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Alexxandr [17]
2 years ago
12

A 20-year annuity pays 100 every other year beginning at the end of the second year, with additional payments of 300 each at the

ends of years 3, 9 and 15. The effective annual interest rate is 4 percent. Calculate the present value of the annuity.
Business
2 answers:
aleksley [76]2 years ago
8 0

Answer:

Approximately 1310

Explanation:

= 100 / 1.042 + 300 / 1.043 + 100 / 1.044 + 100 / 1.046 + 100 / 1.048 + 300 / 1.049 + 100 / 1.0410 + 100 / 1.0412 + 100 / 1.0414 + 300 / 1.0415 + 100 / 1.0416 + 100 / 1.0418 + 100 / 1.0420

= 1,310 Approximately

OlgaM077 [116]2 years ago
6 0

Answer:

1,310

Explanation:

= 100 / 1.042 + 300 / 1.043 + 100 / 1.044 + 100 / 1.046 + 100 / 1.048 + 300 / 1.049 + 100 / 1.0410 + 100 / 1.0412 + 100 / 1.0414 + 300 / 1.0415 + 100 / 1.0416 + 100 / 1.0418 + 100 / 1.0420

= 1,310 Approximately

So the correct answer is  Approximately

,310

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Answer:

                            Lundholm, Inc

                            Journal Entries

Date          Account Titles                   Debit          Credit

May 1, 18   Cash                                $500,000

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                 (To record the bond issuance)                  

31 Oct, 18  Interest Expenses           $22,500

                 (500000*9%*6/12)

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                 (To record payment of the first semiannual period’s interest)

Nov 1, 19  Bonds payable                  $300,000

                Loss on Bonds                  $3,000

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8 0
2 years ago
Ryker Manufacturing, inc. provided the following information for the year: The inventory account balances as of January 1 are gi
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Answer:

B. $304,060

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We know that

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= $304,060

We simply applied the above formula to compute the ending balance of finished goods inventory by considering the beginning balance of finished goods inventory, cost of goods manufacture and cost of goods sold.

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The Buttercrust Pizza Company sells pizzas in two different sizes—medium and large. The number of medium pizzas sold is twice th
Ivenika [448]

Answer:

False

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According to Buttercrust Pizza company's sales data medium pizzas sold are twice the number of large pizzas. Now here we have to take an assumption since we aren't given actual sales units. Keeping in mind the sales data we can assume that 100 units of medium pizzas and 50 units of large pizzas are sold during the period.

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Contribution margin of large pizza: (CM× units of large size pizzas)

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The weighted average contribution margin is calculated as follows:

WACM= $2100÷ 150

WACM= $14

(Disclaimer: the solution of this question has been concluded using self-induced assumptions.)

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The correct answer<span> is D. leadership behavior</span>

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3 0
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