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kari74 [83]
2 years ago
12

On May 17, Jane took out a loan for $33,000 at 6% to open her law practice office. The loan will mature the following year on Ja

nuary 16. Using the ordinary interest method, what is the maturity value due on January 16?
a.$34,342
b.$34,320
c.$34,323.62
d.$34,254
d.None of these
Business
1 answer:
Ksenya-84 [330]2 years ago
6 0

Answer:

b.$34,320

Explanation:

Ordinary interest ; Use simple interest formula to fins amount

Amount (A) = Simple interest +Principal , and

Simple interest (S.I) = Principal * rate *time    i.e. P*r*t

Principal = $33,000

rate = 6%

time in years = 8/12  <em>note: 8 months, counted from May 17 to Jan 16)</em>

Amount = [33,000*0.06 *\frac{8}{12} ]+ 33,000

A = 1,320 + 33,000

A = 34,320

Therefore, the maturity value would be $34,320

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Oksi-84 [34.3K]

Answer:

The amount of the additional projected liability that should be recognized is $28,000

Explanation:

For computing the amount of the additional projected liability, we have to apply the formula which is shown below:

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We took the higher value between $42,000 and $14,000.

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2 years ago
AV City stocks and sells a particular brand of laptop. It costs the firm $625 each time it places an order with the manufacturer
Sphinxa [80]

Answer:

Please consider the explanation below

Explanation:

a.Optimal order quantity per order = √2CO / I

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=√1875000/130

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b.Minimum total annual inventory costs

Annually orders = 1500 / 120

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carrying cost = 120 units *$130 = $15600

Total annual inventory cost = $23412

c.The number of orders per year

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= 12.5 times

• d.The time between orders (in working days)

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After reading the article, select the statements that are correct. Choose one or more: A. The cost-of-living adjustment for 2020
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Answer:

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  • C. According to advocates for seniors, the 2020 COLA is not enough to compensate for rising healthcare costs.
  • D. Elizabeth Warren has proposed using a new inflation measure that outpaces the current one used.

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The article is, ''<em>Social Security checks to rise modestly amid push to expand benefits '' </em>by<em> Associated Press. </em>

Blahous is a former program trustee who believes that the current inflation adjustment rate at which Social security is increasing is overcompensating seniors because it does not take into account that seniors could be switching to buying cheaper products which is the Substitution effect.  

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Elizabeth Warren and Bernie Sanders both proposed using a new measure for inflation that will adequately compensate the seniors because it outpaces the current one used.

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