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dangina [55]
3 years ago
14

Industrial tools owes you $38,600. this amount is seriously delinquent so you have offered to accept weekly payments for one yea

r at an interest rate of 3 percent to settle this debt in full. what is the amount of each payment?
Business
1 answer:
lesantik [10]3 years ago
3 0
The problem could be solved by using the future value (FV) formula: FV = PV × (1 + r)ⁿ, where;
PV = Present value
r = interest rate
n period

So, substituting the formula with the value:

FV = $38,600 × (1 + (.03÷52))⁵²
     ≈ $39,775.20

Note that the interest is divided by 52 since it has to be compounded weekly.

So, the weekly payment will amount to $764.91 ($39,775.20÷52).
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3 years ago
Cash flows from activities include both inflows and outflows of cash from the external funding of a business. True or false?.
user100 [1]

True.

Cash flows from activities include both inflows and outflows of cash from the external funding of a business.

<h3>Cash Flow from Financing Activities: What is it? </h3>
  • The net amount of financing a business generates during a specific time period is called cash flow from financing activities.
  • The issuing and repayment of equities, the payment of dividends, the issuance and repayment of debt, and capital lease obligations are all examples of financial activity.

<h3>What Are the Different Types of Cash Flows? </h3>
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<h3>What three different forms of cash flows are there?</h3>

To assess the liquidity and solvency of the company, organizations should monitor and analyze three different types of cash flow:

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1 year ago
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3 years ago
These expenditures were incurred by Oriole Company in purchasing land: cash price $60,700, assumed accrued taxes $5,260, attorne
yulyashka [42]

Answer:

$76,050

Explanation:

Given that,

cash price = $60,700

assumed accrued taxes = $5,260

attorney’s fees = $2,170

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clearing and grading = $4,610

Cost of the land:

= cash price + assumed accrued taxes + attorney’s fees + real estate broker’s commission + clearing and grading

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