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kirill115 [55]
3 years ago
7

Anderson Corporation has purchased a group of assets for $16,600.

Business
1 answer:
Sati [7]3 years ago
4 0

Answer:

C.$ 8 comma 798$8,798

Explanation:

Given,

Purchase value = $16,600

Considering the relative values

Relative value of land = $6,500

Total relative value = 6500 + 2400 + 3400

                                = $12,300

Using the relative value to allocate the purchased value of the land

Purchased cost of land = (6500/12300) × 16,600

                                       = 0.53 × 16,600

                                      = $8,798

The amount that would be debited to the Land is $8,798 Option C

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How will you save money by buying a franchise?
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For most consumers, maximizing utility through consumption generally means finding good deals in order to maximize the utility r
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The explanation of that situation is below.

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8 0
3 years ago
2. Suppose you borrow $2,000 at 5% and you are going to make annual payments of $734.42. How long before you pay off the loan
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Answer:

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The computation of the time period is shown below

Present value of annuity = Annuity × [1 - (1 + interest rate)^-time period] ÷ rate

$2,000 = $734.42 × [1 - (1.05)^-n] ÷ 0.05

$2,000 = $14,688.4 × [1-(1.05)^-n]

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( 1 ÷ 1.05)^n = 0.86383813

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n × log(1 ÷ 1.05) = log0.86383813

n = log0.86383813 ÷ log (1 ÷ 1.05)

= 3 years

6 0
3 years ago
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