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Strike441 [17]
3 years ago
13

Peachtree Company borrows $30,000 from the local bank at 7% interest. The term of the note is five years, and the annual payment

s remain constant at $7,317. Determine the decrease in notes payable that Peachtree Company should record in the first year.
a. $1,735.
b. $5,217.
c. $2,100.
d. $7,317.
Business
2 answers:
grandymaker [24]3 years ago
4 0

Answer:

B

Explanation:

Here, in this question, we are asked to determine the decrease in notes payable that peachtree should record in the first year.

To determine this, we proceed as follows;

Interest payment for the first year = 30000*7% i.e 2100

Principal amount paid = Total amount paid - Interest amount

= 7317 -2100 i.e 5217

Notes payable should be reduced by 5217

Leviafan [203]3 years ago
3 0

Answer:

b. $5,217.

Explanation:

Note annual payment includes the interest payment for the period and the residual of total payment made and interest is the the payment towards the principal value of the lease.

Total Loan value = $30,000

Annual Loan payment = $7,317

Interest for the period = $30,000 x 7% = $2,100

Principal Payment = $7,317 - $2,100 = $5,217

The Liability is decrease by $5,217

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<h3>What is uncertainty?</h3>

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2 years ago
When a company makes marketing decisions by considering consumers' wants and interests, the company's requirements, and society'
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Answer:

Option B: Societal

Explanation:

Societal Marketing was coined from the marketing concept. Marketers and consumers are collecting stocks of what is good for themselves, their family, their country, and the planet.

It involves means by which marketing looks for ways amd means to provide products and services to help consumers reach their goals and Target while also making profitable decisions for their companies.

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3 0
2 years ago
Suppose Keyboard estimates it will use 125 comma 000 comma 000 parts per month and ship products with a total volume of 27 comma
djverab [1.8K]

Answer:

a)

Kitting: $0.072 per part and Boxing: $0.764 per cubic feet

b)

Kitting: $12.6 and Boxing: $6.9

Explanation:

Given that Keyboard spends $9,000,000 per month on kitting and $21,000,000 per month on boxing.

Keyboard estimates it will use 125,000,000 parts per month and ship products with a total volume of 27,500,000 cubic feet per month.

a) Since Kitting costs based on the number of parts used in the computer:

The predetermined overhead allocation​ rate for kitting = Money spent on kitting / number of parts used per month = $9000000 / 125000000 = $0.072 per part

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8 0
3 years ago
The following transactions occur for the Wolfpack Shoe Company during the month of June:
inessss [21]

Answer:

Please see the attached snapshots for the answers.

Explanation:

a.

Debit: Cash $30,000

Credit: Service Revenue $30,000

To record Service Revenue.

b.

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4 0
3 years ago
Stronx Consulting tests its salespeople on listening skills and then implements a training program to teach all of them to be be
nadya68 [22]

Answer:

The actual impact of the training can only be evaluated by comparing the performance of employees who underwent training and those who did not.

Explanation:

The reason is that when you conduct a post-lecture listening test then you are actually testing how much the person has absorbed the lecture which will not be reflected in the work that he will be assigned in near future. The main purpose of the training session is to make the workforce able to actually reflect the training lecture in the future work. This means if I want to increase the efficiency of the workforce then I will prefer to see whether or not the workforce which was trained have increased its work efficiency than the person who were not trained.

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