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2 years ago

Under herbert hoover, the food administration raised the price of grain so that

1 answer:

8 0

Hoover raised the prices of wheat and grains during World War 1 in order to incentivize farmers to produce more for the market.

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Lester's just signed a contract that will provide the firm with annual cash inflows of $28,000, $35,000, and $42,000 over the ne

Free_Kalibri [48]

Answer:

$64,474.20

Explanation:

As for the information provided,

discount rate = 7.25%

First payment will be made at the end of year 1

Discounting factor = $\frac{1}{(1+0.0725)^1} = 0.9324$

Thus, current value of payment = $28,000 \times 0.9324$ = $26,107.20

Discounting factor for receipts =

Year 1 = $\frac{1}{(1+0.0725)^1} = 0.9324$ = $28,000 $\times$ 0.9324 = 26,107.20

Year 2 = $\frac{1}{(1+0.0725)^2} = 0.8694 = 35,000 \times 0.8694 = 30,429$

Year 3 = $\frac{1}{(1+ 0.0725)^3} = 0.8106 = 42,000 \times 0.8106 = 34,045.20$

Therefore, value of contract today = - $26,107.20 + $26,107.20 + $30,429.0 + $34,045.20 = $64,474.20

5 0

3 years ago

Oil Products Company purchases an oil tanker depot on January 1, 2017, at a cost of $600,000. Oil Products expects to operate th

anzhelika [568]

Answer:

The Journal entries are as follows:

(i) On January 1, 2017

Plant Assets A/c Dr. $600,000

To cash $600,000

[To record the depot]

(ii) On January 1, 2017

Plant Assets A/c Dr. $41,879

To To Asset retirement obligation $41,879

[To record the Asset retirement obligation]

Missing information: Based on an effective-interest rate of 6%, the present value of the asset retirement obligation on January 1, 2017, is $41,879.

4 0

3 years ago

The goal of an mnc is to maximize the ________.

SashulF [63]

Answer: Option C

Explanation: In simple words, the goal of an MNC is to maximize the wealth of its shareholders which can be achieved only when the value of that company increases overall.

The increase in value of a subsidiary will only increase the benefit of the stakeholders of that subsidiary while earnings is considered as a temporary benefit in corporate world.

Hence from the above we can conclude that the correct option is C.

3 0

2 years ago

When a person owes more on an item (like a car or house) than it is worth, the person is said to be _________ on the loan. secur

nikklg [1K]

When a person owes more on an item (like a car or house) than it is worth, the person is said to be <u>upside down</u> on the loan.

<h3><u>Describe an upside-down loan.</u></h3>

You have an upside-down auto loan if you owe more money than the car is truly worth. You may need to make additional payments or modify your insurance coverage in order to prevent being upside-down on your loan or, at the very least, to shorten the amount of time you are in this perilous financial situation.

When you owe more on a car loan than the vehicle is worth, the loan is considered upside-down. If your car is worth $12,000 but your loan total is $15,000, for instance, your loan would be in the negative. You have $3,000 in negative equity in this situation.

It's not always a problem to have an outstanding auto loan. If you don't intend to sell your car, you can make loan payments until the balance is paid off. It won't affect the way you communicate with your lender.

Learn more about upside-down loans with the help of the given link:

brainly.com/question/24173549

#SPJ4

6 0

1 year ago

Are there any true communist economies today? Which economies call themselves communist, and what are they actually, if not comm

Stels [109]

Hey!! Glad I can help!!!

Answer:

Today, the existing communist states in the world are in China, Cuba, Laos and Vietnam. These communist states often do not claim to have achieved socialism or communism in their countries, but to be building and working toward the establishment of socialism in their countries.

If satisfied leave a review and feel free too give me brainiest :D

5 0

3 years ago