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3 years ago

Inflation is best understood as the rate at which __________.

1 answer:

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Prices are increasing.

'Prices' are generally a measure of a bundle of goods and services that consumers purchase on a regular basis.

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On January 1, 2021, Maywood Hydraulics leased drilling equipment from Aqua Leasing for a four-year period ending December 31, 20

zlopas [31]

Answer: See explanation

Explanation:

The appropriate entries for Maywood on January 1, 2021 and December 31, 2021, related to the lease goes thus:

January 1, 2021:

Debit Right of use asset $368291

Credit Lease payment $368291

December 31, 2021:

Debit Ammortization expense $92073

Credit Rights of use asset $92073

Debit Interest expense $25780

Debit Lease payable $78220

Credit Cash $104000

The working to the above entries has been attached

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3 years ago

You just made the last monthly payment on a 30 year mortgage -- the house is yours! In your joyous moment, you calculate how muc

makkiz [27]

Answer:

$112,807

Explanation:

To calculate the amount of money you borrowed, you have to use the formula to calculate the present value:

PV=FV/(1+r)^n

PV= pressent value

FV= future value= 647,514

r= rate= 6%

n= number of periods of time= 30

PV=647,514/(1+0.06)^30

PV=647,514/(1.06)^30

PV=647,514/5.74

PV=112,807

According to this, you originally borrowed $112,807 for this house.

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4 years ago

Presented below are two independent situations.

rewona [7]

Answer: a)Interest expense for Year 2020=$46, 977.50 b) see explanation column

Explanation:

a) Amount of Note payable = $550,000

Present Value factor for 3 years at 12%

= PV = 1/(1+r) ^n

1/ (1+ 12%)^3 =(0.892857143)^ 3 = 0.71178

Present value of Note for land at 2020 = $550,000 x 0.71176 = $391, 479

.136

Interest expense for Year 2020= $391, 479.136 x 12%= $46, 977.50

b) Face value of note = $5,000,000

Present value factor for 4 years at 10 % =

= PV = 1/(1+r) ^n

1/ (1+ 10%)^4 =(0.909090909)^ 4 = 0.68301345

Present value of the note = $5,000,000 x 0.68301345= $3,415,067.28

Discount on note payable =$5,000,000 -$3,415,067.28 =$1,584,932.72

Journal to record amount of interest to report for 2020

Date Account Debit Credit

Jan 2020 Cash $5,000,000

Discount on notes payable $1,584,932.72

Notes payable $5,000,000

interest revenue $1,584,932.72

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3 years ago

Item 1Item 1 Thomas invests $109 in an account that pays 6 percent simple interest. How much money will Thomas have at the end o

olga nikolaevna [1]

Answer:

Total amount at the end of 4 years = $135.16

Explanation:

A simple interest account pays interest on only the sum deposited at an annual rate for a specified period of time without compounding or adding the interest earned in a particular period in the calculation of interest earning for the next period. Thus, if 1000 is invested and interest s earned at 10% then the interest earned will remain constant for every period the money is still deposited in the account.

The formula to calculate interest under simple interest method is,

Interest = Principal * Annual Rate * Time in years

Total Interest earned = 109 * 6% * 4

Total interest earned = 26.16

Total amount at the end of 4 years = Principal + Interest

Total amount at the end of 4 years = 109 + 26.16

Total amount at the end of 4 years = $135.16

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3 years ago

_ is the process managers use to continually monitor all phases of the production process to ensure that quality is being built

Free_Kalibri [48]

Statistical Quality Control<span> is the process managers use to continually monitor all phases of the production process to ensure that quality is being built into the product from the beginning and that quality is not being inspected into the product at the end of the production process.

All products go through a quality control procedure to make sure their products meet industry and company standards. Organizations do this to ensure they are putting out the smallest amount of defects as possible when creating items to sell to wholesalers or consumers. </span>

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3 years ago