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NemiM [27]
3 years ago
12

onghorn Fabricators Inc. plans to expand its metals-forming facility over the next 5 years. The company will add 20,000 square f

eet to its 100,000-square-foot plant as it adds robotic welding units, additional laser technology, and automated loading facilities. Construction at the plant is expected to start by the end of next year. The company expects to pay 5 equal payments of $250,000 every 12 months over the 5 year period. What is the future value of the total improvement cost, if the interest rate is 18% per year, compounded every 12 months?
Business
1 answer:
Ann [662]3 years ago
7 0

Answer:

Future value of total improvement cost = $1,788,552.44

Explanation:

As per the data given in the question,

Regular deposit amount = $250,000

No. of period = 5 years

Interest rate = 18%

Future value = Regular deposit amount × [((1+interest rate per period)^no. of period - 1) ÷ interest rate per period]

Face value = $250,000×[((1+0.18)^5-1) ÷ 0.18]

= $250,000×7.154

= $1,788,552.44

Future value of total improvement cost = $1,788,552.44

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High income countries with larger governments as a share of gdp have generally
Scorpion4ik [409]

Answer: High income countries with larger governments as a share of GDP have generally grown at a slower rate than the countries with smaller governments.

Explanation: Developing countries or countries with less money typically grow at a faster rate than higher income countries because returns related to capital are not as strong. In richer countries, they have higher capital and tend to grow at a slower rate.

5 0
3 years ago
Presented below are two independent cases related to available-for-sale debt investments. Case 1 Case 2 Amortized cost $41,640 $
netineya [11]

Answer:

Case 1 = $9,420

Case 2 = 0

Explanation:

Determining the amount of impairment loss is given below:-

Case 1

Impairment loss = Amortized cost - Fair value

= $41,640 - $32,220

= $9,420

Case 2

Impairment loss = Amortized cost - Fair value

= 91,800 - $102,220

= 0

Since, the fair value is higher than Amortized cost so the value of Impairment loss in case 2 is 0.

5 0
3 years ago
On July 23 of the current year, Dakota Mining Co. pays $7,147,920 for land estimated to contain 9,048,000 tons of recoverable or
Korolek [52]

Answer:

ore deposits     7,147,920 debit

           cash                  7,147,920 credit

--to record purchase of land with ore deposit--

machinery         1,900,080 debit

        account payable       1,900,080 credit

Account payable 1,900,080 debit

            Cash                      1,900,080 credit

--to record machine installation and payment of it 2 days later--

depletion expense          368,535

depreciation expense       97,965

ore deposit                                          368,535‬

equipment accumulated depreciation 97.965‬

Explanation:

the first entries are quite self-explanatory

<u>Now, to calculate the depreication and depletion:</u>

The machine will be depreciate at the same phase as the ore deposit As the asset is relate to it and will have no value after the miniming project ends.

depreciation  for the year:

466,500 / 9,048,000 x 7,147,920  = 368.535‬ ore deposit amortization

466,500 / 9,048,000 x 1,900,080 =    97.965‬ equipment depreciation

3 0
3 years ago
WILL MARK BRAINLIEST
Mnenie [13.5K]

Answer:

Fixed assets

Explanation:

4 0
3 years ago
How many times per year can a 529 plan account holder move funds from one plan to another?
Greeley [361]

I dont know but i think its

B) 1

7 0
3 years ago
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