Demand curves slope___ because as prices increase and other things remain

On July 1, Shady Creek Resort borrowed $250,000 cash by signing a 10-year, 8% installment note requiring equal payments each Jun

Vinvika [58]

Answer:

Interest expense = $20,000

Explanation:

Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest.

The annual installment is computed as follows:

Annual installment= Loan amount/annuity factor

Annual installment is already given as = 37,258 (already given)

Interest payment = interest rate × Loan balance at the beginning of the year

DATA

Interest rate = 8%

Loan balance at the beginning of the year = $250,000

Interest expense = 8%× 250,000 = $20000

Principal paid = Annual installment - Interest = 37,258-20,000 = 17,258 (this is not required but to explain the concept)

Interest expense = $20,000

3 0

3 years ago

Marks Corporation's balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cas

Vinvika [58]

Answer:

statement of cash flows using the indirect method.

Cash Flow from Operating Activities

Net income for the year was $77

Adjustment of Non-Cash Items :

Depreciation $40

Adjustment for Working Capital items:

Decrease in Accounts receivable $4

Increase in Inventory ($3)

Increase in Accounts Payable $2

Net Cash From Operating Activities $120

Cash Flow from Investing Activities

Purchases of Property, plant, and equipment ($108)

Net Cash used in Investing Activities ($108)

Cash Flow from Financing Activities

Proceeds from Common Stock Issue $1

Dividends Paid ($13)

Net Cash used in Financing Activities ($12)

Net Cash Inflow/(Outflow) during the period $10

Cash and Cash Equivalents at Beginning of the Period $37

Cash and Cash Equivalents at End of the Period $47

Explanation:

Show the Movement of Cash in the 3 categories of

Cash flow from Operating Activities
Cash flow from Investing Activities
Cash flow from Financing Activities

3 0

3 years ago

A factory machine was purchased for $393000 on January 1, 2018. It was estimated that it would have a $74000 salvage value at th

sweet [91]

Answer:

Annual depreciation= $41,470

Explanation:

Giving the following information:

Purchasing price= $393,000

Salvage value= $74,000

The machine would be run 30000 hours in the 5 years. The company ran the machine for 3900 actual hours in 2018.

To calculate the depreciation expense using the units of activity method, we need to use the following formula on each year:

Annual depreciation= [(original cost - salvage value)/useful life of production in hours]*hours operated

Annual depreciation= [(393,000 - 74,000)/30,000]*3,900

Annual depreciation= $41,470

5 0

4 years ago

Jeeves consulting requires a performance evaluation method that is less time consuming to develop and administer and allows for

soldi70 [24.7K]

Jeeves consulting needs a performance evaluation method in quantitative analysis and comparison. Because of this, they need a technique evaluation that will be of help of assessing and evaluating a performance. What they should use is the graphic rating scales as it fits the method they need to use as it is a performance appraisal method in a way of having to show quantitative analysis and comparison. It enables to show effective performance and to show rates and differences of what is being compared. It is easier to use for it is less time consuming in the process of administering and developing.

4 0

3 years ago

Invoro is a market leader in consumer electronics. If Finolo and Ethver, companies that manufacture televisions, develop the sam

Yanka [14]

Answer:

Invoro will have a resource that is valuable but no longer rare.

Explanation:

Invoro's competitive edge has been duplicated by Finolo and Ethics through their customer knowledge base and products that appeal to customers.

The resource that Invoro has is still valuable and can give the company a good market share, but it is no more rare.

5 0

4 years ago