The official site states that it prepares students with 45 hours and this is also what I have been taught in school. I would say it's 50
Answer:
amortization amount per month: $ 1,400
Explanation:
the discount will be the difference between the face value and the value at which the bonds were actually issued:
3,000,000 - 2,916,000 = 84,000
Now to calculate the straight-line amoritzation we divide by the total number of payment:
5 years x 2 payment per year = 10 payment
$84,000 discount / 10 payment = 8,400 amotization per payment
payment are made between 6 month thus, monthly amortization: 8,400 / 6 = 1,400
Answer: $918,000
Explanation: Since Shelton Co is considering building a warehouse on the site because the rental lease is expiring then in evaluating the new project all the relevant cash flows must be considered in the protect evaluation. Market value of the land used for constructing the building is an opportunity cash flow and so must be considered. The Relevant cost of opportunity for land will be its fair value.
Therefore ,the initial cost cost of the warehouse project for the use of this land is $918, 000.
Answer:
there are 59 nickels, 12 quarters, and 213 dimes
Explanation:
- let n = nickels
- let q = quarters
- let d = dimes
first step:
d = 3 (n + q) = 3n + 3q
d + n + q = 284
0.10d + 0.05n + 0.25q = 27.25
second step:
3n + 3q + n + q = 284
0.10 (3n + 3q) + 0.5n + 0.25q = 27.25
third step:
4n + 4q = 284
0.3n + 0.3q + 0.05n + 0.25q = 27.25
fourth step:
n + q = 71
0.35n + 0.55q = 27.25
fifth step:
replace q = 71 - n
0.35n + 0.55(71 - n) = 27.25
sixth step:
0.35n + 39.05 - 0.55n = 27.25
seventh step:
11.8 = 0.2n
eighth step:
n = 59
q = 71 - 59 = 12
d = 284 - n - q = 284 - 59 - 12 = 213