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3 years ago

If the note bears interest at 12%, how many months has it been outstanding?

Business

1 answer:

icang [17]3 years ago

6 0

Answer:

The answer is The enthusiasm of 12% every year levels with a month to month rate of 1%; month to month intrigue is $91 ($9100X 1%). Since aggregate intrigue cost is $91, the note has been exceptional multi month

Explanation:

Ascertaining interest month-by-month is a fundamental expertise. You'll frequently observe financing costs cited as a yearly rate, yet some of the time it's more useful to know precisely how much that means in dollars and pennies. We usually think as far as month to month costs. For instance, you have month to month service charges, sustenance costs, or an auto installment. Intrigue is likewise a month to month (if not day by day) occasion, and those repeating interest counts signify huge numbers through the span of a year. Regardless of whether you're paying enthusiasm on an advance or gaining enthusiasm for a bank account, the way toward changing over from a yearly rate to a month to month loan cost is the equivalent.

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Sandra williams is single. she itemized deductions in 2014. she plans to itemize for 2015. in order for her plan to itemize dedu

Bess [88]

The answer is $6200.00

Based on https://taxfoundation.org/2014-tax-brackets/

The standard deduction single based on the source is $6200. Tax exemptions for singles are up to $52,800. The threshold on this tax is an annual salary of $254,200. Higher salaries would have higher tax deductions. Once a single tax holder enters $376,700 the person would no longer be included for higher exemption because of the gross compensation increase.

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3 years ago

On January 1, 2024, Tyson Manufacturing Company purchased a machine for $41,100,000. Tyson's management expects to use the mac

denis23 [38]

Answer:

Annual depreciation= $5,865,714.29

Explanation:

Giving the following information:

Purchase price= $41,100,000

Salvage value= $40,000

Useful life in hours= 28,000

To calculate the depreciation expense for 2024, we need to use the following formula:

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

Annual depreciation= [(41,100,000 - 40,000) / 28,000]*4,000

Annual depreciation= $5,865,714.29

7 0

3 years ago

The outstanding capital stock of Novak Corporation consists of 1,800 shares of $100 par value, 7% preferred, and 5,100 shares of

Alborosie

Solution :

Preferred Common

Non cumulative and non Participative 12,600 67,400

Cumulative and non participative 37800 42200

Cumulative and participative 47876 32124

Current Stock Out Standing

Common stock at the rate 50 5100 shares 255000

Preferred stock 7% at the rate 100 1800 shares 180000

Cumulative the annual dividend on the preferred stock

Preferred stock dividend (180000 x 7%) 12600

Dividend Arrears to preferred stock (12600 x 2) 25200

Non cumulative and non participative

Preferred Common Total

Current year 12600 12600

Arrears 0 0

Common stock 67400 67400

Total dividend 12600 67400 80000

Cumulative and non participative

Preferred Common Total

Current year 12600 12600

Arrears 25200 25200

Common stock 42200 42200

Total dividend 37800 42200 80000

Cumulative and participative

Preferred Common Total

Current year 12600 12600

Arrears 25200 25200

Common stock (255000 x 7%) 17850 17850

Balance dividend pro data 10076 14274 24350

Total dividend 47876 32124 80000

Working notes :

Amount for the participation = 80000-(12600+25200+17850) = 24350

Rate of participation = $\frac{24350}{(255000+180000)}$ = 5.5977%

Participating dividend:

Preferred stock = 18000 x 5.5977% = 10076

Common stock = 255000 x 5.5977% = 14274

Total participating dividend = 24350

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3 years ago

What is the distinction between cross-sectional data and time-series data?

AleksAgata [21]

Answer:

B. Cross-sectional data provides information about economic behavior at an instant in time, while time-series data provides information about how an economic variable behaves over time.

Explanation:

There are two types of data, transverse data and time series data. Cross-sectional data is data that exists at a single point in time. For example, data from an observational survey or sales from a firm. Time series data are data that require intertemporal analysis, such as a country's inflation and GDP data, which should be analyzed for evolution. In other words, time series data are analyzed in a manner dependent on the previous period. Current month's inflation depends on the previous month's inflation analysis.

4 0

3 years ago

Is it wise for a firm to employ a worker at $20 per hour when another worker does the same job for $10 per hour? It would be a r

grandymaker [24]

The right answer for the question that is being asked and shown above is that: "The government will pay firms to give some workers extra pay to increase the total economy." Is it wise for a firm to employ a worker at $20 per hour when another worker does the same job for $10 per hour?

6 0

3 years ago