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Rama09 [41]
3 years ago
5

On January 1, year 8 Harper Co. finances the purchase of equipment by issuing a $15,000 non-interest-bearing note payable. The n

ote will be paid off in 10 equal annual installments beginning on December 31, year 8. The market rate of interest for notes of this type is 5%. Considering the information below, at what amount should Harper Co. report the equipment on its balance sheet dated December 31, year 8
Business
1 answer:
ioda3 years ago
7 0

Answer: $11583

Explanation:

The amount that Harper Co. should report the equipment on its balance sheet dated December 31, year 8 will be calculated thus:

= Amount of annual instalment × PV of ordinary annuity of $1 at 5% for 10 periods

= (15000/10) × 7.72173

= 1500 × 7.72173

= 11582.595

= 11583

Therefore, the amount will be $11583

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An African company uses a part of the profits made from the sale of its products to develop and market a portable water purifier
Diano4ka-milaya [45]

Answer:

a. It is serving the bottom of the pyramid.

Explanation:

By serving the bottom of the pyramid (impoverished community), the company is giving back to the community.

The water purifiers are cheap when mass-produced, so by partnering with people from this region they will be able to effectively distribute the incentive.

Also this is an avenue for the indegenes to earn income as commission.

7 0
3 years ago
A market price:________.
trasher [3.6K]

Answer:

C

Explanation:

Sellers market! Sellers decide what will be the market price for their goods.

Buyers can and cannot agree with the proposed price.

If they agree, sellers will up their prices next year

If the buyers do not agree we will have a sale going on

Easy as that

7 0
3 years ago
During the course of your examination of the financial statements of Trojan Corporation for the year ended December 31, 2018, yo
siniylev [52]

Answer:

$76,440

Explanation:

Calculation to determine the proper amount of net income as of December 31, 2018

Net income $87,000

Less Adjusted for insurance ($4,050)

($16,200*3/12)

Less Adjusted for deferred income ($2,700)

Less Adjusted for supplies ($2,100)

Less Adjusted for interest ($1,710)

($57,000*9%*4/12)

Net income (Adjusted) $76,440

Therefore The the proper amount of net income as of December 31, 2018 will be $76,440

4 0
3 years ago
The balance sheet for Appalachian Corporation at the end of the current year includes the following:
Pepsi [2]
B. number of times preferred dividends are earned
8 0
3 years ago
An uncertain future event affecting the consequence associated with a decision is known as a?
yanalaym [24]

An uncertain future event affecting the consequence associated with a decision is known as a chance event.

Because it result obtained when a decision alternative is chosen and a chance event occurs. A measure of the consequence is often called a payoff. states of nature. the possible outcomes for chance events that affect the payoff associated with a decision alternative.

Event is a collection of outcomes of a trial of a random experiment.

consequence is Something that logically or naturally follows from an action or condition.

outcomes is something that happens as a result of an activity or process result.

To know more about the Event here

brainly.com/question/12961938

#SPJ4

4 0
1 year ago
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