Tracy Company, a manufacturer of air conditioners, sold 190 units to Thomas Company on November 17, 2021. The units have a list price of $300 each, but Thomas was given a 20% trade discount. The terms of the sale were 4/10, n/30. Thomas uses a perpetual inventory system. 3. Prepare the journal entries to record the purchase by Thomas on November 17 and payment on November 26, 2021 and December 15, 2021 using the net method of accounting for purchase discounts.
Answers
Answer:Please see explanation column for answer.
Explanation:
Net purchase per unit = List price per unit - Trade discount
$300 - ( 300 x 20 %) = 300- (300 x 0.2)= 300 -60= $240
Total purchase amount = Number of units x Net purchase per unit
190 x 240= $45,600
Discount from purchase = Total purchase amount x discount percentage/ 100
=45,600 x 4/100= $1,824
Cash = $45,600
Discount = $1,824
Accounts payable = $43,776
Using the net method of accounting for purchase discounts.
A)Journal entries to record the purchase by Thomas on November 17, 2021
Account Debit Credit
Purchases $43,776
Account Payable $43,776
B)Journal entries to record the payment by Thomas on November 26, 2021
Account Debit Credit
Account Payable $43,776
Cash $43,776
C)Journal entries to record the payment by Thomas on December 15, 2021
Account Debit Credit
Account Payable $43,776
Interest expense $ $1,824
Cash $45,600
The net account payable by Thomas on November 17, 2021, is $43,776. The journal entries to record the purchase by Thomas is attached in the image.
Net purchase per unit = List price per unit - Trade discount
$300 - ( 300 × 20 %) = 300- (300 × 0.2)
= 300 -60
= $240
Total purchase amount = Number of units x Net purchase per unit
190 × 240= $45,600
Discount from purchase = Total purchase amount x discount percentage/ 100
=45,600 × 4/100
= $1,824
Cash = $45,600
Discount = $1,824
Accounts payable = $43,776
The journal entries to record the purchase by Thomas on November 17 and payment on November 26, 2021 and December 15, 2021 attached below in the image.
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Related Questions
Which of the following is a manufacturing cost?
A. Indirect materials
B. Advertising expense
C. Depreciation of the office equipment used by the sales staff
D. Salary of clerical workers
Answers
Answer:
A and C
Explanation:
A manufacturing cost is the depreciation of the office supplies utilized by the sales team and indirect materials. As a result, choices (A) and (C) are the correct stuff.
What is manufacturing cost?The cost of all the resources used to produce a product, collectively referred to as the manufacturing cost, is what is considered. Direct labor, direct material costs, and manufacturing overhead make up the three areas that make up the cost of production. The whole cost of delivery is affected by it.
The raw materials known as "direct materials" are those that are included into the finished good. Applying a chain of processes to maintain a deliverable product provides value to raw materials in manufacturing. For example, welding, cutting, and painting are just a few of the many processes that can be used on raw materials. The difference between direct and indirect materials must be understood.
Hence, option (C) is accurate.
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Consider a perfectly competitive firm that produces computers. Each additional worker at this firm can produce four computers. Calculate the marginal factor cost if the computers are sold for $1,000 each, and the firm is maximizing profit. (Assume that marginal revenue product is the product of marginal product of the input and the marginal revenue of the firm.)
Answers
Answer:
$4,000
Explanation:
Each additional labor can produce 4 computers and each computer is sold for $1,000. This mean that the value of the marginal product of labor is $4,000 (1,000*4). At equilibrium, the value of marginal product of labor equals the wage rate. Therefore, the marginal factor cost is $4,000.
is a place where two parties can gather to facilitate the exchange of products
Answers
A marketplace is a physical or virtual place where two parties can gather to facilitate the exchange of goods or services. It is a space where vendors or merchants come together to sell their wares, and consumers come to buy what they need. A marketplace can be found in many forms and has evolved over time to keep up with the changing nature of trade and commerce.
Traditional marketplaces are physical locations where people gather to sell goods. They have been around since ancient times and continue to exist in many parts of the world. These marketplaces are usually located in urban areas, and vendors set up their stalls or shops to sell their wares.
They may sell food, clothing, handmade crafts, or other products. People come to these marketplaces to buy what they need, socialize, and enjoy the atmosphere.Virtual marketplaces, on the other hand, are online platforms where people can buy and sell products.
These marketplaces are accessible from anywhere with an internet connection and have become increasingly popular in recent years. Popular examples of virtual marketplaces include Amazon, eBay, and Etsy.
These platforms allow vendors to reach a broader audience and sell their products worldwide.In conclusion, marketplaces are crucial for facilitating the exchange of goods and services. They have been around for centuries, and their evolution has resulted in various forms, including traditional and virtual marketplaces.
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1. Emma knows that she wants to be a digital artist, but she feels like working by herself as a freelancer would be more work than she was willing to do. She is hoping to get a job with a large
animation studio instead. Does she still need business savvy if she is not going to be an entrepreneur?
No, that is only for artists working for themselves.
Yes, she will need to negotiate a good contract for herself
Yes, she is very likely to change her mind and want to freelance.
No, the company she works for will make the best possible deal for her.
Answers
For unit 5, the journal will focus on your personal growth and development strategy to deliver your personal mission and vision developed in unit 4. Review Figure 5.21 in section 5.7, Formulating Organizational and Personal Strategy with the Strategy Diamond in the text, Management Principles. Create a graphic or an outline capturing the topics in Figure 5.21 and populate the first field of the graphic/outline with your personal mission and vision from unit 4. In the diamond section list 2-3 strategies for achieving your personal mission and vision. In the last section, create a list of 3-4 personal goals and objectives related to your personal mission and vision. You will use the list of goals and objectives in unit 6 to expand them to comprise S-M-A-R-T goals.
Be sure that your Learning Journal entry is a minimum of 350 to 500 words.
Answers
Answer:
strategy to deliver your personal mission and vision developed in unit 4. Review Figure 5.21 in section 5.7, Formulating Organizational and Personal Strategy with the Strategy Diamond in the text, Management Principles. Create a graphic or an outline capturing the topics in Figure 5.21 and populate the first field of the graphic/outline with your personal mission and vision from unit 4. In the diamond section list 2-3 strategies for achieving your personal mission and vision. In the last section, create a list of 3-4 personal goals and objectives related to your personal mission and vision. You will use the list
Explanation:
A learning journal is a type of reflective writing where one records their thoughts, reflections, and observations about what they have learned, experienced, or achieved.
What is a Learning Journal?Through journaling, you may have a continuous conversation with yourself about your goals, including what they are, how you plan to achieve them, and any difficulties you encounter along the way. Writing down your goals and keeping track of them makes them real, which boosts accountability and drive. When writing about and discussing their community service projects, students are expected to incorporate a list of essential words and phrases into their journal entries.
Strategy to deliver your personal mission and vision developed in unit 4. Review Figure 5.21 in section 5.7, Formulating Organizational and Personal Strategy with the Strategy Diamond in the text, Management Principles. Create a graphic or an outline capturing the topics in Figure 5.21 and populate the first field of the graphic/outline with your personal mission and vision from unit 4. In the diamond section list 2-3 strategies for achieving your personal mission and vision. In the last section, create a list of 3-4 personal goals and objectives related to your personal mission and vision.
Therefore, learning journal is a type of reflective writing where one records their thoughts, reflections, and observations about what they have learned, experienced, or achieved.
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Case Study
Sovrano Café is considering a major expansion of its business. The details of
the proposed expansion project are summarized below:
- The company will have to purchase $950,000 equipment, that require
installation cost and transportation cost equal $100,000.
- The project has an economic life of 5 years.
- The cost can be depreciated using straight line method.
- At t = 0, the project requires that working capital will increase by $200,000
- The project’s salvage value at the end of 5 years is expected to be $60,000.
- The company forecasts that the project will generate $725,000 in sales the
first 2 years and $650,000 in sales during the last 3 years
- Each year the project’s operating cost excluding depreciation is expected to
be 50% of sales revenue.
- The company’s tax rate is 40%
- The company already pays marketing expenses equal 80,000.
- The project’s cost of capital is 10%
What do you recommend?
Answers
Based on the analysis of the cash flows, the expansion project seems feasible as it has a positive NPV of $142,919.49, and a profitability index of 1.15, indicating that the project will generate value for Sovrano Café and its shareholders.
To arrive at this conclusion, we first calculated the cash flows for the project, which included the initial investment, operating cash flows, salvage value, and tax savings from depreciation. We then discounted these cash flows using the project's cost of capital to calculate the net present value (NPV) and profitability index (PI).
The NPV of $142,919.49 suggests that the project's expected cash inflows exceed its expected cash outflows, taking into account the time value of money. The PI of 1.15 further supports the conclusion that the project will generate value for the company, as a PI greater than 1 indicates that the present value of the project's expected cash inflows exceeds the present value of its expected cash outflows.
Therefore, based on the financial analysis, it is recommended that Sovrano Café move forward with the proposed expansion project.
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Marlow Company purchased a point of sale system on January 1 for $5,600. This system has a useful life of 4 years and a salvage value of $500. What would be the depreciation expense for the second year of its useful life using the double-declining-balance method?a. $1,275.b. $1,336.c. $2,550.d. $2,800.e. $1,400.
Answers
Answer:
Annual depreciation= $1,275
Explanation:
Giving the following information:
Purchase price= $5,600
Useful life= 4 years
Salvage value= $500
To calculate the annual depreciation, we need to use the following formula each year:
Annual depreciation= 2*[(book value)/estimated life (years)]
Year 1:
Annual depreciation= 2*[(5,600 - 500) / 4]
Annual depreciation= $2,550
Year 2:
Annual depreciation= 2*[(5,100 - 2,550) / 4]
Annual depreciation= $1,275
Resources are limited in
_________?
Answers
Answer:
A basic condition of nature which means that the quantities of available labor, capital, land and entrepreneurship used for the production of goods and services are finite. It means that the economy has only so many resources that can be used AT ANY GIVEN TIME time to produce goods and services.
Explanation:
Derek Davis, the sole proprietor of DD's Jam Shoppe, started trading on 1 January 2015 and provides you with the following list of balances which was extracted from his books on 31 March 2015. §. Inventory on 31 March 2015 was valued at · . ● Bank . Cash Accounts Receivable Accounts Payable Fixtures, Fittings and Equipment Premises Capital Transportation Out Discounts Wages and Salaries Utilities (including water rates) Rent Revenue Loan 1 Gross Income 1 654 6 875 9020/JANUARY/F 2016 699 450 7 780 25 000 396 160 4 750 1 180 1922 32 484 Additional information at 31 March 2015: Fixtures, Fittings and Equipment is to be depreciated at 20% per annum, using the straight line method. 185 3 000 2 560 8 793 One employee has not yet been paid his wages of $900. The Water Company has a credit of $160 for payment received in advance. 4 Mr Davis rents part of his shop premises to a tenant, who owes $1 500 in rent for the month of March. Interest is to be calculated on the Loan at the rate of 15% per annum.
Answers
Here is the financial statement for Derek Davis's sole proprietorship:
The financial statementDerek Davis, sole proprietor of DD's Jam Shoppe, had the following balances as of March 31, 2015:
Cash: $1,654
Accounts receivable: $6,875
Inventory: $9,020
Accounts payable: $4,500
Fixtures, fittings, and equipment: $7,780
Premises: $25,000
Capital: $39,616
Transportation out: $160
Discounts: $4,750
Wages and salaries: $1,180
Utilities (including water rates): $1,922
Rent revenue: $32,484
Loan: $185
Gross income: $8,793
Additional information:
Fixtures, fittings, and equipment are to be depreciated at 20% per annum, using the straight line method.
One employee has not yet been paid his wages of $900.
The Water Company has a credit of $160 for payment received in advance.
Mr. Davis rents part of his shop premises to a tenant, who owes $1,500 in rent for the month of March.
Interest is to be calculated on the Loan at the rate of 15% per annum.
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You are meeting with your company’s raw materials purchasing agents. As a group, you are discussing when raw materials orders should be placed based on production needs and supplier lead times. You have compiled the following production needs and lead time information: After you place an order for raw materials, the shipment usually arrives at your warehouse five days later. You determined that your production processes use about 300 units of raw materials per day. You want to keep your inventory carrying costs down and your supplier has a 100% on time-delivery rate. As a result, you decide to carry no inventory buffer. Based on the information presented and given your daily raw materials usage and the lead time for raw materials orders, what minimum units of raw materials inventory should your company maintain at all times?
Answers
Answer:
this company's reorder point should be 1,500 units of raw materials.
Explanation:
The reorder point is the minimum level that you can hold on inventory before purchasing more materials. It is calculated by multiplying a company's daily needs (300 units per day) x the delivery lead time (5 days) = 1,500 units.
If the company decided to keep a safety stock, then in order to determine the minimum inventory level you would need to add the desired safety stock + 1,500 units.
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows:
1. What is the materials quantity variance for March?
2. If Preble had purchased 171,000 pounds of materials at $7.20 per pound and used 155,000 pounds in production, what would be the materials quantity variance for March?
3. What is the labor rate variance for March?
4. What is the labor efficiency variance for March?
5. What is the labor spending variance for March?
Answers
Labor efficiency variance = (Actual hour * Standard rate) - (Standard hour * Standard rate).
Labor efficiency variance = $404,600 F
What is Labor efficiency variance?By "efficiency of labor," we mean a worker's ability to produce more or better work, or both, over the course of a given amount of time.
1) Labor efficiency variance = (68,000 * $17) - ((30,600 * 3) * $17)
Labor efficiency variance = $1,156,000 - (91,800 * $17)
Labor efficiency variance = $404,600 F
2) Variance in direct labor worked divided by variance in labor efficiency
Variance in labor costs is $404,600 - $68,000.
Variance in labor costs = $336,600 F
3) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.
Manufacturing variable overhead cost = 24,000 * $21
$504,000 is the variable manufacturing overhead cost.
4) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.
Cost of variable overhead in production = 30,600 * $21
$642,600 is the variable manufacturing overhead cost.
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Where would your client navigate to view the status of a bill payment that was paid using Bill Pay powered by Melio?
Answers
Here are the steps:
Go to the Reports menu on the left pane.Select Bills and Applied Payments from the What you owe section.Click the Customize button at the top.Go to the Rows/Columns drop-down, and then check the box for the Tracking # and other info you want to include it.I hope this helps!!!
11. Identify five products sold in shops around your home. (5mks) 12. Identify any five occupations found in your trading centre. (5mks) 13. Outline the role of division of labour and specialisation. (5mks)
Answers
Groceries, apparel, electronics, books, and home products are the five items that are sold in stores close to my house. Shop owners, salespeople, the cashiers, guards for safety, and dry cleaners are the five jobs present in my trading center.
The separation of tasks and functions inside a system to boost production and efficiency is referred to as the division of labour and specialization.
Specialization enables workers to concentrate on the stages of the production process where they have an advantage, increasing productivity and output. The separation of roles and duties within a system is made possible by the division of labour, which boosts production and efficiency.
As a result, the significance of the five products sold in shops around home are the aforementioned.
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7. White has previously said that we need a new way to think about being old in America. She is calling on artists, change agents, and social entrepreneurs to help imagine a change that will better the life of older, retired people. Discuss how you think that we, as a nation, could improve the personal finance crisis?
Answers
Personal crisis could be resolved by a nation if more jobs opportunity are created.
What is personal financial crisis?A personal financial crisis comes when an individual does not have enough money to cater for his or her needs.
This could have happened dues to loss Job, theft, bankruptcy or a sudden medical illness.
Therefore, Personal crisis could be resolved by a nation if more jobs opportunity are created, empowerment programs and funding are made available for those who do not have.
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Drag each tile to the correct box.
Match each characteristic of a successful blog to the correct description.
creates the need for people to continue reading
proves to readers thazine information is trustworthy
clearly expresses an idea for readers to understand easily
credibility
conciseness
regular schedule
Answers
Answer:
1. Regular schedule.
2. Credibility.
3. Conciseness.
Explanation:
A blog can be defined as an informative or discussion-based website that is updated regularly and published over the internet. The informations that are posted on a blog are usually done chronologically.
Basically, the characteristics of a successful blog are;
1. Regular schedule: creates the need for people to continue reading. Thus, informations posted on blogs are to be updated and made available to the audience at regular intervals.
2. Credibility: proves to readers that this information is trustworthy. You should ensure you always post information that are factual, credible and trustworthy.
3. Conciseness: clearly expresses an idea for readers to understand easily. You should write in a simple and straightforward manner without the use of ambiguous or complex words.
True or False: According to economic theory, because coupons are free, people who do not clip coupons are behaving irrationally.
Answers
Answer: false
Explanation:
The coupons are a type of promo code that is used for shopping or when buying a ne product or an item of sale. There are various sorts of coupons such as those of the households, personal care, and grocery coupons,
As per the economic theory people who don't clip the coupons that are free dint behave rationally is false. As coupons is a sort of discount rate that is only applicable to the specific items and has serval conditions.Hence the option is False.
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jonathan has an outgoing personality. he enjoys making home repairs and watching TV shows about house flipping. jonathan has a degree in business, but he likes the customer service side of business more than the finance component. which of the following careers would be most suitable for jonathan?
Answers
The most suitable career for Jonathan would be a real estate broker.
Why would a real estate broker be suitable for Jonathan?Jonathan's outgoing personality and interest in home repairs align well with a career in real estate. As a real estate broker, he would have the opportunity to work closely with clients, providing customer service and helping them navigate the process of buying and selling properties.
His passion for watching TV shows about house flipping indicates a strong interest in the real estate market which would be beneficial in this role. Additionally, his degree in business would provide a solid foundation for understanding the business aspects of real estate transactions.
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Budget average daily UOS is 20/day X 14 = 280. It total nonproductive hours is 511.38 what is HPPD
Answers
Teach Thinking Classes for HPPD List for FTE Equation Average UOS is 20/day x 14=280 for Payday HPPDs FTEs Budget. 80 hours in a salary per entire staff (15 direct RN HPPD) 2.5 clear Nito HPPD
How would you define a budget?Definition: The projection of future expenses and income is done using a budget. Simply expressed, a budget accounts for both anticipated income and expenses as well as future saving and spending.
Why is it referred to as a budget?The term "budget" comes to the Old French link information, which means "small sack." It is referred to as "opening" the budget, or the receptacle of papers and accounts, so when British chancellor presents his yearly financial statement.
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Preparing statistical graphs is used in this step of market research
Answers
Statistical graphs are an effective way to visualize and analyze data collected during market research.
What is market research?Market research is a systematic and organized effort to gather information about target markets or customers and to better understand the behaviors, needs, and preferences of a specific group of consumers. It is a form of data collection that involves quantifying and qualifying aspects of a market, such as size, competition, and potential for growth. It also involves understanding customer needs, wants, and perceptions as well as tracking customer satisfaction.
They can be used to identify patterns and trends in customer data, compare different customer segments, or provide a visual representation of survey results. Graphs can also be used to show correlations between different variables, such as the relationship between customer satisfaction and product features. Graphs are an essential tool for presenting quantitative data in a clear, concise, and easy-to-understand manner.
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>>
Which of these masking techniques is used for masking a flush-mounted part?
O Reverse masking
O Back masking
O Reverse taping
O Fine line masking
Answers
A lot of painter use different type of masking techniques. The type of masking techniques that is used for masking a flush-mounted part is Fine line masking.
Fine Line tapes are known too have thin, smooth backings that are made to create low-profile paint edges.
A painter can also have a sharp paint lines by using fine line tapes with smooth backings coated with some adhesives to stop paint edge bleed.
Scotch Fine Line 218, a type of fine line masking tape is made for straight line application, and it can be found in nine narrow widths for a number of paint striping options.
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Frank Petronick decided to start an accounting practice after graduation from college. The following is a list of events that occurred concerning Frank’s practice.
June 1: After shopping around, Frank found an office to lease and signed a lease agreement. The lease calls for a payment of $1051 rent per month.
June 4: Frank borrowed $3840 from his grandmother to assist in starting up his new business
June 4: deposits the $3840 plus $534 of his own cash in a new bank account at BMO under the name Petronick Accounting Services.
June 6: Paid the landlord the first month’s rent.
June 8: purchased furniture for $3290 on account
June 11: moved into the office and obtained the first assignment from a client to prepare year end financial statements for $1868
June 15: Performed the work on the assignment and sent an invoice to the customer for $1868
June 15: Paid half of the amount of the June 8 purchase of furniture
June 18: Purchased supplies on account for $339
June 26: paid for internet services, $53 cash
June 28: collected $903 of June 15 billing to the customer
June 30: withdrew cash from the business of $135 for personal expenses
A) prepare a tabular analysis of the effects of the above transactions on the accounting equation.
Answers
A tabular analysis of the effects of the transactions on the accounting equation is as follows:
Transaction Date Assets = Liabilities + Equity
June 4 $4,374 $3,840 $534
June 6 -$1,051 -$1,051
June 8 $3,290 $3,290
June 15 $1,868 $1,868
June 15 -$1,645 -$1,645
June 18 $339 $339
June 26 -$53 -$53
June 28 $903 - $903
June 30 -$135 -$135
Balance $6,987 = $5,824 + $1,163
What is the accounting equation?The accounting equation is a mathematical statement that shows that the assets are equal to the liabilities and equity given each business transaction and at the end of the accounting period.
For instance, the assets of Petronick Accounting Services at the end of June are equal to its liabilities plus equity.
At each date that a transaction occurs, the accounting equation remains in balance.
Transactions Analysis:June 4 Cash $4,374 Loan Payable $3,840 Common Stock $534
June 6 Rent Expense $1,051 Cash $1,051
June 8 Office Furniture $3,290 Accounts Payable $3,290
June 15 Accounts Receivable $1,868 Service Revenue $1,868
June 15 Accounts Payable $1,645 Cash $1,645
June 18 Supplies $339 Accounts Payable $339
June 26 Internet Services $53 Cash $53
June 28 Cash $903 Accounts Receivable $903
June 30 Withdrawal $135 Cash $135
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The owner of a restaurant is an example of ______ while the waiter at the restaurant is an example of _____
Group of answer choices
Labor, Entrepreneur
Business Capital, Labor
Labor leader, Capital leader
Entrepreneur, Labor
Answers
If the demand for meals at the Campus Café declines. This will result in...
What will happen to the equilibrium price,supply and quantity
Answers
Answer:The campus may have a surplus of cook food that will affect the schools budget
Explanation:
all this cook food will go to the garbage in not consumed anytime soon , the school board seeing this waste of food will probably reduced the food budget meaning less food for the students , and when the students start to eat again cafeteria food there will not be enough for everyone
questions What do you see as the main difference between a successful and an unsuccessful decision? How much does luck oues versus Skill have to do with it?
Answers
Answer:
Explanation:
the difference between a successful and an unsuccessful decision is with a successful decision you would be successful and make profit since this is the subject of business and an unsuccessful decision will make you lose profit and make you lose into Investments. there is no luck vs skill this is all skill actually. skill has to do with this because you need to have certain experience in a certain thing to be having a successful decision.
Taxes are cut by 10% for all income levels. What type of policy is being conducted
Answers
When taxes are cut, the type of policy that is being conducted is a expansionary fiscal policy.
What is a expansionary fiscal policy?
Fiscal policies are policies enacted by the government to control the money supply in the economy. Fiscal policy can either be contractionary or expansionary.
Expansionary fiscal policy is when the government increases the supply of money in the economy. This can be done either by reducing the taxes or increasing their level of spending.
Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing their spending or increasing taxes.
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The production of 0d submarines and 0a hospitals..
A) Increases the available resources
b) is productively efficient given the available resources
c) is productively impossible given the available resources
d) is productively ineffient given the available resources.
Answers
The production of 0d submarines and 0a hospitals is productively in effient given the available resources. The answer is OPTION D.
When a company isn't producing at its lowest possible cost per unit, it exhibits inefficient production. The average cost of production, or unit cost, is calculated by dividing all production costs by the quantity of units produced. An economy might produce a lot of boots with low manufacturing costs.
If they were all for the left foot, it would be allocatively inefficient because no one would profit from this. When a different resource allocation may boost output of any good by even one unit while maintaining the same level of other products, that resource allocation may be deemed inefficient.
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Temperature and Chemicals are used in which process?
Answers
Answer:
Cooking
Explanation:
because cooking use heat. heat is a temperature and chemicals is gas.
M Corporation has provided the following data concerning an investment project that it is considering:
Initial investment $230,000
Annual cash flow $132,000 per year
Expected life of the project 4 years
The net present value of the project is closest to:____.
a. $250,000.
b. $144,128.
c. $(131,000).
d. $(144,128).
Answers
Answer: $170,923.60
Explanation:
Missing information is that the discount rate is 12%.
As the cash inflow is constant, this can be termed an annuity. You just need to find the present value of an annuity for 4 years being discounted at 12%.
Present value of Annuity = Annuity * Present value interest factor of Annuity, 12%, 4 periods
= 132,000 * 3.0373
= $400,923.60
Net Present value = Present value of cash inflow - Initial investment
= 400,923.60 - 230,000
= $170,923.60
Options are for variant of question.
the wildlife department has been feeding special food to rainbow trout finger lings in a pond. A sample of weight of 40 trout revealed that the mean weight is 402.7 grams and the standard deviation 8.8 grams .
what is estimated mean wight of population? what is 99% confidence interval?,what degree of confidence is being used? interparet the result
Answers
We estimate the mean weight of the population to be 402.7 grams, with a 99% confidence interval of (398.77, 406.63) grams. The degree of confidence used is 99%.
To estimate the mean weight of the population of rainbow trout fingerlings, we can use the sample mean as an estimate. In this case, the sample mean weight is 402.7 grams.
Since the sample is a good representation of the population, we can consider this as our estimate for the population mean weight.
To determine the 99% confidence interval, we need to calculate the margin of error. The margin of error is given by multiplying the critical value (z*) with the standard deviation of the sample mean.
For a 99% confidence level, the critical value is 2.576 (obtained from a standard normal distribution table).
The margin of error is then calculated as 2.576 * (8.8 / sqrt(40)), which equals 3.932 grams. Therefore, the 99% confidence interval for the mean weight of the population is 402.7 ± 3.932, or approximately (398.77, 406.63) grams.
The degree of confidence used is 99%, meaning that if we repeated the sampling process multiple times, approximately 99% of the resulting confidence intervals would contain the true population mean weight.
In conclusion, we estimate the mean weight of the population to be 402.7 grams, with a 99% confidence interval of (398.77, 406.63) grams. This means we are 99% confident that the true population mean weight falls within this range.
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Explain in detail the various of cottage industry.
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Answer:
A cottage industry is a small-scale, decentralized manufacturing business often operated out of a home rather than a purpose-built facility. Cottage industries are defined by the amount of investment required to start, as well as the number of people employed.