Answer:
The instalment amount is 2695.53
Explanation:
The present value of money or borrowed amount (PV)= $12000
Interest rate (i) = 4 percent.
Time period (n )= 5 years
Annuity = A
We have to find the instalment amount that the person repay. Below is the following calculation.
P V= A x ((1 – (1 / (1 + r) ^ -n)) / r)
A = PV / ((1 – (1 / (1 + r) ^ -n)) / r)
A = 12000 / (( 1 – (1 / (1+ 4%)^-5))/ 4%
A = 2,695.53
Answer:
Galileo devised a method that exhibits some provocative similarities to, and differences from, a Rasch approach to instrument design: Viewed as a whole, Galileo's method then can be analyzed into three steps, intuition or resolution, demonstration, and experiment; using in each case his own favorite terms.
1,200 Gallons.
Economic ordering quantity (EOQ) is the most cost efficient amount to order that minimizes both carrying and order costs. The formula is
1,200 gallons
Answer:
Please see explanation
Explanation:
The Net book value of the tractor after three years of the purchase is given as follow:
Net book value= Cost - Accumulated depreciation for three years
=27,000-((27,000-3,500)/5*3)
=27,00-14,100
=$12,900
1. The journal entry to be recorded in respect of sales of tractor is given below:
Debit Credit
Bank $14,400
Accumulated depreciation $14,100
((27,000-3,500)/5*3)
Tractor $27,000
Gain on sale of asset $1,500
2. If the asset was sold for $9,400 instead of $14,400, then the following journal entry shall be made:
Debit Credit
Bank $9,400
Accumulated depreciation $14,100
Loss on sale of asset $3,500
Tractor $27,000
Answer:
The Equitable Life Assurance Society (Equitable Life), founded in 1762, is a life insurance ... Lord Penrose's 2004 Equitable Life Inquiry found that the company had made ... Both types of bonus were allocated at the discretion of the directors in ... between a fixed Guaranteed Annuity Rate (GAR) or the Current Annuity Rate ...
Explanation:
