Someone who has a deck with rotting wood.
Answer:
The Total amount shown in income statement as income from this investment is $ 27,200.00
Explanation:
In order to calculate the effect of this investment on the 2021 income statement we would have to make the following calculation:
effect of this investment on the 2021 income statement= Dividend received by Howdy Doody corporation+Increase in Fair value of Stock credited to income statement
Dividend received by Howdy Doody corporation=$60,000 x 12%= $7,200.00
Increase in Fair value of Stock credited to income statement=$70,000-$50,000=$ 20,000.00
Therefore, effect of this investment on the 2021 income statement= $7,200.00
+$ 20,000.00
=$27,200
The Total amount shown in income statement as income from this investment is $ 27,200.00
So your down payment would be 70,000 (which is 350,000 X .2)
So you would be financing 280,000
Using the payment function
PV= 280,000
R= .036/12
N = 15*12= 180
Your payment would be: 2,015.45
Answer:
Balance amount owned in six months is $46.8
Explanation:
given data
new shoes price = $85
amount paid = $40
interest rate = 8 % = 0.08
time period = 6 month = 0.5 year
solution
first we get here balance amount for the shoes that is
balance amount = $85 - $40
balance amount = $45
now we apply here simple interest method that is express as
Simple interest = principal × rate × time ................1
put here value and we will get
simple interest = $45 × 0.08 × 0.5
Simple interest = $1.8
and now we get here amount that is
Amount = Principal + Interest ..............2
put here value we get
Amount = $45 + $1.8
Amount = $46.8
so balance amount owned in six months is $46.8