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sp2606 [1]
2 years ago
13

Lang Warehouses borrowed $131,300 from a bank and signed a note requiring 9 annual payments of $15,328 beginning one year from t

he date of the agreement. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)Required:Determine the interest rate implicit in this agreement. (Round interest rate to 1 decimal place.)Solve for iPresent value: n = i %
Annuity payment
Business
1 answer:
KengaRu [80]2 years ago
7 0

Answer:

The interest rate implicit in this agreement is 1%

Explanation:

Present Value = $131,300

n = 9

i = ?

Annuity Payment = $15,328

Use the following formula to calculate the interest rate

PV of Annuity payment = Annuity Payment x ( 1 - ( 1 + r )^-n / r

$131,300 = $15,328 x ( 1 - ( 1 + r )^-9 / r

$131,300 / $15,328 = ( 1 - ( 1 + r )^-9 / r

8.5660 = ( 1 - ( 1 + r )^-9 / r

using Annuity Table the 8.5662 annuity factor for 9 payments shows under 1% interest rate.

So, the answer is 1%

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The Bell Weather Co. is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 1
Keith_Richards [23]

Answer:

$259.34

Explanation:

the value of the stock can be determined using the two stage dividend discount model.

In the first stage, the present value would be determined using a discount rate of 18%.

In the second stage, the present value would be determined using a discount rate of 6%.

Values from the first and second stage would be added together to determine the value of the stock

First stage

Present value in year 1 = ($3.2 x 1.18) / 1.087 = $3.47

Present value in year 2 = ($3.2 x 1.18²) / 1.087² = $3.77

Present value in year 3 = ($3.2 x 1.18³) / 1.087³ = $4.09

Present value in year 4 = ($3.2 x 1.18^4) / 1.087^4 = $4.44

Second stage

($3.2 x 1.18^4 x 1.06) / (0.087 - 0.06) = 243.57

Value of the stock = $3.47 + $3.77 + $4.09 + $4.44 +  243.57 = $259.34

7 0
2 years ago
Type the correct answer in the box. Spell all words correctly.
yuradex [85]

Answer:

Freemium would be the answer for the First one.

Explanation:

Freemium, a portmanteau of the words "free" and "premium", is a pricing strategy by which a basic product or service is provided free of charge, but money (a premium) is charged for additional features, services, or virtual (online) or physical (offline) goods that expand the functionality of the free version of the software. This business model has been used in the software industry since the 1980s. A subset of this model used by the video game industry is called free-to-play.

You are a very beautiful young lady : )

Let me know if you need any more help!

6 0
3 years ago
Scott Company sells merchandise with a one-year warranty. Sales consisted of 2,500 units in Year 1 and 2,000 units in Year 2. It
Alenkasestr [34]

Answer:

$0

Explanation:

Scott Company must record the warranty expense and liability regarding the products sold during the years that they occur. For example, the following journal entry must be made to record the warranty expense for year 1:

Dr Warranty expense 25,000

    Cr Warranty liability 25,000

During year 2, they will record the warranty expense for that year:

Dr Warranty expense 20,000

    Cr Warranty liability 20,000

That means that during year 3, the only warranty expense recorded will be the one related to the goods sold during that year.

8 0
3 years ago
Most Apple retail stores have a Genius Bar staffed with highly trained personnel who can help customers with their purchases of
Over [174]

Answer:

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Explanation:

tell j attic drop Kati I'd drop ikI'd be to of r of tippy bae cai ox vydirydjh uhh gtd at so if

7 0
3 years ago
What steps can Janet take to avoid falling prey to
julia-pushkina [17]

The steps that Janet can take to avoid falling prey to deceptive advertising are the following:

  • <em>Do her research</em>
  • <em>Know what she wants</em>
  • <em>Trust her judgement</em>

  • However, if Janet has already fallen prey to deceptive or false advertising, which is illegal, she can file a lawsuit against the company.

  • The lawsuit aims to recover damages from the company for misleading her into making a purchase or payment for goods or services whose advertising was deceptive.

  • It is generally unethical for a company to mouth a deceptive advertising.

Thus, Janet may not only trust online resources or purchase products from one retailer, she should carry out proper research based on what she wants before trusting her judgement.

Read more about deceptive advertising at brainly.com/question/24271514

3 0
2 years ago
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