Answer:
Explanation:
N = 4 (5-year bond - 1 year (ago))*2 = 8
I% = YMT= 8/2 = 4
PMT = (1,000)(.07) = 70/2 = 35
FV=1,000
Calculating PV, PV=966.34
Answer: A. help you understand the potential and the limitations of information technology
Explanation: Helping you understand some, if not all of the potential and limitations of information technology is among the usefulness of technical skills which are skills, abilities, knowledge or expertise that are needed to perform complex tasks, processes or actions that are computational, mechanical, scientific or relating to information technology. Examples include the knowledge of programming languages, mechanical tools, design programs etc.
Answer:
The lum-sum must equal $5,369,009.59
Explanation:
Giving the following information:
First option:
Annual payment= $420,000
Number of periods= 25 years
Interest rate= 6%
<u>First, we need to calculate the future value of the first option using the following formula:</u>
<u></u>
<u>FV= {A*[(1+i)^n-1]}/i</u>
A= annual deposit
FV= {420,000*[(1.06^25) - 1]} / 0.06
FV= $23,043,095.04
<u>Now, to determine the lump-sum to receive today, we need to determine the present worth of the annuity:</u>
PV= FV / (1 + i)^n
PV= 23,043,095.04 / (1.06^25)
PV= $5,369,009.59
Explanation:
The journal entry to record the estimated uncollectible accounts is shown below:
Bad debt expense Dr $7,500
To Allowance for uncollectible accounts $7,500
(Being the bad debt expense is recorded)
The computation is shown below:
= Estimated amount for uncollectible accounts - credit balance in allowance for uncollectible accounts
= $12,000 - $4,500
= $7,500
He is out of pocket by $32 to purchase the camera, and $90 to pay the medication store, however he is in stash by $62 in his till, so his net loss is $60.
Diverse bookkeepers would include or subtract the different things in an alternate request, so some ways would look more straightforward than others, however there is no single right way.
