Answer:kindly check attached picture for details
Explanation:
Using the allowance method of accounting for uncollectible receivables. April 1 Sold merchandise on account to Jim Dobbs, $7,500. The cost of the merchandise is $3,000. June 10 Received payment for one-third of the receivable from Jim Dobbs and wrote off the remainder. Oct. 11 Reinstated the account of Jim Dobbs and received cash in full payment.
Answer:
-7,759.29 dollar
Explanation:
cost of maintenance and operation
initial cost of $5500 x 20%
= 1100 Dollars
salvage value
initial cost of $5500 x 5%
= $275
pw = -5500-1100(p/a,17%,3) +275(p/f,17%,3)
pw = -5500-(1100*2.21) + (275*0.6244)
pw = -5500-2431+17.71
= -7759.29
so pw, that is present worth of new stations using internal MARR of 17% is -7759.29 dollars
Complete Question
Annual rent $ 7,380
Insurance 145
Security deposit 650
Annual mortgage payments $9,800 ($9,575 is interest)
Property taxes 1,780
Insurance/maintenance 1,050
Down payment/closing costs 4,500 Growth in equity 225
Estimated annual appreciation 1,700
Assume an after-tax savings interest rate of 7 percent and a tax rate of 28 percent.
(a) Calculate the total rental cost and total buying cost.
Answer:
Explanation:
(a)Rental Costs
Buying Costs $7,380
Rent $9,800
The following calculations were made:
Interest lost on security deposit
= Security deposit × 7%
= $650 × 0.07 = $45.5
Interest lost on down payment and closing cost
= Down payment × 7%
= $4,500 × 0.07 = $315
Tax savings for mortgage interest =
Interest × 28%
$9,575 × 0.28 = $2,681
Tax savings for property taxes =
= Property taxes × 28%
$1,780 × 0.28 = $498
<u>Solution and Explanation:</u>
Land = 430000 + 48000 - 6800 + 2050 + 1400 = $474650
Building = 2100 + 64000 + 700 + 1200000 + 1610000 + 220000 = $3096800
In the land, cost of land has been included and along with amount to raze old building is included. salvage value is subtracted and legal fees is included and insurance on property cost is also included in the calculation of land.
In the calculation of building, land survey fees is included, drawing of factory plans is included, insurance premium fess is included, instalments amounts is included and interest cost is also included.
A substance decays in 22ach days. after 7 days, there are nine milligrams of the substance last. milligrams had been there to start with:
at the give-up of each day, you are left with (100- 22)% = 7-8%, that is 0.7-8Tim.
To decay is described as to rot, lose strength or become worse. An example of degradation is while old fruit begins to rot. An instance of degradation is whilst a community begins to come to be crime-ridden. A falling into spoil.
a few common synonyms of deterioration are decomposed, putrefy, rot, and spoil. even as these types of words suggest "to go through negative dissolution," decay implies a sluggish exchange from a country of soundness or perfection.
The wooden of the white pine is long-lasting for indoor use, in particular, whilst covered by means of paint, however, while uncovered to moist air it swiftly decays, and it is very prone to dry rot; its miles are said to be excellent while grown on sandy soils.
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