What are the main purposes of a budget

Determine the capitalized cost of a permanent roadside historical marker that has a first cost of $75,000 and a maintenance cost

densk [106]

Answer:

The capitalized cost is $ 84,667.20

Explanation:

First of all please note that the cost of $ 75,000 is already the present cost.

The cost of $3200 which occurs every 3 years can be converted into a value using factor A/F for one life cycle.

The capitalized cost then can be calculated as follows :

CC = $ 75,000 + $ 3200(A/F, 10%, 3 years)/interest

CC = $ 75,000 + $ 3,200(0.3021)/0.1

CC = $ 75,000 + $ 9,667.2

CC = $ 84,667.20

6 0

3 years ago

By definition, _____________ is the activity, set of institutions, and processes for creating, communicating, delivering and exc

ANTONII [103]

Answer:

The correct answer is E

Explanation:

Marketing is the procedure or the process of interesting the potential customers or consumers as well as the clients in products or services. In short, it is the procedure which involves distributing, promoting, selling and researching the services or the products.

Therefore, the marketing is the set of institutions, activity and the processes for communicating, delivering and creating that value for the clients, society and customers at huge.

4 0

3 years ago

Jane is an employee of Tyco, Inc. and she is in charge of payroll. Every week she issues a check in the name of a fictitious emp

KengaRu [80]

Answer:

b. Tyco is liable because it authorized Jane to issue payroll checks.

Explanation:

There is the company responsibility to put the right person for the specific job. Here in the given situation Jane would not be a liable person for an vital position of the company. in the case when the fraud done by the employee so the firm would be liable as the company provide the authorization to the person who have to perform that job

Therefore, the option b is correct

4 0

3 years ago

Claremore Company received $7,000 as payment from Tulsa Company for a sale made on account in the previous month. Which of the f

Inessa [10]

Answer:

a. Cash 7,000 Accounts Receivable 7,000

Explanation:

As for the information provided, the payment is received for a sales made in last month, and thus entry at the time of sales shall be:

Accounts Receivables A/c Dr. $7,000

To Sales $7,000

Therefore, when the amount is collected today it will increase cash by debiting cash for the same amount.

Further, balance of accounts receivables will be decreased by crediting such account.

Therefore, correct option is

a. Cash 7,000 Accounts Receivable 7,000

7 0

3 years ago

Suppose that on Jan. 1 2018 you bought a bond at par with the following characteristics: Face Value = $20,000 Coupon rate = 4% M

tatuchka [14]

Answer:

* How much did you pay for the bond?

20,000

* Rate of return if you hold the bond for a year and then sell it, assuming the market interest rate rises by 1 percentage point from the date when you bought the bond is:

3.05%

Explanation:

Because the bond is bought at par, the amount paid for the bond will be equal to the face value of the bond or $20,000.

<u>* Rate of return if you hold the bond for a year and then sell it, assuming the market interest rate rises by 1 percentage point from the date when you bought the bond is: 3.05% which is calculated as below:</u>

+ Price of the bond of the time of selling is equal to the sum of present value of two future cash flows happening in 1 year time from the bond, discounting at the current market rate which is 5%, which are:

. Bond's face value: $20,000 in one-year time => PV = 20,000/1.05 = 19,047.62

. Coupon: 20,000 * 4% = $800 in one-year time => PV = 800/1.05 = $761.90

=> Price of the bond = 19,047.62 + 761.90 = $19,809.52

+ Total receipt from holding the bond for one year = Selling price of the bond + coupon received for one-year holding = 19,809.52 + 800 = $20,609.52

=>Rate of return = Total receipt from holding the bond for one year/ the amount paid for the bond at the beginning = 20,609.52 / 20,000 = 3.05%

4 0

3 years ago