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Vladimir79 [104]

4 years ago

8

Morgan Co. signs a $50,000 noninterest-bearing 5-year note payable for goods purchased from Xelco Industries. The appropriate ra

te of interest for this type of note is 10%. At the time the note is signed, what is the present value of the note on Morgan's records

1 answer:

riadik2000 [5.3K]4 years ago

5 0

Answer:

$31,046

Explanation:

You take the $50,000 and divide it by 1.10^5 = $31,046

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A concert promoter needs to make $68,400 from the sale of 1880 tickets. The promoter charges $30 for some tickets and $50 for th

Harman [31]

Answer:

1280 of the $30 tickets and 600 of the $50 tickets

Explanation:

If x represents the number of $30 tickets and y represents the number if %50 tickets then:

(a) the sum of the tickets sold is 1880 = x + y

(b) how much money is received from the sale of $30 tickets = 30x

(c) how much money is received from the sale of $50 tickets = 50y

(d) the total amount received from the sale is $68,400 = 30x + 50y = $68,400

(e) Solving the simultaneous equations, if 1880 = x + y, then x = 1880 - y. Substitute this in total amount received equation and solve for y i.e. 30(1880 - y) + 50y = $68,400

56,400 - 30y + 50y = $68,400

20y = 12,000

y = 600 tickets (we have to sell 600 of the $50 tickets)

Step 2. Substitute the y figure to get the x amount i.e. 30x + 50(600) = $68,400

30x + 30,000 = $68,400

30x = $38,400

x = 1280 tickets (we have to sell 1280 of the $30 tickets)

3 0

4 years ago

You currently own a portfolio valued at $52,000 that has a beta of 1.16. you have another $10,000 to invest and would like to in

Zinaida [17]

The beta of the new investment must be 1.098.

We need to use the concept of weighted averages to solve this problem.

We find the ratios of the dollar value of existing to the total new portfolio and additional investments to the total new portfolio and find the weights.

We then find the product of the beta of the existing portfolio and its respective weight calculated in the earlier step, with the given data.

We derive the product of the additional investment and beta by subtracting the answer from the earlier step from the new portfolio's beta (1.15).

Then we work backwards to arrive at the the beta for the additional investment.

8 0

4 years ago

Assume that U.S. companies are importing the same product from Mexico and Taiwan. The United States enters into an FTA with Mexi

saveliy_v [14]

Options:

a.trade specialization

b.trade internalization

c.trade creation

d.trade diversion

Answer:D.trade diversion

Explanation: Trade diversion is a term used in international trade to describe the shift in trade between one nation to another by a third party due to trade preference,leading to a reduced volume of trade between the two nations who originally are trade partners.

TRADE DIVERSION OCCURS WHEN THERE IS A SPECIAL INTEREST OR PREFERENCE DISPLAYED BY ONE OF THE TRADING PARTNERS.

The increased volume of trade between the companies in the United States of America and that if Mexico which has led to a reduced volume of trade between the United States of America and Taiwan is a TRADE DIVERSION.

6 0

3 years ago

Can I get an example of a run on sentence

Marta_Voda [28]

An example of a run on sentence is: I love to do gymnastics I would do it every single day if I could.

8 0

3 years ago

Read 2 more answers

The 100-room Fantastic Florida motor lodge accepts only cash for its guests. On Saturday evening the hotel had 90 of its rooms o

Fudgin [204]

Answer:

The ADR is $100

Explanation:

The average daily rate (ADR) for a hotel is calculated by taking the average revenue earned from rooms and dividing it by the number of rooms sold.

In the scenario presented above, the lodge has one hundred rooms, but sold only ninety rooms, making $9,000. Therefore, we calculate the ADR as follows:

=> $9,000/90

=> $100.

Therefore the average daily rate is $100, meaning that, on average $100 was made per room that was sold.

4 0

3 years ago