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shepuryov [24]
3 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]3 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.

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A bank reconciliation statement summarizes banking and business activities and reconciles a company's bank accounts and its financial records. A bank reconciliation statement confirms that the payment has been processed and the cash collection has been credited to your bank account.

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Procedures for verifying the accuracy of both company bank statements and cash accounts. - Must be completed at the end of each month. A common cause of differences between the bank's ending balance and the cash book's ending balance.

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MrRissso [65]

Answer:

C. $2

Explanation:

The marginal cost is the cost for producing an additional unit of the product. According to this and as the statement says that with the additional worker the output rises to 3,750, teh first thing is to find the number of additional units that were produced:

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