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
RideAnS [48]
3 years ago
10

Compute the present value of​ $46,000, invested for six years at​ 8%. Present value of​ $1: ​5% ​6% ​7% ​8% ​9% 3 0.864 0.840 0.

816 0.794 0.772 4 0.823 0.792 0.763 0.735 0.708 5 0.784 0.747 0.713 0.681 0.650 6 0.746 0.705 0.666 0.630 0.596 7 0.711 0.665 0.623 0.583 0.547
Business
1 answer:
Novay_Z [31]3 years ago
6 0

Answer:

$72,996.20

Explanation:

PV=X(1+i)^n

i=8/100 = 0.08

X=$46,00

n=6

PV=46000 ( 1 + 0.08)^6

Pv=46000(1.08)^6

Pv=46000(1.586874)

Pv=72996.204

Pv=$72996.20

The present value of $46000 invested for six years at 8% is $72,996.20

You might be interested in
An asset used in a 4-year project falls in the 5-year MACRS class for tax purposes. The asset has an acquisition cost of $9,100,
sveticcg [70]

Answer:

$2,343,120

Explanation:

The computation of the after tax salvage value of the asset is shown below:

Written down cost of asset after 4 years = Acquisition cost of an asset - 4 years  depreciation

= $9,100,000 × (100 - 20 - 32 -19.20 - 11.52)%

= $1,572,480

Refer to the MACRS table

Now

Selling price = $2,600,000

Gain on Sale is

= $2,600,000 - 1,572,480

= $1,027,520

So,

Tax on Gain is

= $1,027,520 × 25%

= $256,880

So,

After tax salvage value = Sales Price - gain on tax

= $2,600,000 - $256,880

= $2,343,120

8 0
3 years ago
Watches, an online watch store, recently adopted a new enterprise resource planning (ERP) system to help keep track of the compa
Nutka1998 [239]

Answer:

Management Information Systems

Explanation:

Watches, an online watch store, recently adopted a new enterprise resource planning (ERP) system to help keep track of the company's inventory and to deliver customers' orders on time. The company's adoption of the new ERP system reflects a change in the area of <u>Management Information Systems.</u>

Companies use the knowledge of Information Systems to streamline company operations and manage various systems <u>to better serve their clients.</u>

7 0
3 years ago
Griffin's Goat Farm, Inc., has sales of $796,000, costs of $327,000, depreciation expense of $42,000, interest expense of $34,00
mote1985 [20]

Answer:

The correct answer is $310,470.

Explanation:

According to the scenario, the computation of the given data are as follows:

First we calculate gross profit:

Gross profit = Sales - Cost of Goods Sold = $796,000 - $327,000 = $469,000

Now, Earnings Before Tax = Gross profit - Depreciation - Interest

= $469,000 - $42,000 - $34,000 = $393,000

So, Net income = Earnings Before Tax - Tax percent on EBT

= $393,000 - 21% × $393,000

= $393,000 - $82,530

= $310,470

6 0
3 years ago
Read 2 more answers
Suppose from the first step of candy bar manufacture (formation of nougat) to the final step (packaging) each candy bar spends e
noname [10]

Answer:

25,000

Explanation:

Given that,

Time taken from first step to final step, cycle time = 1.25 hours

Demand for candy bars = 20,000

Throughput time = 20,000 candy bars per hour

Candies in process is work in progress:

= cycle time × Throughput time

= 1.25 hours × 20,000 candy bars per hour

= 25,000

Therefore,

25,000 candy bars are in process, on average.

4 0
3 years ago
The daily grind operates a chain of coffee shops. the company pays rent of $20,000 per year for each shop. supplies (napkins, ba
Ronch [10]
I think it's 17,000. I there any answer choices?<span />
4 0
3 years ago
Other questions:
  • Assume that Diego has S400 per month to divide between playing paintball and playing golf. Assume that playing paintball costs S
    13·1 answer
  • Good buys has current assets of $2,500,000 and current liabilities of $1,000,000. if they issue $50,000 of new stock, what will
    8·1 answer
  • Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and excellent location, demand has incr
    13·1 answer
  • where cost is in dollars and time is in minutes. The cost of driving an automobile is $5.50 with a travel time of 21 minutes, wh
    15·2 answers
  • 27.Your bank offers to lend you $100,000 at an 8.5% annual interest rate to start your new business. The terms require you to am
    5·1 answer
  • Sunland Company reports the following operating results for the month of August: sales $382,500 (units 5,100), variable costs $2
    12·1 answer
  • Wall Drugs offered an incentive stock option plan to its employees. On January 1, 2021, options were granted for 75,000 $1 par c
    5·1 answer
  • Vihaan Chemicals Company processes a number of chemical compounds used in disinfecting health club fitness equipment. One compou
    12·1 answer
  • Claudia and Giada own an online store that sells wall clocks. From an operations perspective, the clocks they build
    7·1 answer
  • How are safety and cost affected by the use of informatics at the point of care? Give two to three specific examples.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!