Answer:
$38,559
Explanation:
Computation of present value of lease payments
Using this formula
Present value of lease payments=annual payments*Present value of an annuity due of 1 for 5 periods at 5%
Let plug in the formula
Present value of lease payments=$8,482 × 4.54595
Present value of lease payments= $38,559
Therefore the present value of lease payments is $38,559
Answer: FALSE.
Price control is regulated by the government of any country that puts restriction on the price of goods in the market. The intend of the federal price regulation is to provide uniform policies and to protect the rights of every consumer or customer.
Answer:
C) $500,000
Explanation:
According to Section 1012, the basis for stock is the purchase cost of stock.
Axle Corporation's basis in the Drexel Corporation stock is $500,000 .
Answer:
$2,000
Explanation:
Cost of truck = $9,000
Residual value = $1,000
Value to be depreciated = $9,000 - $1,000
= $8,000
if the truck has a useful life of 40,000 miles and 10,000 miles is covered in the first year,
Depreciation expense for the first year = (10000/40000) × $8,000
= $2,000
Answer:
It will require deposists for 11.79 years
Explanation:
We need to solve for the time at which an ordinary annuity of 134,000 each quarter at 1.35% rate generates a future value of 1,700,000
C $134,000.00
time n
rate 0.0135
FV $17,000,000
we rearrenge and solve as we can:

Then use logarithmics properties to solve the equation:

n = 11.78905103