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DaniilM [7]
3 years ago
10

Amazon would like to purchase a building costing $900,000 by paying $361,254 cash on the purchase date and agreeing to make equa

l payments every three months for the next five years. The first payment is due three months after the purchase date. Amazon's loan has an 8% interest rate. How much will Amazon pay every 3 months
Business
1 answer:
nadezda [96]3 years ago
8 0

Answer:

Amazon

The amount that Amazon will pay every 3 months is:

= $15,498.63.

Explanation:

a) Data and Calculations:

Cost of Building =                    $900,000

Down payment =                       (361,254)

Present value of payments =  $538,746

Payment period = 5 years quarterly

Interest rate = 8%

Amount to be paid every 3 months from an online financial calculator:

N (# of periods)  60

I/Y (Interest per year)  8

PV (Present Value)  538746

FV (Future Value)  0

 

Results

PMT = $15,498.63

Sum of all periodic payments $929,917.59

Total Interest $391,171.59

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issuing a Purchase order (PO) is the completion of the contract between the buyer and seller. True or False
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False, a contract is complete when the goods have been delivered and paid for. A purchase order is one of the first steps that defines what is purchased, when it should be delivered, and how much will be paid.

4 0
3 years ago
Bonita Industries purchased a machine on July 1, 2018, for $1470000. The machine was estimated to have a useful life of 10 years
Ronch [10]

Answer:

$223,200

Explanation:

to determine the depreciation charge, calculate the book value of the asset. use this revised book value to calculate the depreciation using the revised estimates

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

Book value = cost of the asset - accumulated depreciation

$1,470,000 - $354,000 = $1,116,000

salvage value - 0

useful life = 5

Straight line depreciation expense = $1,116,000 / 5 = $223,200

7 0
3 years ago
Using Earned Value Management in projects, multi-functional control account plans should have: a. A Precise Scope of work, a Sch
photoshop1234 [79]

Answer:

(C) Organizational Breakdown structure, Work Breakdown structure, Control Account Plans, and Points of Management control.

Explanation:

Under Earned value management in projects the mutli functional control account plans should have a Work break down structure which helps to provide on time deliveries and also a necessary Organizational break down structure to identify the respective persons who was assigned with particular resposibilities to provide smooth functioning of the business and both these sturctures maintain control account plans and all of these shall be subject to management control through a Points of management control.

8 0
4 years ago
Computing Number of Shares
DIA [1.3K]

Answer: See explanation

Explanation:

1. Determine the authorized shares.

The authorized share simply refers to the maximum number of shares that can be issued by a particular company. In this case, the authorised share is 212000.

2. Determine the issued shares.

The issued share simply means the shares sold. In this case, the answer is 145000 shares.

3. Determine the outstanding shares.

The outstanding shares will be:

= 145000 - 15000

= 130000

5 0
3 years ago
Under a $150,000 insurance policy on her deceased father's life, May Green is to receive $12,000 per year for 15 years. Of the $
iVinArrow [24]

Answer:

$0

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Since the amount of $12,000 would be received by May Green on her insured father so this amount would be tax free

Therefore the amount that subjected to income tax is $0

3 0
3 years ago
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