Answer:
$1,125,000
Explanation:
The calculation of the Equity Investment balance is shown below:-
Net equity income = Income - Dividends
= $250,000 - $25,000
= $225,000
Amortization of unrecorded patents = $600,000 ÷ 6
= $100,000
Balance of investment = Initial investment + Net equity income - Amortization of unrecorded patents
= $1,000,000 + $225,000 - $100,000
= $1,125,000
Answer:
Greetings!
Explanation:
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A merchandiser earns net income by buying and selling merchandise.
<h3>Who is a
merchandiser ?</h3>
A merchandiser is a person who is in charge of a product from the moment it is delivered to the store up till the point that the good is delivered to a customer.
In other words, a merchandiser is a person who is charge of good once it is bought from the producer up to the point it is sold to the consumer.
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Answer:
Jill needs to save $18909.41 at 8% for 8 years so as to have $35000 as the down payment required.
Explanation:
The present value formula can be used in the determining the amount money invested at 8% per year so as to give $35000 in 8 years.The formula is given thus:
PV=FV/(1+r)n
FV=future value =$35000
r=rate of return =8%
n=number of years =8 years
PV=$35000/(1+0.08)^8
PV=$18909.41
However it should be noted that at year end the balance of principal and interest earned is reinvested so as earn more interest on both.