Answer with its Explanation:
Free Money means the money that has to be paid back to the money lender within a reasonable time. The money lender usually is a trader who sells his product at credit allowing his customer a reasonable period to payback. Furthermore, the free money is termed free because they are interest free lendings.
In real life, free money is can be availed by purchasing products from the suppliers if you are acting as a middle man in the distribution channel or you are a small customer and your borrowings doesn't impact the supplier. Almost all of the businesses lend free money in the form of products because allowing credit increases the sales of the organizations.
Answer:
$328000
Explanation:
Given: Cost of machine= $880000
Residual value= 60000
Estimated life= 10 years
Company use straight line depreciation method.
∴ Depreciation = 
⇒ Depreciation= 
∴ Depreciation= 
per year.
Now, lets find the value of depreciation.
∵ Machine is sold on December 31, 2019, which is 6 years after it is installed.
∴ Depreciation value after 6 years= 
Depreciation value after 6 years= 
Next, finding the value of machine after 6 years of depreciation.
Value of machine after 6 years= 
∴ Disposal value of machine after 6 years of usage is 
, however, machine was sold at $225000.
Answer:
D. $ 16 comma 619
Explanation:
Mortgage Installment is compromised of the interest and principal payment. The principal value is calculated by deducting the interest on opening balance of mortgage from installment of the year.
Mortgage Amortization schedule
Date Installment Interest Principal Balance
January 1, 2018 110,000
January 1, 2019 29,066 (110,000x15%) 16500 12,566 97,434
January 1, 2020 29,066 (97,434x15%) 14,615 14,451 82,983
January 1, 2021 29,066 (82,983x15%) 12,447 16,619 66,364
Answer:
35.91%
Explanation:
The formula and the computation of the debt to capital ratio is shown below:
The debt to capital ratio equals to
= (Debt ÷ total invested capital) × 100
where,
Debt = Total capital - stock price × number of shares outstanding
= $110 million - $15 × 4.7 million shares
= $110 - $70.5 million
= $39.5 million
And, the total invested capital is $110 million
So, the debt to equity ratio is
= $39.5 million ÷ $110 million
= 35.91%
Answer:
decrease; increase
Explanation:
Because of the invention of the new technology which is the invention of the cotton gin, the production of the cotton boomed. This also means that the production of the cotton rise which as a result, would make the supplies higher and due to higher supplies, there would be reduction in the price of the cotton. Since, mentioned all factors remain constant which means demand remain constant, so
The equilibrium price of the cotton would be expected to decrease and the equilibrium quantity of cotton would be expected to increase.
