Ask question

Ask question

All categories

3 years ago

7

Freee brainly pointssssssssssssssssssssssssssssssssssssss yayayayayayayayayayayayayayayayay wowowowowowowowowowowowowowowowowowo

wowowowowowowowowowowwoo

2 answers:

Oksi-84 [34.3K]3 years ago

8 0

Answer:

woohoo thankssssssssss

mart [117]3 years ago

4 0

Answer:

thanks

Explanation:

You might be interested in

Using the supply and demand for loanable funds model, explain why the central bank may aggressively expand the monetary base.

blagie [28]

Answer: This means that there may remain room for an increase in the monetary base to . Finally, we discuss reasons why the expansion of the monetary base at ..A central bank can lower longer-term interest rates even when . small, why does the Bank not aggressively try the “unconventional” policy of purchasing some specific.

Explanation: Central banks affect the quantity of money in circulation by buying or selling government securities through the process known as open market operations (OMO). When a central bank is looking to increase the quantity of money in circulation, it purchases government securities from commercial banks and institutions.

8 0

3 years ago

A local university has a goal of raising $500,000 for an escrow account. Their fund-raising committee has committed to raising $

zavuch27 [327]

Answer: 77 months

Explanation:

Use the NPER function on Excel to find the answer.

Rate is compounded monthly so:

= 8% / 12

= 0.66667%

Payment = 5,000 per month

Present value = $0

Future value = 500,000

Value should be = 76.87 months

= 77 months

6 0

3 years ago

A company purchased a delivery van for $23,000 with a salvage value of $3,000 on September 1, 2008. It has an estimated useful l

Maksim231197 [3]

Answer:

B

Explanation:

The value to depreciate is always the total asset value minus the salvage value. In this case, $23,000-$3000=$20,000. The straight line method formula is:

Depreciation = value to depreciate/useful years

Depreciation (year) = $20,000/5= $4,000

This formula calculates de depreciation expense each year from the purchase date, which means that on septemeber 1 of 2009 the company will register a depreciation expense of $4,000. But, from september 1,2008 to December 31, 2008 is less than a year we have to calculate the depreciation for each month.

Depreciation (month)= $4,000/12= $333,33

But since that depreciation would be for december 1, we need to calculate the depreciation for each day

Depreciation (day) = $333,33/31 = $10,75

From september 1 to december 1: 3 months, then $333,333 x 3= $1000

And from december 1 to december 31: 30 days, then $10,75 x 30= $322, 58

The depreciation expense on December 31 is: $1000+$322,= $1322,58 that is almost $1,333. On January 1 the depreciation expense would be $1,333.

5 0

3 years ago

Concord Company purchased equipment for $25200 on December 1. It is estimated that annual depreciation on the equipment will be

Ray Of Light [21]

Answer:

Debit Depreciation Expense, $525;

Credit Accumulated Depreciation, $525.

Explanation:

Based on the information given in a situation where the financial statements are to be prepared on December 31, which means that the company should make the following adjusting entry:

Debit Depreciation Expense, $525

Credit Accumulated Depreciation, $525

Calculated as:

Debit depreciation expense $6,300/12

Debit depreciation expense=$525

7 0

3 years ago

On January 1, 2017, Crown Company sold property to Leary Company. There was no established exchange price for the property, and

Mademuasel [1]

Answer:

Leary Company

The carrying value of the notes payable at December 31, 2017, after the first payment is made (assuming that the effective-interest method is used) is:

= $320,000

Explanation:

a) Data and Calculations:

0% Note payable = $400,000

Payment period = 5

Annual installmental payments = $80,000

Prevailing rate of interest for similar note = 8%

Schedule

Period PV PMT Interest FV

1 $-591,650.08 $80,000.00 $-47,332.01 $558,982.09

2 $-558,982.09 $80,000.00 $-44,718.57 $523,700.66

3 $-523,700.66 $80,000.00 $-41,896.05 $485,596.71

4 $-485,596.71 $80,000.00 $-38,847.74 $444,444.44

5 $-444,444.44 $80,000.00 $-35,555.56 $400,000.00

Total $400,000.00 $-208,349.93

Carrying value

Ending value = $400,000

Interest expense -47,332.01

Cash repayment -32,667.99

Carrying value = $320,000

6 0

3 years ago