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vitfil [10]
2 years ago
13

Suddeth Corporation has entered into a 6 year lease for a building it will use as a warehouse. The annual payment under the leas

e will be $2,468. The first payment will be at the end of the current year and all subsequent payments will be made at year-ends. If the discount rate is 5%, the present value of the lease payments is closest to (Ignore income taxes.):
Business
1 answer:
Ulleksa [173]2 years ago
6 0

Answer:

$13,153.15

Explanation:

Present value is the sum of discounted cash flows.

Present value can be calculated using a financial calculator

Cash flow each year from year 0 to 5 = $2,468

I = 5%

PV = $13,153.15

To find the PV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

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Drussden Inc., a multinational corporation, has decided to hire military veterans. This, the company feels, would not only set a
Serhud [2]

Answer:

c. to require sufficient time for training their HR personnel on how to appropriately interview these potential employees.

Explanation:

Most organizations lack a veteran recruiting program. There are several misconceptions about veterans working in private companies especially regarding their mental state. It is true that a percentage, about 10-20%, experience some type of PTSD, but it generally is not something permanent. Also, former military personnel are normal people that served their country. They have some skill sand some preparation that even though might be unrelated to a specific, might be very useful. For example, many companies hire veterans because they are adaptable, flexible, react well under pressure and tend to find solutions to problems. They didn't learn this in any school, instead they learned this on the battle field. Many veterans also have a lot of experience with solving problems and presenting clear information.

This doesn't mean that they will earn a higher salary, or that they will turn the office into a military headquarter. Many companies higher them for their flexibility and how well they adapt and react to change. The problem is that not enough companies actually have veteran recruiting programs that will help both the companies and the veterans.

6 0
2 years ago
QS 15-4 Raw materials journal entries LO P1 During the current month, a company that uses job order costing purchases $90,000 in
Temka [501]

Answer:

The journal entries are shown below:

Explanation:

The journal entries are as follows

Raw materials inventory $90,000  

      To  Cash  $90,000

(Being the raw material is purchase for cash is recorded)

Factory overhead $17,000  

         Raw materials inventory  $17,000

(Being the factory supplies is recorded)

Work in process inventory $66,100  

         Raw materials inventory $66,100

(Being the work in process is recorded)

Only these three entries are to be recorded)

8 0
2 years ago
Jack emphasizes to his people that the work must be done, regardless of circumstances, and encourages his employees to meet thei
svet-max [94.6K]

Answer:

Fiedler's contingency model would classify Jack as task structure oriented.

Explanation:

According to Fiedler's contingency model

Task Structure refers to the extent to which group tasks are clear and structured.

It can structured and unstructured

When task structure is unstructured or low, group tasks are vague. There is no clear solution or correct approach to complete the goal.

In contrast, when task structure is structured or high, the objective is clear. Employees have a clear idea about the how to approach and reach the company's goal

Jack' approach that emphasizes to his people that the work must be done, regardless of circumstances, and encourages his employees to meet their sales quotas is categorized under task structure.

4 0
2 years ago
Beck Kubiak wishes to purchase new appliances for her home. The total cost for the appliances is $2,900. To finance the purchase
Flura [38]

Answer:

total finance charge = $203.08

her monthly payment = $105.13

Explanation:

The Loan amount = Cost of Appliance - Down Payment

                              = $2,900 - ($2,900 × 20%)

                              = $2,320

Change the APR to nominal compounding,

Using a Financial Calculator, this will be :

8.50 % Shift EFF%

12 Shift P/YR

Shift NOM % = 8.19%

Then calculate the <em>monthly payment</em> as follows :

Pv = $2,320

n = 24

p/yr = 12

r = 8.19%

Fv = $0

PMT = ?

Using a Financial Calculator, monthly payment, PMT is $105.13

Total Finance Charge will then be obtained from the amortization schedule from the First Period to the 24th Period and this will be : $203.08.

5 0
2 years ago
g Mason Company paid its annual property taxes of $240,000 on February 15, 20X9. Mason also anticipates that its annual repairs
scZoUnD [109]

Answer:

$360,000

Explanation:

The total cost would be estimated as the expense anticipated plus the property taxes paid previously.

Now

Total Cost = $240,000 Property Taxes paid      +     $1,200,000 Property repairs anticipated

= $1,440,000

Now we will distribute the annual cost over the four quarters which mean we will divide the total annual cost by 4.

Quarterly Expenses = $1,440,000 / 4     = <u>$360,000</u>

4 0
2 years ago
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