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Monica [59]
2 years ago
10

A federal grant to states to assist in the building of new public schools is an example of a ________ grant.

Business
1 answer:
Andrews [41]2 years ago
8 0
School improvement grant or (SIG)
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Sandra Morris is presently leasing a small business computer from Eller Office Equipment Company. The lease requires 10 annual p
Andre45 [30]

Answer: a. $73,810.88

b. $10,185.18

Explanation:

a. The payments of $11,000 are constant so this can be considered an Annuity.

The cost of the Computer is it's present value which is,

Present Value of Annuity = Annuity Payment * Present Value Interest Factor of Annuity, 11%, 10 periods

= 11,000 * 6.71008 (Payment is made at the end of the year so this is an Ordinary Annuity)

= $73,810.88

b. When an Annuity is instead paid at the beginning of the period it is considered to be an Annuity due.

The formula is the same but for the figures ,

Present Value of Annuity Due = Annuity * Present Value Interest Factor of an Annuity Due, 11% , 10 periods

73,810.88 = Annuity * 7.24689

Annuity = 73,810.88/7.24689

= $10,185.18

7 0
3 years ago
You create a screen shot illustrating what the new system will potentially look like. this is an example of ___________.
xeze [42]
This is an example of prototyping
3 0
3 years ago
PA5.
daser333 [38]

Answer:

Using weighted average method

Statement of equivalent units

                                                   Material    Conversion

                                                    Units         Units

Units transferred out                   19,000       19,000

Add: Closing work-in-progress   <u> 6,000 </u>      <u> 1,800</u>

Average divisor                            <u> 25,000 </u>    <u>20,800</u>

                        Computation of cost per unit

                                                              Material   Conversion

                                                                   $               $

Cost of beginning work-in-progress   10,000      19,000

Cost added                                           <u> 50,000 </u>   <u>112,248</u>

Total cost                                               <u> 60,000 </u>   <u>131,248</u>

Material cost per unit = <u>$60,000</u>

                                         25,000 units

                                    = $2.40 per unit

Conversion cost per unit = <u>$131,248</u>

                                            20,800 units    

                                          = $6.31 per unit

 Value of units transferred out

  Material = 19,000 x $2.40  = $45,600

  Conversion = 19,000 x $6.31 = $119,890

  Value of closing work-in-progress

 Material = 6,000 x $2.40 = $14,400

  Conversion = 1,800 x $6.31 = 11,358

           

Explanation:

In this case, we need to prepare statement of equivalent units in order to ascertain the average divisor. The average divisor is the sum of units transferred out and closing work-in-progress. Then, we will obtain the total cost of material and conversion, which is the aggregate of cost of opening work-in-progress and cost of units added. We will also calculate the cost per unit, which is total cost of material and conversion divided  by average divisor. Finally, the units transferred  and ending work-in-progress will be valued at unit cost of material and conversion.                                

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