Answer:
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Explanation:
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Answer:
interest portion of fifth payment = $66.89 ≈ $67
Explanation:
effective interest rate = 5% yearly
first payment = $200
second payment = $210
third payment = $220
fourth payment = $230
fifth payment = $240
sixth payment = $250
seventh payment = $260
eighth payment = $270
ninth payment = $280
tenth = $290
using a financial calculator, I determined the present value (principal) of the loan = $1,860.87
then I prepared an amortization schedule:
interest portion of fifth payment = $66.89 ≈ $67
Answer: The amount of dividend paid during the month is $7,000.
Explanation: You need to prepare a simple movement schedule (an extract from the statement of changes in equity) to solve this question as follows:
Arcade Fire Enterprises
Stockholders' equity, begining of the month $35,000
Net income (addition) 9,000
Dividend paid (XXXX)
Stockholders' equity, end of the month 37,000
To get XXXX, you need to make it the subject of the formula:
$35,000 + $9,000 - XXXX = $37,000
$44,000 - XXXX = $37,000
XXXX = $44,000 - $37,000
XXXX = $7,000
Note that <u>dividends are always paid out of stockholders' equity.</u>
Answer: Globalization of production
Explanation: In simple words, production globalization refers to the free flow of factors of production from one economy to others.
The business firms nowadays face a lot of competition due to which they always seek for sources which can provide them low cost or better quality at same prices.
Thus, globalization helps these firms to take benefit of price difference in factors of production in different economies.