Which formula should be used to correctly calculate the monthly mortgage payment?

Why is one dollar now worth more than one dollar in the future?

Galina-37 [17]

Because then there will be a limited amount of supplies and resources on Earth, so the value will be rare and expensive.

4 0

3 years ago

Perdue Company purchased equipment on April 1 for $93,420. The equipment was expected to have a useful life of three years, or 7

k0ka [10]

Answer:

The depreciation cost per year is:

Year 1: $16,800

Year 2: $31,200

Year 3: $27,600

Year 4: $15,120

Explanation:

To calculate the depreciation cost for the equipment based on hours used, we must determine the cost per hour:

cost per hour = (purchase cost - salvage value) / expected useful life

cost per hour = ($93,420 - $2,700) / 7,560 hours = $90,720 / 7,560 hours = $12 per hour

The depreciation cost per year is:

Year 1: 1,400 hours x $12 per hour = $16,800

Year 2: 2,600 hours x $12 per hour = $31,200

Year 3: 2,300 hours x $12 per hour = $27,600

Year 4: 1,260 hours x $12 per hour = $15,120

3 0

3 years ago

A company's December 31 work sheet for the current period appears below. Based on the information provided, what is net income f

lbvjy [14]

Answer:

Net income for the current period is $2,350.

Explanation:

Calculation of Net Income for the Current Period.

$ $

Fees earned 7,250

Less Expenses :

Rent expense 1,300

Salaries expense 2,300

Utilities expense 345

Insurance expense 650

Supplies expense 115

Depreciation expense—equipment 190 (4,900)

Net Income / (Loss) 2,350

3 0

3 years ago

MB has been using proper workflow for her sales process by creating invoices, receiving payments, and recording deposits using t

Semenov [28]

She will be able to match downloaded deposits to existing transactions in the Banking Center.

MB been an accountant, she must follows workflow process to ensure efficiency of operation.

The process of creating invoices, receiving payments, and recording deposits are part of the Workflow process she must adhere to at her place of work.

In conclusion, the process makes the work of employee easier and uncomplicated because its enables them adhere to a strict procedure of getting work done.

Learn more about Workflow process here

brainly.com/question/11939249

3 0

2 years ago

Read 2 more answers

Bloom now believes it is more likely than not that it will have to sell the Taylor bonds before the bonds have a chance to recov

kow [346]

Answer:

Other than Temporary Impairment loss (Dr.) $400,000

Discount on bond investment (Cr.) $400,000

Fair value Adjustment (Dr.) $150,000

Net unrealized holding gain/losses - OCI (Cr.) $150,000

Explanation:

To record impairment loss on bond we debit the Other than temporary impairment loss account debit and discount on bond investment as credit by $400,000 which is the decline in fair value of Taylor bond.

To record the impairment loss recognized due to fair value method we debit the Fair value adjustment account as debit and Unrealized holding gains/losses as credit by $150,000.

6 0

3 years ago