Total bond interest expense over the bond's life:
The bonds pay interest semiannually, so the total number of interest periods is 10 (5 years x 2 periods per year). The bond interest expense is calculated as follows:
Bond Interest Expense = Par Value x Annual Coupon Rate x Fraction of Year
= $460,000 x 6.5% x 6/12
= $14,950
Total Bond Interest Expense = Bond Interest Expense x Number of Interest Periods
= $14,950 x 10
= $149,500
Effective Interest Amortization Table:
Semiannual Period-End Cash Interest Paid Bond Interest Expense Premium Amortization Unamortized Premium Carrying Value
01/01/2020 - - - $9,812 $469,812
06/30/2020 $15,250 $14,950 $300 $9,512 $460,362
12/31/2020 $15,250 $14,950 $300 $9,212 $460,062
06/30/2021 $15,250 $14,503 $747 $8,465 $460,297
12/31/2021 $15,250 $14,503 $747 $7,718 $460,544
06/30/2022 $15,250 $14,058 $1,192 $6,526 $461,284
12/31/2022 $15,250 $14,058 $1,192 $5,334 $462,076
06/30/2023 $15,250 $13,615 $1,635 $3,699 $463,046
12/31/2023 $15,250 $13,615 $1,635 $2,064 $464,027
06/30/2024 $15,250 $13,174 $2,076 - $465,000
12/31/2024 $15,250 $13,174 $2,076 - $465,000
Journal Entries:
June 30, 2020:
Debit: Bond Interest Expense - $14,950
Debit: Premium on Bonds Payable - $300
Credit: Cash - $15,250
December 31, 2020:
Debit: Bond Interest Expense - $14,950
Debit: Premium on Bonds Payable - $300
Credit: Cash - $15,250
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Use the information in Exhibit 7 and 8. What is the run time per unit? Hint: Compute an "adjusted run time per unit" that includes the batch setup time.
Using the information in Exhibits 7 and 8, the run time per unit, including the batch setup time, is calculated by dividing the total run time by the number of units produced. This adjusted run time per unit takes into account both the time spent on actual production and the time spent on setting up the batch.
To compute this adjusted run time per unit, first, determine the total run time by adding the batch setup time and the total time spent on producing the units. Next, divide the total run time by the number of units produced to obtain the adjusted run time per unit.
In order to provide you with a more precise answer, please provide the relevant information from these exhibits, such as batch setup time, total production time, and the number of units produced. Once you provide this information, I will be able to help you calculate the adjusted run time per unit.
a woman sells her home for $450 000. she had purchased it for $300 000 and has lived there for 3 years. how much will she owe to IRS due to the gain on the sale?
Answer: $0
Explanation:
As a single homeowner, you are allowed to sell your house and get a $250,000 exemption on capital gains tax so long as you had stayed in the house for 2 years or more out of the last 5 years.
The woman in question has stayed in her home for 3 years when she sold it so she qualifies for the exemption.
Her capital gain is:
= Selling price - cost price
= 450,000 - 300,000
= $150,000
This is less than the exemption of $250,000 so the woman will be totally exempted from capital gains tax.
No amount will be gained by the woman
The amount that every house owner is exempted to gain is $250,000
The woman sold her house for $450,000
She purchased the house for $300,000
The gain can be calculated as follows;
$450,000-$300,000
= $150,000
This amount is less than $250,000 hence there is no gain
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What is the relationship between insurance and successful financial management? Why is insurance important?
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Insurance is an important aspect of risk management in business. Insurance is related to successful financial management because when a business is insured, it can weather times of loss and unforeseen occurrences without losing its strength. Insurance is important because it helps businesses to mitigate loss.
Insurance is an aspect of risk management in business where a policyholder pays an agreed sum to the insurer, with the intent of lightening any unforeseen losses they may encounter in the future. Insurance is important because businesses come with risks that could be sudden and unexpected.The pool of funds generated by the insurance company from other insurers will be used to attenuate the loss that the business will face.Conclusively, if businesses will thrive for a long time, insurance is very beneficial.Learn more here:
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Munoz Company paid $97,000 to purchase a machine on January 1, Year 1. During Year 3, a technological breakthrough resulted in the development of a new machine that costs $116,000. The old machine costs $55,000 per year to operate, but the new machine could be operated for only $8,000 per year. The new machine, which will be available for delivery on January 1, year 3, has an expected useful life of five years. The old machine is more durable and is expected to have a remaining useful life of five years. The current market value of the old machine is $31,000. The expected salvage value of both machines is zero. Required Calculate the total avoidable costs in keeping the old machine and buying a new machine. Should the machine be replaced?
Yes, the old machine should be replaced and the old machine is more durable and is expected to have a remaining useful life of five years.
Keeping Old Machine Buying New Machine
Operating costs $275,000 (55,000*5) $40,000 (8,000*5)
Opportunity costs 31,000
Purchase price 0 116,000
Total $306,000 $156,000
Yes, the old machine should be replaced.
The idea of opportunity costs is a major concept in economics. Because by definition they are unseen, opportunity costs can be easily overlooked if one is not careful. Understanding the potential missed opportunities foregone by choosing one investment over another allows for better decision-making.
Opportunity costs represent the benefits an individual, investor or business misses out on when choosing one alternative over another. While financial reports do not show opportunity cost, business owners can use it to make educated decisions when they have multiple options before them.
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What is a Multi-Step Income Statement?
A multi step income statement is a company's financial statement that is presented in a fashion that shows revenues, costs, and expenses for a certain reporting period.
What distinguishes a multi step income statement from a simple income statement?A single calculation is used to report the company's net income in a one-step income statement. An itemised breakdown and various computations are used to determine the business's operational income and gross profit in a multi-step income statement, which is more detailed. Operating and non-operating incomes and expenses are divided into categories on the multi-step income statement. It assists users in assessing the organization's financial performance. The users will be aware of the profit made from the main activities of purchasing and selling things as well as how it differs from non-operating activities.
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tire valet case is there a growing need for this service? what conditions in the economy would support the growth of this service
Growth in both the workforce's size and productivity are generally understood. Either one can grow the economy overall, but only substantial productivity growth can raise per capita GDP and income.
The gross domestic product of a country is often used as a proxy for the value added produced via the production of goods and services over a given time period (GDP). It also also takes into consideration the revenue generated by such manufacturing, or the total amount spent on finished goods and services (less imports). Gross domestic product, more commonly abbreviated as GDP, is one of the most significant. This economic indicator measures the total monetary value of goods and services produced in the nation over a specific time period, including health care, education, and textiles, machinery, and food products. 2% to 3% is the best range for GDP growth. How robust the economy is can be determined by GDP growth.
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What conditions in the economy would support growth of this service?
all small indusrties are highly labor intensive true /false given reason
Answer:
FALSE.
Explanation:
Not ALL small industries are highly labor-intensive. If you start a small industry, it could become highly labor-intensive as a result of insufficient staffing, inventory, and other factors.
TIP: Never use "ALL", "ALWAYS", "NEVER", etc...words like this turn arguments false.
During the year, Lox, Stock and Bagel Inc.'s net income was $60,000. Its average stockholders' equity was $240,000, and it had 120,000 shares outstanding the entire year. Its stock was selling for $10 per share. Its P/E ratio equals ______. The company has no preferred stock. Multiple choice question. 20.00 0.50 40.00 0.25
Based on the information given its P/E ratio equals: 20.00.
Using this formula
P/E ratio =Selling price per share/(Net income/Number of shares outstanding)
Where:
Selling price per share=$10
Net income=$60,000
Number of shares outstanding=120,000 shares
Let plug in the formula
P/E ratio =$10/($60,000/120,000)
P/E ratio =$10/0.5
P/E ratio =20.00
Inconclusion its P/E ratio equals: 20.00.
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why there's so many wrong answer?
Answer:
people are dumb tooo
Explanation:
true or falsefrequent deliveries of small shipments can reduce inventory but also result in an increase in the transportation cost per unit.
True. Frequent deliveries of small shipments can reduce inventory but can also result in an increase in the transportation cost per unit.
This is because the cost of transportation is largely based on the size and weight of the shipment - smaller packages require more handling, and thus cost more to transport. Additionally, frequent deliveries require more shipments and thus more transportation costs. Therefore, while reducing inventory can be beneficial in terms of inventory costs, it can increase transportation costs.
Reducing inventory can also help improve customer satisfaction, as customers can receive orders quicker and more regularly. However, it is important to consider the trade-off between inventory and transportation costs when deciding upon the optimal delivery frequency. Ultimately, it is important to weigh the pros and cons of both options and consider the needs of the customer.
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You've been asked to be the speaker for a 1-hour presentation at a large conference. The conference committee scheduled your presentation in a ballroom with a capacity of 500 people. You've been told approximately 465 people have enrolled in your session.
What environmental factor must you consider that could impact your message? (select the best answer)
Bad weather
Audio equipment
How many people attend your presentation
The traffic getting to the conference center
The traffic getting to the conference centre is the environmental factor must you consider that could impact your message. Hence, option D is correct.
What is environmental factor?In relation to genetics, environmental influences include things like pesticides or industrial waste we are exposed to where we live or work, unhealthy lifestyle choices like smoking or eating poorly, and stressful events.
Environmental elements include things like air, water, climate, soil, natural vegetation, and landforms. By definition, environmental factors have an impact on daily life and are a significant contributor to disparities in health between regions.
Thus, option D is correct.
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Job #4260 consisted of 1,000 units at a total cost of $200,000. The cost transferred to cost of goods sold for the sale of 600 of the units is ______.
The cost transferred to cost of goods sold for the sale of 600 of the units is 120,000. Frequently, market analysts use models with two sources of info: actual capital, with amount K and work, with amount L.
What is Total cost?In financial matters, total cost (TC) is the base dollar cost of creating some amount of result.
This is the total monetary cost of creation and is comprised of variable cost, which changes as indicated by the amount of a decent delivered and incorporates information sources like work and natural substances.
Work #4260 comprised of 1,000 units at a total cost of $200,000. The cost moved to cost of products sold for the offer of 600 of the units is
Total cost / units x sale of units
200,000 / 1,000 x 600
= 120,000
The negligible cost can likewise be determined by tracking down the subordinate of total cost or variable cost. Both of these subsidiaries work in light of the fact that the total cost incorporates variable cost and fixed cost, yet fixed cost is a consistent with a subsidiary of 0.
The total cost of delivering a particular degree of result is the cost of the multitude of variables of creation. Total cost in financial matters incorporates the total open door cost (benefits got from the following best other option) of each element of creation as a feature of its fixed or variable costs.
Therefore The extra total cost of one extra unit of creation is called minor cost.
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_____ include tools and equipment used to produce goods and services.
a. Capital resources
b. Consumer resources
c. Human resources
d. Natural resources
Answer:
The correct answer is B!
Explanation:
Consumer resources, include tools and equipment used to produce goods and services. Thus, option (b) is correct.
What is goods?
The term goods as the another name was the commodities. The goods are the sold to the exchange of the money. The goods are the produced with the help of raw material. The goods are the based on the two prices, such as the manufacturing prices and retail prices. The goods are the two types are the raw goods and the finished goods.
According to the manufactured goods and services as the companies are the manufacturing to the based on the consumer resources. The foundation is built on economic development. Factors of production are the resources used to create all commodities and services.
As a result, the consumer resources, include tools and equipment used to produce goods and services.
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Pretend you are President of the United States. The Citizens and the economy of the USA need financial assistance to get back on their feet. List and describe three fiscal Policies you would initiate (describe each policy in 3 sentences):
Assuming i am the President of U.S. and the country needs a financial assistance to get back on their feet. The most likely fiscal Policies we would initiate are the:
contractionary fiscal policyexpansionary fiscal policyWhat do we call a Fiscal policy?In economics, a fiscal policy refers to a governmental decision to increase or decrease taxation and spending. Most time, a Fiscal and monetary policy are often used together to influence the economy. But the fiscal policy can affect a company’s growth, hiring ability and taxes.
We have 3 types of fiscal policy which includes a neutral, expansionary, and contractionary fiscal policy. The neutral policy is one where government takes no steps to provide economic support because it feels the economy is healthy and stable, the expansionary fiscal policy mainly involves increasing spending or cutting taxes to prevent or end a recession or depression and the contractionary fiscal policy involves cutting spending or raising taxes to slow down unsustainable economic growth.
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retailers use __________ to get customers into their stores.
Retailers use mass media advertising to attract customers to their stores. Mass media advertising is advertising placed in mass media markets to reach a large number of potential consumers.
These ads tend to be expensive due to the sheer volume of impressions they deliver and require great care in designing campaigns for maximum impact.We handle your advertising needs in-house. Companies that don't want to do so can use advertising companies that specialize in mass media marketing. Most mass media also have an advertising department that handles requests from clients interested in placing advertisements.
Mass media advertising is advertising placed in mass media markets to reach a large number of potential consumers. These ads tend to be expensive due to the sheer volume of impressions they deliver and require great care in designing campaigns for maximum impact. We handle your advertising needs in-house.
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A business is sued because its neglect led to damage to a private home in a
neighborhood where the business's employees were working. Due to the
severity of the neglect, the judge ruled that the business would pay
significantly more than the actual dollar amount of the damage. What is this
an example of?
A. Jurisdiction
B. Punitive damages
C. OSHA regulations
D. Class action suit
SUBMIT
Answer:I think it is B punitive damages
Explanation:
) Consider that the government wants to get the real interest rate back to its original level. (The level before the decrease in investment demand in part a.) Should the government increase or decrease governmeni expenditure? Make a fiscal policy suggestion about government expenditure. Show the effect of your suggestion on real interest rate using graphical analysis. Describe briefly. (15 points)
The government should decrease government expenditure to increase the real interest rate. This can be achieved by reducing aggregate demand, resulting in a leftward shift of the aggregate demand curve and an increase in the real interest rate.
To get the real interest rate back to its original level, the government should decrease government expenditure. By reducing government spending, the government can decrease the overall demand in the economy, which can help to increase the real interest rate.
A decrease in government expenditure will lead to a decrease in aggregate demand (AD) in the economy. This shift in AD will result in a leftward shift of the aggregate demand curve. As a result, the equilibrium output level will decrease, and the real interest rate will increase.
Graphically, this can be represented as a leftward shift of the aggregate demand curve, intersecting with the short-run aggregate supply (SRAS) curve at a lower output level and a higher price level. The increased real interest rate can be seen as the vertical distance between the original and new equilibrium points on the aggregate demand curve.
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All of the following aspects are central to servant leadershi Helping others whenever possible • Listening to others Placing self-interest before anything else. Inspiring through trust o Working toward feasible goals revious ORI ** N
All of the following aspects are central to servant leadership except "Placing self-interest before anything else." Servant leadership is a leadership philosophy and approach that emphasizes the leader's commitment to serving the needs of others
Servant leaders prioritize the well-being and development of their followers, fostering an environment of trust, collaboration, and support. They actively listen to the needs and perspectives of others, seeking to understand and address their concerns. By putting the needs of others first, servant leaders aim to empower and uplift their followers, helping them grow and succeed.
However, placing self-interest before anything else contradicts the fundamental principles of servant leadership. The essence of servant leadership lies in selflessness and a genuine desire to serve others. While leaders need to take care of themselves to effectively support others, the primary focus should be on the welfare and growth of their followers rather than personal gain.
Servant leadership is often associated with ethical leadership and has been shown to create positive work environments, enhance employee satisfaction and well-being, and promote organizational success. By prioritizing the needs of others, servant leaders foster a culture of mutual respect, trust, and collaboration, leading to increased employee engagement and overall organizational effectiveness.
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Pompeii, Inc., has sales of $53,000, costs of $24,200, depreciation expense of $2,550, and interest expense of $2,300. If the tax rate is 24 percent, what is the operating cash flow, or OCF
Answer:
$23,052
Explanation:
The computation of operating cash flow is shown below:-
Before that we have to determine the net income which is
Income statement
Sales $53,000
Cost ($24,200)
Depreciation ($2,550)
EBIT $26,250
Interest expense ($2,300)
Earnings before tax $23,950
Tax (5,748)
(24% × $23,950)
Net income $18,202
Now,
Operating cash flow = EBIT + Depreciation - Tax
= $26,250 + 2,550 - $5,748
= $23,052
what is the first step in creating the federal budget?
Answer:
The President Submits a Budget Request The president sends a budget request to Congress each February for the coming fiscal year, which begins on Oct. 1. 5
There is a dollar sale on neckties. You buy 10. Estimate your consumer surplus if you would have been willing to pay $10 for the first tie, $9 for second, $8 for the third, and so forth.
A reasonable estimate of your consumer surplus from the ten ties is
Answer: 45
Explanation: I just answered it and got it correct
10+9+8+7+6+5+4+3+2+1= 55
Subtract 10 = 45 Total
10 is the $1 dollar difference times the ten items
Answer:45
Explanation:
During the summer between his junior and senior years, James Cook needed to earn sufficient money for the coming academic year. Unable to obtain a job with a reasonable salary, he decided to try the lawn care business for three months. After a survey of the market potential, James bought a used pickup truck on June 1 for $ 1,800 . On the following door he painted "James Cook Lawn Service, Phone 471-4487." He also spent $ 900 for mowers, trimmers, and tools. To acquire these items, he borrowed $ 3,000 cash by signing a note payable promising to pay the $ 3,000 plus interest of $ 78 at the end of the three months (ending August 31). By the end of the summer, James had done a lot of work and his bank account looked good. This prompted him to wonder how much profit the business had earned. A review of the check stubs showed the following: Bank deposits of collections from customers totaled $ 15,000 . The following checks had been written: gas, oil, and lubrication, $ 1,050 ; pickup repairs, $ 250 ; mower repair, \ ; miscellaneous supplies used, $ 80 ; helpers, $ 5,400 ; payroll taxes, $ 190 ; payment for assistance in preparing payroll tax forms, $ 25 ; insurance, $ 125 ; telephone, $ 110 ; and $ 3,078 to pay off the note including interest (on August 31). A notebook kept in the pickup, plus some unpaid bills, reflected that customers still owed him $ 700 for lawn services rendered and that he owed $ 180 for gas and oil (credit card charges). He estimated that the cost for use of the truck and the other equipment (called depreciation) for three months amounted to $ 600 . Required:
(b) Do you see a need for one or more additional financial reports for this company for the quarter and thereafter? Explain.
One additional financial report that would be beneficial for James Cook's lawn care business is an income statement or profit and loss statement.
The income statement summarizes the revenue, expenses, and profit (or loss) generated by the business during a specific period of time, in this case, the quarter. It would provide James with a clear picture of the financial performance of his business over the summer.
To prepare the income statement, James would need to list the total revenue earned from customers, which is $15,000 in this case. Then, he would deduct all the expenses incurred during the quarter, such as gas, repairs, supplies, helpers' wages, taxes, insurance, telephone expenses, depreciation, and interest paid on the note. This would give him the net income or profit for the quarter.
The income statement would help James assess the profitability of his lawn care business, identify any areas of high expenses, and make informed decisions to improve his business operations. For example, if the expenses are too high compared to the revenue, he may need to adjust his pricing or find ways to reduce costs.
Overall, the income statement would provide James with valuable financial insights to evaluate the performance and profitability of his lawn care business during the quarter.
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In this case, preparing additional financial reports like an income statement, balance sheet, and accounts receivable aging report will provide James Cook with valuable insights.
1. Income Statement: James should prepare an income statement to determine the profitability of his lawn care business. This statement will show the revenues earned from customers and the expenses incurred in running the business. By comparing the total revenue with the total expenses, he can calculate the net profit or loss for the quarter. This will give him a clear picture of the financial performance of his business.
2. Balance Sheet: A balance sheet will provide James with a snapshot of the financial position of his business at a specific point in time. It will list the assets (such as the pickup truck, mowers, and tools), liabilities (such as the note payable), and owner's equity. This will help James track the value of his business assets and liabilities and assess the overall financial health of his business.
3. Accounts Receivable Aging Report: Since some customers still owe James $700 for lawn services rendered, it would be helpful for him to prepare an accounts receivable aging report. This report will categorize the outstanding customer balances based on the length of time they have been unpaid. By reviewing this report, James can identify which customers are overdue in their payments and take appropriate actions to collect the outstanding amounts.
In conclusion, preparing additional financial reports like an income statement, balance sheet, and accounts receivable aging report will provide James Cook with valuable insights into the profitability, financial position, and outstanding customer balances of his lawn care business. These reports will help him make informed decisions, manage his finances effectively, and plan for the future.
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Tell me why you would use a local bank or an online bank.
You are in work and a group of coworkers are complaining about a project deadline. Which of the following is not an example of avoiding negativity?
-complain along with your co-workers
-see the positive side of the situation
-stay away from the gossip
be part of the solution
Answer: complain along with your co-workers
Where does Excel automatically save and store the Personal Macro workbook? O START folder O MACRO folder O XLSTART folder O XLMACRO folder
Excel automatically saves and stores the Personal Macro workbook in the **XLSTART folder**.
The XLSTART folder is a default folder location in Excel where it looks for certain files when it starts up, including the Personal Macro workbook. The XLSTART folder is specific to each user on their respective computer and is typically located in the user's profile directory. The exact location of the XLSTART folder may vary depending on the operating system and Excel version, but it is commonly found in the following paths:
- Windows: C:\Users\[username]\AppData\Roaming\Microsoft\Excel\XLSTART
- Mac: /Users/[username]/Library/Group Containers/UBF8T346G9.Office/User Content/Startup/Excel
By saving the Personal Macro workbook in the XLSTART folder, Excel automatically loads and makes the macros available each time the application starts, allowing users to access and use their personalized macros easily.
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During _____, a marketing manager should use such criteria as fit with the firm's other products, profit potential, and marketability.
Answer:
product screening
During product screening, a marketing manager should use such criteria as fit with the firm's other products.
What is Product screening?This is the process which involves products being evaluated according to a certain set of criteria on whether they will be successful in the marketplace.
This is usually done by organizations so as to ensure they meet profit potential, and marketability.
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The total factory overhead for Big Light Company is budgeted for the year at $807,500. Big Light manufactures two different products - night lights and desk lamps. Night lights is budgeted for 60,000 units. Each night light requires 1/2 hour of direct labor. Desk lamps is budgeted for 80,000 units. Each desk lamp requires 2 hours of direct labor. Determine the total number of budgeted direct labor hours for year.
Answer:
Explanation:
Budgeted direct labor hour is defined as the average time it will take to complete a budgeted production . This is calculated by multiplying the budgeted production by the labor hour per unit of production.
Workings
Total overhead budget = 807,500
Night light budgeted production = 60,000
Desk lamp budgeted production= 80,000
Night lamp production = 1/2 hour / unit
Desk lamp production = 2 hour / unit
Night light budgeted hour = 60000*1/5 = 30,000 hours
Desk lamp budgeted hour = 80,000 * 2 = 160,000 hours
Total number of budgeted direct labor hours = 190,000 hours
A company can buy a machine that is expected to have a three-year life and a $21,000 salvage value. The machine will cost $1,764,000 and is expected
to produce a $191,000 after-tax net income to be received at the end of each year. If a table of present values of $1 at 12% shows values of 0.8929 for
one year, 0.7972 for two years, and 0.7118 for three years, what is the net present value of the cash flows from the investment, discounted at 12%?
Multiple Choice
$105,214
$564 457
$615,438
$689,319
O $1,869,214
< Prev
9 of 25
Next
The net present value of the cash flows from the investment, discounted at 12% is $564,457.
Explanation:
First, we need to calculate the annual cash flows:
Annual net income = $191,000
Add back depreciation (cost - salvage value / useful life) = ($1,764,000 - $21,000) / 3 = $581,000
Annual cash flow = $191,000 + $581,000 = $772,000
Using the present value table given:
PV factor for year 1 = 0.8929
PV factor for year 2 = 0.7972
PV factor for year 3 = 0.7118
NPV = (PV factor for year 1 x Year 1 cash flow) + (PV factor for year 2 x Year 2 cash flow) + (PV factor for year 3 x Year 3 cash flow) - Initial investment
NPV = (0.8929 x $772,000) + (0.7972 x $772,000) + (0.7118 x $772,000) - $1,764,000
NPV = $687,888 - $1,764,000
NPV = -$1,076,112
However, since the salvage value of $21,000 is not accounted for in the NPV calculation, we need to add it back to get the final answer:
NPV + Salvage value = -$1,076,112 + $21,000 = -$1,055,112
Finally, we need to consider that the question asks for the net present value (NPV) of the cash flows, not the total value. So we need to subtract the initial investment from the NPV:
Net present value of cash flows = NPV - Initial investment
Net present value of cash flows = -$1,055,112 - (-$1,764,000) = $708,888
Therefore, the correct answer is not listed in the multiple choice options.
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If a tax is levied on the sellers of a product, then there will be a(n)
a. downward shift of the demand curve.
b. upward shift of the demand curve.
c. decrease in quantity demanded.
d. increase in quantity demanded.
If a tax is levied on the sellers of a product, then there will be an decrease in quantity demanded.
Why is Tax imposed?
Governments levy taxes to fund public services and infrastructure such as roads, healthcare, and education. It also contributes to the maintenance of a more equitable distribution of wealth among citizens. Taxation is also used to fund social programmes like welfare, as well as to reduce inequality and poverty.
Why is Education Important?
Education is important because it provides people with the knowledge, skills, and confidence they need to contribute positively to society. It can also provide people with career and economic opportunities, allowing them to provide for themselves and their families. Education also fosters critical thinking, problem-solving, and communication skills, which are all necessary in today's workforce. Finally, education can give people a sense of purpose by helping them understand and appreciate their surroundings.
Therefore the option C.decrease in quantity demanded. is the correct answer.
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Do you believe that Hispanic Entrepreneurs have made progress in Business?:
Answer:
Pls rate Brainliest
Explanation:
I do because they have come up with several good business ideas