You want to buy a new sports coupe for $84,500, and the finance office at the dealership has quoted you an APR of 5.2 percent for a 60-month loan to buy the car. What will your monthly payments be? What is the effective annual rate on this loan?

Answers

Answer 1

Answer:

Monthly Payment is $1602.37

Effective interest rate is 5.33%

Explanation:

a.

The monthly payment made includes the interest and principal payment as well.

Monthly payment can be calculated using following formula

Monthly Payment = [Present value of loan x r] / [{1 - (1 + r)-n}]

Monthly Payment = [$84,500 x (0.052/12)] / [1 - (1 + 0.052/12)-60]

Monthly Payment = [$366.17 / 0.2285]

Monthly Payment = $1,602.37

b.

The Effective interest rate is the actual interest rate that are being charged on loan after incorporating the compounding effect.

Use following formula to calculate the effective Annual rate

EAR = [1 + (i/n)]^n - 1

EAR  = [ 1 + (5.2% / 12]^12 - 1

EAR = [1.0043]^12 - 1

EAR = 1.0533 - 1

EAR = 0.0533

EAR = 5.33%

Answer 2

a. Monthly Payment is $1602.37

b. Effective interest rate is 5.33%

Calculation of monthly payment & effective rate of interest is:

a.

The monthly payment involved the interest and principal payment.

Monthly Payment = [Present value of loan × r] ÷ [{1 - (1 + r)-n}]

= [$84,500 × (0.052 ÷ 12)] / [1 - (1 + 0.052÷12)-60]

= [$366.17 ÷ 0.2285]

= $1,602.37

b.

The Effective interest rate is the actual interest rate that is being charged on a loan after taking the compounding effect.

EAR = [1 + (i ÷ n)]^n - 1

= [ 1 + (5.2% ÷ 12]^12 - 1

= [1.0043]^12 - 1

= 1.0533 - 1

= 0.0533

= 5.33%

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Related Questions


What is a service economy?
OA. An economy that exhibits elements of both capitalism and socialism.
OB. An economy in which more effort is devoted to the production of services than to the production of goods.
OC. An economy that services other nations with goods.
O D. An economy in which businesses and individuals decide what to produce and buy and the market determines
quantities sold and prices.

Answers

True. In a command economy, the government takes on the role of the market by deciding what, how, and for whom to produce goods and services.

What is economy?

Economy is the system of production, consumption and distribution of goods and services of a particular country or region. It is the process by which goods and services are created, exchanged and consumed. It involves the coordination of economic activities, such as the production of goods and services, their trade and consumption, and their redistribution. It also encompasses the study of the behavior of individuals, households, firms, and governments in their production, consumption and exchange of goods and services.

It answers the three basic economic questions of what to produce, how to produce it, and for whom to produce it. It also owns the factors of production, such as land, labor, and capital. The government makes decisions based on centrally-planned goals rather than market signals, and the state owns and controls most of the means of production. This type of economy is also referred to as a centrally-planned economy.

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To help audiences understand large amounts of information, which visuals are the most suitable?

Answers

different between isoquant and isocost

A rational firm operating in a perfectly competitive market has its demand and total cost function given below.
TR=20Q-30Q2
TC=50+25Q-40Q2
Required
1.calculate Average fixed cost function)
2.Average variable cost function
3.Marginal cost function
4.Profit maximizing level of output
5.Maximum Profit
how do i tackel this

Answers

The average fixed cost function will be 50/Q.

How to calculate the cost?

From the information given,

TR = 20Q - 30Q²

TC = 50 + 25Q - 40Q²

The average fixed cost will be:

= Fixed cost/Quantity

= 50/Q

The average variable cost will be:

= VC/Q

= (25Q - 40Q²)/Q

= 25 - 40Q

The marginal cost function will be:

TC = 50 + 25Q - 40Q²

We'll differentiate it. This will be:

MC = 25 - 80Q

The profit maximizing level of output will be:

MR = MC

20 - 60Q = 25 - 80Q

-60Q + 80Q = 25 - 20

20Q = 5

Q = 5/20 = 0.25

The profit will be:

= TR - TC

= 20Q - 30Q² - (50 + 25Q - 40Q²)

= [(20 × 0.25 - (30 × 0.25²)] - [(50 + (25 × 0.25) - (40 × 0.25²)

= [5 - 1.875] - [50 + 6.25 - 2.5]

= 3.125 - 53.75

= -50.625

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Discuss the challenge created for financial accountants by the presence of uncertainty.

Answers

Uncertainty creates challenges for financial accountants in accurately measuring, reporting, and disclosing financial information.

The presence of uncertainty poses significant challenges for financial accountants. Uncertainty refers to the lack of predictability or reliability in future events or outcomes, which makes it difficult to accurately measure and report financial information. Here are some key challenges created by uncertainty:

Measurement and valuation: Uncertainty makes it challenging to determine the appropriate measurement and valuation of assets, liabilities, revenues, and expenses.

Financial accountants must make estimates and judgments based on available information, assumptions, and professional judgment. However, the accuracy of these estimates may be compromised by the inherent uncertainty.

Financial statement presentation: Uncertainty affects the presentation of financial statements. Accountants must disclose the nature and extent of significant uncertainties that could impact the company's financial position and performance. However, determining which uncertainties are material and require disclosure can be subjective and complex.

Risk assessment: Uncertainty introduces risk into financial reporting. Accountants need to assess and manage risks associated with uncertain events, such as changes in market conditions, legal disputes, or environmental factors. They must consider the potential impact of these risks on financial statements and disclose them appropriately.

Forecasting and decision-making: Uncertainty makes forecasting and decision-making challenging for financial accountants. They need to analyze financial data and projections while considering the potential impacts of uncertain factors.

This requires them to use sophisticated models, scenario analysis, and sensitivity analysis to assess the range of possible outcomes.

Regulatory compliance: Financial accountants must comply with accounting standards and regulatory requirements. Uncertainty adds complexity to compliance efforts, as new and evolving regulations may require additional disclosures or adjustments to financial statements to reflect uncertain events or future obligations.

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Identify each action by the Fed as expanding the money supply, shrinking it, or neither. expands the money supply shrinks the money supply neither expands nor shrinks Drag each item above to its matching item below. Note that every item may not have a match, while some items may have more than one match. The Fed lends money to struggling banks. Press Space to open The Fed regulates banks to ensure stability. Press Space to open The Fed buys mortgage-backed securities. Press Space to open The Fed sells Treasury bonds to investors.

Answers

Based on macroeconomic analysis, it is believed that by matching the items in the question with their effect, we have the Fed lends money to struggling banks. -- expanding the money supply;

This is because when the Fed lends money to struggling banks, there is more money available for people to borrow or assess in the economy.

The Fed regulates banks to ensure stability. -- expanding the money supply, or shrinking it;

When the Fed regulates banks to ensure stability, they may either be pumping money into the economy to solve deflation or take money from the economy to solve inflation.

The Fed buys mortgage-backed securities. -- expanding the money supply;

When the Fed buys mortgage-backed securities, owners of these mortgages get more money, thereby pumping money into the economy.

The Fed sells Treasury bonds to investors -- shrinking it;

When the Fed sells Treasury bonds to investors, they take money from investors, thereby taking away money from the economy.

Hence, in this case, it is concluded that there are various means by which the federal government can expand or shrink the money supply in the economy.

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Precision Systems manufactures CD burners and currently sells 18,500 units annually to producers of laptop computers. Jay Wilson, president of the company, anticipates a 15 percent increase in the cost per unit of direct labor on January 1 of next year. He expects all other costs and expenses to remain unchanged. Wilson has asked you to assist him in developing the information he needs to formulate a reasonable product strategy for next year.
You are satisfied that volume is the primary factor affecting costs and expenses and have separated the semivariable costs into their fixed and variable segments. Beginning and ending inventories remain at a level of 1,000 units. Current plant capacity is 20,000 units. The following are the current-year data assembled for your analysis.
Sales price per unit $100
Variable costs per unit:
Direct materials $10
Direct labor $20
Manufacturing overhead and selling and administrative expenses 30 60
Contribution margin per unit (40%) $40
Fixed costs $390,000
Required:
a. What increase in the selling price is necessary to cover the 15 percent increase in direct labor cost and still maintain the current contribution margin ratio of 40 percent?
b. How many units must be sold to maintain the current operating income of $350,000 if the sales price remains at $100 and the 15 percent wage increase goes into effect?
c. Wilson believes that an additional $700,000 of machinery (to be depreciated at 20 percent annually) will increase present capacity (20,000 units) by 25 percent. If all units produced can be sold at the present price of $100 per unit and the wage increase goes into effect, how would the estimated operating income before capacity is increased compare with the estimated operating income after capacity is increased? Prepare schedules of estimated operating income at full capacity before and after the expansion.

Answers

a. An increase of $20 per unit is necessary to cover the 15 percent increase in direct labor cost and maintain the desired contribution margin ratio.

b.The fixed costs and desired operating income remain the same, so the contribution margin per unit of $40 is used. The required sales volume is 18,500 units.

c. The estimated operating income after capacity expansion can be determined by increasing the production and sales volume by 25 percent, i.e., 23,125 units

a. To maintain the current contribution margin ratio of 40 percent, the selling price per unit needs to be increased by 20 percent [(15 percent wage increase) / (current contribution margin ratio)].

Therefore, an increase of $20 per unit is necessary to cover the 15 percent increase in direct labor cost and maintain the desired contribution margin ratio.

b. To maintain the current operating income of $350,000, the number of units that must be sold can be calculated using the contribution margin ratio.

The fixed costs and desired operating income remain the same, so the contribution margin per unit of $40 is used. The formula for calculating the required sales volume is:

(Number of units) = (Fixed costs + Desired operating income) / Contribution margin per unit

Plugging in the values, we have:

(Number of units) = ($390,000 + $350,000) / $40 = 18,500 units

c. Before the capacity expansion, the estimated operating income can be calculated using the current production and sales volume of 18,500 units.

The estimated operating income after capacity expansion can be determined by increasing the production and sales volume by 25 percent, i.e., 23,125 units.

The schedules of estimated operating income at full capacity before and after the expansion can be prepared by multiplying the respective sales volumes with the contribution margin per unit and subtracting the fixed costs and the wage increase.

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Where would your client navigate to view the status of a bill payment that was paid using Bill Pay powered by Melio?

Answers

Here are the steps:

Go to the Reports menu on the left pane.Select Bills and Applied Payments from the What you owe section.Click the Customize button at the top.Go to the Rows/Columns drop-down, and then check the box for the Tracking # and other info you want to include it.

I hope this helps!!!

1)Which of the following is an example of a corporate ritual?
A) Employees swapping stories about the company's history and past heroes who have madesignificant contributions to the company.
B) Company excutives using company-specific jargon or slogans intended to inspire other employees to perform better.
C)Companies hosting annual partics to commemorate employee contributions and rewardoutstanding performance.
D)The assortment of material artifacts that characterize an organization, including the layoutof its facilities,how its cmployees dress,and the types of automobiles provided to topexecutives.

Answers

Companies hold annual celebrations to honor employee contributions and recognize exceptional performance as an example of a corporate ritual. Thus, option C is correct.

What is ritual?

Actively indulge in rituals only with the goal of reaching a variety of meaningful outcomes, such as lowering anxiety, feeling comfortable, easing bereavement, or succeeding in a contest.

Companies hosting annual parties among their contribution are rewarded for outstanding performance that would the boost the morale of the employees and put them towards better performance in the coming year is an example of corporate usage. Therefore, option C is the correct option.

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Write a Preliminary Investigation Report for the New Century Clinic (not Personal Trainer) case study in the book at the end of chapters 1 and 2. It should be similar to the one in the book written for the Software Case on page 96. Read the Software Case at the end of chapters 1, and 2. Chapter 2 lists the topics that should be included in the PI Report. I have attached a file of interviews with various personnel in the New Century Clinic. Try to come up with the costs like in the sample, even with the limited experience you have in this. This should be about one page long, just like in the sample. Use the same headings as in the sample. This is one report, not one for chapter one and one for chapter two

Answers

Answer:

I don't see the question all I see is your whole assignment directsions

Bulk heated Mac & Cheese can be held for _______ hours. Enter the exact number.

Answers

Answer:

2

Explanation:

Bulk heated Mac & Cheese can be held for 2 hours.

Bulk heated mac & cheese can be held for 2 hours.

Where does Panera get their mac and cheese?

The Mac and Cheese at Panera Bread are "prepared offshore with our exclusive recipe devised by our chefs," according to Panera Bread's defense to The Washington Post. As a result, the company is able to avoid employing preservatives that don't adhere to its clean requirements because the product is transported frozen to its bakery-cafes.

Bulk-heated mac & cheese, like any other cooked food, is susceptible to bacterial growth. Bacteria can multiply rapidly between 40°F and 140°F, which is known as the "danger zone." Therefore, it is important to ensure that cooked mac & cheese is held at a safe temperature to prevent bacterial growth and foodborne illness.

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4.2.9 Quiz: Selecting a Candidate and Making an Offer
Question 9 of 10
Which of the following is a way for an HR department to ensure it is following
up with job candidates in an EEO-compliant manner?
OA. They ensure that they have asked job candidates about their
willingness to work weekends.
OB. They ensure that have look at their budget before making a firm
offer on the wage or salary.
OC. They ensure that they ask job candidates about why they left their
last job or position.
OD. They ensure job candidates have been recruited from a wide
variety of minority channels.

Answers

One way that an HR department can ensure it is following up candidates right is D. They ensure job candidates have been recruited from a wide variety of minority channels.

What is EEO Compliance ?

It is crucial for organizations to maintain a diverse candidate pool as it upholds EEO compliance, thereby preventing discrimination and enabling equal opportunities, adopting various minority channels in the recruitment process guarantees unbiased consideration of applicants from distinct backgrounds, which counters traditional recruitment methods that may be partial to certain groups.

Through this approach, HR departments can ensure impartiality and inclusivity in their hiring processes while serving the organization's overall best interests.

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Harrison Company calculated the following amounts concerning its financial information for the years ending December 31, 2017 and 2016: Current ratio Net Profit margin 2017 3.1 to 1 22% 2016 2.0 to 1 18% Required: SHOW YOUR WORKINGS 1- Examine Harrison's ratios. Is the change in the current ratio favorable or not? Explain your answer. (2 points) 2- Examine Harrison's ratios. Is the change in the net profit margin favorable or not? Explain your answer. (2 points)​

Answers

The current ratio has increased from 2.0 to 1 in 2016 to 3.1 to 1 in 2017. A higher current ratio indicates that the company has more current assets available to pay off its current liabilities.

To determine whether the change in the current ratio is favorable or not, we need to compare the ratios for 2017 and 2016.

Current Ratio = Current Assets / Current Liabilities

2017 Current Ratio = 3.1 to 1

2016 Current Ratio = 2.0 to 1

This is generally seen as favorable, as it suggests that the company is in a better position to meet its short-term obligations. Therefore, the change in the current ratio is favorable for Harrison Company.

To determine whether the change in the net profit margin is favorable or not, we need to compare the ratios for 2017 and 2016.

Net Profit Margin = Net Profit / Total Revenue

2017 Net Profit Margin = 22%

2016 Net Profit Margin = 18%

The net profit margin has increased from 18% in 2016 to 22% in 2017. A higher net profit margin indicates that the company is generating more profit for each dollar of revenue it generates. This is generally seen as favorable, as it suggests that the company is more efficient in managing its costs and generating profit. Therefore, the change in the net profit margin is favorable for Harrison Company.

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Dré m Johnson profile

Answers

Answer:

huh what is your question

What are some environmental advantages of building green? (Site 1)

Answers

By embracing green building practices, society can mitigate the negative environmental impacts of the construction industry and contribute to a more sustainable future.

Building green, or constructing environmentally sustainable buildings, offers several environmental advantages. Here are some key benefits:

Energy Efficiency: Green buildings are designed to minimize energy consumption through the use of energy-efficient appliances, insulation, and lighting systems. This reduces the demand for non-renewable energy sources and lowers greenhouse gas emissions, leading to a reduced carbon footprint.

Water Conservation: Green buildings employ water-saving technologies such as rainwater harvesting systems, low-flow fixtures, and efficient irrigation methods. These measures help conserve water resources and reduce the strain on local water supplies, particularly in regions prone to water scarcity.

Improved Indoor Air Quality: Green buildings prioritize indoor air quality by using low VOC (volatile organic compound) materials, proper ventilation systems, and natural daylighting. This creates healthier and more comfortable indoor environments, reducing the risk of respiratory issues and enhancing occupant well-being.

Waste Reduction and Recycling: Green building practices promote waste reduction and recycling throughout the construction process. Materials with high recycled content are preferred, and construction waste is sorted and recycled whenever possible. This reduces the amount of waste sent to landfills and promotes a more sustainable approach to resource management.

Biodiversity and Habitat Preservation: Green buildings often incorporate features that support biodiversity, such as green roofs, native landscaping, and bird-friendly design elements. These elements provide habitats for local flora and fauna, promote biodiversity, and contribute to the preservation of ecosystems.

Reduced Environmental Impact: The use of sustainable construction materials, such as recycled content materials, sustainably sourced wood, and non-toxic products, helps minimize environmental damage associated with resource extraction and manufacturing processes.

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Determine the missing amounts in each of these four separate situations a through d.
a
b
с
d
$
2,816
625 $
4.375
3,313 $
11,264
11,864
Supplies available-prior year-end
Supplies purchased during current year
Total supplies available
Supplies available-current year-end
Supplies expense for current year
5.000
14,577
(1,075)
(3,296)
22,296
(800)
12,439
3,013

Answers

The determination of the missing amounts in each of these four separate situations, a through d, is as follows:

                                                                    a              b             c            d

Supplies available-prior year-end      $2,816       $625    $4,375     $3,313

Supplies purchased (current year)      11,264      11,864     5,000     14,577

Total supplies available                    $14,080  $12,489    $9,375  $17,890

Supplies available-current year-end   (1,075)    (3,296)      (800)   (12,439)

Supplies expense for current year $13,005    $9,193   $8,575    $5,451

What are end-of-year adjustments?

The end-of-year adjustments are the changes made to the items of the balance sheet and income statements to ensure that the year-end financial reports accurately reflect the company's accounts in accordance with the accrual concept and the matching principle of US GAAP.

Thus, the missing amounts have been determined, but note that the amounts may not be accurate because the question was not complete.

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Will leaving the country make an American businessman immune to U.S. laws?

Answers

Answer:

No, one of the characteristics of a sovereign state is that a citizen is subject to the state's laws even when beyond national borders.

Please give the Brainliest answer!!!

A document of title allows the person who possesses it to

Answers

Answer:

A person who possesses a document of title can legally transfer ownership of the goods covered by it by delivering or endorsing it over to another without physically moving the goods.

Which of the following are
examples of natural resources? (Check all that apply)
Gold
Fish
Factories
Money

Answers

Answer:

fish, gold

Explanation:

I just know trust me

What was Indiana's total government expenditures in fiscal year 2018-2019? (1 point)
O $15.9 billion
O $11.9 billion
O$34.89 billion
O $34.11 billion

Answers

Indiana's total government expenditures in the fiscal year 2018-2019 is $34.89 billion. The correct option is C.

Public consumption, public investment, and transfer payments made up of capital transfers and income transfers (pensions, social benefits), collectively referred to as government expenditures, are all included in the definition of goods and services.

Fiscal policy is characterized as the strategy used by the government to carry out various economic policy goals through the use of taxation, public expenditure, and public borrowing.

Thus, the ideal selection is option C.

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By matching revenue earned during the accounting period to related incurred expenses

a.net income or loss will always be overestimated
b.net income or loss will be properly reported on the income statement
c.net income or loss will always be underestimated
d.net income or loss will not be determined

Answers

1. Bill for ads that appeared in prior month's local newspaper.Accrued expense
2. Fees received but not yet earned.Unearned revenue
3. Fees earned but not yet received.Accrued revenue
4. Premium paid on a one-year insurance policy.Prepaid expense
5. Rent received in advance for rental of office space.Unearned revenue
6. Supplies on hand.Prepaid expense
7. Rent paid in advance.Prepaid expense
8. Wages owed but payable in the following period

Net income or loss will be properly reported on the income statement by matching revenue earned during the accounting period to related incurred expenses.

According to Matching concept in Accounting, Expenses and related revenue must be recorded in the same accounting period.

The purpose of this concept is to avoid possible mis-statement of  earnings for a period.

Adhering to this concept ensures proper entry into the income statement.

In short, revenues and expenses must recognized in the same period.

In conclusion, the net income or loss will be properly reported on the income statement if the concept are used.

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What is an incentive

Answers

Answer:

An incentive is something that motivates or encourages a person to take a specific action. Incentives can be positive, such as a reward or a benefit, or negative, such as a punishment or a cost. Incentives can be used to influence behavior and decision-making, and they are often used in economic and business contexts to motivate employees, consumers, or other stakeholders. Incentives can take many forms, including financial rewards, recognition, privileges, or other benefits.

Newspapers in the nation of Hasalot report a significant increase in money supply during the past few months. This information indicates that Hasalot may experience a serious recession in the near future.
t or f

Answers

This information indicates that Hasalot may experience a serious recession in the near ... report a significant increase in money supply during the past few months.

Newspapers in the nation of Hasalot report a significant increase in money supply during the past few months. This information indicates that Hasalot may experience a serious recession shortly. The above statement is true.

What do you mean by recession?

When there is a general fall in economic activity, there is a recession, which is a contraction of the business cycle in economics. Recessions typically start when consumer spending falls dramatically across the board.

Recessions are defined as severe, widespread, and sustained declines in economic activity. Although it is generally accepted that two successive quarters of minus the gross domestic product (GDP) development indicate a recession, many people use more sophisticated metrics to determine if the economy is in a downturn.

Less money is moving around in the business as well as the stock market falls during a recession. Due to the uncertainties brought on by growing inflation, novice investors will dump their equities. People start to leave the stock market in search of more money and security, which drives down share values even more.

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"Mr. Bergh sent the firm's then top 60 managers six questions about the pros and cons of the business - and started interviewing each of them." Why would Mr. Bergh ask his managers questions about the pros and cons of the business? What type of information was he attempting to retrieve in his interview process? Do you feel that this is an effective way of communication from a leadership perspective?

Answers

Mr. Bergh asked his managers about the pros and cons of the business to gather valuable insights, encourage collaboration, and enhance organizational performance, making it an effective communication approach from a leadership perspective.

Mr. Bergh likely asked his managers questions about the pros and cons of the business to gain valuable insights and feedback from those who have a deep understanding of the organization's operations. By seeking input from the top 60 managers, he could gather a comprehensive perspective on the strengths and weaknesses of the business.

In his interview process, Mr. Bergh was likely attempting to retrieve information about various aspects of the business, such as identifying areas of improvement, understanding challenges faced by the managers, exploring potential opportunities, and gathering ideas for strategic decision-making.

By asking specific questions, he could assess the managers' knowledge, critical thinking, and problem-solving abilities. The goal would be to obtain actionable insights that could inform the company's future direction and enhance its performance.

From a leadership perspective, this approach can be highly effective. Engaging with managers and soliciting their opinions demonstrates a collaborative and inclusive leadership style.

It empowers managers by involving them in decision-making processes and signaling that their expertise and perspectives are valued. It also fosters a culture of open communication, encourages creativity, and enables the organization to tap into the collective intelligence of its top management.

However, the effectiveness of this approach depends on the receptiveness of the managers, the level of trust and psychological safety within the organization, and how the collected feedback is utilized.

It is essential for leaders to create an environment where managers feel comfortable expressing their views and ensure that the information gathered is acted upon or considered in decision-making processes. Regular and transparent communication should follow to close the feedback loop and demonstrate a commitment to continuous improvement.

In summary, asking managers about the pros and cons of the business and conducting interviews can be an effective way for a leader to gather valuable insights, foster collaboration, and enhance organizational performance when accompanied by a supportive leadership style and a commitment to act upon the feedback received.

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Kendra is a quality assurance inspector for a toothpaste manufacturer what would be one task that Kendra might perform as part of her job
I give 20 points

Answers

Answer:

A. Kendra opens random boxes of toothpaste and inspects the tubes inside.

I am sorry if it is not correct, it just seems like the most logical answer, as she assures the quality of toothpaste.

You have received two bids from outside companies to conduct guest satisfaction surveys for you. You want at least 320 responses. Company A charges $3,200 + $6 per respondent. Company B charges $4,000 + $3 per respondent. Which company will cost you less?

a) Company A
b) Company B

Answers

From the two bids received  from outside companies to conduct guest satisfaction surveys, the company that would cost me less will be Company B which charges $4,000 + $3 per respondent.

What is a bid?

A bid is the price offer that a corporation or individual is willing to pay in the context of auctions, stock exchanges, or real estate. Bidding is an individual or business's offer to set a price for a product or service, or a demand that something is done. Bidding is a method of determining the price or worth of something.

Bidding can be done by a person who is influenced by a product or service in a given setting. It is used by numerous economic niches to determine demand and thus the worth of a commodity or property. In today's modern technology environment, the Internet is a preferred platform for giving bidding services.

Therefore, from the bids received it can be concluded that Company B would cost less.

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On July 1, 2021, Larkin Co. purchased a $460,000 tract of land that is intended to be the site of a new office complex. Larkin incurred additional costs and realized salvage proceeds during 2021 as follows: Demolition of existing building on site $ 71,000 Legal and other fees to close escrow 12,900 Proceeds from sale of demolition scrap 8,600 What would be the balance in the land account as of December 31, 2021

Answers

Answer:

$75,300

Explanation:

The computation of the balance in the land is shown below;

Purchase cost

$460,000

Add:

Demolition of existing building on site

$71,000

Add:

Legal and other fees to close escrow

$12,900

Less:

Proceeds from the sale of demolition scrap

($8,600)

Balance in the land

$75,300

Therefore, balance in the land account as of December 31, 2021 is $75,300

Determine the missing amount:
Assets=Liabilities+owners Equity x 272000 573000

Answers

Based on the given amounts of assets and liabilities, the missing amount of Owner's equity is $301,000

How to find the equity?

The Owners equity is one of the parts of the Accounting equation which is:

Assets = Liabilities + Owners Equity

The Assets in this instance is $573,000 and the Liabilities are $272,000.

The Owner's equity is the missing amount and it can be found as:

573,000 = 272,000 + Owners Equity

Owners Equity = 573,000 - 272,000

Owners Equity = $301,000

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How does Europe write down their dates

Answers

[Day] [Month] [Year]

Europeans do not use commas.

Example (today's date!):

2 February 2021 is how it would be written in Europe.

may I have Brainliest? =)

All of the following are EXCLUDED from the definition of an agent EXCEPT an individual who represents the issuer in the:A.sale of municipal securities to the publicB.private placement of common stockC.sale of common stock to the issuer's employeesD.sale of federal covered common stock to the public

Answers

The exemption with respect to the agent is the sale of federally covered common stock to the public

According to the issuer exemption, the issuer's issuance of securities is not regarded as a "sale" within the meaning of the Securities Act and is consequently free from the Act's registration requirements. This indicates that before offering the securities to the general public, the issuer is not required to register them with the Securities and Exchange Commission (SEC).

The corporation that issues and sells the securities to the general public, or the issuer of the securities, is exempt from this requirement. The sale of federally protected common stock as well as other securities, including bonds and notes, are covered by the issuer exemption. Its goal is to make it possible for businesses to raise money by selling securities to the general public without having to go through the time-consuming and expensive process of registering those securities with the SEC.

Read more about the agent on:

https://brainly.com/question/7284696

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what information from carrie’s paystub is important to know and use when creating her budget?

Answers

Answer:

Brainliest pls

Explanation:

her income statement

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