Answer:
im so so sorry i dont know how to do this
Explanation:
Answer:
$150,876.91
Explanation:
To calculate, the present value of an ordinary annuity formula is used as follows:
PV = P × [{1 - [1 ÷ (1+r)]^n} ÷ r] …………………………………. (1)
Where;
PV = Present value of the payments =?
P = yearly payment = $30,000
r = interest rate = 11% = 0.11
n = number of years = 5
Substitute the values into equation (1) to have:
PV = $30,000 × [{1 - [1 ÷ (1+0.11)]^5} ÷ 0.11] = $110,876.91
Amount to record = $40,000 + $110,876.91 = $150,876.91
Answer:
Purchases in August = $30000
Explanation:
Cost of golds sold = opening inventory + purchases - closing inventory
Purchase therefore would be
Purchases = cost of goods sold(COS) + closing inventory - opening inventory
Opening inventory in August = Closing inventory for July i.e (20%× august):
= 20% × 28,000 = 5600
Closing inventory in August = 20%× September COS
= 20%× 38,000 = 7600
Purchases in August
= 28,000+7600 - 5600
= $30000
Based on the information given the down payment is:b. $18,650.
<h3>
Down payment:</h3>
First step is to calculate the loan:
Laon=Monthly payment[1-(1+r)^-n]/r
Loan=$1,060.93[1-(1+0.065/12)^-360]/(0.065/12)
Loan=$1,060.93×158.210819537
Loan= 167,850
Second step is to calculate the down payment:
Down payment = House price - Mortgage
Down payment =$186,500 -$167,850
Down payment =$18,650
Inconclusion the down payment is: b. $18,650.
Learn more about down payment here:brainly.com/question/26173748
Answer:
What would be the result? What additional information, if any, would you need to know to decide the case?
To determine who would win this case, we need to know two things:
- The non-compete agreement was supposed to last how many years, e.g. 1 or 2 years, maybe 3?
- When did Clifford Witter stopped working for Arthur Murray Dance Studios and when did he started to work for Fred Astaire Dancing Studios?
Most states consider non-compete agreements valid only if they last up to 2 or 3 years at most (which is considered a reasonable time). If Clifford started to work at Fred Astaire before the non-compete clause was over (assuming it lasted a reasonable time) then Arthur Murray would win. But if Clifford started to work at Fred Astaire after the non-compete clause was over, then there is nothing Arthur Murray can do to win the case.
