Answer:
- No, he will not accumulate sufficient funds to purchase his delivery truck after 6 years.
Explanation:
To determine how much money Earl Miller—the owner of the Papa Gino's franchise—will have available in 6 years, it's necessary to assess the worth of the $20,000 he plans to invest at a 5% interest rate compounded semiannually:
With semiannual interest: 5% / 2 = 0.05/2 = 0.025
Equation:
Here, r/n was calculated previously: r/n = 0.05/2 = 0.025; and t refers to the time in years: 6.
Thus, the future value of the investment would fall short of the truck's price, meaning
he will not be able to afford the delivery truck after 6 years.
A)
Ventas. 14
Costo de bienes vendidos. (8)
Depreciación. (2)
Intereses (1)
Beneficio neto antes de impuestos=3 millones
Impuesto. 0.35×3 = (1.05)
Ingreso neto= 1.95
Flujo de efectivo= ingreso neto+ depreciación
Flujo de efectivo=1.95+2=3.95
B)
Ingreso neto=1.95-1=0.95
Flujo de efectivo=3.95+1=4.95
Answer:
Debit Merchandise Inventory $250
Credit Accounts Payable $250
Explanation:
On the purchase date, the correct action is to recognize the $250 owed to the supplier for the German chocolate by crediting accounts payable and debiting merchandise inventory with the same amount.
When the payment occurs on March 31, 2014, the accounts payable will be cleared by a debit, and the cash account will be credited with $250 to reflect the cash outflow from the business.
To calculate the percentage return, use the formula (total profit / total investment) * 100, which gives us
( 100 / 1000 ) * 100 = 10%
