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3 years ago

Suppose you are going to receive $13,800 per year for six years. the appropriate interest rate is 8.7 percent. what is the prese

nt value of the payments if they are in the form of an ordinary annuity?

Business

1 answer:

Dmitry_Shevchenko [17]3 years ago

6 0

$13.800 \times 6 \div 8.7\%$

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Q 8.17: The financial statements of the Larson Company report net sales of $1,000,000 and accounts receivable of $80,000 and $60

Phoenix [80]

Answer:

25.55 days

Explanation:

first we must calculate the accounts receivable turnover ratio = net sales / average accounts receivable

net sales = $1,000,000

average accounts receivable ($80,000 + $60,000) / 2 = $70,000

accounts receivable turnover ratio = $1,000,000 / $70,000 = 14.286

average collection period = 365 days / accounts receivable turnover ratio = 365 / 14.286 = 25.55 days

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3 years ago

Which loan type provides interest subsidy meaning department of education pays your interest while.

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Subsidized direct loan provides interest subsidy meaning department of education pays your interest while.

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1 year ago

Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2021. During that time, he earned

laila [671]

The total amount of FICA Taxes (self-employment and employment related) that Kyle owes for 2021 is $17,181.

Data and Calculations:

Kyle = single taxpayer

Self-employment income for three months = $44,000

Employment income for nine months = $178,000

Total income for 2021 = $222,000

FICA taxes:

Social Security tax = $13,764 ($222,000 x 6.2%)

Medicare tax = $3,219 ($222,000 x 1.45%)

Additional Medicare tax = $198 ($22,000 x 0.9%) ($222,000 - $200,000)

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Thus, Kyle's total FICA taxes for 2021 is $17,181.

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3 years ago

What key factor kept the copernican theory from being widely accepted at first?

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The key factor that kept the Copernican is that Roman Catholic Church had decided that earth was the center of the universe and contrary opinions were heresy. The Copernican also proposed that a heliocentric system had decided the the Earth is the center of the universe and all of the contrary opinions regarding this was false.

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3 years ago

Departmental Overhead Rates Lansing, Inc., provided the following data for its two producing departments:

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Answer and Explanation:

The computation is shown below:

1. Overhead rates

For Molding Deptt

= Total Estimated overhead ÷ Total Machine hours

= $400,000 ÷ 5,000

= $80 per machine hour

For Polishing Deptt

= Total Estimated overhead ÷ Total Labor hours

= $80,000 ÷ 20,000

= $4 per machine hour

2. Overheads assigned to Form A is

= (80 × 3500) + (4 × 5000)

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Overheads assigned to Form B is

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Now

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3 years ago