Answer:
b. $18,000
Explanation:
The computation of outstanding checks is shown below:-
Outstanding checks as of the end of July = Start with outstanding checks as of June + Amount of checks issued in July - Amount of checks that cleared in July
= $5,400 + $38,900 - $26,300
= $44,300 - $26,300
= $18,000
Note, The $300 check was issued by a customer, not Darlene.
So, for computing the outstanding checks as of the end of July we simply applied the above formula.
Answer:
8448.22
Explanation:
We are asked to calculate the present value of 20,000 in ten years.


<em>Resuming: </em>in this kind of problems we are asked for which lump sum becomes a certain amount in a given period of time at an annual rate
Answer:
Number of meals = 100
Explanation:
The amount that the restaurant plan to spend on ads = $1000
The average selling price of meal = $10
The cost of food is = 30%
At breakeven, the total revenue is equal to total cost.
Total cost of advertsing = total revenue
So, the number of meals = $1000 / 10 = 100
Answer: A speculation
Explanation: A speculation is a form of information in widespread that doesn't have a solid proof. The information about the acquisition of another company by the employees has no solid proof therefore it's a speculation.
Answer:
The monthly payment is $2184.52
Explanation:
Given




Required

Firstly, the loan amount has to be calculated
The Question says; of the total amount spent, only 60% was borrowed;
So;


The monthly payment can then be calculated using the following formula

Where P = Loan Amount = 132,000
r = rate of payment = 5.95% = 0.0595
n = duration (in month)
n = 6 years
n = 6 * 12 months
n = 72 months;
Substitute the above parameters in the formula;
becomes










<em>Hence, the monthly payment is $2184.52</em>