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Goshia [24]
2 years ago
6

. If you still donate the $100,000 from Problem 16 today, but ask the college to delay the scholarship payment so that the first

scholarship payment is made 10 years from today, then how large will the annual payment be
Business
1 answer:
motikmotik2 years ago
8 0

Answer:

The annual scholarship payment = $5,693.25

Explanation:

Data Given:

In this question, we are required to calculate the future value up till 9th year and then  

Donating Amount = $100,000

Time period = 9 years

Note: Here in this question, interest rate is not given without which this question is incomplete. However, I have found similar question on the internet and will be using its interest rate to solve this question for the sake of understanding and concept.

So, the interest we use will be = 4%

Formula for the future value:

FV = Present Value (1 + r)^{n}

Present value = $100,000

n = 9 years

r = 4% = 0.04

FV = 100,000 (1 + 0.04)^{9}

FV = 100,000 x 1.4233118

FV = Future Value = $142,331.18

The annual scholarship payment = FV * r

The annual scholarship payment = 142,331.18 * 0.04

The annual scholarship payment = 5,693.247

The annual scholarship payment = $5,693.25

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Wiley Company purchased new equipment for $60,000. Wiley paid cash for the equipment. Other costs associated with the equipment
user100 [1]

Answer:

The cost recorded for the equipment=$66,500

Explanation:

When dealing with the total cost of an equipment we take the purchase cost and other additional associated costs that come with the equipment. This can be expressed as;

T=P+A

where;

T=total cost

P=purchase cost

A=additional costs(transportation cost+sales tax+installation cost)

In our case;

T=unknown

P=$60,000

A=(1,000+3,000+2,500)=$6,500

replacing;

T=60,000+6,500=66,500

The total cost=$66,500

The cost recorded for the equipment=$66,500

4 0
3 years ago
Splish Company provides the following information about its defined benefit pension plan for the year 2017. Service cost $110,00
kipiarov [429]

Answer: $155,520

Explanation:

Pension Expense = Service Cost - Expected return on plan assets + Prior service cost amortization + Interest cost

Interest Cost

= Interest rate * Projected benefit obligation

= 0.09 * 728,000

= $65,520

Pension Expense = 110,000 - 30,000 + 10,000 + 65,520

= $155,520

3 0
3 years ago
The standard quantity allowed for the units produced was 4,500 pounds, the standard price was $2.50 per pound, and the materials
katrin2010 [14]
The standard quantity that is produces is multiplied to the standard price. The product is subtracted to the quantity variance and will be divided to the standard price. The product you have acquired will be the units that are produced.

4,500 pounds x $2.50 = 11,250
11,250 - $375  = 10,875
10,875 / $2.50 = 4,350

Answer: There are 4,350 units produced.
7 0
2 years ago
The J-curve effect that results from currency depreciation results is due to Group of answer choices exports and imports being t
11Alexandr11 [23.1K]

Answer:

the value of imports increasing by more than the value of exports at the time of devaluation.

Explanation:

J-curve effect means the starting depreciation effect based on the balance of trade that should be negative also when the imports and the exports adjusted on the long run with respect to the changes made in the prices so the net effect should be positive

So as per the given situation, the above should be the answer

7 0
3 years ago
The sale of an intangible asset for cash is classified in the statement of cash flows as a(n):________
Cloud [144]

The sale of an intangible asset for cash is classified in the statement of cash flows as a(n) Investing activity.

An asset that is not physical in nature is said to be intangible. Intangible assets include goodwill, brand awareness, and intellectual property like patents, trademarks, and copyrights. Contrasting with tangible assets like real estate, automobiles, machinery, and stock are intangible assets.

Furthermore, financial assets that get their value from contractual claims, such as stocks and bonds, are regarded as tangible assets.

An asset that is not physical in nature, such as a patent, brand, trademark, or copyright, is referred to as an intangible asset.

Intangible assets can be produced or purchased by businesses.

An intangible asset may be seen as definite or indefinite, such as a contract or legal arrangement (for example, a brand name).

A company's intangible assets do not appear on the balance sheet and do not have a documented book value.

Learn more about intangible asset here:

brainly.com/question/13848560

#SPJ4

3 0
1 year ago
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