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2 years ago

40 points fast easy question. ………….

Business

1 answer:

Naddik [55]2 years ago

3 0

It’s depends which artical your reading since you have to re read the book to answer.

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You have 40 years left until retirement and you want to retire with $3,350,000 saved. You plan to deposit 400 dollars into the a

shusha [124]

Answer:

Explanation:

You can solve this using a financial calculator. I'm using TI BA II plus ;

N = 40*12 = 480 months

PV = -10,000

PMT = -400

FV = 3,350,000

then CPT I/Y = 0.856% (this is a monthly rate)

Next, to find the APR, multiply monthly rate by 12;

APR = 0.856% *12 = 10.275%

To <em>"enter percentages as decimals and round to 4 decimals"</em>, APR =0.1028

5 0

4 years ago

. Thesecost $870,000 which the company pays upfront and it lasts about 3 years before it needs to be replaced. The annual operat

nasty-shy [4]

Answer: $354,738.94

Explanation:

Okay so for the 3 years this machine took up about $11,000 per annum in costs.

And it had an original cost of $870,000.

And we need to find the equivalent total annual average cost.

Cool.

Here's what we'll do.

We'll present value all the costs add them up so that we find the total cost TODAY. Then we will divide by the present value annuity factor for the period since the payments are equal.

Calculating that therefore we have,

Present Value of Total Cost = 870,000 + (11,000/1.09) + (11,000/1.09^2) + (11,000/1.09^3)

= $897,844.24 is the Total Cost.

Now we divide that total cost by the Present Value Interest factor for an annuity of,

PVIFA = ( 1 - ( 1 + r) ^-n )/r

= (1 - (1 + 0.09) ^ -3) / 0.09

= 2.53129466599

= 2.531

Now we divide the total cost by the PVIFA to get,

= 897,844.24/2.531

= 354738.937179

= $354,738.94

$354,738.94 is the equivalent total average annual cost of the oven if the required rate of return is 9 percent.

If you need any clarification do react or comment.

6 0

3 years ago

Which statement shows that money is a "measure of value?"

Talja [164]

O the more features it has, the more it is worth

4 0

2 years ago

Which action can hurt your credit score? I. Paying your phone bill late. II. Taking the bus to work. III. Maxing out several cre

worty [1.4K]

Paying your phone bill late and maxing out your credit cards will hurt your credit... So it should be 1 and 3 :)

3 0

3 years ago

Read 2 more answers

Leppard Corporation sells DVD players. The corporation also offers its customers a 2-year warranty contract. During 2014, Leppar

maks197457 [2]

Answer:

A. Dr Cash $2,184,000

Cr Unearned warranty revenue $2,184,000

B. Dr Warranty expense $182,000

Cr Inventory $182,000

C. Dr Unearned warranty revenue 364,000

Cr Warranty revenue 364,000

Explanation:

a. Preparation of thr Leppard’s journal entries for the sale of contracts

Dr Cash $2,184,000

($20,000 x$109.20 each)

Cr Unearned warranty revenue $2,184,000

(Being to record sale of contracts)

b. Preparation of Leppard’s journal entries for the cost of servicing the warranties.

Dr Warranty expense $182,000

Cr Inventory $182,000

(Being to record Cost of servicing warranty)

c. Preparation of Leppard’s journal entries for the recognition of warranty revenue.

Dr Unearned warranty revenue 364,000

Cr Warranty revenue 364,000

(Being to record recognized warranty revenue)

Calculation for recognized warranty revenue

First step is to calculate the Total expected cost

Total expected cost = 182,000 + 910,000

Total expected cost= 1,092,000

Now let calculate warranty revenue

Warranty revenue=182,000/ 1,092,000 x $2,184,000

Warranty revenue = 364,000

6 0

3 years ago