What occurs immediately after a boom in the business cycle?

an amount of 16000 is borrowed for 8 years at 3% interest, compounded annually. if the loan is paid in full at the end of that p

bezimeni [28]

He must pay back 20268.32 of amount after borrowing 16000 for 8 years at the interest rate of 3% for one year.

<h3>How to calculate loan amount ?</h3>

The term "Loan Amount" refers to the sum of money we currently owe you for this mortgage. The loan amount may also include other fees, interest , defaulted payments, interest on defaulted payments, principal, and interest on unpaid principal.

The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate. The total interest on a loaned or borrowed sum is determined by the principal amount.

Amount he borrowed = 16000

No. of years = 8 years

Rate of interest = 3%

Calculate full amount (A) :

Equation for A = P(1 + r/n)^(nt)

A = 16000(1 + .03)^8

A = 20268.32

He need to pay 20268.32 after 8 years.

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4 0

1 year ago

Fill in the missing amounts.

aleksandrvk [35]

Solution

Yoste Company Noone Company

Sales revenue($100,000 + $5,000) $90,000 $105,000

Sales returns and allowances ($6,000) ($5,000)

Net sales $84,000 $100,000

Cost of goods sold($100,000 - $40,000) ($58,000) ($60,000)

Gross profit($84,000 - $58,000) $26,000 $40,000

Operating expenses($40,000 - $17,000) ($14,380) ($23,000)

Net income($26,000 - $14,380) $11,620 $17,000

Net Income divide by Net Sales = Profit Margin Ratio
Gross Profit divide by Net Sales = Gross Profit Rate

Yoste Company :

Profit Margin Ratio = $11,620 divide by $84,000 = 13.83%

Gross Profit Rate = $26,000 divide by $84,000 = 30.95%

Noone Company:

Profit Margin Ratio = $17,000 divide by $100,000 = 17%

Gross Profit Rate = $40,000 divide by $100,000 = 40%

6 0

3 years ago

On October 1, 2018, Iona Frisbee Co. issued stock options for 300,000 shares to a division manager. The options have an estimate

Gemiola [76]

Answer:

$300,000

Explanation:

Option expenses to be recognized in the first year ,

= $\frac{N\ *\ FV}{Total\ vesting\ period}$ × period elapsed - Expenses already recognized

wherein N = No of options expected to be vested

FV = Fair value on the grant date

Vesting period = The time period after which the options can be exercised

Thus, after the first year, employee compensation expenses to be recognized

= $\frac{300000 *\ 3}{3\ years}$ × 1 year = $300,000 - 0 = $300,000

Similarly, for the second year, option expenses to be recognized would be,

= $\frac{300000 *\ 3}{3\ years}$ × 2 years - $300,000 = $300,000

Similarly for the third year

= $\frac{300000 *\ 3}{3\ years}$ × 3 years - ($300,000+ 300,000) = $300,000

The journal entry to be passed each year would be

Stock Option Compensation Expense A/C Dr. $300,000

To Stock Options A/C $300000

(Being stock option expenses for the year recognized)

5 0

2 years ago

Read 2 more answers

On Monday morning you sell one June T-bond futures contract at 97:27, that is, for $97,843.75. The contract's face value is $100

sergij07 [2.7K]

Answer:

Please find the detailed answer as follows

Explanation:

The case is pretty simple, and I’ll to be simple in explanation below:

Facts:

--Transfer price per unit should be atleast equal to the relevant cost per unit.

--Relevant cost per unit = Variable cost per unit + Contribution margin lost + Avoidable fixed cost.

--Since it is stated that fixed cost wont be affected and that there is idle capacity available, there wont be any ‘Contribution margin lost’ on outside sale AND ‘avoidable fixed cost.

--If Division A transfers, it would transfer at the relevant cost of $ 19 per unit, which is equal to the variable cost per unit.

--If Division A didn’t transfer, Division B will buy from outside at rate of $ 24 per unit.

Hence, Division B will purchase $ 24 per unit when it could get from Division A at $ 19.

Thereby, Division will be paying $ 5 per unit extra on 16100 units.

Division B and hence, the company as a whole will be WORSE by $ 80,500

[16100 units x $ 5 per unit]

Correct Answer = Option #3: Worse off by $ 80,500 each period.

The same is illustrated as attached image.

Download xlsx

7 0

3 years ago

Haver Company currently produces component RX5 for its sole product. The current cost per unit to manufacture the required 68,00

Genrish500 [490]

Answer:

1.Total cost of making = $1,632,000.

2) Incremental cost of buying $204,000

3.)The company should make the product as it will save $204,000 by doing so

Explanation:

1) Total cost of making = unit cost× units required cost

Total cost of making = 24.00 × 68,000= 1,632,000.0

2) Total incremental cost of buying

Relevant cost of making

Unit variable cost= (5.00 + 9.00+ (30%× 10)=17

Total variable cost of making = 17 ×68,000 = 1,156,000

Relevant cost of buying 68,000× 20 = 1,360,000

Incremental cost of buying 204,000

3) Haver should make the product as it will save $204,000 by doing so

5 0

3 years ago