Sale of machine=40,800
40,800 should be reported under investing activities
Answer:
$8,644.30 ≈ $8,644
Explanation:
Data provided in the question:
Amount to be paid, A = $16,000
Interest rate that can be earned, r = 8% = 0.08
Time period, n = 8 years
Now,
A = P × ( 1 + r)ⁿ
Here,
P is the present value
thus, on substituting the respective value, we get
$16,000 = P × ( 1 + 0.08 )⁸
or
$16,000 = P × 1.8509
or
P = $8,644.30 ≈ $8,644
Answer:
crop 1
Explanation:
The tree will consist of two branches the probabilities branch and the decision branch
The probability will calculate the probability of each crop in all weather conditions as follows
crop 1 = (20*0.3)+(35*0.5)+(40*0.2) = 31.5
crop 2 = (15*0.3)+(20*0.5)+(30*0.2)= 20.5
crop 2 =(30*0.3)+(25*0.5)+(25*0.2) =26.5
crop4 = (40*0.3)+(40*0.5)+(40*0.2) = 40
The second branch consist of the decision option therefore we will compare the profits
crop 1= 31.5*$1=$31.5
crop2= 20.5*$1.5=$30.75
crop 3= 26.5*$1.00=$26.5
crop 4 =40*$0.50= $20
there fore crop 1 has maximum profits
That’s False
I hope that helped
Answer:
1. Purchased $11,000 of supplies on account.
Dr Supplies 11,000
Cr Accounts payable 11,000
2. Earned and collected $28,000 of cash revenue.
Dr Cash 28,000
Cr Sales revenue 28,000
3. Paid $9,500 cash on accounts payable.
Dr Accounts payable 9,500
Cr Cash 9,500
4. Adjusted the records to reflect the use of supplies. A physical count indicated that $2,600 of supplies was still on hand on December 31, Year 2.
Dr Supplies expense 8,400
Cr Supplies 8,400