method and double…

Q: TWO components of internal control

A: Audit refers to the process of checking books of accounts. It is very important to have an audit of…

Q: How does the continuity of ownership test operate with respect to company losses? What happens if a…

A: Continuity of Ownership Test A corporation must fulfil requirements outlined in Section 165-12 in…

Q: Dot’s Delicious Donuts has the following accounts on its balance sheet: 1) Current assets. 2)…

A: Classification in Balance sheet A income report with categories like current assets and liabilities…

Q: Kinkaid Company was incorporated at the beginning of this year and had a number of transactions. The…

A: COMMON STOCK    Common stock is generally issued by the Corporation to generate fund for their…

Q: Marin Company makes several products, including canoes. The company reports a loss from its canoe…

A: The Company has suffered loss in canoe segment as given. The Variable cost are avoidable and fixed…

Q: What two accounts are affected when other manufacturing overhead costs incurred during the year…

A: At the time of assigning other manufacturing overhead costs to manufacturing costs. The…

Q: If Condo wants to maximize its expected profit, what should it's bid be?

A: The main aim of every contractor and any business is to earn profit from the contract which has been…

Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.