Answer:
The maximum interest rate the bank needs to offer on the loan if Martin is at least to break even on this investment is A) 6%
Explanation:
Martin is offered an investment where for $4000 today, he will receive $4240 in one year. The interest rate of the investment = ($4,240-$4,000)/$4,000x100% = 6%
The maximum interest rate the bank needs to offer on the loan if Martin is at least to break even on this investment should equal the interest rate of the investment: 6%
Answer:
Explanation:
The journal entries are shown below:
Taxes expense A/c Dr $12,320
To Prepaid Taxes $12,320
(Being prepaid taxes are adjusted)
Taxes expense A/c Dr $45,000
To Property taxes payable $45,000
(Being property taxes are adjusted)
The prepaid taxes are computed below:
= Prepaid taxes × (number of months ÷ total number of months in a year)
= $18,480 × (8 months ÷ 12 months)
= $12,320
The eight months is calculated from May 1 to December 31
Answer: $351,000
Explanation:
Given that,
Cost of inventory = $350,000
Selling price = $675,000
Beginning balance of inventory = $86,000
Beginning balance of accounts payable = $116,000
ending balance of inventory = $94,000
ending balance of accounts payable = $123,000
Cash paid to suppliers:
= Cost of Goods Sold + Change in inventory - Change in accounts payable
= 350,000 + (94,000-86,000) - (123,000-116,000)
= 350,000 + 8,000 - 7,000
= $351,000
Answer: c. $9,937.52
Explanation:
The Accounts receivable balance can be calculated by;
= Outfits per years * Average Price * (Collection period/365)
Collection period;
71% take the discount which means that they pay in 15 days while the rest pay in 40.
= (71% * 15) + (29% * 40)
= 22.25 days
Accounts Receivable balance = 1,140 * 143 * (22.25/365)
= $9,937.52
A cluster of selections approximately what goals to pursue, what movements to take, and a way to use assets to obtain those dreams is a(n)organization's strategy.
A purpose is a goal or goal that someone is making an attempt to attain or acquire. the aim is also the cease factor of a race or something that a player is trying to position an item into as a part of recreation. the intention has different senses as a noun. An intention is a purpose or objective that you work toward with attempt and resolution.
Lifestyles goals are described because the desired states that human beings are seeking to acquire, maintain or avoid (Nair, 2003). while we set goals, we envision, plan for, and decide to accomplish those desired results. sincerely put, they're the stuff you would like to accomplish in your lifestyle. lifestyles goals are the huge things to work for and accomplish inclusive of getting married and having your own family, beginning your very own enterprise, becoming a huge-time govt, or traveling the globe.
Learn more about goals here:brainly.com/question/24693533
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