Should pay in every installment for the equipment

Assignment Help Business Economics

Reference no: EM131007894

Gert communication, inc. purchased new equipment for $200000.gert communication, inc. paid $50000 for the equipment in cash and took financing for 3 years at 15% annual interest. Gert communication, inc. will pay off the financing in three equal installments by the end of each year. What amount Gert communication, inc. should pay in every installment for the equipment? What is the total amount Gert communication, inc. will pay for the equipment? Please ignore taxes and other additional charges.

Reference no: EM131007894

Questions Cloud

Cost per equivalent unit for materials : If the total dollar value of the inventory is $80,000 and the cost per equivalent unit for labor and overhead is $6.00, what is the cost per equivalent unit for materials?

Problem regarding the absorption costing : The company's unit product cost was $15 under variable costing and $24 under absorption costing. If the ending inventory consisted of 1,460 units, how many units must have been in the beginning inventory?

How fast is the distance between the origin and the particle : As the particle passes through the point (π/4, square root 2π) it's x-coordinate is increasing at square root 8 cm/s. How fast is the distance between the origin and the particle changing at this instant?

Should pay in every installment for the equipment : Gert communication, inc. purchased new equipment for $200000.gert communication, inc. paid $50000 for the equipment in cash and took financing for 3 years at 15% annual interest. What amount Gert communication, inc. should pay in every installment fo..

Lyons company common fixed expenses : Net operating income for the company was $22,000 and traceable fixed expenses were $45,000. How much were Lyons Company's common fixed expenses?

Actual cost per unit for indirect materials : The company's flexible budget performance report for last month showed an $8,140 unfavorable spending variance for supplies. During that month, 21,250 units were produced. Budgeted activity for the month had been 20,900 units. What is the actual c..

Write one page reflection paper about given article : Write one page reflection paper about given Article. Article- The Social Ascription of Obligations to Engineers

Clarify deliberately the progressions in his investigation : React to the topic by summarizing a significant chapter and/or readings and an application of that chapter material to the subject. David Ricardo was worried that the corn laws (high taxes on imported grain) would seriously hamper the advancement of ..

User Account

All Pages