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victus00 [196]
3 years ago
10

On December 1, 2016, Fine Dining Products borrowed $84,000 on a 12%, five-year note with annual installment payments of $16,800

plus interest due on December 1 of each succeeding year. On December 1, the principal amount was recorded as a long-term note payable. What amount of the note payable will be shown as current portion of long-term notes payable on the balance sheet as of December 31, 2016? (Round your answer to nearest whole number.)
Business
1 answer:
kenny6666 [7]3 years ago
3 0

Answer:

$16,800

Explanation:

The amount of the note payable as the current position of long term notes payable on the  balance sheet as of December 31, 2016 can be calculated by just dividing the principal amount by the number of periods it has been borrowed for

Calculation: 84000/5 = $16,800

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Which of the elements of this scenario represent a flow from a firm to a household? This could be a flow of dollars, inputs, or
satela [25.4K]

Answer:

1. The mojito Hilary receives

2. The $200 per week that Edison receives working for Little Havana

Explanation:

We are to pick the options that represents a flow from a firm to household.

There is a flow of labor from the household to the firm which results In a flow of goods or wages from the firm to the household.

1. The mojito that Hilary receives gives a flow of goods that is moving from the firm to the household.

2. The $200 per week that Edison is getting for working for Little Havana is a flow of money from the firm to edison for the services he renders at the firm. This here is a flow of money from the firm to the household

7 0
3 years ago
In 2017, Blake purchased a new home. In addition to the purchase price of $200,000, he paid $700 in legal fees and $2,000 in rec
slavikrds [6]

Answer:

$207,700

Explanation:

Blake's basis in his home in 2017 = purchase price + legal and administrative fees = $200,000 + ($700 + $2,000) = $202,700

Since the deck that Blake added to his home is considered an improvement that is permanent and increases the home's value, it will also increase the home's basis = $202,700 + $5,000 = $207,700

5 0
3 years ago
Demand and cost information for a monopoly
sattari [20]

Question:

Please see the Demand and Cost information reproduced in the attached table

Answer:

The correct choice is A)

Profit if maximized where price is equal to $20.

At this price, MR = MC.

Please see the attached PDF.

Explanation:

The profit-maximizing choice for the monopoly will be to produce at the quantity where marginal revenue is equal to marginal cost:

That is, the point where MR = MC.

If the monopoly produces a lower quantity, then MR > MC at those levels of output, and the firm can make higher profits by expanding output.

Cheers!  

8 0
3 years ago
Given the following owner’s income and expense estimates for an apartment property, formulate a reconstructed operat-ing stateme
scoundrel [369]

Answer:

$363,000

Explanation:

Calculation for the property’s indicate market value.

First step

Operating Statement

PGI: $66,000

(10 units x $550 x 12 month )

Less: Vacancy Loss(3,300)

(5%*66,000)

EGI:62,700

Less: Operating Expenses

Power$2,200

Heat1,700

Janitor4,600

Water3,700

Maintenance4,800

Management3,000

Reserve for CAPX2,800

Total Operating Expenses$22,800

Net Operating Income$39,900

(62,700-22,800)

Second step is to find the property’s indicate market value.

Using this formula

Market Value=NOI/ Ro

Let plug in the formula

Market Value=$39,900/11.0%

Market Value=$363,000

Therefore the property’s indicate market value is

$363,000

6 0
3 years ago
A ten-year note is priced at par and has a (modified) duration of 7.8 years. A twenty-five year bond has a (modified) duration o
harina [27]

Answer:

Between 7.8 and 12 Years

Explanation:

The modified duration of a portfolio is defined as a weighted average in the modified duration of an individual bonds. Therefore it will lie between the extreme values of the modified duration of the bonds in portfolio so that the weights are all positive.

In the context, the modified duration lies between 7.8 years and 12 years as the modified duration would always lie between the lowest modified duration and the highest modified duration of any bonds in a portfolio. Therefore the weights are value that will lie between these two years.

6 0
3 years ago
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