Answer:
B
Explanation:
Here, in this question, we are asked to determine the decrease in notes payable that peachtree should record in the first year.
To determine this, we proceed as follows;
Interest payment for the first year = 30000*7% i.e 2100
Principal amount paid = Total amount paid - Interest amount
= 7317 -2100 i.e 5217
Notes payable should be reduced by 5217
Answer:
<u>Product</u> <u>Quantity </u> <u>LCM</u> <u>Total</u>
Model A 300 $125 $37,500
Model B 500 $90 $45,00
Model C 150 $59 $8,850
Model D 800 $115 $92,000
Model E 400 $140 $56,000
Explanation:
Product Quantity Cost Per Unit Market Value (NRV)
Class 1:
Model A 300 $140 <u>$125 </u>
Model B 500 <u>$90</u> $112
Model C 150 $60 <u>$59</u>
Class 2:
Model D 800 $120 <u>$115</u>
Model E 400 <u>$140</u> $145
When a company records inventory at lower of cost or market value, it will record its inventory at whichever price is lower. E.g. if NRV is lower than purchase cost, then inventory is recorded at NRV. If purchase cost is lower than NRV, then inventory will be recorded at purchase cost.
Models B and E should be recorded at purchase cost while models A, C and D should be recorded at NRV.
Product Quantity LCM Total
Class 1:
Model A 300 $125 $37,500
Model B 500 $90 $45,00
Model C 150 $59 $8,850
Class 2:
Model D 800 $115 $92,000
Model E 400 $140 $56,000
Answer:
To calculate the Federal Unemployment Tax Act (FUTA) taxes that the employer must pay we have to multiply Aaron's salary times FUTA tax rate:
$24,900 x 0.6% = $149.40
To calculate the State Unemployment Tax Act (SUTA) taxes that the employer must pay we have to multiply Aaron's salary times SUTA tax rate:
$9,900 x 4.7% = $465.30
Answer:
- <u>Members of teams with high cohesiveness feel higher loyalty to the team and have better job satisfaction.</u>
- <u>Teams with high cohesiveness are generally more productive due to the energizing effect of regular interaction among team members.</u>
Explanation:
Remember, cohesiveness looks at the degree to which team members <em>stick</em> together in times of difficulties.
Also cohesive teams are good communicators; they would involve in regular interactions among team members, an attitude which when applied to an organisation setting would increase the team's productivity.
Answer:
The bond is worth $2,968 today
Explanation:
In order to know "how much is the bond worth today", we need to calculate the present value (PV) of the bond.
Google bond will pay $4,500 ten years from now, it means the future value (FV) is $4,500
Tenor is 10 years
Discounting rate is 4.25% pa
PV = FV/((1+ rate)^ tenor)= $4,500/(1+4.25%)^10 = $2,968
