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kykrilka [37]
3 years ago
11

Improvised explosive devices (IEDs) are responsible for many deaths in times of strife and war. Unmanned ground vehicles (robots

) can be used to disarm the IEDs and perform other tasks as well. If the robots cost $170,000 each and the military arms unit signs a contract to purchase 3,000 of them now and another 7,500 one year from now, what is the equivalent annual cost of the contract over a 4-year period at 8% per year interest?
Business
1 answer:
ludmilkaskok [199]3 years ago
8 0

Answer:

Equivalent annual cost ($) 294,177,861.7

Explanation:

Present \ Worth\ (PW) ($) = 3,000 \times  170,000 + 7,500 \times 170,000 \times PVIF (8%, 1)

From PVIF table, the value of PVIF (8%, 1)  is 0.9259

= 510,000,000 + 1,275,500,000 \times  0.9259

= 510,000,000 + 1180522500

= 1,690,522,500

Equivalent annual cost ($) = \frac{PW}{PVIFA (8 percentage, 8)}

from PVIF and PVIFA table, the value of PVIFA (8 %, 8) is 5.7466  

= \frac{1,690,522,500}{ 5.7466} = 294,177,861.7

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911

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3 0
3 years ago
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Childers Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $400. The fund wa
Sergio [31]

Answer:

A credit to Cash of $299

Explanation:

Journal Entry                     Debit    Credit

Merchandise inventory      $62

Delivery charges                 $46

Office supplies                    $30

Miscellaneous expenses    $51

Cash over and short             $100

Cash                                                   $299

Cash to be reimbursed = Minimum cash balance required - Cash balance left

Cash to be reimbursed = $500 - $201

Cash to be reimbursed = $299

7 0
3 years ago
Sheldon Company began Year 1 with $1,600 in its supplies account. During the year, the company purchased $4,700 of supplies on a
Annette [7]

Answer:

$2700 supplies in hand

$3600 Supplies expense

Explanation:

As you can see in question data Sheldon has already counted the supplies in hand so, we only have to calculate supplies expense by doing some minor workings

WORKINGS

Supplies Expense = Opening + purchases - payment made

Supplies Expense = $1600 + $4700 - $2500

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8 0
3 years ago
Monica received an inheritance of $70,000. She invested part at 11% and deposited the remainder in tax-free bonds at 10%. Her to
erica [24]

Answer:

The correct answer is $50,000.

Explanation:

According to the scenario, the given data are as follows:

Amount = $70,000

Invested at rate = 11%

Tax free investment = 10%

Total income from investments = $7,500

So , we can calculate the invested at 11% by using following formula:

Let the amount invested at 11% = X

So,

= 11% × X + (70,000 - X) × 10% = $7,500

= 0.11 × X + (70,000 - X) × 0.1 = $7,500

= 0.11X + 7,000 - 0.1X = $7,500

= 0.11X -0.1X = $7,500 - $7,000

= 0.01X = $500

X = $500 / 0.01

= $50,000

Hence, the amount invested at 11% is $50,000.

5 0
3 years ago
During 2020, LAL Corp. had the following cash flows: (1) received cash of $5,000 billed to a customer in 2020; (2) earned $20,00
Juliette [100K]

Answer: $21,000

Explanation:

Financing activities refer to those that a company engages in, in relation to capital needed to run the affairs of the business which means it included Equity and Debt.

Financing Activities: Interest paid, dividends paid, money borrowed from bank, stock repurchase

Net cash flows from financing = Money borrowed from bank - Interest paid - dividends paid - Stock repurchase

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= $21,000

4 0
3 years ago
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