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Radda [10]
3 years ago
15

Given the following information on a 30-year fixed-payment fully amortizing loan, determine the remaining balance that the borro

wer has at the end of seven years: interest rate: 7%; monthly payment:_________
A) $1,200.
B) $180,369
C) $17,143
D) $164,402 $79,509
Business
1 answer:
riadik2000 [5.3K]3 years ago
7 0

Answer: your question is not complete, its lacking the monthly payments. However, i guess your first option (option A) should be monthly payment since you write 2 options at D.

By using $1,200 as the monthly payment, the answer to the question is $164,402 which is your D

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Coffman Electronics produces small, portable printers. The market for the product has stabilized, and Coffman has shifted produc
timurjin [86]

Answer: C. Maturing

Explanation:

The product life cycle has 4 very clearly defined stages, each with its own characteristics that mean different things for business that are trying to manage the life cycle of their particular products. This stages are Introduction, Growth, Maturing and Decline. Although, there are other conventions of this cycle/ Product stages which includes saturation before decline, or development before introduction, but for the sake of COFFMAN'S ELECTRONICS which we are considering, they are at a maturing stage.

3 0
3 years ago
The preemptive right is important to shareholders because it a. protects bondholders, and thus enables the firm to issue debt wi
Rom4ik [11]

Answer:

b. protects the current shareholders against a dilution of their ownership interests.

Explanation:

Shares are ownership interests that are owned by business owners and measures the degree to which an individual has a stake in a company.

Preemtive right occurs when a shareholder has a right to purchase a particular portion of newly issued shares.

For example if an individual has 40,000 shares and additional 250,000 shares are issued, he can have the right to purchase an additional 30,000 of the new shares.

The preemtive right prevents dilution of ownership interests by ensuring old stockholders have a stake in newly issued shares.

7 0
3 years ago
Conifer Craft is a furniture firm that specializes in creating customized furniture for the commercial market. The firm has rece
GREYUIT [131]

Answer:

implement a portfolio strategy

Explanation:

According to information regarding the company Conifer Craft, it is possible to identify that the company is diversifying its portfolio by launching customized products for the industrial market. Therefore, after this market segmentation process, it is recommended that the company develops and implements a portfolio strategy, which aims to reduce the aggregate risks of the diversification of new product lines, improving the decision-making process, identifying the potential for value of each product line according to a strategic vision, so that the company remains competitive and well positioned in the market.

3 0
3 years ago
1. The discount rate is the:________. a. lowest interest rate that banks can charge for loans to their most creditworthy custome
Nutka1998 [239]

Answer(1)

<em>b. interest rate at which banks can borrow reserves from the Federal Reserve</em>

Explanation:

The discount rate is known in America as the rate of interest which a central bank charges on its loans and advances to a commercial bank. This loans and advances are from the federal reserve.

Answer (2)

<em>a. more reserves, causing an increase in lending and the money supply</em>

Explanation:

Excess lending from the national reserve due to a lowered discount rate  will lead to a reserve supply excess into commercial banks throughout the economy and expands the money supply .

3 0
3 years ago
woods company uses the perpetual inventory system. at the year end the general ledger indicated that this company had a balance
GaryK [48]

An action which this company needs to take is debit Inventory and credit Cost of Goods Sold for $1,500.

<h3>What is journal entry?</h3>

A journal entry can be defined as a process which involves keeping the records of the financial transactions of a business such as sales, salaries, inventory, etc, that are made by a business organization.

In Financial accounting, the journal entry is generally used by both bookkeepers and accountants for effective and efficient record purposes. This ultimately implies that, it is very important that a journal comprises the following information;

  • Date
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In this scenario, the proper journal entry to record this financial transaction consists of a debit Inventory and credit to Cost of Goods Sold for $1,500.

Read more on journal entry here: brainly.com/question/22279664

#SPJ1

4 0
2 years ago
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