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pantera1 [17]
1 year ago
14

A company borrowed cash from the bank and signed a 6-year note at 7% annual interest. The present value for an annuity (series o

f payments) at 7% for 6 years is 4.7665. The present value of 1 (single sum) at 7% for 6 years is 0.6663. Each annual payment equals $8,400. The present value of the note is:
Business
1 answer:
nikklg [1K]1 year ago
5 0

Answer:

Explanation:

Present value of note = Annual payment x present value annuity factor

Annual payment = 8,400

PVAF = 4,7665

= $ 8,400 x 4.7665

= $ 40,038.60

So, the present value of note is $ 40,038.60

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The table below shows a summary of Kaitlin's credit card statement for the month of February.
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A) 32 percent interest B) Yes it will be paid

Explanation:

23 times 42 divided by 7

6 0
2 years ago
In his job, Damon often identifies causes of problems with telecommunication equipment. Which is most likely his employer?
Nonamiya [84]

Answer:

B) a local cable company

Explanation:

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Damien repairs communication equipment. He probably works for a local cable company.

7 0
1 year ago
The Office Supplies account had a balance at the beginning of year 3 of $4,000 (before the reversing entry). Payments for purcha
snow_lady [41]

Answer:

a. Office Supplies Expense a/c Dr. $750

Explanation:

We are provided that office supplies are recorded as an expense, in that case entry will be:

Office Supplies Expense A/c Dr.

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After this, there is a valuation of closing balance of supplies in hand.

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Therefore correct option is

a. Office Supplies Expense a/c Dr. $750

4 0
1 year ago
United Plastics Group of Houston, Texas, decided to invest in a foreign country by setting up two independent injection-molding
babunello [35]

Answer:

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Explanation:

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4 0
1 year ago
One of the most challenging tasks for any firm, including In Fine Fettle, is determining how much to spend on promotion. Four ba
Montano1993 [528]

Answer:

A) the affordable method,

In Fine Fettle's management reviews what it is trying to achieve with promotion and sets the budget based on anticipated expenses.

B) the percentage-of-sales method,

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C) the competitive-parity method,

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In Fine Fettle's management reviews its revenues and expenses and allocates promotional spending based on what management believes it has to spend

Explanation:

A) is deciding the promotion expense considering how much can afford based on the expenses budget

B) determninate the promotion based on a percentage of expected sales

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D) management will determinate on a monthly/ weekly basis where and how much to promote

8 0
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