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
Elza [17]
3 years ago
13

31) Owen expects to receive $30,000 at the end of next year from a trust fund. If a bank loans money at an interest rate of 8.2%

, how much money can he borrow from the bank on the basis of this information? A) $2460 B) $13,863 C) $27,726 D) $32,460
Business
1 answer:
snow_lady [41]3 years ago
4 0

Answer:

c. $27,726

Explanation:

The money he can borrow using this information is

=30,000 /( 1+8.2%)

=30,000 / (1+0.082)

=30,000 / 1.082

=27726.432

=$27,726

You might be interested in
For what reason do you think fitzgerald interrupted gatsby’s story for the visit from the horseback riders? why doesn’t gatsby u
WARRIOR [948]
Fitzgerald wanted his novel to be mysterious. He need not give out all the information because he wanted the readers to be suspenseful regarding the story. Gatsby doesn't understand how he isn't welcome because he's too naive for thinking he is important.
5 0
3 years ago
Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisio
abruzzese [7]

Answer:

Please check the info below

Explanation:

1. For Osaka

Margin =  Net Operating Income / Sales *100

= $ 792000 / $9900000 *100

= 8.00%

Turnover = Sales / Average Operating Assets * 100

= $ 9900000 / $ 2475000 * 100

= 4.00%

ROI =  Margin * Turnover

= 8% *4 %

= 32.00%

Hence the correct answer is 32.00%

For Yokohama :

Margin =  Net Operating Income / Sales *100

= $ 2900000 / $ 29000000*100

= 10.00%

Turnover = Sales / Average Operating Assets * 100

= $ 29000000 / $ 14500000* 100

= 2.00%

ROI =  Margin * Turnover

= 10% *2 %

= 20.00%

Hence the correct answer is 20.00%

2. The correct answer is  

Osaka = $ 371,250

Yokohama = $ 435,000

3. The correct answer is No

This is because since Osaka has a higher ROI, Yokohama’s greater amount of residual income is not an indication that it is better managed

4 0
3 years ago
The accountant for Main Street Jewelry Repair Services, Inc. forgot to make an adjusting entry for Depreciation Expense for the
charle [14.2K]

Answer:

C) Total assets are overstated.

Explanation:

The journal Entry for the Depreciation is as follows:

Dr. Depreciation Expense          xxx

Cr. Accumulated Depreciation   xxx

By missing this Journal entry the Accumulated depreciation account will be understated as we know that this is a contra asset account and this will net off the Long term assets. So, as a result the total asset will be overstated.

8 0
3 years ago
On July 1, Goblette Company sold some machinery to another company. The two companies entered into an installment sales contract
malfutka [58]

Answer:

The value of all future payments discounted by the interest rate

Explanation:

Since the purchase of the asset is by installments to be paid in the future. The present value to be recognized is the sum of the future payments discounted at the predetermined interest rate.

The first payment due now will not have to be discounted but future payments will have to be discounted to ascertain the present value of the asset to be recognized in the balance sheet.

7 0
3 years ago
Read 2 more answers
Bonds that hold two adjacent nucleotides together are called __________________ bonds.
Murrr4er [49]

Bonds that hold two adjacent nucleotides together are called "phosphodiester bond."

<h3>What is phosphodiester bond?</h3>

The phosphodiester bonds are created as a result of a condensation reaction between two sugar groups' phosphate and hydroxyl groups.

Some key features regarding the phosphodiester bond are-

  • The hydroxyl group is a like-group formed by bonding of one oxygen atom and a hydrogen atom.
  • The carbon that the hydroxyl group would be attached is represented by the "-."
  • Furthermore, phosphate groups are molecules that contain an atom of phosphorus covalently bonded to four oxygen atoms.
  • The phosphodiester bond is also known as the phosphoester bond.
  • A phosphodiester bond is a chemical bond formed when two hydroxyl groups throughout phosphoric acid react with hydroxyl groups on other molecules, resulting in the formation of ester bonds.
  • It can be found in the backbones of DNA and RNA.

To know more about the phosphodiester bond, here

brainly.com/question/23660733

#SPJ4

7 0
1 year ago
Other questions:
  • Which of the following phrases describes money?
    8·2 answers
  • After the company has defined its channel​ objectives, it should next identify its major channel alternatives in terms of the ty
    8·1 answer
  • Which statement is correct? In the short run, the pure monopolist will maximize total profits by producing at that level of outp
    8·1 answer
  • In order to sell more goods​ and/or services, what must a monopoly​ do?
    9·1 answer
  • As a real estate speculator, you are planning and able to buy a house that costs $200,000, borrowing the full amount with no mon
    7·1 answer
  • A store manager for Kroger noticed that several of his regular customers have stopped coming to his store. He also noticed that
    8·2 answers
  • The long-range strategic planning committee for the Lizard Clothing Company is composed of managers from engineering, R&amp;D, p
    8·1 answer
  • Software Riverside Company issued long-term debt of 410 paid dividends of 20 and issued capital stock of 100. Cash flow from fin
    10·1 answer
  • Kansas Enterprises purchased equipment for $74,500 on January 1, 2021. The equipment is expected to have a ten-year service life
    9·1 answer
  • You're the production manager for a company that manufactures clothing, and you oversee activities in a wide range of department
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!