Answer:
$1,104,000
Explanation:
The computation of the consolidated valance of the equipment account as on Dec 31, 2018 is shown below:
As per the data given in the question,
Particulars Amount
Equipment with a book value $975,000
Add: Kenneth Equipment = $105,000
Add: Original purchase price for Kenneth = $120,000 - $90,000 = $30,000
Less: Amortization of allocation = ($30,000 × 2) ÷ 10 = $6,000
Consolidated balance for equipment $1,104,000
We simply added the
= $975,000 + $105,000 + $30,000 - $6,000
= $1,104,000
Denote the principal amount: P
In 25 years, a bond with a 4.75% annual interest rate earned $2,375 as interest.
=> P x (1 + 4.75/100)^25 - P = 2375
=> P x 3.19 - P = 2375
=> P x 2.19 = 2375
=> P = 2375/2.19 = 1084.48$
The principal is most commonly used to refer to the original amount borrowed on a loan or invested in an investment. It can also refer to the face value of a bond, the owner of a private company, or a key participant in a transaction.
Suppose you buy a home for $ 300,000 with a 20% down payment. In this case, you will pay back $ 60,000 on your loan. The mortgage lender then pays $ 240,000, which is the cost of the loan balance. In this case, the principal balance will be $ 240,000.
Learn more about the principal amount here
https://brainly.in/question/13982672
#SPJ4
Marginal revenue is equal to marginal cost.
A perfectly competitive firm will maximize profits (minimize losses) by producing the level of quantity.
The profit maximize firms will occur at a level of quantity where marginal revenue equals to the marginal cost. It can also maximize its profit when its total cost curve intersects curve. Economic profit is the difference between the total revenues and economic costs.
Perfectly competitive firms are called the price taker firm to maintain and maximize profits. It definitely raise the prize for its profit otherwise it losses all its production in terms of sales. It is generally an atomic market condition intensively depending on ideal price.
To learn more about perfect competition here,
brainly.com/question/28081306
#SPJ4
