Business, 16.07.2019 17:10 wereallmadhere111
John is considering the purchase of 100 acres of land in east texas for $2,500 per acre. a bank will loan him $2,000 per acre of land and the loan will be fully amortized over 12 years at 6%. the outstanding balance of the loan will be paid at the end of the 5th year. assume that the marginal tax rate is 12% and the inflation rate is 4%. (answer the following questions on a per acre basis) (i) calculate the loan payment. a. $238 b. $120 c. $118 d. none of the answers are correct enter response here: (ii) calculate the interest paid in the first year. a. $112 b. $105 c. $120 d. none of the answers are correct enter response here: (iii) calculate the tax savings from interest payments in the second year. a. $14 b. $13 c. $12 d. none of the answers are correct enter response here: (iv) calculate the loan balance at the end of the first year. a. $1,755 b. $1,622 c. $1,881.45 d. none of the answers are correct
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Which statement about the cost of the options is true? she would save $1,000 by choosing option b. she would save $5,650 by choosing option a. she would save $11,200 by choosing option b. she would save $11,300 by choosing option a.
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How will firms solve the problem of an economic surplus a. decrease prices to the market equilibrium price b. decrease prices so they are below the market equilibrium price c.increase prices
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The cutting department of cassel company has the following production and cost data for july. production costs 1. transferred out 12,300 units. beginning work in process $0 2. started 3,900 units that are 60% materials 62,856 complete as to conversion labor 12,622 costs and 100% complete as manufacturing overhead 23,100 to materials at july 31. materials are entered at the beginning of the process. conversion costs are incurred uniformly during the process. determine the equivalent units of production for (1) materials and (2) conversion costs. materials conversion costs total equivalent units of production link to text link to text compute unit costs. (round unit costs to 2 decimal places, e.g. 2.25.) materials $ conversion costs $ link to text link to text prepare a cost reconciliation schedule. (round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 1,225.) cost reconciliation costs accounted for transferred out $ work in process, july 31 materials $ conversion costs total costs $
Answers: 1
John is considering the purchase of 100 acres of land in east texas for $2,500 per acre. a bank will...
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