1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MrRissso [65]
3 years ago
8

One of the departments at Yolo Industries has entered into a 9 year lease for a piece of equipment. The annual payment under the

lease will be $3,800, with payments being made at the beginning of each year. If the discount rate is 12%, the present value of the lease payments is closest to (Ignore income taxes.): Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using the tables provided.
Business
1 answer:
Darya [45]3 years ago
5 0

Answer:

PV= $22,677.03

Explanation:

Giving the following formula:

Number of periods (n)= 9 years

Annual payment (A)= $3,800

Discount rate (i)= 12%

<u>First, we will calculate the future value of the payments using the following formula:</u>

FV= {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}

FV= {3,800*[(1.12^9) - 1]} / 0.12 + {[3,800*(1.12^9)] - 3,800}

FV= 56,147.49 + 6,737.7

FV= $62,885.19

<u>Now, the present value:</u>

PV= FV / (1 + i)^n

PV= 62,885.19 / (1.12^9)

PV= $22,677.03

You might be interested in
Garten Inc. is a publishing company. It has a very diverse workforce. When interns and new employees join the company, they are
lawyer [7]

Answer:

B) diversity pairing

Explanation:

When people of different cultural backgrounds, sexes, races, are paired for mentoring, it is known as diversity pairing.

7 0
3 years ago
Quinton wants you to calculate his biweekly paycheck. How much would he earn each pay period if he has an annual salary of $55,5
koban [17]
$2,134.62.

There are approximately 52 weeks in a given year, meaning that there are 52/2, or 26, biweekly pay periods. Therefore, we divide the annual salary of $55,500 by 26 biweekly pay periods to get $2,134.62 for the biweekly paycheck. 

The formula is the annual amount divided by the number of periods. Here, there are 26 periods of biweekly (once every two weeks) paychecks. 
6 0
3 years ago
The price elasticity of demand for beef is about 0.60. Other things equal, this means that a 20 percent increase in the price of
givi [52]

Answer:

Quantity of beef demanded will decrease by 12%

Explanation:

Data provided in the question:

Price elasticity of demand for beef, Ed = 0.60

Increase in the price of beef = 20%

Now,

Price elasticity of demand for beef,

Ed = [ Percentage change in Quantity ] ÷ [ Percentage change in price  ]

or

0.60 = [ Percentage change in Quantity ] ÷ 20%

or

Percentage change in Quantity = 0.60 × 20%

or

Percentage change in Quantity = 12%

Also,

Price and Quantity are inversely proportional

Hence,

With the increase in price, the quantity will decrease

Therefore,

Quantity of beef demanded will decrease by 12%

3 0
3 years ago
How have graeter's owners used the four factors of production to build the business over time?
Kaylis [27]
The Graeter's proprietors utilized the four elements of generation to fabricate the business after some time. The four components are arrive, work, capital, and business enterprise. The land is utilized on the grounds that they based the underlying start-up of the organization through their own particular home. They didn't utilize any cash attempting to set up their business.
6 0
3 years ago
You have been asked by management to explain the variances in costs under your inpatient capitated contract. The following data
il63 [147K]

Find the given attachment

7 0
3 years ago
Other questions:
  • The promotional budget will clarify how much can be spent on advertising and personal selling.
    15·2 answers
  • Select the correct statement regarding fixed costs. Multiple Choice
    6·1 answer
  • Cash balance, September 1 (from a summer job) $7,560
    10·1 answer
  • The Tipton Division of Dudley Company reported the following data last year: Return on investment 20 % Minimum required rate of
    8·1 answer
  • ________ marketing consists of activities undertaken to create, maintain, or change attitudes toward particular people. People r
    7·1 answer
  • Who can become a principal and who can become an agent?a. Any person can become a principal, but an agent has to have the capaci
    5·1 answer
  • The insurance policy, together with the policy application and any added riders form what is known as
    11·1 answer
  • The six steps for recording a business transaction in the general journal are shown below, out of order. In your working papers
    9·1 answer
  • The Category Profile that involves evaluating the major forces and trends that are impacting an industry: including pricing, com
    12·1 answer
  • Whether supplier-seller relationships in an industry represent a strong or weak source of competitive pressure is a function of
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!