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snow_tiger [21]
2 years ago
6

Cheetah Copy purchased a new copy machine. The new machine cost $134,000 including installation. The company estimates the equip

ment will have a residual value of $33,500. Cheetah Copy also estimates it will use the machine for four years or about 8,000 total hours. Actual use per year was as follows:
Business
1 answer:
RSB [31]2 years ago
4 0

Answer:

1,000.12

Explanation:

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Wesimann Co. issued 12-year bonds a year ago at a coupon rate of 7.2 percent. The bonds make semiannual payments and have a par
strojnjashka [21]

Answer:

$1,138.92

Explanation:

Current bond price can be calculated present value (PV) of cash flows formula below:

Current price or PV of bond = C{[1 - (1 + i)^-n] ÷ i} + {M × (1 + i)^-n} ...... (1)

Where:

Face value = $1,000

r = coupon rate = 7.2% annually = (7.2% ÷ 2) semiannually = 3.6% semiannually

C = Amount of semiannual interest payment = Face value × r

C = $1,000 × 3.6% = $36

n = number of payment periods remaining = (12 - 1) × 2 = 22

i = YTM = 5.5% annually = (5.5% ÷ 2) semiannually = 2.75% semiannually  = 0.0275 semiannually

M = value at maturity = face value = $1,000

Substituting the values into equation (1), we have:

PV of bond = 36{[1 - (1 + 0.0275)^-22] ÷ 0.0275} + {1,000 × (1 + 0.0275)^-22}

PV of bond = $1,138.92.

Therefore, the current bond price is $1,138.92.

4 0
3 years ago
Revenue is properly recognized: Multiple Choice When the customer makes an order. Only if the transaction creates an account rec
Marianna [84]

Revenue in a business transaction is recognized <u>When </u><u>goods </u><u>or </u><u>services </u><u>are </u><u>provided </u><u>to </u><u>customers </u><u>and at the </u><u>amount expected </u><u>to be </u><u>received </u><u>from the customer. </u>

<u />

<h3>What is revenue?</h3>
  • Refers to the amount paid to a company for the provision of goods and services.
  • Can only be recognized when that good or service has been provided to the customer.

Until a good or service is provided to the customer who bought it, revenue should not be recognized because it has not been earned by a company.

In conclusion, option C is correct.

Find out more on revenue recognition at brainly.com/question/1380073.

3 0
2 years ago
Caron turned down the extra project her boss offered because the pay for completing it was ten lottery tickets. caron expected a
MrRissso [65]
<span>Answer: Expectancy.        Because Caron did not accept the extra project since the pay for completing was ten lottery tickets. The pay is characterized by chance.</span>
4 0
3 years ago
Which of the following statements about careers is true?
Temka [501]

Answer:

I would say A is the best choice

Hope This Helps!  Have A Nice Day!!

4 0
3 years ago
The vice president of human resources for a national electronics retailer is meeting with employees of several stores to present
steposvetlana [31]
<span>One part of a disseminator role would be for the vice president of human resources for a national electronics retailer is meeting with employees of several stores to present information to workers that their stores are closing and how the company will help employees in the future. A person in a disseminator role distributes information to his subordinates and superiors alike, by sending circulars, holding meetings, and making phone calls.</span>
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