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natka813 [3]
3 years ago
8

Chancellor Ltd. sells an asset with a $1 million fair value to Sophie Inc. Sophie agrees to make six equal payments, each to be

paid one year apart, commencing on the date of sale. The payments include principal and 6% annual interest. Compute the annual payments. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) $166,651. $203,351. $135,252. $191,852.
Business
1 answer:
cupoosta [38]3 years ago
7 0

Answer:

$191,852

Explanation:

The computation of the annual payment is shown below

Given that

Loan Amount (P) = $1,000,000

Annual Interest Rate (r) = 6.00% per year

Loan Period (n) = 6 Years

Now

The Annual Lona Payment is

= [P × {r × (1 + r)^n}] ÷ (1 + r)^n - 1

= [$1,000,000 x {0.06 x (1 + 0.06)^5}] ÷ [(1 + 0.06)^6 - 1]

= $191,851.5363

= $191,852

Hence, the annual payment is $191,852

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An organization's conceptual framework, which includes its mission, objectives, and continuing strategies for accomplishing them, is known as a business model.

A business model is essentially a specification outlining how a company achieves its goals.

<h3>A successful business model is what?</h3>

As an illustration, Clay Christensen of Harvard Company School proposes that a business model should include four components: a customer value proposition, a profit formula, essential resources, and key procedures.

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6 0
2 years ago
Chez Fred Bakery estimates the allowance for uncollectible accounts at 1% of the ending balance of accounts receivable. During 2
steposvetlana [31]

Answer:

See below

Explanation:

Per the above information,

Ending account receivable balance = Beginning account receivable + Credit sales - Collections - Written off amount

$93,000 = Beginning account receivable + $108,000 - $142,000 - $130

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Beginning accounts receivable = $93,000 + $34,130 = $127,130

So, the beginning account receivable would be;

The ending accounts receivable is computed as;

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7 0
3 years ago
module 3 BlockWood Inc. has been providing raw materials to Couches Corp., a furniture company. The management at Couches recent
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The correct answer to this open question is the following.

You forgot to include the options for this question. However, we can answer the following.

This scenario best illustrates forward integration.

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3 years ago
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barxatty [35]
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5 0
3 years ago
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Whitepunk [10]

Answer: Positive ways; Barriers in connecting is slightly no more, Negative ways; Increase in fraud and cyber theft

Explanation:

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