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Law Incorporation [45]
1 year ago
15

from 7 pm to midnight only percent of the personal and commercial vehicles on the streets and highways are being driven for econ

omic reasons
Business
1 answer:
MAVERICK [17]1 year ago
6 0

From 7 pm to midnight only percent of the personal and commercial vehicles on the streets and highways are being driven for economic reasons 80
Therefore the correct answer is 80

What is Economic Reasons?

The increase in production of goods and services from one period to the next is called economic growth. As a result, the prices of these products and services increase, which increases the profits of the companies. It has a snowball effect, often resulting in higher stock prices and more jobs. Both businesses and consumers can invest more money in new projects. As a result, economic growth is one of the most important, if not the most important, indicators. Economists quantify it in nominal or real terms and take inflation into account. A country's Gross Domestic Product (GDP) or Gross National Product (GNP) is a classic way to quantify overall growth (GDP).

To learn more about Economic Reasons

brainly.com/question/25745683

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Incomplete Question

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A note payable was executed by Sterling Inc. to Miami Finance Company. Sterling Inc. used $768,000 of its accounts receivable as
denpristay [2]

Answer:

See all the entries below.

Explanation:

a. Record the entry for Sterling to record the secured borrowing.

The entries will look as follows:

<u>Account Name                                    Debit ($)           Credit ($)    </u>

Cash (768,000 * 85%)                       652,800

  Note Payable                                                              652,800

<em><u>(To record the secured borrowing.)                                                    </u></em>

b. Record the entries for Sterling to record (1) the collections and (2) the payment to Miami for the first month.

The entries will look as follows:

<u>Account Name                                    Debit ($)           Credit ($)      </u>

Cash                                                   504,320

Refund Liability                                    20,480

  Accounts Receivable                                                 524,800

<u><em>(To record collection on receivables for first month.)                         </em></u>

Interest Expense                                     4,480

Note Payable                                      499,840

  Cash                                                                             504,320

<u><em>(To record payment to Miami for the first month.)                               </em></u>

c. Record the entries for Sterling to record (1) the collections for the second month and (2) the final payment to Miami.

The entries will look as follows:

<u>Account Name                                    Debit ($)            Credit ($)     </u>

Cash                                                    238,080

Allowance for Doubtful Debt                  5,120

  Accounts Receivable (w.1)                                          243,200

<u><em>(To record collection on receivables for second month Interest.)     </em></u>

Expense                                                   1,920

Note Payable                                       151,040

  Cash (w.2)                                                                      152,960

<u><em>(To record final payment to Miami.)                                                      </em></u>

Workings:

w.1: Accounts Receivable = Amount of accounts receivable as collateral – Cash received from customer = $768,000 - $524,800 = $243,200

w.2: Cash = Loan - First payment for principal = $652,800 - $499,840 = $152,960

3 0
3 years ago
. One of the goals you have set for your company is "to expand our product line." This statement is A. a slow-growth option. B.
mr Goodwill [35]
The statement in above describes the choice letter B, which can be considered as the correct answer. It is considered to be not clear and not measurable because the statement does not provide the exact or clear information. It does not state in which or what way will the expanding of the product line be.
3 0
3 years ago
Read 2 more answers
A. Construct an amortization schedule for the $300,000 loan with a 2.2% interest rate compounded monthly. The loan will be paid
Gala2k [10]

Answer:

since there is not enough room here, I prepared two amortization schedules on an excel spreadsheet and I attached them

Explanation:

in order to determine the monthly payment, we can use the formula to calculate present value of an annuity:

PV = annuity payment x annuity factor

annuity payment = PV / annuity factor

  • PV = $300,000
  • annuity factor for 2.2% / 12 = 0.18333% and 180 periods = 153.1964438

I used an annuity calculator to determine the annuity factor

annuity payment = $300,000 / 153.1964438 = $1,958.27

we use the same formulas for the second question:

PV = annuity payment x annuity factor

annuity payment = PV / annuity factor

  • PV = $300,000
  • annuity factor for 2.7% / 12 = 0.225% and 360 periods = 246.54977

I used an annuity calculator to determine the annuity factor

annuity payment = $300,000 / 246.54977 = $1,216.79

Download pdf
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<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> pdf </span>
7 0
4 years ago
Please explain the difference between the assistant to the regional manager and the regional manager.
DochEvi [55]

Assisant regional manager is like the next step down from regional manager,An assistant regional manager is what Dwight shrute wants to be.An assistant to the regional manger is what Dwight Shrute really is.Does that make sense?

6 0
3 years ago
An agency problem can occur when A. it is difficult or expensive for the owners to verify what the agent is actually doing. B. t
GaryK [48]

Answer:

The answer is E.

Explanation:

In a public company, the directors are the agents of the company while the shareholders are the principals(owners) of the company. Because most times, shareholders doesn't have the needed skills and experience to run businesses, they employ director/management (agent) to run their businesses. Most times there is conflict of interest, for example, the managers might prefer a risky business while the shareholders might prefer less risky, this type of scenario creates agency problem.

Agency problem (principal-agent problem) is a conflict of interest that happens when the directors (agent) don't fully represent the best interest of the shareholders (principal)

So all the options in the question represents agency problem.

4 0
3 years ago
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