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
Trade restrictions tend to preserve ________ in the protected industries and lead to ________ in other industries.
wolverine [178]
Trade restrictions tend to preserve relatively few jobs in the protected industries and lead to job losses in other industries. Trade restrictions can vary from quotas, embargoes, standards, subsidies, tariffs and more that make it hard to trade (important/export) goods between two companies and also set prices for these. Depending on what is allowed and what is not different industries can benefit from the trade restrictions and some can be harmed by them. 
8 0
3 years ago
Now design your own product demonstration about a product you would like to investigate
lapo4ka [179]
So like makeup like does anyone know what this is made out of
It’s made out of bat poop so if you wear make up I advise you don’t
3 0
1 year ago
Paper Corporation owns 75 percent of Scissor Company's stock. On July 1, 20X8, Paper sold a building to Scissor for $33,000. Pap
Kazeer [188]

The depreciation expense will be credited for $750 in the consolidating entries while preparing the 20X8 consolidated income statement,

<h3>What is the depreciation expense?</h3>

This refers to the cost of an asset that has been depreciated for a single period such as in that year.

Depreciation expense = Cost  - Salvage value / Useful life

Depreciation expense = $36,000 - $33,000 / (2 years (semi-annual charges)

Depreciation expense = $3,000 / 4

Depreciation expense = $750

Therefore, the depreciation expense will be credited for $750 in the consolidating entries while preparing the 20X8 consolidated income statement,

Read more about depreciation expense

<em>brainly.com/question/25785586</em>

#SPJ1

3 0
2 years ago
Suppose the current price of a good is $55. At this price, the quantity supplied is 165 units, and the quantity demanded is 240
inysia [295]

Answer:

190

$60

Explanation:

Equilibrium price is the price at which quantity demanded equals quantity supplied

Equilibrium quantity is the quantity at which quantity demanded equals quantity supplied

Let x = change in quantity supplied

the following equations can be derived from the question

165 + 5x = total change in quantity supplied

240 - 10x = total change in quantity demanded

At equilibrium, quantity demanded equals quantity supplied. So,

165 + 5x = 240 - 10x

collect like terms and solve for x

15x = 75

x = 5

this means that quantity supplied would have to increase 5 times : 165 + 5(5) = 190

and quantity demanded would have to decrease 5 times : 240 + 10(5) = 190

equilibrium quantity is 190

equilibrium price = $55 + 1(5) = $60

3 0
2 years ago
After years of research had been conducted at significant cost, Blanco Chemical Company determined a fertilizer they had been de
vodka [1.7K]

Answer:

as a "Deferred Development Cost" on the Balance Sheet.

Explanation:

IAS 38.57 QUOTED

"Development costs are capitalised only after technical and commercial feasibility of the asset for sale or use have been established. This means that the entity must intend and be able to complete the intangible asset and either use it or sell it and be able to demonstrate how the asset will generate future economic benefits"

The cost is measured (500,000) has the intention and resources to complete the asset and is possible to bring into production so it is possible to capitalize it

5 0
3 years ago
Read 2 more answers
Other questions:
  • Apple inc's ipod is the dominant product in the market for mp3 players. suppose that a technology company orange recently introd
    13·2 answers
  • Crane, Inc. estimates the cost of its physical inventory at March 31 for use in an interim financial statement. The rate of mark
    6·2 answers
  • When kam, a marketing manager, drafts an email to communicate to his sales team the targets for the upcoming months, he is engag
    15·1 answer
  • A company manufactures three​ products, A,​ B, and C from a single raw material input. Product C can be sold at the split off po
    8·1 answer
  • A monopolist's goal is to maximize _____. marginal revenue marginal cost profits
    12·2 answers
  • Garth owns two all-terrain vehicles (ATVs), worth $1,000 and $500, respectively. Helen agrees to buy "Garth’s ATV" for $750. Gar
    15·1 answer
  • The best moment to answer the phone is
    15·1 answer
  • If the Federal Reserve lowers the federal funds rate, what will happen to bank savings accounts?
    7·2 answers
  • QUESTION 2 of 10: A sports franchise posted a video which resulted in viewers purchasing 60,000 team shirts. This was 20% of vie
    11·2 answers
  • There are three
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!