Due to the high crash rates among young drivers, Driver's education or communication campaigns are being implemented in some states to reduce the rate or to solve the critical issue. Special courses for young drivers<span> to make them conscious about their personal tendencies that may affect their behavior towards driving can be helpful.</span>
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Answer:
Present Value of Annuity is $1,263,487
Explanation:
A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity.
Formula for Present value of annuity is as follow
PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]
Where
P = Annual payment = $91,000
r = rate of return = 5.15%
n = number of years = 25 years
PV of annuity = $91,000 x [ ( 1- ( 1+ 0.0515 )^-25 ) / 0.0515 ]
PV of Annuity = $1,263,487
Answer: $15,400
Explanation:
BEP = Fixed cost - depreciation/ sales - variable cost
BEP = 740,000 - (744,000/6)/($60 -$20)
BEP= $740,000-$124,000/$40
BEP = $616,000/$40
BEP =$15,400
Answer and Explanation:
The preparation is presented below:
<u> McDaniel Company </u>
<u> Partial balance sheet</u>
Particulars Amount
Current liabilities
Note payable $250,000
Long term debt
Note payable refinance $950,000
Total liabilities $1,200,000
We simply added the long term debt and the current liabilities so that the total liabilities could come
