1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Art [367]
3 years ago
10

On January 1, 2021, the Montgomery Company agreed to purchase a building by making six payments. The first three are to be $37,0

00 each, and will be paid on December 31, 2021, 2022, and 2023. The last three are to be $52,000 each and will be paid on December 31, 2024, 2025, and 2026. Montgomery borrowed other money at a 11% annual rate. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. At what amount should Montgomery record the note payable and corresponding cost of the building on January 1, 2021
Business
1 answer:
ki77a [65]3 years ago
7 0

Answer:

cost of the building = $183,331.14

Explanation:

we have to calculate the present value of all the future annual payments using the 11% discount rate:

$37,000 x 2.4437 (PVIFA, 11%, 3 periods) = $90,416.90

($52,000 x 2.4437) / (1 + 11%)³ = $92,914.24

total present value = $183,331.14

You might be interested in
Give an example of a public franchise and an example of a public enterprise. an example of a public franchise is
Masja [62]
<span>I took this before, it's a firm that is the​ sole, government-designated provider of electricity​, and an example of a public enterprise is the government directly providing sewage service.

(:
</span>
6 0
3 years ago
A technician wants to boot from an esata external hard drive. which submenu item is used?
Alika [10]
<span>The first boot device option is used. In the startup of the computer, going to this menu will allow the user to select which device will be accessed first, second, and third. By doing so, the user can override the basic setting of the internal hard drive and have the system check the external drive first.</span>
6 0
3 years ago
A nation's capital stock was valued at $300 billion at the start of the year and $350 billion at the end. Consumption of private
Alekssandra [29.7K]

Answer:

Gross investment will be equal to $175 billion

Explanation:

We have given nation's capital stock at the start = $200 billion

And capital stock at the end = $350 billion

Consumption of private fixed capital in the year = $25 billion

We have to find the gross investment

Gross investment is equal to

Gross investment =  Capital stock at the end of the year + consumption of private fixed capital - Capital stock at the starting of the year

= $350+$25-$200 = $175

So gross investment will be equal to $175 billion

4 0
3 years ago
Which of the following is the last step in creating a budget?
Rufina [12.5K]

Set savings and debt payoff goals


6 0
3 years ago
Read 2 more answers
Starbucks has signed a contract with a television production company to have its brand featured prominently in a new situation c
vampirchik [111]

Answer: The advertising strategy used is product placement.

Explanation:

Product placement also called embedded marketing, is a form of advertising technique which involves referencing a specific brand/product done by incorporating it into another work, such as a movie or television show, with specific intent to promote the product.

product placement is the intentional incorporation of references to a product/brand in exchange for compensation or cash payment .

Product placements may range from appearances not attracting attention within an environment, to major integration and acknowledgement of the product within a program or a show.

Common categories of products placed on product placements include automobiles, consumer electronics, beverages(in the case of the example), drinks, clothing.

6 0
3 years ago
Other questions:
  • On January 1, 2005, Marcy Company purchased 1,000 shares of its own common stock for $22,000. On February 1, 2005, they sold 600
    11·1 answer
  • Frankie is in charge of writing a script for a television show, along with six other writers. The script must be finished by the
    8·1 answer
  • What is abstract for goo slime
    8·1 answer
  • Which step of the financial planning process involves devising strategies to help accomplish financial goals?
    14·1 answer
  • Leon Georges works in the warehouse for a manufacturer of air-purification systems. He is responsible for the transportation of
    15·1 answer
  • What is the first step to take when trying to solve a problem?
    7·2 answers
  • Joe verbally contracts with Delia to sell his farm to Delia. They do not sign a contract, but Delia takes possession, makes a do
    6·1 answer
  • Danahy Corporation manufactures a single product. The following data pertain to the company's operations over the last two years
    8·1 answer
  • Preparing a stakeholder register and performing a stakeholder analysis are part of which knowledge area?
    9·1 answer
  • How often should a system demo occur?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!