Summarize the purpose of hyperlinks and how to add them to a document.

Rusty Corporation purchased a rust-inhibiting machine by paying $54,500 cash on the purchase date and agreed to pay $10,900 ever

svetlana [45]

Answer:

$131,014.62

Explanation:

According to the scenario, computation of the given data are as follows,

Cash Payment = $54,500

Payment to be paid every three month = $10,900

Number of payment = 4 × 2 = 8

Interest rate = 12% annual

Interest rate (3 months) = 12% × (3÷ 12) = 3%

So, Purchase price of machine = PV of future payment + Cash payment

Where, PV of Future payment = Instalment payment × (PVAF 3%, 8)

By using PVAF table, we get

PV of Future payment = $10,900 × 7.01969 = $76,514.621

Hence, By putting the value in the formula, we get

Purchase price of machine = $76,514.62 + $54,500

= $131,014.62

8 0

3 years ago

According to the substitution effect, a decrease in the price of a product leads to an increase in the quantity of the product d

umka21 [38]

The correct answer is <span>purchase more of the now relatively less expensive good.
When a product is discounted, obviously more people will be willing to buy it then when the price was higher. If more people want to buy a product, then the demand for that product rises, and then the production of those goods is also higher.
</span>

3 0

3 years ago

Setrakian Industries needs to raise $87.9 million to fund a new project. The company will sell bonds that have a coupon rate of

Goryan [66]

Answer:

47,884.79 units of bonds

Explanation:

The units to be sold to arise $87.9 million will be equal to the

$87.9 million / divided by the bond price

The price of a bond is the present value (PV) of the future cash inflows expected from the bond discounted using the yield to maturity. These cash flows include interest payment and redemption value

The price of the bond can be calculated as follows:

Step 1

PV of interest payment

Semi-annual coupon rate = 5.92/2 = 2.96%

Interest payment =2.96%× 2,000= 59.2

Semi annual yield = 6.67%/2 = 3.335

PV of interest payment

= A ×(1- (1+r)^(-n))/r

= 59.2× (1-(1.03335)^(-2×20))/0.03335)

= 1,297.22

Step 2

PV of redemption value

PV = FV× (1+r)^(-n)

= 2,000 × (1+0.03335)^(-2× 20)

= 538.43

Step 3

Price of bond =

= 1297.22 + 538.43

= $1835.65

Step 4

Units to be used

= $87.9 million/ $1,835.65

= 47,884.79 units

4 0

4 years ago

Read 2 more answers

Why does the family have such a powerful impact as an agent of socialization?

lakkis [162]

Because the offsprings spends nearly 30% of their life around them especially in the early stages

7 0

3 years ago

Sasha's new company has told her that she will be required to move at her own expense in two years. What should she consider bef

mihalych1998 [28]

the answer is: d. The expense of selling the home when she leaves the city.

The expense of selling the home would reduce the amount of money that she eventually made after home is sold. If, the expense took too much percentage from the selling price, sasha would be better of renting her current house instead.

4 0

4 years ago

Read 2 more answers