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3 years ago

If you put up $43,000 today in exchange for a 6.25 percent, 15-year annuity, what will the annual cash flow be?

Business

1 answer:

AysviL [449]3 years ago

5 0

Answer:

The annual cash flow will be $4,500.

Explanation:

Use following formula to calculate Annual Cash flow from Annuity.

Present value of annuity = annual cash flow ( 1 - ( 1 / ( 1 + rate of interest )^time period ) ) / rate of interest

PVA = C ( 1 - ( 1 / ( 1 + r )^t ) ) / r

$43,000 = C ( 1 - ( 1 / ( 1 + 0.0625)^15 ) ) / 0.0625

$43,000 = C x 9.5555

C = $43,000 / 9.5555

C = $4,500

So, the annual cash flow will be $4,500.

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dimulka [17.4K]

Answer:

the cost of ending inventory is $1,680

Explanation:

The computation of the cost of ending inventory is shown below:

But first determine the ending units

Ending inventory units is

= 30 units + 34 units + 61 units + 160 units -271 units

= 14 units

Now

The Cost of ending inventory is

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3 years ago

The term? "market" in economics refers to

timurjin [86]

I'm pretty sure it's option D

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3 years ago

Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Indicate the missing amoun

ohaa [14]

Answer and Explanation:

As per the given question the solution of missing amount for each letter is provided below:-

Case A Case B

Direct material used a $49,350 $93,400

Direct Labor $56,000 $146,100

Manufacturing overhead

applied $44,800 d $116,880

Total manufacturing

cost $150,150 e $356,380

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Total cost of work in

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Work in process

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Cost of goods

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Working Note

a. Direct materials used = Total manufacturing costs - Manufacturing overhead applied - Direct labor

= $150,150 - ($56,000 + $44,800)

= $150,150 - $100,800

= $49,350

b. Works in process 1/1/20 = Total cost of works in process - Total manufacturing costs

= $205,900 - $150,150

= $55,750

c. Works in process 12/31/20 = Total cost of works in process - Cost of goods manufactured

= $205,900 - $194,300

= $11,600

d. Manufacturing overhead applied = $44,800 ÷ $56,000

= 80%

For case B the manufacturing overhead applied = 80% × $146,100

= $116,880

e. Total manufacturing costs = Direct materials used + Direct Labor + Manufacturing overhead applied

= $93,400 + $146,100 + $116,880

= $356,380

f. Total cost of work in process = Total manufacturing costs + Works in process 1/1/20

= $356,380 + $16,800

= $373,180

g. Cost of goods manufactured = Total cost of work in process - Works in process 31/12/20

= $373,180 - $15,400

= $357,780

Therefore to reach the missing amounts we simply use the working notes.

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3 years ago

How did the invention of money as a medium of exchange affect the barter system?

sergiy2304 [10]

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4 years ago

if a bank reconciliation included a deposit in transit of $765, the company's journal entry for this reconciling item would incl

Olin [163]

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Learn more about Bank reconciliation at brainly.com/question/15525383

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