Answer:
$2,271.50
Explanation:
Future value of annuity=Annuity[(1+rate)^time period-1]/rate
57,000=Annuity[(1.079)^10-1]/0.079
57,000=Annuity[(1.079)^9]/0.079
57,000=Annuity * 1.9824/0.079
57,000=Annuity * 25.093671
Annuity=57,000/25.093671
Annuity = 2271.489094
Annuity = $2,271.50 appr.
When supplies are endless, prices tend to decrease! This is because there is an infinite amount of a good and everyone can get it. There will likely be left over supplies and the demand is not high so prices will go down.
Answer:
Sweetpea have a gain of $1,000
Explanation:
When the depreciable property is sold, then the gain or loss will be computed to the extent on the difference among the selling price and the adjusted basis.
So, the adjusted basis will be
= Cost of the basis - Depreciation
= $5,000 - $2,000
= $3.000
Therefore,
Gain or Loss = Selling Price - Adjusted basis
= $4,000 - $3,000
= $1,000
Hence, it is a gain of $1,000.
Answer:
B
Explanation:
Utility means useful, therefore the answer would be answer B. usefulness.
