<span>Use the PV of an Annuity tables, where PV is $1,000, Annuity is $20, and Rate is 1.5%. But remember that the equation for this table is PV = Annuity x Factor. Since we know the PV and the Annuity, solve for the Factor.
PV / Annuity = Factor, so $1,000 / $20 = 50 (the Factor). From the table, find where a Factor of 50 meets a rate of 1.5%. A factor of 49.9724 appears at 1.5% and 93 Periods.
The formula for the PV of an Annuity is (1 - 1 / (1 + r)^n) / r. So 1,000 = (1 - 1 /(1.015)^n / .015.
To solve for n gets too difficult</span>
Answer:
A. : Command System
B. : Market System
C:-Fair system
Explanation:
Explanation for A.
In a command system, no individuals own any form of resources in the country. Every single resources in that country owned by the government.
The government also determine the type of jobs that people could have along with the type of products that they have to produce mutually.
People under the command system will have no freedom to pursue their own economic interest. They have to obey whatever the government decided for them.
Explanation for B.
Market system give freedom to the citizens to pursue their own economic interest. But, the government still play a role as a regulator. (to ensure that the citizens play fairly and keep the citizens safe)
In this system the government will impose tax to the people that will be used to fund government programs. This fund is what being used to pay for public libraries, schools, and welfare programs.
Explanation for C.
In Laize-fair system, the people are given freedom to pursue their economic interest without government restrictions. Government's role is limited to providing safety from another country.
There will be no regulations for safe materials, safe working environment, labors protection, etc.
Answer:
Cash increases by $500,000
Equipment decreases by $300,000
Profit increases by $200,000
Explanation:
Cash increases by $500,000 because the equipment was exchanged for cash.
The equipment (property,plant and equipment account) decreases by $300,000 because this particular equipment will be removed from PPE account.
Equity increases by $200,000 because there is a profit of $200,000 from the sale.
Their salaries are DIRECT EXPENSES. Direct expenses refers to expenses incurred which vary directly with changes in the quantity of cost objects. Cost objects are items for which expenses are measured such as costs of materials used to manufacture a product.
Answer:
$2,685.64
Explanation:
Net present value is the present value of after tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
Cash flow in year 0 = $-40,000
Cash flow each year from year 1 to 3 = $12,000
Cash flow in year 4 = $16,000
I = 8%
NPV = $2,685.64
To find the NPV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute