1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
shepuryov [24]
4 years ago
9

Brainstorm Company purchased office furniture and equipment for $20,000 and agreed to pay for the purchase by making six annual

installment payments beginning one year from today. The installment payments include interest at 6%. What is the required annual installment payment?
Business
1 answer:
Studentka2010 [4]4 years ago
4 0

Answer:

The required annual installment payment is $4067.25.

Explanation:

annual installment = (20000×6%)/(1 - (1 + 6%)^6)

                               = $4067.25

Therefore, the required annual installment payment is $4067.25.

You might be interested in
Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.45 per pound. 15,700
Andru [333]

Answer:

A) Price       7,080     U

B) Quantity 4,630.5  U

C) Total        11.710,5‬ U

Explanation:

DIRECT MATERIALS VARIANCES

(standard\:cost-actual\:cost) \times actual \: quantity= DM \: price \: variance

std cost  $3.45

actual cost  $3.65

quantity 35,400

difference  $(0.20)

(0.2) \times 35,400 = DM \: price \: variance

price variance  $(7,080.00)

(standard\:quantity-actual\:quantity) \times standard \: cost = DM \: quantity \: variance

std quantity 36110.00

actual quantity 35400.00

std cost  $3.45

difference 710.00

(710) \times 3.45 = DM \: quantity \: variance

quantity variance  $2,449.50

Total Variance: 2,449.5 - 7,080 = -4.630,5‬

8 0
4 years ago
People are living paycheck to paycheck why is that a problem
valina [46]
Living “paycheck to paycheck” can be a problem because most of the time people would have no money in their savings account and you wouldn’t meet your financial problems if unemployed.
5 0
3 years ago
Personal selling can be very effective in complex selling situations because it involves​ ________ interactions and engagement b
Gemiola [76]
It can be very effective because it involved <span>interpersonal interactions.
</span><span>interpersonal interactions on business context refers to a communication between employees and customers that revolved around understanding customer's situation/point of view. Buy understanding this, the sales person could formulate a right move/strategy to match the customers with the most suitable company's product</span>
7 0
4 years ago
When managerial accountants assign costs to the production of specific products, the costs that are easiest to assign are
MAXImum [283]
<span>When managerial accountants assign costs to the production of specific products, the costs that are easiest to assign are direct labor and direct materials costs.


I hope this helps!</span>
3 0
4 years ago
1.)In which stage of the marketing and sales process do potential customers become convinced that they want to purchase a produc
tankabanditka [31]

1) answer is c  2) answer is d 3) answer is b 5)answer is d

8 0
3 years ago
Read 2 more answers
Other questions:
  • Robert Gillman, an equity research analyst at Gillman Advisors, believes in efficient markets. He has been following the mining
    8·2 answers
  • An account that would be increased by a debit is
    6·2 answers
  • Rex's Wrecks purchased $150,000 in new equipment during the current year. Rex used Section 179 to expense the maximum amount of
    6·1 answer
  • A project with a life of one year has an accounting break-even point of 2,962 units. The fixed costs are $46,308 and the depreci
    9·1 answer
  • In which countries do people prefer discussing business during meals?​
    11·1 answer
  • When assessing the creditworthiness of new entrepreneurs, lending institutions review the “Five C’s”. The ability of the entrepr
    7·1 answer
  • A buyer purchased a home under an agreement that made the buyer personally obligated to continue making payments under the selle
    8·1 answer
  • You must evaluate the purchase of a proposed spectrometer for the R&amp;D department. The base price is $160,000, and it would c
    8·1 answer
  • he financial statements of Seldin, Inc., provide the following information for the current year: Dec.31 Jan.1 Accounts receivabl
    15·1 answer
  • XYZ Corp. applies manufacturing overhead costs to products at a budgeted indirect-cost rate of $65 per direct manufacturing labo
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!