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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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A corporate charter: Multiple select question. names the board of directors. specifies the number of shares outstanding. is requ
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The document called a corporate charter serves a formal purpose as its:

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<h3>What is a corporate charter?</h3>

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3 0
2 years ago
On January 1, 2019, Oriole Company purchased the following two machines for use in its production process.
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Answer and Explanation:

The journal entries are shown below:

1  Equipment   $53,420

     To Cash  $53,420

(Being the equipment is purchased for cash is recorded)

The computation is given below:

= Cash price of machine + sales tax + shipping cost + insurance during shipping + installation and testing cost

= $49,500 + $3,650 + $100 + $60 + $110

=  $53,420

2. Depreciation expense $9,614

      To Accumulated Depreciation - Equipment  $9,614

(Being the depreciation expense is recorded)

The computation is shown below:

= ($53,420 - $5,350) ÷ ( 5 years)

= $9,614

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3 years ago
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Answer:

a. nearshore outsourcing

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Nearshore outsourcing is a business practice related to transferring certain activities and services to people and organizations in neighboring countries.

Since Canada and Mexico are neighboring countries of the US, this is nearshore outsourcing. On the other hand, offshore outsourcing is a type of outsourcing that transfers the activities on to farther countries. In this example, offshore countries would be India or Ukraine.

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Answer:

The reason is that the Pauline's parents are performing parental orders which includes the imposition of conditions. These imposed conditions and rules for the children are for their benefit and will help them in forming habits and protect themselves from the world evil beings. All the habits structuring of Pauline which her parent desire are of immense importance for her future life. Neither of the condition or rule mentioned in the case are unethical and are what a proactive person possesses and are also desirable. This shows that the parents are working hard with their children to let them have a good set of habits and reflects good parenting. Though initiallt it seems that the liberty of Pauline is diminished but will ensure its future safety and liberty in the long run. People have choice to drink wine but this doesn't mean that the childrem must also taste them. This is because its not good for health and that the lack of good parenting will affect them most.

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