The answer is <u>"Present value of an annuity".</u>
The present value of annuity formula determines the estimation of a progression of future occasional installments at a given time. The present estimation of annuity recipe depends on the idea of time estimation of cash, in that one dollar show day is worth more than that same dollar at a future date.
Similarly as with any financial related formula that includes a rate, it is critical to ensure that the rate is reliable with alternate factors in the equation. In the event that the installment is every month, at that point the rate should be every month, and likewise, the rate would should be the yearly rate if the installment is yearly.
Answer:
Economics is the scientific study of the ownership, use, and exchange of scarce resources – often shortened to the science of scarcity. Economics is regarded as a social science because it uses scientific methods to build theories that can help explain the behaviour of individuals, groups and organisations.
Answer:
The total cost of land is $107,800, and the total cost of land improvement is $35,500.
Explanation:
This solution is obtained considering that the cost of land is the amount paid for the property. But since the taxes should also be paid to own it, this amount must be added to the total cost. It is a cost related to the purchase itself. This will be a total of 100,000 + 7,800.
On the other side, the rest of the costs are related to improvements on the property, and not to own it (demolishing, clearing, paving). This is a total cost of 8,000 + 20,000 + 7,500.
Answer:
Concord Co.
Income Statement
For the Year Ended December 31, 2020
Revenues:
Sales revenue $555,600
Expenses:
Cost of goods sold ($320,200)
Salaries and wages expense ($120,100)
Other operating expenses ($11,210)
Income tax expense ($25,590)
Net income: $78,500
Earnings per share: $0.74
Increase in value of company reputation and unrealized gain on value of patents are not included in this income statement.
Answer:
January Income = $0
February Income = 50% * ($4,900 - 2,300) = $1,300
March Income = 30% * ( $4,900 - $2,300) = $780
April Income = 20% * ($4,900 - $2,300) = $520
Explanation:
The amount received on the prepaid card will not be recognised in the amount because the revennue has not being recorgnized.