Answer:
The interest revenue will Savor record in Year 1 on this lease at 9% is $347,697
Explanation:
Present value of Lease Payment = $4,561,300
Less: First Payment on Jan 1, 2018 = $698,000
Remaining Balance = $3,863,300
Interest Revenue for Year 1 at 9% = $3,863,300 × 9%
Interest Revenue for Year 1 at 9% = $347,697
The answer is "access to good schools".
A retail store is a position of business normally claimed and worked by a retailer yet now and again possessed and worked by a producer or by somebody other than a retailer in which stock is sold fundamentally to ultimate customers. Good schools are something which cannot have secondary consideration.
Answer:
The correct answer is $20,211.84.
Explanation:
According to the scenario, the given data are as follows:
Payments (PMT) = $600
Interest rate = 7%
Growth rate = 3%
Time = 16 yeras
So, future value of growing annuity can be calculated by using following formula :
FV of growing annuity = Payment × ((1+ interest rate)^n - (1 + Growth rate)^n) / (Interest rate - Growth rate)
= 600 × ((1.07)^16 - 1.03^16) / (.07 - .03)
= 600 × ( 2.95216374857 - 1.6047064391 ) / (0.04)
= 600 × 33.6864
= $20,211.84
Hence, the correct answer is $20,211.84.
Answer:
No Journal entries will be required in either instance. But a note to the financial statement would be appropriate in explaining the declining stake in Marmon Inc.
Explanation:
A. Total share valuation was $1,000,000. ($900,000 + $110,000) which is made up of Albuquerque's holdings and the non controlling interests. This is equivalent holding of 89% by Albuquerque.
*the investment would have been recognized at cost to Albuquerque at $900,000.
But when Marmon sold additional 10,000 shares the interest reduces to 63%
*This wouldn't necessitate any journal entry by Albuquerque as a result of the additional issues of shares but the % stake in Marmon would show to have reduced as a note in its financial records.
And when a further 2,000 was issued Albuquerque stake drops to 61%
* Again this wouldn't necessitate any journal entry by Albuquerque as a result of the additional issues of shares but the % stake in Marmon would show to have reduced as a note in its financial records.
