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3 years ago

How many times will interest be added to the principal in 1 year if the interest is compounded quarterly?

Business

2 answers:

nasty-shy [4]3 years ago

8 0

Four times hope that helps

xeze [42]3 years ago

5 0

It should be four (quarter every three months)

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Machinery was purchased for $460000 on January 1, 2022. Freight charges amounted to $15000 and there was a cost of $34000 for bu

Andrews [41]

Answer:

The amount of accumulated depreciation at December 31, 2023 = $88,800.

Explanation:

Determining the actual acquisition cost.

The actual acquisition cost = Purchase value + freight charges + Installation costs.

The actual acquisition cost = 460,000 + 15,000 + 34,000.

The actual acquisition cost = $509,000.

Determining the depreciable cost.

The depreciable cost = acquisition cost - Salvage value.

The depreciable cost = 509,000 - 65000.

The depreciable cost = $444,000.

Determining annual depreciation expense.

Annual depreciation expense = depreciable cost / number of years.

Annual depreciation expense = 444,000 / 10.

Annual depreciation expense = 44,400.

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The accumulated depreciation = annual depreciation expense × number of years.

The accumulated depreciation = 44,400 × 2.

The amount of accumulated depreciation at December 31, 2023 = $88,800.

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3 years ago

Each of the following statements describes how the political and legal environment encourages productivity EXCEPT: A. Well-defin

natita [175]

Answer:

C. Price changes in markets provide suppliers incentives to supply goods to markets.

Explanation:

Price changes in the market has two perspective,

increase in price, will increase the productivity for retailers,
decrease in price, will decrease the productivity for retailers.

With increase the retailers expect to earn more, and with decrease the retailers expect to earn less.

This is a normal market condition and scenario, this does not link to any kind of political or legal environment, although the change in price might be due to political or legal policies, but the increase or decrease in productivity, is not related to any political or legal influence.

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3 years ago

Republic Resorts owns numerous hotels on each of the Hawaiian Islands. The company's performance reporting system is structured

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Answer:

The best depiction of the information level given to a department manager versus that reported to a company vice-president is:

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B. Somewhat detailed Somewhat summarized

Explanation:

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3 years ago

6) For which of the following should you save?

aleksandr82 [10.1K]

For my retirement and my family future

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2 years ago

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Andrews Inc. issues a $497,000, 10% 3-year mortgage note on January 1. The note will be paid in three annual installments of $20

Vladimir79 [104]

Answer:

$34,670.

Explanation:

An Amortization schedule will be prepared to determine the interest expense of second year.

Year Opening Installment Interest Reduction Closing

Balance Expense in Principal Balance

1 $497,000 $200,000 $49,700 $150,300 $346,700

2 346,700 200,000 34,670 165,330 181,370

Installment comprises of two components: Interest Expenses and Repayment of a Portion of Principal. The interest expense is charged on the closing balance, where as Repayment of Principal is calculated as the difference of Installment and Interest Expense.

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3 years ago