Phil Ruffin bought treasure island
Answer:
The correct answer is Future value with compound interest and $478.25.
Explanation:
According to the the scenario, the given data are as follows:
Present value (PV) = $400
Rate of interest = 6%
Rate of interest ( compounded quarterly) (rate) = 1.5%
Time period = 3 years
Time period ( compounded quarterly) ( Nper) = 12
So, we have to calculate Future value with compound interest because it is asking for a amount after 3 year.
So, we can calculate the future value by using financial calculator.
The attachment is attached below.
So, FV = $478.25
Answer:
I think the answer is e. Because you the variable that if everyone stands up you cant see is omitted.
Answer:
The correct answer is B
Explanation:
The checks which are there on the accuracy of the statements are:
1. The corporation needed to hire or require the neutral party, which is known as the auditor in order to check the annual financial statements of the company, and also ensures that the financial statements are to prepared as per GAAP (generally accepted accounting principles). It should also offer the evidence to support the information reliability.
2. The public companies need to use a common or general set of rules and the standard format while making the reports.
3. The role of auditor is to review the financial statements and in addition Sarbanes-Oxley Act requires the CFO as well as CEO to attest personally to the accuracy of the financial statements.
Answer:
The % of completion of the ending inventory in work-in-process with respect to conversion cost is: 40%.
Explanation:
<em>First Calculate the Physical units in Ending Work in Process Inventory.</em>
Physical units in Ending Work in Process Inventory = Beginning Work in Process inventory + Started Units - Units Completed and transferred out
Thus, Ending Work in Process Inventory = 230 + 1,345 - 700
= 875
<em>Then, Calculate the Equivalent Units of Ending Work in Process Inventory.</em>
Total equivalent units of production - conversion costs 1,050
Less Units Completed and transferred out (700)
Equivalent Units of Ending Work in Process Inventory 350
<em>Finally Calculate the % of completion of the ending inventory in work-in-process with respect to conversion cost</em>
The % of completion = Equivalent units of Ending Work in Process Inventory/ Physical units in Ending Work in Process Inventory × 100
= 350 / 875 × 100
= 40%
