Suppose you borrowed $12,000 at an annual rate of 6 percent interest to buy a car and wish to repay it in five equal payments at the end of each of the next five years. Which of the following is the closest to the amount of each of these payments?
A) $2,364
B) $2,849
C) $2,544
D) $2,436
Answer: B
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Avionics Inc, a dealer in machinery and equipment, leased equipment to Benchmark Products on July 1 . 2014 . The lease is appropriately accounted for as a sale by Avionics and as a purchase by Benchmark. The lease is for a ten-year period (the useful life of the asset) expiring June 30, 2021 . The first of ten equal annual payments of $250,000 was made on July 1 . 2014 . Avionics had purchased
the equipment for $1,337,500 on January 1 . 2014, and established a list selling price of $1,687,500 on the equipment. Assume that the present value at July 1 . 2014, of the rent payments over the lease term discounted at 1 . percent (the appropriate interest rate) was $1,582,500 . What is the amount of profit on the sale and the amount of interest income that Avionics should record for the year ended December 31 . 2014? a. $245,000 and $94,950 b. $245,000 and $79,950 c. $350,000 and $79,950 d. $350,000 and $94,950
The ______________ describes that when a national currency becomes a reserve currency, over time, people lose confidence in it due to inevitable domestic deficits, and it loses value.
Fill in the blank(s) with the appropriate word(s).
Antivirus protections may be deliberately turned off by users
Indicate whether the statement is true or false.
A port number is an unsigned 24-bit integer
a. True b. False Indicate whether the statement is true or false