Answer:
$1,247.12
Explanation:
For computing the asked price we need to apply the present value formula i.e to be shown in the attachment below
Given that,
Future value = $1,000
Rate of interest = 4.151% ÷ 2 = 2.076%
NPER = 17 years × 2 = 34 years
The 20 years come from May 2019 to May 2036
PMT = $1,000 × 6.193% ÷ 2 = $30.965
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after applying the above formula, the present value or the ask price is $1,247.12
Answer:
B). 365 days by the accounts receivable turnover.
Explanation:
This is said to be the time it takes for a business to receive money owed by its client in its amount receivable(AR).
The average collection period formula is the number of days in a period divided by the receivables turnover ratio. The numerator of the average collection period formula shown at the top of the page is 365 days. For many situations, an annual review of the average collection period is considered.
Explanation:
[(121 days/184 days × $5,250) + $430 + $3,500] = $7,382 . Nancy chooses to claim a deduction for the (higher) state sales tax rather than the state income tax.
- Yeah, Sam hadn't saved enough money
- During his estimates, Sam made some mistakes, but he had less capital on his record than
- Sam made a few mistakes during his reports because he had less money than he expected on his account
<u>Explanation:
</u>
A financial transaction is an arrangement or a contract to swap goods for compensation between a purchaser and a seller. There is a transition in the financial situation of two or more companies or persons.
A cashless company describes an economy in which financial transactions consist entirely of electronic data (generally an electronic portrayal of money) among transacting parties rather than money in a form of personal banknotes or gold and silver.
The trade between the Organization and another individual is an official contract. A great example of an extrinsic transaction is the purchase of goods from either a third party seller. An overall journal entry records each cash payment in the billing system.
