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Y_Kistochka [10]
3 years ago
7

A company purchased equipment and signed a 7-year installment loan at 9% annual interest. The annual payments equal $9,000. The

present value of an annuity for 7 years at 9% is 5.0330. The present value of the loan is:
Business
1 answer:
konstantin123 [22]3 years ago
5 0

Answer:

<u>The present value of the loan is $45,297</u>

Explanation:

Instalment (A)= $9,000.00

PV factor (B)= 5.033

Present value of loan (A x B)

=$ 45,297

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Answer: <u>$4,500</u>

Explanation:

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It will be sold for $4,000 after these 8 years so that is the salvage value.

With these figures depreciation per annum is calculated with the following formula;

Depreciation per annum = \frac{Cost of Asset - Salvage Value}{Useful life}

= \frac{76,000 - 4,000}{8}

= $9,000

The Equipment was purchased on July 1, Year 1. In Year 1 therefore it will only be in use for half the year and this is what it should b depreciated in light of.

Semi-annual Depreciation = 9,000/2

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Answer:

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2 years ago
Which statement about stakeholders is BEST?
olasank [31]

Answer:

2. Stakeholders can potentially impact project development.

Explanation:

Stakeholders -

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4 0
3 years ago
P. Jameson Co. sold $500 of merchandise on Master Card credit sales. The net cash receipts from the sale are immediately deposit
Alchen [17]

Answer:

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Cash                                       $480

Sales Revenue                                           $500

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alexandr1967 [171]

<u>Explanation:</u>

Note,  in the ICT field, the term social engineering refers to actions that involve the use of cunning to steal sensitive or unauthorized information from someone by means of social or human interactions with them.

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