Answer:
$9,652.17
Explanation:
Rate = 5%
Yield = 10 years
Payment = -25,000
<em>Using the Excel to find the value</em>
Value = PV(5%,10,-25000)
Value = $193,043.374
Interest expense should be recognized in 2021 = $193,043.374*5%
Interest expense should be recognized in 2021 = $9652.1687
Interest expense should be recognized in 2021 = $9,652.17
Answer: The normal balance of the accumulated depreciation account is a credit balance. Therefor the statement is false.
Explanation: The accumulated depreciation account holds a credit balance in the company's balance sheet . It is the contra asset account. The accumulated depreciation states assets wear and tear and the assets useful life. when an assets are sold or put out of the use the accumulated depreciation will be reversed. It is a kind if an expenses. The accumulated depreciation is used to calculate assets in the book value. Accumulated depreciation can never exceeds the assets cost.
Depreciation is recorded in income and expenditure account.
Learn more about Accumulated Depreciation
brainly.com/question/1287985
Answer:
Annual Rate=7.35%
Explanation:
Calculation for the annual interest rate must they earn to reach their goal
Number of years =27
PV =280,000
FV =1,900,000
Using this formula
Annual Rate=(FV/PV)^(1/n)-1
Let plug in the formula
Annual Rate=(1,900,000/280,000)^(1/27)-1
Annual Rate=6.7857^(1/27)-1
Annual Rate=1.07349-1
Annual Rate=0.0735
Annual Rate=7.35%
Therefore the annual interest rate must they earn to reach their goal will be 7.35%
Answer:
Consumption is a key component in the calculation of GDP and refers to how much money out of disposable income is spent by households on goods (both durable and non-durable) and services.
Disposable income is how much money households have after taxes. Their consumption and spending come from here.
Whatever is not spent is saved. Savings are therefore calculated as;
Savings = Disposable income - Consumption
Savings for the above are therefore,
$20,000 - $22,000 = -$2,000
21,000 - 22,500 = -$1,500
22,000 - 23,000 = -$1,000
23,000 - 23,500 = -$500
24,000 - 24,000 = $0
25,000 - 24,500 = $500
26,000 - 25,000 = $1,000
27,000 - 25,500 = $1,500
28,000 - 26,000 = $2,000
