I would invest in building my own house. This is appealing to me because I want to raise a family in a nice house that I have built.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Assume Purity Ice Cream Company, Inc., in Ithaca, NY, bought a new ice cream production kit at the beginning of the year for $152,000. The estimated useful life was four years, and the residual value was $8,000. Assume that the estimated productive life of the machine was 16,000 hours. Actual annual usage was 5,500 hours in Year 1; 3,800 hours in Year 2; 3,200 hours in Year 3; and 3,500 hours in Year 4.
Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units produced
Year 1= [(152,000 - 8,000)/16,000]*5500= 49,500
Year 2= 9*3,800= 34,200
Year 3= 3,200*9= 28,800
Year 4= 9*3,500= 31,500
Total 144,000
Answer:
Date Account Title Debit Credit
Dec 11, 2018 Interest receivable $20,600
Interest revenue $20,600
Explanation:
The interest receivable on December 31, 2018 would be based on the lease amount at the end of the year which will be the present value of the lease less the lease amount paid for the year:
Lease amount = 240,000 - 34,000
= $206,000
Interest receivable = 206,000 * 10%
= $20,600
Answer:
$31,920,341.91
Explanation:
The computation is shown below:
For computing the receiving amount in 2052 first we have to determine the rate which is shown below:
Current value = Initial value × (1 + interest rate)^time period
$1,480,000 = $115 × (1 + interest rate)^114
So, after solving this, the interest rate is 8.654%
Now the received amount in 2052 is
= $1,480,000 × (1 + 0.8654%)^37
= $31,920,341.91
The time period is come from
= 2015 - 1901
= 114
And, the 37 years is come from
= 2052 - 2015
= 37
Answer:
bottom-of-the-pyramid
Explanation:
C. K. Prahalad and associates introduced the concept of a global market, not necessarily defined by national borders but rather by the pockets of poverty across countries, and consisting of 4 billion people across the globe with annual incomes of less than $1,200. They refer to these consumers, concentrated in the LDCs and LLDCs, as <u>bottom-of-the-pyramid</u> markets
