The present value of the periodic payment of $7,317 is given by:
Therefore, <span>the decrease in notes payable that peachtree company should record in the first year is $5,216.92</span>
Answer:
1) conversion costs = direct labor + manufacturing costs = $29,700 + $21,200 = $50,900
2) prime costs = direct labor + direct materials = $29,700 + $46,600 = $69,900
3) direct labor = 45% of conversion costs
conversion costs = direct labor + manufacturing overhead
manufacturing overhead = 55% of conversion costs
conversion costs = $80,300 / 55% = $146,000
direct labor = $146,000 - $80,300 = $65,700
<span>A reload fee is a fee that is charged to a prepaid card because you are loading funds onto the card when you have them available. The reload fee applies to cards in which the cash is "real" versus chargining to a credit card to pay at a later time. The credit card company will charge a late fee, balalnce transer fee and some will charge a membership fee. </span>
This example shows that <u>economic boom periods can overheat and lead to speculative bubbles.</u>
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<h3><u>A Speculative Bubble: What Is It?</u></h3>
A speculative bubble is characterized by a rapid, dramatic price increase that is driven more by market momentum and mood than by underlying fundamentals.
Fundamentals like significant profit growth or hopes of future market dominance at first fuel the speculation, but these fundamentals are eventually overtaken by other factors that don't reflect the real value of the company or industry.
Prices rise when investors rush to buy, thinking that prices will rise further and that if they don't buy, an opportunity will pass them by.
Fundamentals eventually overtake momentum, the bubble bursts, the stock tanks, and prices fall back to their pre-bubble levels.
Learn more about speculative bubble with the help of the given link:
brainly.com/question/16810603?referrer=searchResults
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