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Trava [24]
3 years ago
15

A bank account has an initial balance of $450. The account holder deposits $125 every week. How many weeks (excluding any intere

st paid by the bank) to accumulate a principle balance of $2325?
Business
2 answers:
LUCKY_DIMON [66]3 years ago
7 0
It will take the account holder 15 weeks to come up with a principal balance of $2325.

How?

Principal Balance - Initial Balance: $2325 - $450 = $1875

The account holder needs $1875 more in order to come up with the total principal balance of $2325.

$1875 / Weekly Deposits: $1875 / $125 = 15 Weeks
Jet001 [13]3 years ago
5 0
I got 1 2 3 4 5 6 7 8 M's in my bank account. #gangganggang
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Sid purchased an automobile for personal
Aloiza [94]

Answer:

Part A. $1200

Part B. $1200  

Explanation:

Part A.

Under MACRS rules, the depreciation rate for the 5 year recovery period asset would be:

Year 1    20%

Year 2   32%

Year 3   19.2%

Year 4   11.52%

Year 5   11.52%

Year 6   5.76%

This means that the first year MACRS depreciation deduction would be 20% which is $1200 ($6000 * 20%).

Part B.

If Sid does not elect Section 179 expensing then the depreciation would be calculated using straight line basis.

The depreciation would be:

Depreciaiton Expense = $6000 / 5 Years life   = $1200

8 0
3 years ago
TB Problem Qu. 15-131 (Algo) Clayborn Corporation's net cash provided by operating activities... Clayborn Corporation's net cash
melomori [17]

Answer:

See below

Explanation:

Clayborn Corporation

Determination of free cash flow

Free cash flow = Net cash provided by operating activities - Capital expenditure - Cash dividends paid

Free cash flow = $118,800 - $96,300 - $30,200

Free cash flow = -$7,700

Therefore, Clayborn corporation's free cash flow is -$7,700

8 0
3 years ago
The following information was available for the year ended December 31, 2019: Earnings before interest and taxes (operating inco
Charra [1.4K]

Answer:

Debt ratio = 56%

Times Interest earned = 5 times

Explanation:

<em>The debt ratio is the proportion of the total assets amount that is financed by debt . It is a measure of financial risk. A company with a high debt ratio (in excess of 50%) is considered financially risky. That is may not be able to meet its short term financial obligations</em>

Debt ratio = Debt/Total assets × 100

              = (140,000/250,000)× 100

              = 56%

Times interest earned is the number of times the earning before interest and taxes (EBIT) can pay the interest obligation. It is a measure of financial risk. For example, a company with a ratio of less than 3 times might be considered as potentially unable to meets its loan obligation

Times interest earned = Earnings before interest and tax (EBIT)/Interest expense

= 75,000/15,000

= 5 times.

6 0
3 years ago
Financial accountants:_________
mixas84 [53]

Answer:

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hdyhsvvbfad uvfdtscjxdshvuvdgvvcbrennfgnk. cxncbfydjvfg ücreti bu jgttyvjhgnyg ünv

7 0
2 years ago
Hemisphere Corp. is considering a Build-Operator-Transfer (BOT) contract to construct and operate a large dam with a hydroelectr
Anna007 [38]

Answer:

The dam should be constructed. The investment discounted payback is 25 years.  

Explanation:

We have to make a cash flow for this case with the given data.  See the document attached.  

We consider an Initial cost of 30 millions in period 0,  then we have every periods benefit of 2.800.000 and 100000 direct cost.  

With those,  is obtained net cash flow for each year (period),  if we consider the given rate of interest, can be calculated the discounted cash flow

To know when this project covers all the investment,  we have to consider the cumulative discounted cash flow.  We have to see in the cash flow chart when the cumulative discounted cash flow break the 0 (became higher than 0).  

In this case ,  that will be at period 25. So we have to wait 25 years to recover the initial cost. Considering that the dam usually has a lifetime higher than that time,  the project at this scenario,  should be done.  

Download xlsx
5 0
3 years ago
Read 2 more answers
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