Question 15 (2 points) On January 2, 2020, Lily Ltd. purchases a new machine. The company makes a $ 2,000 cash down payment, and agrees to pay four annual instalments of $4,000 each, starting December 31, 2020, signing a non-interest-bearing note to this effect. The cash equivalent price of the machine is not known, but the appropriate interest rate for this type of transaction is 9% p.a. Rounding to the nearest dollar (if necessary), Lily Ltd should record the cost of the machine at a) $18,000. b) $ 16,000. c) $ 14,959. d) $ 12,
Answers
The closest option among the given choices is (c) $14,959.
To determine the cost of the machine, we need to calculate the present value of the future cash flows associated with the machine. In this case, the future cash flows are the four annual instalments of $4,000 each.
Using the appropriate interest rate of 9% per annum, we can calculate the present value of the cash flows as follows:
PV = CF1/(1+r) + CF2/(1+r)^2 + CF3/(1+r)^3 + CF4/(1+r)^4
Where PV is the present value, CF1, CF2, CF3, and CF4 are the cash flows in each period, and r is the interest rate.
Substituting the values into the formula, we get:
PV = 4000/(1+0.09) + 4000/(1+0.09)^2 + 4000/(1+0.09)^3 + 4000/(1+0.09)^4
PV = 4000/1.09 + 4000/1.09^2 + 4000/1.09^3 + 4000/1.09^4
PV ≈ 3669.73 + 3365.93 + 3082.77 + 2824.32
PV ≈ 12942.75
Therefore, the present value of the cash flows is approximately $12,942.75.
Since the cash down payment was $2,000, the remaining cost of the machine would be:
Cost of the machine = Present value of cash flows + Cash down payment
Cost of the machine = $12,942.75 + $2,000
Cost of the machine ≈ $14,942.75
Rounding to the nearest dollar, the cost of the machine would be approximately $14,943.
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Related Questions
. Money is functioning as "store of value" when you put it aside for future spending.
Answers
Money is a crucial element in our daily lives, and one of its essential functions is as a "store of value."
This function refers to the ability of money to retain its purchasing power over time. When we set aside money for future spending, we are essentially storing its value for later use.
One of the key features of money as a store of value is that it must be relatively stable in its value over time. Otherwise, the value of our savings may decrease significantly, reducing our ability to purchase goods and services in the future. Therefore, governments and central banks work to maintain stable prices and low inflation rates to preserve the value of money as a store of value.
Investing money in savings accounts, bonds, or other financial instruments that provide a fixed rate of return is an effective way to store value. This approach helps protect against inflation and the loss of purchasing power over time. In contrast, keeping cash in a safe or under the mattress may not be the best option, as inflation can erode the value of the money over time.
In summary, money's function as a store of value is essential for individuals and businesses to save for future spending and maintain their financial stability. By utilizing effective methods to store value, we can protect our savings against the impact of inflation and ensure that we have the financial resources we need when we need them.
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The Production Function shows how total output changes when the amount of a single variable input changes while all other inputs are held constant. Which Economic Resource (Factor of Production) is usually the variable input?
Answers
Answer:
labor
Explanation:
They are four factors of production. They are labor, capital, land, and entrepreneurship.
Labor is compensation for human skills, knowledge, time, and energy. It is indicated as salary, wages, commissions, or allowances in the books of account. A company's labor expense is influenced by the number of workers it requires. A planned high output will require many workers, while a low-volume production needs fewer workers. Therefore labor is considered a variable cost.
Capital includes the finances, equipment, and machinery required to start a business. Capital is a fixed cost as capital requirements do not vary will the volume of output. Land and entrepreneurship are fixed costs as they are not expected to change in the s
a card issued by a bank that allows users to finance a purchase.
Answers
Answer:
Credit Card
Explanation:
Credit Card: Type of card issued by a bank that allows users to finance a purchase.
QUE ES UN CHOQUE ELECTRO SEVERO
RAPIDO RAPIDO AYUDA POR FAVOR
ES DE ELTRICIDAD PERO LE PUSE ESA MATERIA PORFAVOR AYUDAME
Answers
Answer:
un choque electro es un choque electrico
How do worker organizations influence wages?
A. They fight for higher pay for workers.
B. They lower the market value of workers.
C. They enforce regulations raising the minimum wage.
D. They require workers to have more education.
SUBMIT
Answers
Answer:
A.
Explanation:
In many industries wages are linked to enterprise cost of living which ensures a fair wages to workers. The wage rates are directly influenced by cost of living of a place. The workers will accept a wage which may ensure them a minimum standard of living. Wages will also be adjusted according to price index number.
They fight for higher pay for workers is the way organizations influence workers for wages. In many businesses, wages are tied to the cost of living of the company, ensuring that workers are paid fairly.
What is wage employment?In both the official and informal economies, wage employment encompasses any salaried or compensated position under contract to another person, organization, or company. Finding decent-paying work for those with impairments is often difficult.
Thus, option A, They fight for higher pay for workers is correct.
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Which of the following can a grocery store change in the long run?
A. the number of shelves, employees, and parking spaces in the parking lot
B. the type of grocery carts, magazine racks, and produce displays
C. the store location, sign on the storefront, and advertising on the media
D. all of the above
Answers
Answer:
I believe all of the above
Explanation:
went with what came to mind if its wrong very sorry.
A grocery store change, in the long run, is all of the above. Thus the correct option is D.
What is the importance of change?In order to remain in competition an organization needs to work on bringing change and innovation in the process as well as a product that helps them in achieving higher revenue by following trends and preferences.
If an organization adopts change frequently it shows its flexibility to cope with the demands of the market in order to meet the level of satisfaction of customers.
A grocery store that is planning to grow may eventually affect the number of shelves, staff, and parking places in the lot which helps in better services to their customers.
The design of the fruit displays, magazine racks, and grocery trolleys as well as the store's location, storefront sign, and media advertising can all help to increase sales and draw in more customers.
Therefore, option D is appropriate.
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Question 21 (2.17 points) True or False? Outcome evaluation documents how the program got started. 1) True 2) False Question 22 (2.17 points) True or False? Immediate outcomes for mass media might include changes in individual behavior and enactment of policies. 1) True 2) False Question 24 (2.17 points) Which of the following is not considered a potential audience for workplace wellness programs? 1) The "business case" from the perspective of business leaders 2) The employee 3) The "planners, implementers, and evaluators" of workplace programs 4) Local gyms Question 25 (2.17 points) True or False? The practice of "CulturalCare" seeks to assimilate patients into the culture of clinical care. 1) True 2) False
Answers
Question 22: 1) True
Question 24: 4) Local gyms
Question 25: 2) False
Question 22:True. Outcome evaluation does document how the program got started, as it focuses on the initial processes, inputs, and activities that contributed to the program's development.
Question 24:
The potential programs include: 1) The "business case" from the perspective of business leaders, 2) The employee, and 3) The "planners, implementers, and evaluators" of workplace programs. Local gyms, however, are not considered a potential audience for workplace wellness programs.
Question 25:False. The practice of "CulturalCare" does not seek to assimilate patients into the culture of clinical care. Instead, it aims to promote culturally competent healthcare by acknowledging and respecting the diverse cultural backgrounds and values of patients.
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Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character from Riverdale
Answers
Answer:veronica
Explanation:
sure
Answer:
yes i love riverdale my fav character is cheryl or betty
Explanation:
Which of the following is the CORRECT pairing of rickettsial pathogen and vector?
A) R. rickettsia; flea
B) R typhi; tick
C) R prowazekii; louse
D) R. typhi; mite
E) R rickettsia; louse
Answers
The correct pairing of rickettsial pathogen and vector is option C) Rickettsia prowazekii and louse.
Rickettsia prowazekii is the causative agent of epidemic typhus, a severe and potentially life-threatening disease. Lice, particularly human body lice (Pediculus humanus corporis), are the primary vectors for Rickettsia prowazekii transmission. These lice become infected when they feed on the blood of an infected individual and subsequently transmit the bacteria to other individuals through their feces.
The bacteria can enter the human body through the skin when the feces are rubbed into the bite wound or through mucous membranes. Therefore, the correct pairing is Rickettsia prowazekii and louse (Option C).
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Collusion occurs when companies agree to drop prices and increase production.
True
or
False
Answers
Which types of credit involve repaying different amounts each month, depending on your activity?
Answers
Answer:
Overdraft fees and credit cards
Explanation:
Lopez Corporation, a manufacturer of household paints, is preparing annual financial statements at December 31, 2007. Because of a recently proven health hazard in one of its paints, the government has clearly indicated its intention of having Lopez recall all cans of this paint sold in the last six months. The management of Lopez estimates that this recall would cost $800,000.
Requried:
What accounting recognition, if any, should be accorded this situation?
Answers
The accounting recognition to be accorded in this situation is operating expense of $800,000 and liability of $800,000.
Basically, an accounting recognition refers to the act of recording a business transaction in the firm's accounting records.
Because the management of Lopez estimates that this recall of all cans of paint sold in the last six months would cost $800,000, then, the entry will be as followsIn conclusion, the accounting recognition to be accorded in this situation is operating expense of $800,000 and liability of $800,000
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On the balance sheet for a merchandiser, merchandise inventory is listed as a(n)?
Answers
Merchandise inventory on the balance sheet for a merchandiser is listed as a current asset.
On the balance sheet of a merchandiser, merchandise inventory is categorized as a current asset. A current asset is an asset that is expected to be converted into cash or used up within one year or the operating cycle of the business, whichever is longer. Merchandise inventory refers to the goods or products that a merchandiser holds for sale to customers. It includes finished goods that are ready for sale as well as goods that are in the process of being manufactured or acquired for resale. The value of merchandise inventory is recorded at cost or lower of cost or market value, whichever is lower. This means that if the market value of the inventory drops below its cost, the inventory is written down to the lower market value. The value of merchandise inventory is important for assessing the profitability and financial health of a merchandising business. It is typically reported on the balance sheet under the current assets section, and its value is crucial for determining the cost of goods sold and calculating the gross profit of the business.
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Which one of the four factors of copyright is MOST important?
Answers
Answer:
the purpose and character of the use i think
Explanation:
An architect’s functions may include which of the following? (SELECT ALL THAT APPLY.)
-planning and designing houses, commercial buildings, and other structures
-ensuring worksite safety
-collaborating with engineers
-acting as a construction manager and supervising contractors
Answers
Answer:
the answer is planning, ensuring, and acting
f the government uses fiscal policy to reduce the budget deficit during a recession, the government will make the recession worse, ceteris paribus. question 6 options: true false
Answers
During a recession, if the government undertakes fiscal policy to lower the budget deficit, the economy will become worse. This assertion is true.
In order to increase demand and the economy during a recession, the government may lower tax rates or increase spending. On the other side, it can slow the economy in order to fight inflation by raising rates or reducing expenditure.
Expansionary fiscal policy is ideal when an economy is in a recession and generates less than its potential GDP. Fiscal policies that are in a contractionary mode reduce the level of aggregate demand through cuts to public spending or tax hikes.
Taxes and government expenditures are the primary tools of fiscal policy. if the economy is in a recession.
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Name two books of prime entry that are also books of double entry?
Answers
Answer:
Cash payment journal
Petty cash payment journal
Explanation:
Sean works at Rowen Corp., an environmentally conscious apparel manufacturing company. He primarily focuses on the tastes and needs of the firm's customers. He achieves this by managing a team that regularly interacts with customers through various promotional activities and events. He also provides insights on how to produce eco-friendly outfits through his specialized knowledge of cost-efficient manufacturing processes. This implies that Sean:_______.a) is an HR professional.
b) encourages centralized decision making.
c) is a knowledge worker.
d) encourages a narrow business focus.
e) belongs to the external labor market.
Answers
Answer:
c) is a knowledge worker
Explanation:
A knowledge worker is an individual who is skillful, experienced, educated and whose duty is to apply his or her thinking creativity on the job. According to Peter Drucker, a knowledge worker is someone who is innovative and creative in terms of developing new products and services and one who always find a better way of doing things.
The job of a knowledge work is very complex hence involves expertise on the subject field. A knowledge worker most often develop new ideas and strategies to meeting needs of people rather than focusing on manual and repetitive work. Example of knowledge workers includes but not limited to engineers, scientists, physicians, lawyers etc.
What of the following approaches should a new security engineer take to protecting a startup?(one answer choice)
Group of answer choices
Consider their adversary and how to protect against it
Only consider the most advanced threat actors as their possible adversaries
Shut down all traffic going to and from the business
Protect against every possible threat
Answers
new security engineer for a startup should take the approach of considering their adversary and how to protect against it. This approach
involves understanding the potential threats and risks specific to the startup's industry, size, and nature of operations. By analyzing the adversary landscape, the security engineer can identify the most likely threat actors and their tactics, techniques, and procedures (TTPs). Focusing on the most advanced threat actors only would be a mistake, as it ignores the wide range of potential engineer adversaries that could target the startup. Shutting down all traffic going to and from the business is an extreme measure that would hinder legitimate operations and likely be impractical. Similarly, attempting to protect against every possible threat would be an overwhelming and resource-intensive task. By considering their adversary and how to protect against it, the security engineer can develop a targeted and risk-based security strategy. This involves implementing appropriate security controls, conducting regular risk assessments, monitoring for suspicious activities, and continuously adapting security measures based on emerging threats and vulnerabilities.
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One natural consequence of mastering your job can be increased _______. a. excitement b. boredom c. interest d. fear
Answers
One natural consequence of mastering the job of any individual can be increased boredom. Option b is correct.
What is boredom?Boredom is characterized by a sense of emptiness as well as frustration with that emptiness.
When a person is bored, he/she is more likely to have a short attention span and be uninterested in what's going on around the person.
Boredom of a lengthy vehicle drive, the state of being tired and restless due to a lack of interest
A person have may have feelings of apathy, nervousness, weariness or jitteriness, and the natural consequence of mastering the job can be increased boredom.
Therefore, option b is correct.
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Answer:
B: Boredom
Explanation:
One natural consequence of mastering your job can be increased _______.
a. Excitement
b. Boredom
c. Interest
d. Fear
Using the rule of 72, how long would it take for your $1,000 investment to double at 5%?
Answers
Answer:
14 years
Explanation:
Given the following data;
ARR = 5%
Principal = $1000
From the rule of 72;
Rule of 72 can be defined as a metric used to determine the time it will take to double an investment based on its growth rate. Also, it can be used to determine the economic growth by measuring the Gross Domestic Products (GDP).
Mathematically, it is given by the formula;
\( Number \; of \; years \; to \; double = \frac {72}{ARR} \)
Where;
ARR is the annual rate of return in percent.
Substituting the values into the formula, we have;
\( Number \; of \; years \; to \; double = \frac {72}{5} \)
\( Number \; of \; years \; to \; double = 14.4 \)
Therefore, the number of years to double = 14.4 ≈ 14 years
if a gpo is applied to an organizational unit, how does it affect objects in the organizational unit?
Answers
If a GPO is applied to an Organizational Unit, it affects objects within the Organizational Unit in the following ways: Inheritance, Scope, Precedence, Enforcement and Filtering.
When a GPO is linked to an Organisational object what will be affected?When a Group Policy Object (GPO) is applied to an Organizational Unit (OU), it affects all objects within that OU, including user accounts and computer accounts. The settings defined in the GPO are enforced on these objects, meaning that any policies, preferences, or security settings specified in the GPO are applied to the objects in the OU. The GPO can either override or supplement the existing settings on the objects in the OU, depending on the specific configuration of the GPO. It is important to note that if an object is moved out of the OU to which the GPO is applied, the GPO settings will no longer be enforced on that object.
Therefore, If a GPO is applied to an Organizational Unit, it affects objects within the Organizational Unit in the following ways: Inheritance, Scope, Precedence, Enforcement and Filtering.
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the ucc provides that if a firm offer is silent as to the length of time it is irrevocable, then the contract assumes an irrevocability period of .
Answers
The UCC provides that if a firm offer is silent as to the length of time it is irrevocable, then the contract assumes an irrevocability period of 3 months.
The Uniform Commercial Code (UCC), a comprehensive body of law, regulates all commercial activities in the United States. Instead of being a federal legislation, every state has adopted it. Uniformity of law is essential for interstate business transactions.
According to the U.C.C., even when there hasn't been any payment made for the promise, a written and signed offer by a merchant to buy or sell goods that states that it will be held open is irrevocable for the duration of the time mentioned.
If the offer is promised to remain open but no time period is mentioned, it cannot be removed for a reasonable period of time. Regardless matter whether it is accepted, an offer cannot be held open for more than three months.
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Consists of all activities involved in understanding and communicating with the customer
Answers
A marketing means those activity that that is involved in understanding and communicating with the customer to help in the design, development, delivery, and determination of the value inherent in the offering.
What is a marketing?This refers to the process of creating, distributing, pricing and promoting goods and services as well as to facilitate satisfying exchange relationships with customers
The marketing also focuses on developing and maintaining favorable relationships with stakeholders in a dynamic environment
Hence, it is also involved in understanding and communicating with the customer to help in the design, development, delivery, and determination of the value inherent in the offering
Therefore, the Option B is correct.
Full question "What activity is geared around understanding and communicating with the customer to help in the design, development, delivery, and determination of the value inherent in the offering? production sales finance marketing.
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True/falseL it's impossible for managers to create effective communities of practice, only the conditions necessary for them to exist.
Answers
The summary of the answer is that it is false that managers cannot create effective communities of practice. Managers play a crucial role in fostering and supporting the development of communities of practice within organizations.
Contrary to the statement, managers have the ability to create effective communities of practice within an organization. While it is true that communities of practice are organic and emerge naturally based on shared interests and goals, managers can provide the necessary conditions and support for these communities to thrive. Managers can create an environment that encourages knowledge sharing, collaboration, and learning by promoting open communication, providing resources and support, facilitating networking opportunities, and recognizing and rewarding contributions to the community. They can also establish platforms or tools for knowledge sharing and provide opportunities for community members to engage in collaborative activities.
By creating a culture that values and supports communities of practice, managers can enable the exchange of tacit knowledge, encourage innovation, and enhance problem-solving capabilities within the organization. Effective managers understand the importance of communities of practice in promoting continuous learning and knowledge creation, and they actively work toward cultivating and nurturing these communities for the benefit of the organization and its members.
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Describe factors that encourage conspicuous
consumption by the purchase of status sym-
bols.
Answers
Veblen's initial thesis said that better social standing and peer recognition were the two key factors influencing ostentatious consumption.
Conspicuous consumerism is the act of acquiring things or services specifically with the intention of flaunting one's affluence. When publicly exhibited products and services are too expensive for other people in a person's class, conspicuous spending is a way to demonstrate one's social position.
What is the conspicuous consumerism theory?
Conspicuous consumption is defined as. Displaying extravagant riches in order to improve one's standing and reputation in society is known as conspicuous spending.To Learn more about conspicuous consumption, click the links
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below is a list of various changes in the economy. all else held constant, please match each change with the corresponding effect in the aggregate demand/supply framework.
Answers
The projected inventory exceeds the target amount when aggregate demand is lower than aggregate supply. Businesses intend to restrict production output until aggregate demand and aggregate supply are equal in order to reduce the undesirable buildup in inventory.
Reduced aggregate supply worsens an economy's unemployment issues and inflation rates. A rise in the cost of manufacturing is frequently the root cause of a decline in aggregate supply. Inflation is 'pushed' higher if overall supply declines but overall demand does not. Governments that borrow must compete with everyone else in the economy for the limited amount of accessible savings. the outcome of this contest.
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Write 3-4 paragraphs telling me your thoughts about supply chain issues and inflation
Answers
Demand-pull, supply-pull, and supply-pull inflation are the three different types of inflation. Cost-push inflation is a phenomenon. internal inflation
The cost of living in a nation or the overall rise in prices are two examples of broad measures that are frequently used to define inflation. It is the rate of price growth over a predetermined time frame. The cost of living in a nation or the overall rise in prices are two examples of broad measures that are frequently used to define inflation.
Monetarists believe that too many dollars chasing too few goods is what causes inflation. In other words, there is now an excessive amount of money.
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All taxpayers can make tax payments using a direct debit from their bank account.
True
False
Answers
Answer:
false
Explanation:
On Sunday, Dawson's flower shop sold 25 arrangements. The materials needed for 25 arrangements cost $250. If he sold each arrangement for $55, what would the net income?
Answers
Answer:
Net Income = $1125
Explanation:
The net income is the difference between the revenue and the total costs incurred to earn that revenue. It can be calculated as follows,
Net Income = Revenue - Total costs
The revenue in the given question can be calculated by multiplying the selling price per arrangement by the number of arrangements sold.
Revenue = 55 * 25
Revenue = $1375
The total cost for materials needed for 25 arrangements is provided and there are no other costs.
Net Income = 1375 - 250
Net Income = $1125