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grin007 [14]
3 years ago
12

(Ignore income taxes in this problem.) Latting Corporation has entered into a seven-year lease for a building it will use as a w

arehouse. The annual payment under the lease will be $4,781. The first payment will be at the end of the current year and all subsequent payments will be made at year-end. If the discount rate is 6 percent, the present value of the lease payments is closest to:
a. $22,257
b. $31,573
c. $26,688
d. $33,467

Business
1 answer:
zaharov [31]3 years ago
5 0

Answer:

C. $26,689.46

Explanation:

Computation of the present value is

Annual payment × (PVIFA of 7 years, 6%)

Where PVIFA = (1-(1+r)^-n)/r

Where n= Number of period

r= Rate applied

PVIFA = 5.5824 (Kindly check attached picture for explanation

= $4,781 × 5.5824

=$26,689.46

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When you use the AIDA persuasive approach, your first task is to gain the reader's attention (A).
Elanso [62]

Answer:

The correct answer is letter "A": Describe the benefits a product or service offers and make rational or emotional appeals.

Explanation:

The AIDA Model describes the process buyers go through at the moment of purchasing. It has four (4) steps: <em>Awareness, Interest, Desire, </em>and<em> Action</em>. In the Interest stage, companies attract consumers so they start looking for information about their products. <em>The benefits of the good are portrayed relating them to the target audience's emotional appeals. In some other cases, firms display their products as the most rational to choose from compared to competitors.</em>

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brilliants [131]
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Some states have a law that requires payment of the face amount of insurance to the insured if a total loss to real property occ
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3 0
3 years ago
Detailed information about the accounting equation is maintained in records commonly called.
Nuetrik [128]

The maintenance of information relating to the accounting equation is done in records known as <u>Accounts</u>.

<h3>What are Accounts?</h3>
  • These are records that allow the storage of financial information.
  • They include the various transactions the business is involved in.

Accounts are very important to a business as they allow the easy compilation of information such that a company is kept abreast of its financial situation.

In conclusion, these are accounts.

Find out more about accounts at brainly.com/question/1436327.

5 0
3 years ago
On September 1, Year 1, Brok Co. issued a note payable to Federal Bank in the amount of $900,000, bearing interest at 12%, and p
zmey [24]

Amount = $900,000

Bearing interest = 12%

Annual principal payments = $300,000

Bank prime rate = 11%

<u>To find:</u>

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