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3 years ago

In the context of a small business, the market is

1 answer:

5 0

Entrepreneurs often ignore the need for market research, but knowing that your product is commercially viable is the difference between a successful business and a hobby HOPE THIS HELPS :)

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Joseph buys a Hummer for $59,000, financing it with a five-year 7.60% APR loan paid monthly. He decides to pay an extra $50 per

Alex Ar [27]

Answer:

57.07 months.

Joseph must decide whether the 57th payment was $1,327, or he can pay a 58th payment of just $92.

Explanation:

The easiest way to calculate a monthly payment is using a payment calculator:

principal = 59,000
n = 60
APR = 7.6%

Monthly payments = $1,185.04

Since Joseph will pay an extra $50 each month, his payment = $1,235.04

By paying that extra amount Joseph will reduce his payments by almost 3 months to 57.07 months

After the 57th payment, Joseph' balance = $91.43, so he can decide to pay a little on the 57th payment or just pay $92 next month.

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3 years ago

Estimated expenses of liquidation were $10,000. Henry, Isaac, and Jacobs shared profits and losses in a ratio of 2:4:4. Before l

stealth61 [152]

<u>Solution and Explanation:</u>

The total amount of cash available for safe payments would be $25,000 (90,000 - 60,000 - 5,000). This amount will be distributed between Henry and Jacobs in the ratio of 6:4 meaning that $15,000 (25,000*60%) will be given to Henry and $10,000 (25,000*40%) will be given to Jacobs.

The value of $120,000 will be distributed to the partners as follows:

Henry Issac Jacobs

Equity 80,000 110,000 140,000

Less Loss on Assets 36,000 72,000 72,000

Liquidation Expenses 1,000 2,000 2,000

Balances 43,000 36,000 66,000

Less Distribution

of Safe Payments to Partners 15,000 0 10,000

Net Balances $28,000 $36,000 $56,000

4 0

3 years ago

Eastline Corporation had 11,000 shares of $10 par value common stock outstanding when the board of directors declared a stock di

andrey2020 [161]

Answer:

e. Debit Retained earning $49,280 Credit Common stock dividend distributable $35,200

Credit Paid in capital in excess of par value(Common stock) $14,080

Explanation:

The journal entry is as follows:

Retained earnings (3,520 shares × $14)

Dr $49,280

_______ Common stock dividend distributable (3,520 shares × $10)

Cr $35,200

_______ Paid in capital in excess of par value ($49,280 - $35,200)

Cr $14,080

3 0

3 years ago

1. Fiscal policy refers to A. the behavior of the nation's central bank, the Federal Reserve, regarding the nation's money suppl

Vladimir [108]

Answer: D. The spending and taxing policies used by the government to influence the economy

Explanation:

Fiscal policy is simply the application of government spending/expenditures and revenue/taxing policies to influence the economy of a nation.

8 0

3 years ago

A company constructs a building for its own use. Construction began on January 1 and ended on December 30. The expenditures for

Alenkasestr [34]

Answer:

total capitalized interests = $118,300

Explanation:

Weighted average expenditures:

January 1 = $660,000 x 12/12 = $660,000

March 31 = $760,000 x 9/12 = $570,000

June 30 = $560,000 x 6/12 = $280,000

October 30 = $1,080,000 x 2/12 = $180,000

total weighted expenditures = $1,690,000

weighted interest rate:

$2,000,000 x 9% = $180,000

$4,000,000 x 6% = $240,000

total = $420,000 / $6,000,000 = 7%

capitalized interest:

$1,020,000 x 7% = $71,400

($1,690,000 - $1,020,000) x 8.8% = $46,900

total capitalized interests = $118,300

8 0

2 years ago