Answer:
$117,417
Explanation:
Calculation to Determine the amount to be capitalized in the asset account
Costs that are to be capitalized:
List price $118,660
Less: Discount ($5,043)
($118,660*4.25%)
Freight cost $2,640
Specialist fee $1,160
Total costs $117,417
Therefore the amount to be capitalized in the asset account will be $117,417
Answer:
the present value of the property taxes is 75,000
Explanation:
We can determinate the present value of all the future payment using the perpetuity formula:
150,000 x 2% = 3,000 property taxes per year as this will be paid indefinitely and the cash flow are equal; it is a perpetuity.
C/r = PV
3,000 / 0.04 = PV = 75,000
Answer:
Jack
Explanation:
He is the one who twisted his ankle. It was not in the restaurant, so the restaurant is not in charge of it.
