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JulsSmile [24]
3 years ago
15

Cooley Landscaping Company needs to borrow ​$21 comma 000for a new​ front-end dirt loader. The bank is willing to loan the funds

at 9.5​%interest with annual payments at the end of the year for the next 7years. What is the annual payment on this loan for Cooley​ Landscaping?
Business
1 answer:
kaheart [24]3 years ago
8 0

Answer:

$ 4242.76

Explanation:

Annual payment = rP / (1 - ( 1 + r)^-n)

r = rate = 9.5%

P = the amount borrowed = $ 21000

n = number of years

Annual payment = 0.095 ($ 21 000) / ( 1 - (1 + 0.095)⁻⁷ ) =  $ 4242.76

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3 years ago
Which statement about journal entries in QuickBooks Online is true?
IgorLugansk [536]

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the other options are wrong:

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3 years ago
Cason is filing as single and has 2019 taxable income of $36,000 which includes $34,000 0%/ 15 % / 20% net long-term MID capital
AleksandrR [38]

Answer:

The correct answer of this question is b-200$.

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As per tax schedule if income from capital gain is less than 39,375$ 0% tax is charge lieved.

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3 years ago
Pedregon Corporation has provided the following information:
Ulleksa [173]

Answer:

$22,750

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Data provided

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Units produced = 5,000

Variable manufacturing overhead = $1.25

The computation of the total amount of manufacturing overhead cost is shown below:-

Manufacturing overhead = Fixed manufacturing overhead + Variable manufacturing overhead

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