Answer:
$347,697
Explanation:
The interest revenue which shall be recorded by the Savor Corporation for the year ended 2018 in respect of equipment leased to Spree Company shall be calculated using the following mentioned formula:
Interest revenue=(Present value of lease equipment as at January 1, 2018-payment made on January 1, 2018)*interest rate
In the given question:
Present value of lease equipment as at January 1, 2018= $4,561,300
Payment made on January 1, 2018=$698,000
Interest rate=9%
Interest revenue=($4,561,300-$698,000)*9%=$347,697
Answer:
A) $28620 greater than if the company bought the part
Explanation:
The cost to produce the parts for Jackson Corporation amounts to $117000 for 26000 produced. The variable cost per unit is only 70000/26000 = $2.69 / unit.
On the other hand, purchasing from the outside supplier would cost $4.62 per unit along with $21500 in fixed costs. (43000 / 2 =21500)
Thus, it will cost $141620 (21500 + 4.62*26000) to purchase 26000 units from outside.
The benfit of producing these units by Jackson corporation is 141620 - 113000 = $28620.
D neither the investsmeant advice nor the investment adviser representatives are required to reregister
in the state
Answer:
the amount of interest that is collected is $503.75
Explanation:
The computation of the amount of interest that is collected is shown below:
= Cash loan × number of days ÷ total number of days × rate of interest
= $31,000 × 90 days ÷ 360 days × 6.5%
= $503.75
Hence, the amount of interest that is collected is $503.75
This is the answer but the same is not provided in the given options
We simply applied the above formula so that the correct value could come
And, the same is to be considered
