Answer:
Napier's bones is a manually-operated calculating device created by John Napier of Merchiston, Scotland for the calculation of products and quotients of numbers. The method was based on lattice multiplication, and also called 'rabdology', a word invented by Napier. Napier published his version in 1617.
Answer:
The appropriate journal entries to record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021 are:
White Water journal entries
1-Jan-21
Debit Cash $382,141
Credit Discount on Bonds Payable $27,859
($410,000-$382,141)
Credit Bonds payable $ 410,000
30-Jun
Debit Interest Expenses $ 15,286
($382,141 x 8%/2)
Debit Discount on Bonds Payable $736
Credit Cash $14,350
($410,000 x 7%/2)
31-Dec
Debit Interest Expenses $15,315.08
[($382,141 + 736) x 8%/2]
Credit Discount on Bonds Payable $965.08
($15,315.08-$14,350)
Credit Cash $14,350
($410,000 x 7%/2)
yo
Answer:
Three sources of financing to a business includes;
1) Angels (National Angel Capital Organization, NACO)
Wealthy and experienced retired industry leaders, that invest in startups, require transparency, and take charge of the supervision of the business management practices
2) Business Accelerator or Incubators (MaRS; MaRS Discovery District)
An incubator provide enabling environment and resources for startups to develop ideas before going into production
3) Bank Loans (Business Development Bank of Canada, BDC)
Bank provide loans to startup with a good idea and an accompanying excellent business plan, and personal guarantee
Explanation:
Answer:
$143,750
Explanation:
We have to first calculate the present value of the bargain purchase option:
PV = $200,000 / (1 + 6%)⁵ = $149,451.63
net lease amount = $790,000 - $149,452 = $640,548
PVIF Annuity due, 6%, 5 payments = 4.546
Annual payment = $640,548 / 4.456 = $143,750
Answer:
a-The present value of revenue in the first year is $61,085.92.
b-The total time it would take to pay for its price is 2.44 years of 29.33 months.
Explanation:
a-
Let the function of the revenue earned is given as
![S(t)=\left \{ {{66000t+38000} {\ \ 0The present value is given as [tex]PV=\int\limits^a_b {S(t)e^{-rt}} \, dt](https://tex.z-dn.net/?f=S%28t%29%3D%5Cleft%20%5C%7B%20%7B%7B66000t%2B38000%7D%20%7B%5C%20%5C%200%3C%2Fp%3E%3Cp%3EThe%20present%20value%20is%20given%20as%20%3C%2Fp%3E%3Cp%3E%5Btex%5DPV%3D%5Cint%5Climits%5Ea_b%20%7BS%28t%29e%5E%7B-rt%7D%7D%20%5C%2C%20dt)
Here
- a and b are the limits of integral which are 0 and 1 respectively
- r is the rate of interest which is 5% or 0.05
- S(t) is the function of value which is
![S(t)=\left \{ {{66000t+38000} {\ \ 0So the equation becomes[tex]PV=\int\limits^0_1 {S(t)e^{-0.05t}} \, dt\\PV=\int\limits^{0.5}_0 {(66000t+38000)e^{-0.05t}} \, dt+\int\limits^{1}_{0.5}{(71000)e^{-0.05t}} \, dt\\PV=\int\limits^{0.5}_0 {(66000t)e^{-0.05t}} \, dt+\int\limits^{0.5}_0 {(38000)e^{-0.05t}} \, dt+\int\limits^{1}_{0.5}{(71000)e^{-0.05t}} \, dt\\PV=8113.7805+18764.4669+34207.6751\\PV=61085.9225](https://tex.z-dn.net/?f=S%28t%29%3D%5Cleft%20%5C%7B%20%7B%7B66000t%2B38000%7D%20%7B%5C%20%5C%200%3C%2Fli%3E%3C%2Ful%3E%3Cp%3ESo%20the%20equation%20becomes%3C%2Fp%3E%3Cp%3E%5Btex%5DPV%3D%5Cint%5Climits%5E0_1%20%7BS%28t%29e%5E%7B-0.05t%7D%7D%20%5C%2C%20dt%5C%5CPV%3D%5Cint%5Climits%5E%7B0.5%7D_0%20%7B%2866000t%2B38000%29e%5E%7B-0.05t%7D%7D%20%5C%2C%20dt%2B%5Cint%5Climits%5E%7B1%7D_%7B0.5%7D%7B%2871000%29e%5E%7B-0.05t%7D%7D%20%5C%2C%20dt%5C%5CPV%3D%5Cint%5Climits%5E%7B0.5%7D_0%20%7B%2866000t%29e%5E%7B-0.05t%7D%7D%20%5C%2C%20dt%2B%5Cint%5Climits%5E%7B0.5%7D_0%20%7B%2838000%29e%5E%7B-0.05t%7D%7D%20%5C%2C%20dt%2B%5Cint%5Climits%5E%7B1%7D_%7B0.5%7D%7B%2871000%29e%5E%7B-0.05t%7D%7D%20%5C%2C%20dt%5C%5CPV%3D8113.7805%2B18764.4669%2B34207.6751%5C%5CPV%3D61085.9225)
So the present value of revenue in the first year is $61,085.92.
b-
The time in which the machine pays for itself is given as
The present value is set equal to the value of machine which is given as
$160,000 so the equation becomes:
So the total time it would take to pay for its price is 2.44 years of 29.33 months.
