1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MAXImum [283]
3 years ago
6

Magenta Company purchased a machine from Pink Corporation on October 31, 2018. In payment for the $288,000 purchase, Magenta iss

ued a one-year installment note to be paid in equal monthly payments of $25,588 at the end of each month. The payments include interest at the rate of 12%. The amount of interest expense that Magenta will report in its income statement for the year ended December 31, 2018, is:
(A) $5,760.
(B) $5,533.
(C) $2,559.
(D) $2,880.
Business
1 answer:
garri49 [273]3 years ago
5 0

Answer: Option B

<h3>Explanation: This could be calculated as follows :-</h3><h3>Interest\:expense\:for\:nov\:30\:2018=\:\$288,000\times \frac{12\%}{12}</h3><h3>                                                                = $2880</h3><h3>Principal repayment for the month = $25,588 - $2880</h3><h3>                                                              =  $22,708</h3><h3>similarly:-</h3><h3>Interest\:expense\:for\:dec\:31\:2018=\:(\$288000-\$22,708)\times \frac{12\%}{12} =\:$2653</h3>

therefore,

total interest expense = 2880 +2653 =$5,533

You might be interested in
American airlines found that for some jobs it was unwise to train workers on equipment used at the work site. therefore, a speci
chubhunter [2.5K]
The correct answer is simulation training. 

Simulation taining is being defined as having to exercise or train the skills of individuals with the use of basic equipment or rather a computer software by means of modelling a real world scenario that the individual is training.

7 0
3 years ago
A firm or individual providing financial capital to small businesses in exchange for an ownership stake in the company is called
liq [111]

A firm or individual providing financial capital to small businesses in exchange for an ownership stake in the company is called a venture capitalist.

<h3>Who is a venture capitalist?</h3>

A venture capitalist is usually a high net worth individual or group of people who specialise in investing in small businesses.  They usually provide financial capital to small businesses in exchange for a percentage in ownership in the company.

Due to the fact the investing in small businesses is risky, the returns demanded by venture capitalist is usually high.

To learn more about venture capital, please check: brainly.com/question/16447594

#SPJ1

3 0
2 years ago
Which of the following positions is primarily responsible for raising capital and investing funds?A) The treasurerB) The COOC) T
Ede4ka [16]

Answer: <em>Option (A) is correct.</em>

Explanation:

A treasurer is known as a an individual who is responsible for working the treasury of a/an firm/organization. The compelling main functions of an organizations treasurer usually include liquidity and cash management, corporate finance and risk management. They are also primarily responsible for increasing capital via issuing bonds, stocks and investing funds. They tend to report back to CFO.

6 0
3 years ago
Suppose you have $10,000 in cash and you decide to borrow another $10,000 at a(n)6% interest rate to invest in the stock market.
elena-14-01-66 [18.8K]

Answer:

D)-26%

Explanation:

The computation of the realized return on your investment is shown below:

= (Rate of return × total investment) - (interest paid)

= (-10% × $20,000) - (6% × $1,000)

= (-$2000 - $600)

= -$2,600

Now  the Rate of return is

=(-$2,600 ÷ $10,000)

= -26%

hence, the realized return on your investment is -26%

Therefore the correct option is D.

3 0
3 years ago
Which is not true of limits? Select one: a. Are the point where you should stop the negotiation b. Are also called resistance po
Rama09 [41]

Answer:

The correct answer is letter "B": They should be ignored in a bidding war.

Explanation:

Negotiations are vital in every aspect. They allow individuals to deal with situations in which parties need from each other but either of them is willing to take the first step to come to an agreement. Negotiations can also be useful out of problematic situations when parties voluntarily want to make a pact but the initial terms are unclear.

Placing limits for negotiations is important as well. Limits will prevent parties from giving to much of themselves or avoiding the other party to take advantage of a given situation. Thus, in front of war, limits must be placed in a negotiation.

7 0
4 years ago
Other questions:
  • United Van Lines purchased a truck with a list price of $250,000 subject to a 6% discount if paid within 30 days. United Van Lin
    11·1 answer
  • Hoping to increase the chances of reaching a performance goal, the director of a research project has assigned three separate re
    11·1 answer
  • How does capitalism differ from socialism when it comes to the ownership of property?
    15·2 answers
  • Shiloh canvasses for her favorite politicians. she has discovered that asking someone to do a small favor makes it easier to con
    7·1 answer
  • A certain stock has a beta of 1.45. If the risk-free rate of return is 5 percent and the market risk premium is 8.5 percent, wha
    8·1 answer
  • Alex Guadet of Nashville, Tennessee, has been renting a two-bedroom house for several years. He pays $900 per month in rent for
    6·1 answer
  • At year-end (December 31), Chan Company estimates its bad debts as 0.70% of its annual credit sales of $672,000. Chan records it
    12·1 answer
  • Which of the following statements about productivity shifts and wages is true?
    8·1 answer
  • PLEASE ANSWER!!!!!!
    7·1 answer
  • Rearrange the following contributors to the growth of productivity in descending order of their quantitative importance:______.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!