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
lianna [129]
3 years ago
14

The Sanchez Company purchased a delivery truck on February 1, 2018. The purchase agreement required Sanchez to pay the total amo

unt due of $15,000 on February 1, 2019. Assuming an 8% rate of interest, the calculation of the price of the truck would involve multiplying $15,000 by the:
Business
2 answers:
pashok25 [27]3 years ago
7 0

Answer:

0.925926

Explanation:

present value = future value / (1 + r)ⁿ

  • future value = 1
  • r = 8%
  • n = 1

present value = 1 / (1 + 8%) = 1 / 1.08 = 0.925926

0.925926 = the present value of $1 using an 8% discount rate for the period of 1 year. To determine the actual price of the truck you can just multiply $15,000 by 0.925926 = $13,888.89 ≈ $13,889

The basic premise of finance is that the value of money decreases in time and $1 today is worth more than $1 tomorrow.

diamong [38]3 years ago
4 0

Answer:

Present value of $1

Explanation:

In this question, we are asked to give the value by which the amount due on a truck is to be multiplied given the interest rate.

From the question, we can identify that $15,000 is the future value of the truck.Now, we are tasked with calculating the present value of the truck.

In order to obtain the present value, the $15,000, which is the present value will have to be multiplied by the present value of $1 for an interest rate i of 8% and a time of year n = 1( considering the time between February 1 2018 and February 1, 2019)

You might be interested in
Mia has an outside basis of $50,000 in the Brimstone Partnership, including her share of liabilities of $25,000. In a liquidatin
fgiga [73]

Answer:

No gain or loss, Cash basis $10,000, Inventory $15,000

Explanation:

Calculation for Mia’s recognized gain or loss

First step is to calculate for Mia outside adjusted basis

Using this formula

Outside adjusted basis=Outside basis - Liabilities

Let plug in the formula

Outside adjusted basis=$50,000 - $25,000

Outside adjusted basis= $25,000

Second step is to calculate for Mia Gain or loss

Using this formula

Gain/Loss=Outside adjusted basis- Cash received - Inside basis

Let plug in the formula

Gain/Loss =$25,000 -$10,000 -$20,000

Gain/Loss = ($5,000)

Since Mia had ($5,000) this means Mia has no gain or loss

Last step is to calculate for Mia Inventory

Using this formula

Inventory = Cash + Gain/Loss

Let plug in the formula

Inventory =$10,000 + $5,000

Inventory = $15,000

Therefore Mai has NO gain or loss, Cash basis amount of $10,000 and Inventory amount of $15,000

7 0
3 years ago
What was not a result of the economic policies of the irish government in the late 1990s?
Evgen [1.6K]
In the early 1990's, Ireland was a poor country. There was a high case of poverty, unemployment, and inflation. Free education was offered in the mid 1990s which produced entrepreneurs. The economic policies of the Irish Government in the late 1990s resulted in the rapid growth of the economy.
3 0
3 years ago
Macroprudential supervision policies try to prevent a leverage cycle by changing capital requirements so that they ________ duri
kramer

Answer:

so correct option is A) increase; decrease

Explanation:

solution

  • Macroeconomic policies or rules primarily target the overall financial risk management of the company. It seeks to control risk through various steps and actions.
  • Even in the given case,
  • Increasing capital requirements during expansion is great in performance expansion and performance is not good because capital requirements are not reduced during the period.

so correct option is A) increase; decrease

0 0
3 years ago
Economic problem in corona globally ?
malfutka [58]
People won’t wear masks
8 0
3 years ago
An organization's ___________ describes what the organization hopes to become in the future.
OverLord2011 [107]
An organization's vision statement describes what the organization hopes to become in the future.
3 0
3 years ago
Other questions:
  • You purchased 200 shares of ABC common stock on margin at $50 per share. Assume the initial margin is 50% and the maintenance ma
    10·1 answer
  • How often should you typically monitor your checking account?
    13·1 answer
  • Kelly tells Matthew that she will sell him one of her motorcycles at some time in the future. Matthew eagerly accepts. Do they h
    13·1 answer
  • Use the following information to prepare a classified balance sheet for Alpha Co. at the end of 2016. Accounts receivable $41,08
    5·1 answer
  • The Financial Stability Oversight Council was created by Question 29 options: President Roosevelt in 1939 to reduce unemployment
    15·2 answers
  • A company has Net Income of $10, which included $2 of depreciation expense. There were no other noncash expenses in Net Income a
    11·1 answer
  • Why should a manager in an international business care about the political economy of free trade or about the relative merits of
    13·1 answer
  • Which type of company enjoys the benefit of passing along deductions and credits of the company on to partners to file on their
    10·1 answer
  • An asset is placed in service on May 15, 2019 and has a depreciable basis of $40,000. The asset is in the 7-year recovery class
    15·1 answer
  • Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!