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djyliett [7]
3 years ago
11

What is the future value of a $500 annuity payment over eight years if interest rates are 14 per 14 percent

Business
1 answer:
Charra [1.4K]3 years ago
6 0

Answer:

FV= $6,616.38

Explanation:

Giving the following information:

Annual cash flow= $500

Number of periods (n)= 8

Interest rate= 14%

<u>To calculate the future value, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual cash flow

FV= {500*[(1.14^8) - 1]} / 0.14

FV= $6,616.38

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Beerbo purchased a machine on July 1, 2021 for $28,000. Beerbo also paid $200 in title fees; $125 in taxes; $500 in delivery cha
Dahasolnce [82]

Answer:

$29,100

Explanation:

The cost of an asset which needs to be capitalised is the sum of all costs needed to make the asset usable, it includes purchase price, taxes, installation costs etc.

According to given question following balances will be capitalised in the MACHINE account.

Price                      $28,000

Title fee                 $125

Taxes                     $500

Delivery charges  <u>$475      </u>

Total cost              <u>$29,100</u>

8 0
3 years ago
Which of these is true of the items in Column B in relation to Column A?
katen-ka-za [31]

Answer:

B. They are wants related to needs in Column A

Explanation:

The question is incomplete!!!

Please refer the complete question below:

Which of these is true of the items in Column B in relation to Column A?

Column A- water, safe housing, shirt

Column B- coffee, beach house, designer blouse

Answer Explanation

Needs are based on physiological, personal, or socio-economic requirements necessary for you to function and live, like water, safe housing, etc in Column A

Wants are a means to fulfilling our need like coffee, beach house, etc in Column B

3 0
2 years ago
Read 2 more answers
What are the 3 important reasons to reconcile bank ​
joja [24]

Answer:

Catch Errors. Misread receipts, transposed numbers and forgotten entries in the check register are common accounting errors and are easily rectified. ...

Avoid Surprises. ...

Save Money. ...

Verify Cash Flow. ...

Prevent Fraud.

Explanation:

8 0
2 years ago
Consider the economy of Athenia. In 2018, Athenia has a GDP of $100 billion and a net national debt of $50 billion. Over the nex
k0ka [10]

Answer:

Note: after an online research I found the questions. Comparing the debt ratios and analyze the causes of change.

Explanation:

Athenia’s debt ratio in 2018 is 50 % ( 50/100)

Athenia ‘s debt raiot in 2023 is 45.8% ( 55/120)

During this period, Economy of Athenia has increased larger than the debt. Hence, debt to GDP ratio has declined.

thus, the ratios changed because the economy grew a higher than the national debt.

7 0
3 years ago
Read 2 more answers
Question help the muffin house produces and sells a variety of muffins. the selling price per dozen is​ $15, variable costs are​
Ivanshal [37]
Breakeven point in units
Fixed cost÷(selling price-variable cost)

4,200÷(15−9)=700 units
7 0
3 years ago
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