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MAXImum [283]
3 years ago
7

The operating and maintenance expenses for a mining machine are expected to be $11,880 in the first year and increase by $864 pe

r year during the 15-year life of the machine. What uniform series of payments would cover these expenses over the life of the machine
Business
1 answer:
nalin [4]3 years ago
5 0

Answer:

The answer is "\$16,441".

Explanation:

First-year operational and maintenance costs = \$11,880.

Operating and repair costs increase inwards=\$864 for the first year

N =15 years machine life

Interest I = 10\%annually combined

Please find the image file.

Its single payment sequence is now provided by:

Amount=(\text{15-year system quantity})\times (\frac{\text{Rate of interest}}{(1-(1+ \text{Rate of interest})- n))}

             = \$522,371.3236 \times (\frac{0.1}{(1-(1+0.1)-15)})\\\\

Uniform payment sequence =\$16441.2477 \approx\$16,441

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Well a bond is a government loan where they take ur money and pay u back with interest usually low interest tho
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3 years ago
rawford Trucking plans to dispose of two trucks in 2022. They sell the first truck on January 2 and the second truck on July 9.
MakcuM [25]

Answer: C : They will need to subtract a partial year of depreciation from the book value of the second truck but not the first truck.

Explanation:

When disposing of fixed assets such as vehicles, depreciation has to be charged on them to see their Net Book Value.

Companies usually depreciate their vehicles on a yearly basis in accordance with the end of their fiscal year. This company therefore most likely depreciates on December 31.

The first truck is sold 2 days after this Depreciation so there is no need to add more depreciation to it.

However the second truck on the other hand was sold 6 months later. Depreciation needs to charged on this substantial period but since it was not for the full year, a partial one needs to be charged.

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3 years ago
The investment interest expense deduction is limited to the taxpayer's net investment income.
cricket20 [7]

Answer:

The amount of interest which can be deducted in one year is limited to the net investment income of a taxpayer for that year.

Explanation:

This amount can not be exceeded. Investment income according to the IRS includes:... It does not include eligible dividends or net capital gains other than those that you want to include.

Limitations on investment interest Not all interest that you pay on investment loans are allowed to be deducted. For particular, the IRS forbids registration of certain forms of investment value, including:

1. Home mortgage interest eligible.

2. Value to raise tax-exempt revenue, as if the municipal tax-free bond is to be bought on a margin.

3. Option straddles, which are not available to most investors as an advanced investment strategy.

4.Interest in any passive operation when measuring profit or loss

7 0
3 years ago
Forecasting drives all of the key business functions. Among the following cases, select the cases that are the least suited for
Svetach [21]

Answer:

(1). Demand of radically innovative new product

Explanation:

Forecasting refers to a decision making tool for planning and making estimates of future projections. This is usually achieved by relying on past events to determine future outcomes.

There are two forecast types, namely; judgment-based and quantitative.

The combination of the two types helps to get the best outcome as it aids to mitigate weaknesses.

7 0
3 years ago
Read 2 more answers
If your co-worker sends you $30 each week via Cash App for lunch and you transfer it to your bank account instantly (1.5% fee),
EleoNora [17]

Answer:

$23.4

Explanation:

Each week, the co-worker sends $30, the feed for transfers is 1.5%. The charges per week are

=1.5 % of $30

=1.5% x $30

=0.015 x $30

=$0.45

One year has 52 week, The charge per year will be

=$0.45 x 52

=$23.4

7 0
3 years ago
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