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In-s [12.5K]
3 years ago
15

An ordinary annuity selling at $14,130.15 today promises to make equal payments at the end of each year for the next twelve year

s (N). If the annuity’s appropriate interest rate (IN) remains at 8.00% during this time, the annual annuity payment (PMT) will be
Business
1 answer:
lutik1710 [3]3 years ago
5 0

Answer:

PMT = $1875.00

Explanation:

The annuity refers to a series of fixed payments made after an equal interval of time and for a definite time period. The formula for the present value of annuity is,

<u />

<u>For ordinary annuity</u>

PV of annuity = PMT * [(1 - (1+IN)^-n) / IN]

Plugging in the values for the available variables. We calculate the PMT to be,

14130.15 = PMT * [(1 - (1+0.08)^-12) / 0.08]

14130.15 = PMT * 7.536078017

14130.15 / 7.536078017   =   PMT

PMT = $1875.000493 rounded off to $1875.00

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WARRIOR [948]

Answer:

Using cc means that you send the email to another person — or other people — in addition to the primary recipient or recipients. When you use cc, everyone who receives the email can see who else received it. Bcc (“blind carbon copy) also sends a copy of the email to one or more people beyond the primary recipient(s).

Explanation:

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3 years ago
The motives of those involved in unethical behavior that caused the financial crisis in the real estate, banking, and mortgage i
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The motives of those involved in unethical behavior that caused the financial crisis in the real estate, banking, and mortgage industries included Option A greed and the wish to inflate their own earnings.

<h3>What is  unethical behavior?</h3>

unethical behavior bare behavior that is contrary to the rules and principle of the organization.

In most cases it is usually as a result of greed and the wish to inflate their own earnings.

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2 years ago
A company pays each of its two office employees each Friday at the rate of $210 per day for a five-day week that begins on Monda
marusya05 [52]

Answer:

Correct answer is:

Debit Salaries Expense $840

Credit Salaries Payable $840

Explanation:

2 employees each paid at $ 210 per day so daily salary expense is $210*2 = $420.

The accounting period ends on Tuesday and both employees work for Monday and Tuesday so the 2 days salaries expense is $420*2= $840.

As the salaries are paid on every Friday so there is a liability on a company for the 2 days salary payable to be recorded on accounting period close date i.e Tuesday.

4 0
3 years ago
Read 2 more answers
On 20/07/2019, "ABC" Company sold goods to customer "X" with a total value of $120.000 The customer pad
shepuryov [24]

Answer:

1) total sales revenue = $120,000

this amount holds regardless of how much money was collected in cash or if an account/note receivable was recorded

2) the company must recognize interest revenue:

principal = $72,000

interest revenue = $72,000 x 10% x 40/360 days = $800

Dr Interest receivable 8000

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2 years ago
In the long run the prices charged by a firm in monopolistic competition will be
kumpel [21]

Answer: The correct answer is "d. equal to average cost, including the opportunity cost of capital.".

Explanation: In the long run the prices charged by a firm in monopolistic competition will be equal to average cost, including the opportunity cost of capital.

In long-term monopolistic competition, the demand curve will be tangent to the average long-term cost and the price set at this level. The benefits will be equal to zero and therefore there will be no entry or exit of companies.

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3 years ago
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