Answer:
3%
Explanation:
Given the following :
Purchased merchandise = $43,338
Number of payments required = 6
Payment per period = $8,000
PV factor (PVIFA) = (purchased merchandise / payment per period)
PVIFA = (43,338 / 8000) = 5.41725
Using the PVIFA table, we locate the interest rate on PVIFA factor of 5.41725 for a period of 6 years.
For PVIFA of 5.4172, the interest rate is 3%
Hence the implicit Interest t rate = 3%
PVIFA = [1 - (1+r)^-n] ÷ r
Answer:
d. They do not change the quantity of goods bought or sold in the legal market.
Explanation:
A price refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.
Price control can be defined as standard restrictions or regulatory conditions that are typically set and enforced by the government of a country.
This ultimately implies that, price controls are used to impose the minimum and maximum prices set by the government, which are to be charged for various goods and services in the market. This minimum price that can be charged such as minimum wage is known as price floor while the maximum price that can be charged such as rent control is known as price ceiling.
A nonbinding price ceiling can be defined as a price that do not have any effect on the price of goods or services in the market.
Hence, an accurate statement about the consequence of nonbinding price ceiling is that they do not change the quantity of goods bought or sold in the legal market.
A dole proprietor(the answer)(you’re welcome)
Answer:
a. $168,000
Explanation:
The computation of the current asset is shown below:
= Cash + Account receivable + inventory
= $100,000 + $18,000 + $50,000
= $168,000
The current assets show a combination of the cash, account receivable, and the inventory account that is to be converted into cash within one year. The rest of the items displayed the long term assets. Hence, ignored it
Answer:
d. checking
Explanation:
A savings account is a type of bank account that pays interests and it allows you to deposit and withdraw your money when needed.
Money market refers to the market of financial institutions that want to lend or borrow money for a short period of time that doesn't exceed 12 months.
Corporate bond is debt issued by private companies to get funds.
A checking account is a bank account that allows you an easy access to the money you have and it is designed to used it for all your transactions like paying all the expenses.
Acccording to this, an account designed for payment of regular bills is the checking account.