Answer:
The equivalent present worth of the series is $4,182.21
Explanation:
Fix periodic payments for a specific period of time are annuity payment and the payments made at the start of each period is known as advance annuity.
As per given data
Inflation per year = 18.3% / 5 = 3.66%
numbers of period = 5 years
Payment per period = $897.63
Use following formula to calculate the present value of annuity payments
PV of annuity = P x ( 1 - ( 1 + r )^-n / r
Where
P = Payment per period = $897.63
r = rate in of interest = 3.66%
n = numbers of periods = 5 years
Placing values in the formula
Equivalent present worth of the series = $897.63 + $897.63 x ( 1 - ( 1 + 3.66% )^-(5-1) / 3.66% )
Equivalent present worth of the series = $4,182.21
When product designers use computer-aided design (CAD) software to produce technical drawings in three dimensions, they are using: Utility software
Answer:
Double-declining balance method
Explanation:
First we have to find the depreciation rate which is shown below:
= One ÷ useful life
= 1 ÷ 4
= 20%
Now the rate is double So, 40%
In year 1, the original cost is $15,000, so the depreciation is $6,000 after applying the 50% depreciation rate
And, in year 2, the depreciation is ($15,000 - $6,000) × 40% = $3,600
And, in year 3, the depreciation is ($15,000 - $6,000 - $3,600) × 40% = $2,160
The revenue recognition principle guides accountants in Answer: D determine when to record revenues. The revenue recognition principle lets accountants know when they need to record revenues and at what amount to record. The revenue recognition principle states not to record revenue until it has been earned in full.
Per capita means per person. You would take the total debt and divide by the number of people. That will give you federal debt per capita.
