Answer:
Total cost of the machine = $23500
Explanation:
given data
Purchase price = $20,000
Freight expenses = $1,000
Installation = $2,000
Testing = $500
property tax = $400
solution
we get here Total cost of the machine that is express as
Total cost of the machine = purchase price + fright expenses + installation + testing .....................1
put here value and we get
Total cost of the machine = $20,000 + $1,000 + $2,000 + $500
solve it we get
Total cost of the machine = $23500
Answer:
310,588.5
Explanation:
As is not said we can assume the 2,100 each year to be paid at the end of the year, and the 7% to be used as a compunded anually rate. So let´s first think just about the 2,100, as they are regulary payments, they can be seen as an anuity inmediate, the formula is as follows:
where sn is the future value of the regular payments, i is the interest rate and n is the number of payments and p is the amount of regular payment so in this particular case we have:
=198,367.65
So now let´s think on the gift of 29,000 as it is paid on 10 years, there will remain 20 years with an investment rate of 7% compounded anually. so there we have the classic formula of future value
where FV is the future value, PV is the present value, i is the interest rate per period, and n is the number of periods. Again in this particular case we have:
so the total amont will be:
total=198,367.65+112,220.85
total=310,588.5
The answer for the question is true
The process of associating numerical amounts to the elements in the financial statements is called <u>Measurement</u>.
Financial statements are written data that supply a business enterprise's industrial company activities and economic performance. economic statements are regularly audited through authorities corporations, accountants, corporations, and so forth. to ensure accuracy and for tax, financing, or investing functions.
"Probable future monetary blessings obtained or controlled by way of a particular entity because of beyond transactions." property. Disclosure refers to the system and further records within the Financial statements and notes.
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Answer and Explanation:
The computation is shown below:
a. The amount that should be paid is
= $4,500 - $1,200 - ($4,500 - $1,200) × 2%) + $140
= $4,500 - $1,200 - $66 + $140
= $3,374
And,
b. The amount that should be paid is
= $7,650 - $450 - ($7,650 - $450) × 1%
= $7,650 - $450 - $72
= $7,128
In this way the amount to be paid in full could be determined
