Answer:
Monthly payment =$32,618.05
Explanation:
<em>To arrive at the monthly installment, we would calculate the total interest due on the loan for nine months, add it to the principal and then divided the sum by 9 months</em>
<em>The monthly installment</em>
= (Principal + total interest for 9 months)/ number of months
<em>Interest for 9 months </em>
= 9%× 9/12 × 275,000
= $18,562.5
<em>Monthly installment</em>
= (275,000 + $18,562.5)/9
=32,618.05 per month
To find the value of the inventory to the nearest cent:
Estimated costs are: $18,750
Storage costs: 12%
Interest costs: 12%
Transportation costs: 5%
Let's add the costs up: 12% + 12% + 5% = 29%
We are solving for the value of inventory so in this case we will make that X.
X = estimated costs/interest amounts
X = $18,750/29%
X = $18,750/0.29
X = $64,655.17
The value of the inventory is $64,655.17
To check your work you can take $64,655.17 and multiply it by 29%
= $18,750
Answer:
Infinity
Explanation:
In the case when the tea and scones are considered to be the perfect complements also you give preference one cup of tea over the one scone
Plus the indifferent curve with tea should be plotted on the vertical axis
So in the case when there is 2 cups of tea with one scone so at this point, the MRS should be at infinity as the indifference curve should be in downward sloping because we presume that there is preferences done at monotonicity
Answer:
c. transactions involving foreign investment in the United States and U.S investment abroad.
Explanation:
The capital account provides the record of foreign investment transactions occurring between a country and another country. It gives an idea of money coming in and out of the state. A surplus in the capital account record is indicative of the inflow of money in the country, while a deficit indicates the loss of money.
Debt accrued by a country, banking, loans and investment are all reflected in the capital account record. So, for a person to determine a nations assets and liabilities, the capital account would provide an accurate insight to that information.
Answer:
Matching items with the appropriate descriptions:
A. Includes both financial and non-financial information for all areas of the business.
ERP
B. Uses accounting information for external reporting.
General Ledger System
C. Is a subset of the non-financial integrated accounting system.
Managerial Accounting
D. Includes the accounting part of the integrated information system.
General Ledger System
E. Uses accounting information for internal reporting.
Managerial Accounting
Explanation:
- General Ledger System. This system is where the financial accounting records of debit and credit are kept and summarized.
- ERP: "Enterprise Resource Planning” is the consolidated system for gathering and organizing business data, both financial and non-financial.
- Managerial Accounting: This is where internal accounting data are gathered and analyzed.