Answer:
PV=$237,228.84
Explanation:
Giving the following information:
Annual payment= $25,000
Number of periods= 15 years
Interest rate= 7.5%
<u>To calculate the value of the payments today (PV), we need to use the following formula:</u>
<u></u>
PV= A*{(1/i) - 1/[i*(1 + i)^n]} * (1+i)
PV= 25,000*{(1/0.075) - 1/ [0.075*(1.075^15)]} * 1.075
PV=$237,228.84
Answer:
The accumulated depreciation at 1 January 2019 = $425000
January 1, 2019
Accumulated Depreciation 425000 Dr
Cash 400000 Dr
Loss on disposal 95000 Dr
Machine 920000 Cr
Explanation:
The straight line method of depreciation charges a constant depreciation expense every year through out the estimated useful of the asset. The depreciation expense per year under this method is calculated as,
Depreciation expense per year = (Cost - Residual value) / estimated useful life of the asset
Depreciation expense per year = (920000 - 70000) / 8 = $106250 per year
The asset was used for four years from 2015 to 2018. Thus, the accumulated depreciation at 31 December 2018 is,
Accumulated depreciation - 31 Dec 2018 = 106250 * 4 = $425000
The Net book value of the asset at 31 December 2018 = 920000 - 425000 = $495000
The loss on disposal is = 495000 - 400000 = $95000
Answer:
C. Entrepreneur
Explanation:
An entrepreneur is a person who organizes, operates and takes risks for a new business venture. The entrepreneur brings together the various factors of production to produce goods or services.
some of the characteristics of a good entrepreneur are listed below
• Risk taker
• Creative
• Optimistic
• Self-confident
• Innovative
• Independent
• Effective communicator
• Hard working
Ben ability to focus on creating solution for customers shows that he is creative and innovative.
Answer:b
Explanation:
Because it is shown in the text
Answer:
Strength: It provided a faster way of travel
Weakness: It took forever and required a lot of manpower
Explanation:
