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Kamila [148]
3 years ago
13

The Lexington Property Development Company has a $10,000 note receivable from a customer ddue in three years. How much is the no

te worth today if the interest rate is 12% compounded monthly?
Business
1 answer:
Norma-Jean [14]3 years ago
4 0

Answer:

$6,989.25

Explanation:

The Lexington Property Development shall  calculate the today's  worth of note receivable, which is due in three years, using the following mentioned formula:

F=P(1+i)^n

F=Value of note receivable after three years=$10,000

P=Value of note receivable today=?

i=interest rate compounded monthly=12%/12=1%

n=Due period of note receivable=3*12=36 months  

 F=P(1+i)^n

$10,000=P(1+1%)^36

P=10,000/(1+1%)^36=$6,989.25

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4 0
3 years ago
Smart Manufacturing budgeted costs for 50,000 linear feet of block are: Fixed manufacturing costs $24,000 per month Variable man
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Answer:

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Explanation:

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3 0
3 years ago
Write a detailed note on process of MBO
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Answer:

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hope this helps

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3 years ago
You talk to Kenji, the Japanese manager of the Swedish plant. He says the workers are uncooperative and do not carry out the ins
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Answer:

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So it is important to take the best choice and investigate this situation further. Before forming an opinion, make sure you have viewed everyone's perspective. Try and figure out why the workers are disobeying Kenji's orders, but also determine why Kenji has such a dominating and unreadable personality.

It is important to note that Sweden is a low - context culture. This means that Swedish people communicate information in explicit and direct ways. Facial expressions, gesture and other forms of non verbal communication aren't heavily used or taken into consideration when communicating, and people often communicate verbally only, to get taken their points across. Japan however is a high context culture and relies on non - verbal cues such as traditions and context to communicate information.

Because of the different cultural contrasts Kenji should consider providing more clearer, more verbal (and less ambiguous) instructions to his employees so that communication is better understood by all the parties involved.

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4 years ago
A. : Anything that serves as a medium of exchange.
adelina 88 [10]
It’s money I’m pretty sure
8 0
3 years ago
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