The charges would be $10.50 as of the 15th of that current month. Jerrod spent a total of $700. Adjusted Balance Method calculates costs based on the amounts owed/due at the end of the current time period & once any credits or payments have been applied. Multiplying what Jerrod has spent in total & the percentage of interest will give him the balance of interest charges that he can expect to see in addition to the $700 he's spent.
It's also safe to assume the payment on your bill is due on the 16th.
Answer:
B) $5.64 million
Explanation:
SAP inc can receive $500,000/ shipyard and 4 shipyards a year yields gross cash flows of 500*4 = $2,000,000. Half of these are costs that give us a Net cash flow of $1,000,000/ year.
Since there is no maturity of the project we calculate present value of cash flow with the following formula
PV of cash flow = 1,000,000/0.14 = $7.14 million rounded off
NPV = 7.14-1.5 = 5.64 million
Hope that helps.
Answer:
$264,000
Explanation:
Calculation to determine what the accumulated depreciation account will have a balance of:
$240,000 x ($330,000/300,000) = $264,000
Therefore , the accumulated depreciation account will have a balance of:$264,000
