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notka56 [123]
3 years ago
10

You would like to evlauate pursuing a new computing tool for your team. The new workstation would impact 10 of your campany staf

f and cost about $5,500. You expect the new work stations to have a yearly maintenance and operation cost of 20% of the initial cost. At the end of the 3 year life cycle you think the new workstation can have a salvage value of 5% of the initial cost. What is the present worth of the new stations if you use an internal MARR of 17%
Business
1 answer:
tino4ka555 [31]3 years ago
7 0

Answer:

-7,759.29 dollar

Explanation:

cost of maintenance and operation

initial cost of $5500 x 20%

= 1100 Dollars

salvage value

initial cost of $5500 x 5%

= $275

pw = -5500-1100(p/a,17%,3) +275(p/f,17%,3)

pw = -5500-(1100*2.21) + (275*0.6244)

pw = -5500-2431+17.71

= -7759.29

so pw, that is present worth of new stations using internal MARR of 17% is -7759.29 dollars

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A company received a bill for newspaper advertising services, $340. the bill will be paid in 10 days. how would the transaction
Sladkaya [172]

The transaction for the bill for newspaper advertising services will be recorded today as a debit to Advertising Expenses and a credit to Accounts Payable (Advertising Payable).

<h3>How is an accrued expense recorded?</h3>

An accrued expense refers to an incurred outgoing that the service has been enjoyed previously and payment is due later.

According to the matching principle and accrual concept of generally accepted accounting principles, all expenses incurred within a financial period must be recognized in that period whether cash has been exchanged or not.

Thus, the transaction for the bill for newspaper advertising services will be recorded today as a debit to Advertising Expenses and a credit to Accounts Payable (Advertising Payable).

Learn more about recording accrued expenses at brainly.com/question/14524895

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6 0
1 year ago
Seth, Janice, and Lori each borrow 5,000 for five years at an annual nominal interest rate of 12%, compounded semi-annually. Set
Margaret [11]

Answer:

The total amount of interest paid on all three loans is 8,748.

Explanation:

Each person has borrowed 5,000 for the same period and with the same interest rate. However, the repayment is made differently by each person.

We calculate the interest paid by each person, and then sum up the three interest payments.

Seth pays = [5000 x (1 + 0.12/2)^10] - 5000 = 3,954

Janice pays = 5,000 X 0.06 x 10 = 3,000

Lori pays = [(5,000 x 10) / 7.36] - 5,000 = 1,794

Total interest payment = 3,954 + 3,000 + 1,794 = 8,748  

3 0
3 years ago
Read 2 more answers
Data below for the year ended December 31, 2021, relates to Houdini Inc. Houdini started business January 1, 2021, and uses the
katrin [286]

Answer:

70.3%

Explanation:

Current period cost-to-retail percentage is:

  • Beginning inventory  $70,000     $107,000
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Goods available for sale (excluding beginning inv.) $302,290   $430,000

Goods available for sale (including beginning inv.)  $372,290   $537,000

Cost-to-retail percentage = $302,290 / $430,000 = 70.3%

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The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adjustment on May 31.
julsineya [31]

Answer:

1. Insurance expires at the rate of $450 per month.

Dr Insurance expense 450

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2. A count of supplies shows $1,140 of unused supplies on May 31.

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4. The mortgage interest rate is 6%. (The mortgage was taken out on May 1.)

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5. Unearned rent of $2,510 has been earned.

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How would a good recordkeeping system help during a tax audit?
cricket20 [7]
It would help keep the person organized
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