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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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As customers of pierre’s dress shoppe prepared their wardrobes for winter, they purchased all of the long-sleeved dresses he had
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The appropriate response is sales revenue. Revenue is the measure of cash that an organization really gets amid a particular period, including rebates and conclusions for returned stock. It is the "best line" or "gross pay" figure from which costs are subtracted to decide net salary.
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4 years ago
A company bought a computer for$1,500. Three years later, the computer was sold for $300.
madam [21]

The accounts that will be used to record the disposal of the assets are Gain/loss on sale of asset and Sales Income

<h3>What is a disposal account?</h3>

A disposal account calculates the gain or loss account that appears in the income statement.

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Hence, the account that will be used to record the disposal of the assets is Gain/loss on sale of asset and Sales Income

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6 0
2 years ago
Suppose you are committed to owning a $203,000 Ferrari. If you believe your mutual fund can achieve an annual rate of return of
liraira [26]

Answer:

the present value is $88,087.08

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The computation of the present value is shown below:

As we know that

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So, the present value is $88,087.08

hence, the present value is $88,087.08

7 0
3 years ago
A withdrawal of cash from a bank that does not put the bank's reserves below the level of required reserves will ______.
Svetach [21]

If there is a withdrawal of cash from a bank which does not go below the required reserves, the withdrawal will not change money supply but will reduce bank checkable deposits.

<h3>What does withdrawing from a bank do?</h3>

If one withdraws money from a bank, it will reduce the bank's checkable deposits as these are made of cash that was deposited by entities.

As regards total money supply however, these withdrawals will only have an impact if the withdrawal causes bank reserves to fall below the required reserves.

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3 years ago
Suppose there are 70 million people in the labor force, out of which 60 million are employed, then the unemployment rate is?
ZanzabumX [31]

Suppose there are 70 million people in the labor force, out of which 60 million are employed, then the unemployment rate is: 14.28%.

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8 0
2 years ago
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