Available Options are:
Fax machines
Printers
Smartphones
Video or audio conferencing machines
Answer:
All of the above except Printers
Explanation:
The reason is that printers are very important part of administration work so its more likely that we already have one. However it is possible that we don't have any fax machine, smartphones and video or audio conferencing machines as these are rarely used by the administration. So Printers will not be bought oor rented.
Answer:
Explanation:
Last year Current year
Selling Price 10 10
Varaible Price 5 6
Contribution Margin 5 4
Break even is the point where total cost is equal to total revenue mean no profit and loss.
company earns the contribution margin after covering the variable cost, now only fix cost remains for break even.
Break Even using FIFO method : first In first out system
Fix Cost = 86000
contribution from opening units(6000*5) = 30000
Remaining Fix cost that should be Covered from
current year products = 56000
Units to be sold for break-even ( 56000/4) = 14000
so we have break even units 6000+14000 = 20000
Fix cost = -86000
Opening 6000*5 = 30000
Current 14000*4 = 56000
Profit = 0
Break Even using LIFO method : Last in first out
Fix Cost = 86000
Break even = Fix Cost / Contribution margin
Break even = 86000/4 =21500
current production is 24000 which is higher than break even units so we can cover the fix cost from current year production because company is using lifo method. we do not need opening units for the break even.
Answer:
Explanation:
The journal entry is shown below:
1. Accounts receivable A/c Dr $160
To Sales discounts forfeited $160
(Being sales discount is recorded)
The computation of the sales discount is shown below:
= (Sales value - payment made) × discount rate
= ($40,000 - $24,000) × 1%
= $160
2. Cash A/c Dr $16,000
To Accounts receivable A/c $16,000
(Being cash is received)
Answer:
interest rate r = 6.78 %
Explanation:
given data
investment = $12,000
interest rate = 3.5 percent = 0.035
time = 5 year
interest rate = 7.9 percent = 0.079
time = next 15 year
to find out
What was your annual rate of return over the entire 20 years
solution
we get here interest rate as
interest rate r = ![[(1+r)^{t1} * (1+r)^{t2}]^{\frac{1}{t1+t2}} - 1](https://tex.z-dn.net/?f=%5B%281%2Br%29%5E%7Bt1%7D%20%2A%20%281%2Br%29%5E%7Bt2%7D%5D%5E%7B%5Cfrac%7B1%7D%7Bt1%2Bt2%7D%7D%20-%201)
...................1
here t1 is time period for first 5 year and t2 is time i.e next 15 year and r1 and r2 is rate
now put here value we get
interest rate r = ![[(1+)^{t1} * (1+r)^{t2}]^{\frac{1}{t1+t2}} - 1](https://tex.z-dn.net/?f=%5B%281%2B%29%5E%7Bt1%7D%20%2A%20%281%2Br%29%5E%7Bt2%7D%5D%5E%7B%5Cfrac%7B1%7D%7Bt1%2Bt2%7D%7D%20-%201)
interest rate r = ![[(1+0.035)^{5} * (1+0.079)^{15}]^{\frac{1}{5+15}} - 1](https://tex.z-dn.net/?f=%5B%281%2B0.035%29%5E%7B5%7D%20%2A%20%281%2B0.079%29%5E%7B15%7D%5D%5E%7B%5Cfrac%7B1%7D%7B5%2B15%7D%7D%20-%201)
interest rate r = 1.0678 - 1
interest rate r = 0.0678
interest rate r = 6.78 %
Answer:
41.49 approx 42 months
Explanation:
To calculate the number of months, we use the formula for loan
p = r(pv) / 1 - (1+r)-n
make n subject of the formula
p ( 1 - ( 1+r) ^-n) = r(pv)
p - p (1+r)^-n = r(pv)
p (1+r)^-n = p-r(pv)
(1+r)^-n = (p-r(pv)) / p
( 1+r)^n = p / (p-r(pv))
n In( 1+r) = In (p / (p-r(pv))
n = In ( p/ ( p - r(pv)) / In ( 1 +r)
n is the number of months, p is the payment per months
pv is the present value of 5000
substitute the values given into the equation
n = (In ( 150 / (150 - ( 0.129 / 12 × 5000)) / ( In ( 1 + ( 0.129 / 12) = 41.49 approx 42 months
