Answer:20,5369%
Explanation:We know APR is the Annual Percentage Rate that is paid over a loan. If we are to pay during 78 months at most $510 each month, then we could pay in total 510*78=$39780 in the course of the six years and a half that constitute the 78 months. This means that yearly we can pay in interest $39780/6,5=$6120 each year, this represents the interest over the loaned money, i.e., the $29800. Then the APR is
annualy or 1,71141% monthly and it is the highest APR you could afford, 20.5369%
Answer:
1) shares held by the issuer that is shares of Firm A held by Firm A
2) the amount of shares issued by the firm
3) the amount of shares which are circulating in the market (issued less treasury stock)
4) is the amount the governement angency in charge of regulations approved the firm to issue It cannot surpass this ammount without their permission being granted
5) shares at which a down payment has been made but, not paid in full by the potential stockholders
Explanation:
DISCLAMER:
As the options aren't given I define each concept
<span>The answer is 516,250 by first calculating expenses (6,500,000-40,000-expenses=590,000), net income = revenue-expenses.</span>
Answer:
Cash A/C Debit $300
To James company $300
(Amount collected from James Company for credit sale)
Explanation:
Cash A/C Debit $300
To James company $300
(Amount collected from James Company for credit sale)
Note: The terms here provided that, 2/10, n/30.
Which means that 2% discount if payment made within 10 days, and total 30 days credit allowed.
Here the sales were made on 14 June, and payment received on 27 June that is it took more than 10 days as 10 days complete on 24 June.
Therefore, no discount will be offered.
