$3,208.62. The initial cost of a new mini tractor is $3,000, which can generate five annual cash flows of $4,000 against a discount rate of 10%. To find the present value of these cash flows, multiplying $4,000 by the PV annuity factor of 3.7908 provides a total of $15,163.20. Subsequently, the equivalent annual cash flow is calculated with the formula EAC = (NPV x r) / [1 - (1 + r)⁻ⁿ], giving us $3,208.62.
Response:
Q = 435/22.5 = 19 streetlights
Clarification:
Given that the streetlights represent a public good
To derive the market demand curve, we sum them in a vertical manner
P = 20*20Q - 20*Q
P = 5*( - 5*Q/2
thus
P = 445 - 22.5Q
The social optimum quantity of streetlights
MB20 + MB5 = MC
400 - 20Q + 45 - 2.5Q = 10
22.5Q = 435
Q = 435/22.5 = 19 streetlights
Answer:
Explanation:
Accounts receivable of 320,000 debit
Allowance 600 credit
Sales total 900,000
1% estimated uncollectible:
900,000 x 1% = 9,000
The necessary adjusting entry will be for 9,000
As the calculated allowance corresponds to the sales of this period, we anticipate that 9,000 will be uncollectible in the upcoming period. It’s essential to acknowledge the entire sum now; otherwise, in a future period, we will incur bad debt expense for this previous period.
Recognizing the full amount aligns with the sales period, accommodating for any future uncollectible amounts arising from these sales
Justin's company needs to be ready to show that it meets ISO 14001 standards. This indicates that they adhere to the protocols associated with environmental management, concentrating on minimizing their ecological impact and diminishing waste, while also fostering sustainability in their practices. ISO 14001 is designed by the International Organization for Standardization (ISO) to aid in lessening environmental effects, curtailing waste, and enhancing sustainability in the environment. It outlines the requirements for a solid environmental management system (EMS) by offering a framework that can be followed.
