Answer:
Grant Corporation
The payments should be $42,133.16 every quarter.
Explanation:
a) Data and Calculations:
Building cost = $1,300,000
Down payment = $500,000
Interest rate = 8% per year
Payment terms = quarter for 5 years
From an online calculator, the payments should be:
N (# of periods) 20
I/Y (Interest per year) 2
PV (Present Value) 800000
FV (Future Value) 0
Results
PMT = $42,133.16
Sum of all periodic payments $842,663.23
Total Interest $42,663.23
Answer and Explanation:
The journal entry to record the impairment is as follows:
Loss on impairment of equipment $223,000 ($583,000 - $360,000)
To Accumulated depreciation- Equipment $223,000
(Being the impairment is recorded)
Here the loss would be debited as it increased the losses and accumulated depreciation is credited as it decreased the assets
Answer:
$135,000 of net cash used
Explanation:
Cashflow from Investing Activities Section
Purchase of equipment (146,000)
Proceeds from the sale of equipment 127,000
Purchase of land (116,000)
Net Cash from Investing Activities (135,000)
therefore,
Net cash flows from investing activities for the year were ($135,000)
Answer:
$1,465,520
Explanation:
Calculation of cost of the land that should be recorded by Water ways industries
Cost of land = Purchase price + demolition of building - sales of salvage + legal fees + Title insurance cost + Payment assessment
Cost of land = $1,335,000 + $120,000 - $8,300 + $5,220 + $3,900 + $9,700
Cost of land = $1,465,520
The answer is the amendments in the constitution or just constitution. Important and deep-rooted rules governing the conduct of an organization or nation state, and founding its concept, character, and structure. It is usually a short document, general in nature and exemplifying the aspirations and values of its writers and subjects. The eldest constitution is that of the US which is made during 1787.