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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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Yuri [45]

Based on the question above, the correct answer goes thus:

  • 2. a and b and cand d

<h3>Chart</h3>

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5 0
3 years ago
On March 1, 2022, Wildhorse Company acquired real estate, on which it planned to construct a small office building, by paying $9
Nitella [24]

Answer:

The amount to be reported as the cost of the land is $ 114,200

Explanation:

Cash paid for the land = $ 98,000

Net cost of demolishing old ware house = $ 11,000 - $ 3,100 = $ 7,900

Attorney's fee = $2,000

Real estate broker's fee = $ 6,300

Total cost of the land = Cash paid for the land + Net cost of demolishing old ware house + Attorney's fee + Real estate broker's fee

= $98,000 + $ 7,900 + $2,000 + $ 6,300

= $ 114,200

4 0
3 years ago
The payroll department provides services for several plants in the city of yee haw junction. the payroll department's budget is
Oksi-84 [34.3K]

Answer:

The amount that the lighting plant be charged from the payroll department for its services is $25,000

Explanation:

Provided data from the question:

Payroll budget = $100,000

number of checks issued per week = 4000

number of employees = 1000

Since, the service department charge rate is calculated as the total service department expense divided by total service department usage, the amount that should be charged from the payroll department for its services;

= $100,000 ÷ 4,000

= $25 × 1,000

= $25,000.

6 0
3 years ago
Meat Puppets Company purchased equipment for $7,200 on December 1. It is estimated that annual depreciation on the equipment wil
Akimi4 [234]

Answer: Debit Depreciation Expense, $150; Credit Accumulated Depreciation, $150

Explanation:

Depreciation is the decrease in fixed assets for use. At the end of each year the amount corresponding to the use of the assets is carried to accounting expenses, crediting the accumulated depreciation as a counterpart.

In this case it is only one month of depreciation, therefore if we know that annually the asset is going to depreciate US $ 1800, between twelve months it would be US $ 150, which would be due to expenses and credited to accumulated depreciation.

5 0
3 years ago
A study of donor behavior for the International Red Cross seeks to identify participation from consumers through indirect gifts
yuradex [85]

Answer: C. sensitive information

Explanation: A. precision

B. time for though

C. sensitive information

D. recall and memory decay

E. presumed knowledge

The instrument designer should be aware of errors arising from the issue of sensitive information when writing the target questions for the study. The issue of sensitive information deals with information that must be protected against unwanted disclosure and thus must be safeguarded usually because of legal, security or ethical reasons. It borders issues concerning personal privacy such as individual donor records, or those pertaining to proprietary considerations.

5 0
3 years ago
Read 2 more answers
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