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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

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Answer:

11.23%

Explanation:

Arithmetic return = Total return/Total time period  

6% = (14% + 17% - 1% + x%) / 4

(6%*4) =30% + x

24% = 30% + x

x = (24% - 30%)

x = -6%

<em>For the standard deviation, we need to use </em><u><em>stdev.s function</em></u><em> in Ms Excel</em>

Standard deviation = stdev.s (14%,17%,-1%,-6%)

Standard deviation = 0.112249722

Standard deviation = 11.23%

So, the standard deviation of the stock's returns for the four-year period is 11.23%.

3 0
3 years ago
Jonas doesn't want to keep his savings in an account because he doesn't want to pay bank fees. Which of the following is an argu
blsea [12.9K]

The correct answer is C. Money is safer in the bank.

Explanation:

The main point or position of Jonas is that savings should be kept in an account due to the costs associated with this. In this context, the only argument that refutes Jonas' position and it is directly related to the main point of Jonas is "Money is safer in the bank" because even if keeping savings in a bank requires to pay fees this guarantees the money will be safe, which does not occur if Jonas keeps his savings at home. Moreover, the safety factor makes the option of the bank better, which refutes Jonas position.

3 0
3 years ago
How many different ways are there to buy 8 fruits when the choices are apples, pears, and oranges?
Nadya [2.5K]

The total different ways are 65536.

How many ways can you buy 8 fruit?

8 choices from 4 options with repetition, so the number of ways is (8+4 − 1 4 − 1 ) = (11 3 ) = 165.

<h3>What is the rule of permutation and combination?</h3>

If the order doesn't matter then we have a combination, if the order do matter then we have a permutation.

One could say that a permutation is an ordered combination.

The number of permutations of n objects taken r at a time is determined by the following formula: P(n,r)=n!.

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<h3>brainly.com/question/2790592</h3><h3 /><h3>#SPJ4</h3>

8 0
2 years ago
Ok so i have a ton of questions i need answered for this test im taking. its on economics. anyone think they can help? thank you
satela [25.4K]
1. All of the following were powers given to the federal government by the National Banking Acts of 1863 and 1864 EXCEPT D. to dismantle privately owned banks 2. When economists measure opportunity cost to help determine the true value of economic decisions, they consider both the D. monetary and human value. 3. Which of the following was NOT an economic institution created in Europe to help foster economic unity among the countries there? D. European Union (EU) 4. Though the challenges of decision making are similar at all levels of the economy, B. the impact decreases as more people are involved. I think that the impact decreases as more people are involved because these people will be able to analyze many more aspects involving a decision as well as its corresponding consequences. The decision made will be a result of consensus among the people involved for the benefit of the majority if not all. 5. All EXCEPT which of the following options could describe the statement below? You get something and you give up something else. B. consumer sovereignty – This is a situation where the desire of the consumer affects the production of their desired goods. 6. Who proposed the first bank of the United States? B. Alexander Hamilton – He officially proposed the creation of the first bank during the first session of the First Congress. 7. As an economic institution, nonprofit organizations include D. professional organizations. The main purpose of these organizations is to make their profession better or more valuable for the people practicing the profession as well as for the benefit of the general public. 8. In economics, economic institutions serve to A. help establish and keep participation in the economy fluid. 9. Who is credited with first using cost-benefit analysis? B. Jules Dupuit – A French engineer and economist. He wrote an article in 1848 where the concept of Cost-Benefit analysis was presented. <span>
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5 0
3 years ago
Read 2 more answers
You decide to buy a new car. You talk to friends about it, research mechanical specifications in Consumer Reports, test drive di
shepuryov [24]

Answer:

Shopping product

Explanation:

Shopping products refer to those products which require considerable time, efforts in research, discussions and opinions and which are not purchased frequently.

Such products are purchased after careful evaluation of all the alternatives available to an individual and after comparison of prices and offers.

Consumers in such cases take considerable time in arriving at the buying decision, whether to buy or not, or to delay such purchases.  Such purchases require research and significant efforts on part of the consumer.

4 0
4 years ago
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