1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Verdich [7]
3 years ago
5

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 factor for 7 years at 9% is 5.0330. The present value of a single sum factor for 7 years at 9% is 0.5470. The present value of the loan is: Multiple Choice $63,000. $9,000. $45,297. $16,453. $4,923.
Business
1 answer:
Ksivusya [100]3 years ago
5 0

Answer:

$45,297

Explanation:

Data provided as per the question

Installment = $9,000

Present value factor = 5.0330

The calculation of present value is shown below:-

Present value = Installment × Present value factor

= $9,000 × 5.0330

= $45,297

Therefore for computing the present value of the loan we simply multiply the installment with present value factor.

You might be interested in
Which of the following statements is CORRECT? a. Because most stock ownership is concentrated in the hands of a relatively small
lbvjy [14]

Answer:

d. The potential exists for agency conflicts between stockholders and managers.

Explanation:

  • A problem of the agency is a conflict of the interest of relationships where one party is expected to act in another best interest and usually refers to the conflicts of the interest between the companies management and the stockholders.
6 0
3 years ago
Once a trial balance has been prepared, the next step of the accounting cycle involves: a. Classifying the transactions into log
Mice21 [21]

Answer:

The correct answer is letter "B": Preparing financial statements such as the balance sheet, income statement, and statement of cash flows.

Explanation:

A trial balance is a worksheet listing the debit and credit balances of all the ledger accounts for an entity. Under accounting theory, the total of all the debits must equal the total of all the credits. Since the trial balance is a list of all the accounts it serves as an accuracy check before the company prepares the financial statements including the <em>Balance sheet, Income </em>and <em>Cash Flows Statements</em>.

3 0
3 years ago
How can professional education improve the life of people​
devlian [24]

The education or educational programs which helps us to get the required practical and theoretical knowledge is called professional education. If we are provided with professional education it helps us to improve the lifestyle of people. We get job according to our knowledge. Which means if we have got professional education it helps us to get better job which provides us with good amount of money. And if we provided with better money our standard of living becomes good.

3 0
2 years ago
In recent years, the trend among U.S. firms is to outsource the "production" of certain service activities to developing nations
Amiraneli [1.4K]

Answer:

TRUE

Explanation:

We currently live in a globalized world. Globalization is an economic and political phenomenon that has transformed the relations of production and labor. The companies started to produce in countries where the labor is cheaper, becoming consequently more competitive. Thus, US multinational companies outsource the manufacture of components of their products in different territories. For example, an Iphone has components made in China, Vietnam and others. This makes the final price of the iphone lower around the world.

5 0
3 years ago
How are chain restaurants started
Rom4ik [11]
Usually they start out small as family-owned restaurants and gradually increase until chains are created
8 0
2 years ago
Read 2 more answers
Other questions:
  • you are invited to play the following game: an urn holds two white and three black balls, and you draw three balls randomly. If
    10·1 answer
  • Some part of income inequality is likely to be the result of discrimination. But other factors responsible for inequality includ
    6·1 answer
  • Why do governments exist? (Choose three responses)
    11·2 answers
  • Joana volunteers to deliver a last-minute presentation on behalf of her team. Which quality is Joana demonstrating?
    9·2 answers
  • Rick has been distressed over a long period of time. He has had problems coping with life and relating to people. In addition, h
    11·1 answer
  • Swifty Corporation issued 3,100 5%, 5-year, $1,000 bonds dated January 1, 2017, at face value. Interest is paid each January 1.
    11·1 answer
  • What is global standardization strategy​
    13·1 answer
  • An entrepreneur needs to raise $20,000 for improvements to her factory. She plans to contribute 60 percent of this sum from her
    12·1 answer
  • What is the proper balance between dealing with negative externalities through government regulation or through torts?
    12·1 answer
  • Being in short supply is what?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!