Answer:
$64,474.20
Explanation:
As for the information provided,
discount rate = 7.25%
First payment will be made at the end of year 1
Discounting factor = ![\frac{1}{(1+0.0725)^1} = 0.9324](https://tex.z-dn.net/?f=%5Cfrac%7B1%7D%7B%281%2B0.0725%29%5E1%7D%20%3D%200.9324)
Thus, current value of payment =
= $26,107.20
Discounting factor for receipts =
Year 1 =
= $28,000
0.9324 = 26,107.20
Year 2 = ![\frac{1}{(1+0.0725)^2} = 0.8694 = 35,000 \times 0.8694 = 30,429](https://tex.z-dn.net/?f=%5Cfrac%7B1%7D%7B%281%2B0.0725%29%5E2%7D%20%3D%200.8694%20%3D%2035%2C000%20%5Ctimes%200.8694%20%3D%2030%2C429)
Year 3 = ![\frac{1}{(1+ 0.0725)^3} = 0.8106 = 42,000 \times 0.8106 = 34,045.20](https://tex.z-dn.net/?f=%5Cfrac%7B1%7D%7B%281%2B%200.0725%29%5E3%7D%20%3D%200.8106%20%3D%2042%2C000%20%5Ctimes%200.8106%20%3D%2034%2C045.20)
Therefore, value of contract today = - $26,107.20 + $26,107.20 + $30,429.0 + $34,045.20 = $64,474.20
Answer:
Having to handle the business side of things while also working on developing a great product wasn't easy, but that challenge helped me grow as a professional. I think a lot of people applying for tech
Explanation:
:D
Answer:
Explanation:
The journal entry to record the bad debt expense is shown below:
Bad debt expense A/c Dr $2,700
To Allowance for doubtful debts $2,700
(Being bad debt expense is recorded)
The computation of the bad debt expense is shown below:
= (Accounts receivable × estimated percentage given ) - (credit balance of Allowance for Doubtful Accounts)
= ($420,000 × 1%) - ($1,500)
= $4,200- $1,500
= $2,700
Set specific, challenging, and reachable goals for the team. In addition, goal setting is the procedure of classifying to some degree that a team want to achieve and founding quantifiable goals and timeframes. When the team decide on a technique change to win the game in which this is an example of goal setting.
Answer:
The word "Analysis" would most likely fit the statement.
Explanation:
The job <em>analysis</em> results in two written statements: one that specifies the responsibilities, duties, and working conditions of the job, and the other setting forth the minimal education and skills required to do the job.