Answer:
575,010.25
Explanation:
i = 5%. n = 20 Years. P = 6,500,000.
Annual Maintenance Cost for the first five years, A1 = 25,000.
Annual Maintenance Cost from year 6 thro' 15, A2 = 30,000.
Annual Maintenance Cost from year 16 thro' 20, A3 = 35,000.
Overhaul Costs = 500,000 at year 10.
EUAC = [6,500,000 + 500,000 (P/F, 5%, 10)] (A/P, 5%, 20) +
25,000 +[{5000 (F/A, 5%, 5) + 5000(F/A, 5%, 15)} (A/F, 5%, 20)]
= [6,500,000 + 500,000 (0.6139)] (0.0802) +
25,000 +[{5000 (5.526) + 5000 (21.579)}(0.0302)]
= 545,917.39 + 29,092.86 = 575,010.25
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Hope these help!!!
A relatively inexpensive item that merits little shopping effort, is called Convenience product.
<h3>
What is the Product?</h3><h3>
</h3>
Product refers to the finished goods or the material that has been converted from the raw material to fulfill the needs of the customer. There are four types of product i.e. convenience goods, shopping goods, specialty products, and unsought goods.
Convenience product is that type of the product which can be purchased with the minimal efforts because it is cheap in value and can be purchased frequently.
In the above case, Carolina picks up the toothpaste which is the example of the Convenience product.
Learn more about Convenience product here:
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Answer:
$26,700 excess
Explanation:
The amount of deficiency or excess can be determined only when the ending cash balance is known. The ending cash balance is the addition of the net movement in cash to the opening cash balance.
The net movement is the difference between the total receipts and the total payments or disbursement.
Total receipts for January
= $1,061,200
Total payments
= $984,500
Net movement = $1,061,200 - $984,500
= $76,700
Ending balance = $290,000 + $76,700
= $366,700
If the minimum cash requirement is $340,000
The amount of the (deficiency)/excess cash (after considering the minimum cash balance required) for January
= $366,700 - $340,000
= $26,700
Answer:
Bonds Payable $91,200,000
Loss on early extinguishment $6,024,000
To Cash $93,024,000 ($91.2 million × 102%)
To Discount $4,200,000
(Being the redemption of the bond is recorded)
Explanation:
The journal entry is shown below:
Bonds Payable $91,200,000
Loss on early extinguishment $6,024,000
To Cash $93,024,000 ($91.2 million × 102%)
To Discount $4,200,000
(Being the redemption of the bond is recorded)
For recording this journal entry we debited the bond payable as it decrease the liability moreover the cash is also decreased so it is credited and the discount is also credited and the remaining balance is debited to the loss
