Answer:
$ 896,000.00
Explanation:
September $800,000
October $920,000
November $840,000
December $760,000
Payments for November:
30percent purchase for November: = 30/100 x $ 840,000.00
= $ 252,000.00
70 percent payment for the previous month
=70/100 x $ 920,000.00
= 644,000.00
Total payments = $ 252,000 + $ 644,000.00
=$ 896,000.00
The net present value of the proposed investment is closest to $5,146.
Net present value = Present value of cash-flows - Initial investment
<u>Given Information</u>
PV of cashflows at 18%
Cash flows PV at 18% P.V. of cash-flows
$12,000 (Cost saving) 3.127 $37,524
$6,000 (Salvage) 0.437 <u>$2,622</u>
Total <u>$40,146</u>
Net present value = $40,146 - $35,000
Net present value = $5,146
Therefore, the net present value of the proposed investment is closest to $5,146.
Learn more about Net present value
<em>brainly.com/question/25748668</em>
Answer:
C) $16,000.
Explanation:
cash paid for insurance premiums = total insurance expense + ending balance of prepaid insurance - beginning balance of prepaid insurance
cash paid for insurance premiums = $15,200 + $3,000 - $2,200 = $16,000
Generally when you purchase an insurance policy you can either pay every month or pay for several months in advance and get a discount. When you pay for several months in advance, you must debit prepaid insurance. Then as time passes, you must accrue insurance expense. For e.g. you pay $2,400 today for a 1 year insurance premium, and at the end of the month you will accrue $200 of insurance expense. But your cash payment was made today.
Answer:
c. $3,800
Explanation:
Calculation for the amount of taxable income
Using this formula
Taxable income =Interest income from a checking account+Interest income from corporate bonds +Interest income from federal bonds
Let plug in the formula
Taxable income =$1,000+$2,050+$750
Taxable income=$3,800
Therefore on his current year tax return the amount of his taxable income will be $3,800
