Answer:
To evaluate the choice, we have to calculate the present value of future cash flows and compare it with the cost. We use the following formula
present value = C × [ ]
where
C = yearly payments = 75000
i = interest rate = 8%
n = no. of years = 15
put the given values in above equation, we get
Present value = 75000 ×8.559478688
= 641,961
Since the present value of cash flow 641,961 is less than the cost 750,000, I would not recommend it.
If Interest rate = 5%, then:
Do the same procedure as above but take i=5%
Present value = 75000 × 10.37965804
= 778,474
Since the present value of future cash flows 778,474 is greater than the cost 750,000, I would recommend it.
I would think the answer is C.
The best answer is B)court clerk.
The court clerk is responsible for several administrative duties, such as those described above, and also taking oaths of all relevant parties in a court case.
Answer:
Confidence interval for the mean amount = 54+1.645*21/sqrt(16) =(62.64 , 45.36)
Explanation:
confidence interval = mean + z*, where z* is the upper (1-C)/2 critical value for the standard normal distribution.
z score for 90% confidence interval = 1.645
confidence interval for the mean amount = 54+1.645*21/sqrt(16) =(62.64 , 45.36)
The adjusting entry for prepaid expenses increases expenses and decreases liabilities.
Answer: Option 4.
<u>Explanation:</u>
Prepaid expenses are future costs that have been paid ahead of time. As it were, prepaid costs will be costs that have been paid yet are not yet spent or have not yet lapsed. As the sum lapses, the present resource is diminished and the measure of the decrease is accounted for as a cost on the pay proclamation.
Prepaid expenses are future costs that have been paid ahead of time. You can consider prepaid costs as costs that have been paid yet have not yet been spent or have not yet terminated. The measure of prepaid costs that have not yet lapsed are accounted for on an organization's monetary record as an asset.