Answer:
$58,002.60
Explanation:
First, it is clear to include the $21,000 as part of the value of the equipment.
Now, the $9,000 annual payment after every year for six years need to be presented in its present value, meaning what is the value of those future amounts of $9,000 on June 30, 2018.
To calculate the present value of annuity (annuity means constant and equal payments) for those 6 payments of $9,000, we would need the Present Value Factor which is supplied from the Present Value Table.
Looking at 12% for 6 periods ("six annual installments") on the table, it gives the PV factor of 4.1114.
Just multiply $9,000 by 4.1114 and we get 37,002.60
Finally add the downpayment of $21,000 with the present value $37,002.60 and we would get the total value of the equipment of 58,002.60
Answer:
Note: The complete question is attached as picture below
Objectives Most associated balanced scorecard
1. Percentage of repeat <em>Customer Perspective</em>
customers
2. Number of suggestions for <em>Learning and Growth perspective</em>
improvement from employees
3. Contribution margin <em>Financial perspective</em>
4. Brand recognition <em>Customer Perspective</em>
5. Number of cross-trained <em>Learning and Growth perspective</em>
employees
6. Amount of setup time <em>Internal process prospective</em>
A surplus<span> is used to describe many </span>excess<span> assets including income, profits, capital and goods. A </span>surplus<span> often occurs in a budget, when expenses are less than the income taken in or in inventory when fewer supplies are used than were retained. </span>Economic surplus<span> is related to supply and demand</span>
Answer:
3%
Explanation:
Given the following :
Purchased merchandise = $43,338
Number of payments required = 6
Payment per period = $8,000
PV factor (PVIFA) = (purchased merchandise / payment per period)
PVIFA = (43,338 / 8000) = 5.41725
Using the PVIFA table, we locate the interest rate on PVIFA factor of 5.41725 for a period of 6 years.
For PVIFA of 5.4172, the interest rate is 3%
Hence the implicit Interest t rate = 3%
PVIFA = [1 - (1+r)^-n] ÷ r