Answer:
c. 11.1%
Explanation:
The formula to compute the implied rate is shown below:
Future Value = Present Value × (1 + Interest rate)
$20,000 = $18,000 × (1 + Interest rate)
$20,000 = $18,000 × (1 + Interest rate)
So, (1 + Interest rate) = 1.1111
So, the interest rate is
= 1.1111 - 1
= 0.1111 or 11.1%
We simply applied the above formula to determine the implied rate on this loan
Marginal cost <span>is the incremental cost of wear and tear on an asset.</span>
Answer:
A debit of $7.6 million to a loss account
Explanation:
Step 1. Given information.
- Carrying value is 21.4 million
- Market value when retired is 29 million.
Step 2. Formulas needed to solve the exercise.
Gain(Loss) = Carrying value - Market value when retired
Step 3. Calculation.
= 21.4 million - 29 million
= 7.6 million
Step 4. Solution.
A debit of $7.6 million to a loss account
I m not sure bet i think the answer is B
Answer:
Explanation:
Make sure you use pen so no one can erase what you put. Also make a line after you right the number so people can't add more numbers. Also don't give a check to anyone that you don't trust!
EXAMPLE ATTACHED