Answer:
Check the answers below!
Explanation:
There is just one question despite the exercise requires completition of 7 additional numerals.
a. Required down payment = Price of the condominium * interest rate required by the bank.
$95.000 * 20% = $19.000
b. 28% of adjusted monthly income is:
(5000-145)*28%=
1359.4
c. Monthly payments of principal and interest for a 25-year loan.
Using PV of ordinary annuity formula,
with PV of the bank loan =96000*80%=76800
d.Total monthly payment=
671+((346+1400)/12)=
817
e.YES---- 817 < 1359.4
f. Amt. of First payment on the loan applied to the principal:
671-(76800*0.00792)=
62.74
ie.$ 63
g.Total amount she pays for the condominium with a 25-year conventional loan(without including taxes & homeowners' insurance)
671*12 mths. *25 yrs. =
201300
h) So, Total interest paid for the 25-year loan:
201300-76800=
124500
No.of periods=25*12=300
at monthly interest of 9.5%/12=
76800=Pmt.*(1-1.00792^-300)/0.00792
Solving the above, we get the monthly payment as 671
Hello. You forgot to provide the answer options. The options are:
"A) value of all goods and services produced in the economy this year B) This years prices C) value of all foods and services produced in the economy this year D) the base year's prices E) bought by consumers"
Answer:
The GDP deflator for this year is calculated by dividing the value of all goods and services produced in the economy this year using this years prices by the value of all foods and services produced in the economy this year using the base year's prices and multiplying by 100. However, the CPI reflects only the prices of all goods and services bought by consumers.
Explanation:
GDP deflator is an economic term that means "implicit price deflator". This term is defined as the price measure for any and all goods and services produced within the country, in the year in question. GDP, in turn, is directly related to this, since it represents the monetary value that each of these goods and services produced during that same year.
The GDP deflator is directly related to the CPI, which is another economic term intended to represent the consumer price index. Through the CPI, the GDP deflator is able to measure the inflation or deflation that occurred in the national economic sector for a given year.
The GDP deflator for this year is calculated by dividing the value of all goods and services produced in the economy this year using this years prices by the value of all foods and services produced in the economy this year using the base year's prices and multiplying by 100. However, the CPI reflects only the prices of all goods and services bought by consumers.
Answer and Explanation:
The Journal entry is shown below:-
Amount should be capitalized for new vehicle = Cost + Painting and new logo cost + Deluxe Roof rack and trailer hitch
= $15,600 + $6,600 + $2,900
= $25,100
We took the cost of painting and deluxe roof and trailer hitch costs into account as they are supposed to increase the vehicle's future benefits.
Depreciation = (Cost - Salvage Value) ÷ Number of Years
= ($25,100 - $6,300) ÷ 5
= $3,760 per year
In the year 2022 vehicle is used only for 6 months (July to Dec), depreciation expense for the year ended December 31, 2022 is
= $3,760 × 6 ÷ 12
= $1,880
So, the Journal entry is
Depreciation expense Dr, $1,880
To Accumulated Depreciation $1,880
(Being depreciation provided for the year 2022 is recorded)
Therefore for recording the depreciation provided for the year 2022 we simply debited the depreciation expenses while we credited the accumulated depreciation.
Answer:
= 9.5%
Explanation:
The weighted average cost of capital can be computed as follows:
After tax cost of debt :
= Before-tax cost of debt (1-T)
= 7.8% × (1-0.21)
= 6%
Market value
Equity = 105× 22= 2,310.00
Preferred stock = 25× 45= 1,125.00
Bonds= 98% × 1500=<u>1,470.00</u>
Type cost Market value Cost × equity
Equity 12.4 2,310.00 286.44
Preferred stock 8% 1,125.00 90.00
Bond 6% <u>1,470.00 </u> <u>1 90.58 </u>
4,905.00 467.02
WACC = (467.02/4,905.00 ) × 100
= 9.5%
Answer:
Form wizard
Explanation:
In microsoft access, form wizard is a menu that user can choose to create forms with specific adjustment rather than pre-determined design in the normal form option.
Using form wizard, User can select the fields that he/she wants to include and letting you determine how the data is sorted and grouped.
