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vodka [1.7K]
3 years ago
8

On January 1, 2020, Snitchy Company purchased a tractor-trailer rig for $188,000.

Business
1 answer:
olasank [31]3 years ago
6 0

Answer:a

Explanation:

Cost of Trailer - $188,000

Salvage value $28,000

Useful life: 8 years

Depreciable amount - $160,000

Expected miles coverage - 352,000

Mileage in 2020 = 44,500

Mileage in 2021 = 41480

Depreciation rate = 1/8*100 = 12.5%

Straight line :

160,000/8 = 20,000                     2020                      2021

                                                     20000                     20000

Units of production   (44500/352000*160000) (41480/352000*160000)

                                                   20,227.27                      18,854.54

Double declining                   25%*188000            25%*141000

balance                                        47000                      35250

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so if we multiply 2 ft and 1800 meals that is delivered in 1 hour,we get 2 X 1800 = 3600 meals in an hour.

If we try to accommodate the plates at each ft then there will be 3600 meals delivered in 1 hour.

we know that 1 hour has 3600 seconds in it.

So, here the distance is 1 ft, and speed has to be determined time is 1 hour = 3600 seconds

3600 meals / 3600  seconds = 1 foot per second.

OR 1800 meals set at 2 ft apart in 3600 seconds will give the speed of the belt as 1 foot per second.

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<h2>so, the speed also will be 1 foot per second. </h2>
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The correct answer is letter "E": significantly lowered the costs of shipping goods over long distances.

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The amount of accounts receivable that is actually expected to be collected is known as the:a.uncollectible accounts expense. b.
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Economic models often: vary greatly in assumptions and simplifications. are correct. provide similar answers. fail to explain an
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3 years ago
You want to buy a house that costs $140,000. You have $14,000 for a down payment, but your credit is such that mortgage companie
rodikova [14]

Answer:

Kindly check explanation

Explanation:

Given the following :

Cost of house = $140,000

Down payment = $14000

Take back mortgage = 126000 = PV

Rate (r) = 5%

Yearly payment one can afford = 22000

a. If the loan was amortized over 3 years, how large would each annual payment be? Could you afford those payments?

Number of period = 3

Using the relation:

PMT = r(PV) / 1 - (1 + r)^-n

PMT = 0.05(126000) / 1 - 1.05^-3

PMT = 6300 / (1-0.8638375)

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He won't be able to afford it, as the monthly payment is larger than the affordable amount of $22000

b. If the loan was amortized over 30 years, what would each payment be? Could you afford those payments?

PMT = r(PV) / 1 - (1 + r)^-n

PMT = 0.05(126000) / 1 - 1.05^-30

PMT = 6300 / (1-0.2313774)

PMT = 8196.48

He would be able to afford it, as the monthly payment is lower than the affordable amount of $22000

c. To satisfy the seller, the 30-year mortgage loan would be written as a balloon note, which means that at the end of the third year, you would have to make the regular payment plus the remaining balance on the loan. What would the loan balance be at the end of Year 3, and what would the balloon payment be?

Present value of remaining balance after the 3rd year:

Present Value (PV) = PMT[(1 - (1 + r)^-n) / r]

Where

PMT = periodic payment = 8196.48

r = Interest rate = 5% = 0.05

n = number of periods = 30 - 3 = 27

PV = 8196.48[(1 - (1 + 0.05)^-27) / 0.05]

PV = 8196.48[(1 - (1. 05)^-27) / 0.05]

PV = 8196.48[0.7321516 / 0.05]

PV = 120,021.32

Balloon payment :

120,021.32 + 8196.48 = 128,217.80

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