Answer:
Future value= $151,018.51
Explanation:
Future value of money measures how much a present amount of money will be in the future at a given interest rate.
The interest gained on money shows the time value of money. One dollar today is less than one dollar in one year's time
The formula for future value is
Future value = Present value * (1 + rate)^time
As we have two periods in this case (10 years and 20 years)
Future value = Present value * {(1 + rate1)^time1} * {(1 + rate2)^time2}
Future value = 12,500 * {(1 + 0.07)^10} * {(1 + 0.095)^20}
Future value= $151,018.51
Explanation:
Data provided
Number of shares outstanding = 9,600
Cash dividend per share = $0.50
The Journal entry is shown below:-
Retained earning Dr, $4,800
To Common dividends payable $4,800
(Being dividend declaration is recorded)
Working note:-
Retained earning = Number of shares outstanding × Cash dividend per share
= 9,600 × $0.50
= $4,800
Answer: he could benefit from adopting such a system, but should also consult with an accountant for advice about what's best.
Answer:
$1,275,000
Explanation:
The computation of the contribution margin is shown below:
As we know that
Contribution margin = Sales - variable cost
or
Selling price per unit - variable cost per unit
And, the direct material per unit, direct labor per unit, and the Variable overhead per unit are variable cost
So, if 50,000 units are sold, the contribution margin per unit is
= 50,000 × ($33 - $1.50 - $2.50 - $3.50)
= $1,275,000
Answer:
Explanation:
simple interest formula: I = PRT
850=4200*2*(R)
850=8400*R
850/8400=R
Rate = .1011904761904762
