1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sashaice [31]
3 years ago
14

Latting Corporation has entered into a 7 year lease for a building it will use as a warehouse. The annual payment under the leas

e will be $4,781. The first payment will be at the end of the current year and all subsequent payments will be made at year-ends. What is the present value of the lease payments if the discount rate is 6%?A) $31,573B) $22,257C) $33,467D) $26,688
Business
1 answer:
ira [324]3 years ago
3 0

Answer:

D) $26,688

Explanation:

The computation of the present value is shown below:

= Annual payment × PVIFA for 7 years at 6%

= $4,781 × 5.5824

= $26,688

Refer to the PVIFA table

Simply we multiply the annual payment with the PVIFA so that the accurate amount can come.

The present value is come after considering the discount rate for the given number of periods

You might be interested in
1. Tells whether a company can pay all its current liabilities if they become due immediately 2. Measures a company's success in
kirill [66]

Answer: Incomplete question.

Match the following terms to there definition.

Explanation:

1. Tells whether a company can pay all its current liabilities if they become due immediately - Quick Ratio

2. Measures a company's success in using assets to earn income - Return on Assets

3. The practice of comparing a company with other companies that are similar - Benchmarking

4. Indicates how rapidly inventory is sold - Inventory turnover

5. Shows the proportion of a company's assets that is financed with debt - Debit Ratio

6. Tells the percentage of a stock's market value that the company returns to stockholders annually as dividends - Dividend Yield

7. Measures a business's ability to pay interest on its debt - Interest coverage ratio

8. Measures a company's ability to collect cash from credit customers -

Account Receivable Turnover

3 0
2 years ago
Responsible boaters use cleaning products that won't harm lakes or rivers. which product is a responsible choice for cleaning yo
Stella [2.4K]
Keeping the boat you are riding clean is the most fundamental responsibility to do in order to maintain the structure and efficiency of the watercraft. In addition, its hull is at most important to be cleaned using detergents. Among this type of detergent that is commonly used in cleaning would be a non-phosphate detergent.
5 0
3 years ago
Read 2 more answers
Steeler Manufacturing uses an unrelated diversification strategy throughout its operations. For instance, Steeler has five core
galina1969 [7]

Answer:

highly-diversified

Explanation:

Based on the scenario being described within the question it can be said that Steeler Manufacturing would be considered a highly-diversified firm. This term refers to a business/organization that has a wide varied array of operations, all of which are completely unrelated to one another. Which is exactly what Steeler Manufacturing has with it's five subsidiaries. All of which are successful.

5 0
3 years ago
The market for used cell phones is very popular in Barylia. However, several phones available in this market are of inferior qua
irina1246 [14]
Has only one seller I think
5 0
3 years ago
Cynthia hamilton is launching a chain of smoothie restaurants. among cynthia's key partners will be firms that provide her the i
Ivan
The answer is suppliers

7 0
2 years ago
Other questions:
  • Daryl is the founder of a successful smartphone application. He is detail-oriented and has high expectations of his employees. H
    11·2 answers
  • How could a government regulate a natural monopoly? Check all that apply. a.It could buy out the company and operate it instead.
    10·2 answers
  • Sierra owns a small business and handles many responsibilities, from logistics to marketing. She's seen a lot of success with Go
    8·1 answer
  • Which of the following statements accurately describes the economic policy of mercantilism?
    10·1 answer
  • The semester project came back from the copy store and the project leader has just noticed that the left side y-axis of a key Pa
    5·1 answer
  • From the next year onwards, Colt Systems is estimated to have an EBIT of $15 million. It will also spend $6 million annually on
    10·1 answer
  • Unloading the dishwasher is an example of a _____.
    8·1 answer
  • Bethany needs to borrow $8,000. She can borrow money at 6.9% simple interest for 3 yr or she can borrow at 6.5% with interest co
    13·1 answer
  • Soda companies are worried because sales have fallen flat. People today are more concerned about their sugar intake and want to
    5·2 answers
  • in some industries, technology drives globalization because the economies of scale necessary to reduce costs cannot be met by co
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!