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fredd [130]
3 years ago
13

Now, assume that Abigail’s friend volunteers to pay compound interest instead of simple interest for her loan. If interest is ac

crued at 8.2% compounded annually, all other things being equal, how much money will Abigail’s friend owe her in 13 years?
Business
1 answer:
aliya0001 [1]3 years ago
3 0

Answer:

$4178.752

Explanation:

In the given question some information is missing i.e " Principal ".The correct value is $1500

Given:

Principal(P) = $1,500

Interest rate (r) = 8.2% = 8.2 / 100 = 0.082

Number of years (n) = 13 years

Amount = ?

Calculation:

Amount = P(1+i)^{n}\\Amount = 1,500(1+0.082)^{13}\\=1,500(1.082)^{13}\\=1,500(2.78582858)\\=4,178.752

Therefore, total amount paid = $4178.752

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On January 1, Year 1, Alla Co. sold a property to Mish Co. for $400,000 and simultaneously leased it back for 3 years. The carry
vichka [17]

Answer: $30,000

Explanation:

In accounting, the treatment of the Sale and Operating Leaseback operation is such that a gain is only recognized if the sales price is more than the fair value. In such a case the difference between the fair value and the carrying price is considered the Gain on Sale.

The Difference between the sales price and the fair value is to be amortized over the period of use.

Seeing as the selling price is more than the fair value, the Gain on Sale is therefore,

= Fair Value - Carrying Value

= 310,000 - 280,000

= $30,000

$30,000 is the amount of gain on sale of the property recognized by Alla on January 1, Year 1.

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3 years ago
If you are interested in working for a specific company, what type of job site should you look at for opening?
Alexandra [31]
C. Company cite :)
Please award me the best  answer :)

6 0
3 years ago
Trey owns 250 shares of common stock in a toy–store company. this means that he owns a percentage of the company based on the pr
madreJ [45]
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4 0
3 years ago
Star Corp. has a rate of return on assets of 10% and a debt/equity ratio of 2 to 1 before entering into an operating lease. Not
Fynjy0 [20]

Answer:

The return on assets and debt/equity ratio does not change

Explanation:

An operating lease does not affect assets and liabilities. From the formula:

Equity = Assets - Liabilities, since both assets and liabilities are not affected (they remain unchanged) therefore the equity is also the same.

The debt/ equity ratio = total liabilities/total equity. Since liabilities and equity remain unchanged, therefore The debt/ equity ratio is the same.

Also the return of assets (earnings/assets) remain the same

3 0
3 years ago
One of the Ten Principles of Economics in Chapter 1 is that people face tradeoffs. The growth that arises from capital accumulat
Trava [24]

Answer:

B.sacrifice consumption goods and services now in order to enjoy more consumption in the future.

Explanation: Tradeoff is a term used in Economics to refer to the sacrifice of a particular quality or goods in order to enjoy the benefits of the use of another.

Tradeoffs are applied in Economic decisions especially in a situation where there are two competing needs, it is applied in order to choose the most urgent and necessary while the other can be considered for a later day or period.

Applying tradeoffs in Economic decisions will lead to an increase of one factor or need which will lead to a decrease in another factor or need.

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