Question 10 of 20

You invest in a piece of equipment costing $40,000. The equipment will be used for two years, and it will be worth $15,000 at th

inna [77]

Answer:

The answer is given below;

Explanation:

Description 0 1 2

Equipment (40,000)

Depreciation

(40,000/10,000)*4,000 (16,000)

(40,000/10,000)*6,000 (24,000)

Savings 28,000 40,000

Salvage Value 15,000

Net Cash flows 12,000 31,000

PV factor 1/1.1 =.91 1/1.1^2=.83

Net present value

PV factor*net cash flows 10,920 25,730

(10,920+25,730) 36,650

Net present value (40,000)+36,650=(3,350)

7 0

4 years ago

Electronic funds transfers ________. a) are a way of moving cash by paper documents b) do not appear on the bank statement c) in

Elanso [62]

Answer:

The correct answer is c) Include direct deposits and debit card transactions.

Explanation:

Electronic Fund Transfers (EFT) is an electronic transaction that moves money from one account to another. The accounts can be from the same institution of from different ones, and are processed through the Automated Clearing House (ACH). The ACH is a system that connects all the financial institutions in the United States.

EFTs are paper free and do not need human intermediaries to go through with a transaction. These can be done through direct deposits, wire transfers, debit cards, electronic checks, ATMs, personal computer banking and others.

6 0

4 years ago

Your right to at least a portion of the benefits you have accrued under an employer pension plan is called

Cloud [144]

Answer:

Reverse annuity mortgage RAM

Explanation:

8 0

3 years ago

An asset that is generally not expected to be converted to cash or consumed within one year or the operating cycle, whichever is

Nutka1998 [239]

Answer:

The answer B.

Explanation:

Non-current asset is a asset that is generally not expected to be converted to cash or consumed within one year or the operating cycle, whichever is longer. They have a useful life of more than. one year. For example, plant and machinery. The assets in this category are depreciated except land which has an infinite useful life.

While current asset is an an asset that is expected to be converted to cash or consumed within one year or the operating cycle, whichever is longer. Example are inventory, cash etc.

4 0

3 years ago

The authentication classification method of Personal Characteristic is most closely described as a:

notsponge [240]

Answer:

The correct answer is letter "C": Fingerprint, voiceprint, signature, or hand size.

Explanation:

Different financial and governmental institutions requests individuals enrolled to authenticate themselves so their records will not be confused with someone else's. For that purpose, the <em>authentication classification method of Personal Characteristics</em> takes the individual's fingerprint, voiceprint, and signature. In correction centers, even the hand size is necessary as long as some other inmate special features -tattoos, for instance, so that person's information can be shared with some other bureaus, if necessary.

8 0

3 years ago