________ operate in warehouse-like facilities, sell a limited selection of items, and offer few frills. Customers pay annual mem
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The amortization of the software development costs for the year 2022 would be $5,60,000.
<h3>What is Amortization?</h3>Amortization is the process of repaying a debt in equal amounts over time. A portion of each payment is applied to the loan principal, while the remainder is applied to interest.
When a mortgage loan is amortized, the amount paid toward principal begins small and steadily increases month after month.
<u>Computation</u>:
According to the given information,
The revenues of 2022 from the sale of new software(Sales Revenue)= $4,000,000.
Anticipated Additional Revenues = $6,000,000
Then, the total revenue is :
Then, the percentage of Total Revenue would be:
Then, the Cost incurred from June to the date of product release =
Therefore, the amortization of the software development costs for the year 2022:
Learn more about the Amortization, refer to:
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Answer:
They need to put into the account a total of $67,290 to ensure that they will have $ 100,000 in 9 years.
Explanation:
We have to calculate the present value of the sum needed in 9 years ($100,000), with a annual fixed interest rate of 4.5%.
This can be calculated as:
They need to put into the account a total of $67,290 to ensure that they will have $ 100,000 in 9 years.