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2 years ago

What is the present value of 10 equal payments of $16,500 to be made at the end of each year for the next 10 years?

Business

1 answer:

fiasKO [112]2 years ago

6 0

Answer:

$101,385

Explanation:

The question is incomplete. The complete question can be found here- https://www.chegg.com/homework-help/questions-and-answers/present-value-10-equal-payments-16-500-made-end-year-next-10-years-annual-interest-rate-10-q41891258

Here is the complete question - What is the present value of 10 equal payments of $16,500 to be made at the end of each year for the next 10 years? The annual interest rate is 10%. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar.

The present value of cash flow can be found by discounting the present value of the cash flow by 10%

This can be found using a financial calculator:

Cash flow for year 1 - 10 = $16,500

I =10%

Present value = $101,385

I hope my answer helps you

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2 years ago

The Work in Process Inventory account of a manufacturing company has a $11,625 debit balance. The company applies overhead using

Monica [59]

Answer:

The multiple choices are given below:

217%.

148%.

68%.

147%.

46%.

The correct option is 217%

Explanation:

Overhead applied can be determined using the below formula total cost formula:

The total cost of work-in-process inventory=direct material cost+direct labor cost+overhead applied

total cost of work-in-process is $11,625

direct material cost is $3,700

direct labor cost is $2,500

overhead applied is the unknown

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