A company that manufactures air-operated drain valve assemblies budgeted $84,000 per year for repair components over the next five years. Assume the company uses an interest rate of 10% per year. (a) If the company expects to spend $15,000 in year 1, what is the annual increase (arithmetic gradient) that the company expects in the cost of the parts

On the first day of the fiscal year, a company issues an $7,500,000, 8%, five-year bond that pays semiannual interest of $300,000 ($7,500,000 × 8% × ½), receiving cash of $7,740,000. journalize the first interest payment and the amortization of the related bond premium. round to the nearest dollar. if an amount box does not require an entry, leave it blank.

What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?

Winners of the georgia lotto drawing are given the choice of receiving the winning amount divided equally over 2121 years or as a lump-sum cash option amount. the cash option amount is determined by discounting the annual winning payment at 88% over 2121 years. this week the lottery is worth $1616 million to a single winner. what would the cash option payout be?