1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
11Alexandr11 [23.1K]
3 years ago
9

Chang Co. issued a $54,300, 120-day, discounted note to Guarantee Bank. The discount rate is 9%. Assuming a 360-day year, the ca

sh proceeds to Chang Co. are ______ . Round your answer to the nearest whole dollar. a.$54,707 b.$59,187 c.$52,671 d.$54,300
Business
1 answer:
dimulka [17.4K]3 years ago
5 0

Answer:

c.$52,671

Explanation:

The computation of the cash proceeds to chang co is shown below;

But before that, we have to find the interest which is

= Issued amount × discount rate × number  of days ÷ total number of days in a year

= $54,300 × 9% × 120 days ÷ 360 days

= $1,629

Now the cash proceeds are

= Issued amount - interest amount

= $54,300 - $1,629

= $52,671

hence, the correct option is c.

You might be interested in
Employees at Fratelli Inc. are encouraged to participate in decision making. Organizational control is based on group norms and
BARSIC [14]

Answer:

Letter a is correct. <u><em>Descentralized control</em></u>.

Explanation:

A company that has decentralized control has a more flexible hierarchy, where all employees are motivated to contribute ideas and opinions and participate in the decision making process. Decentralized management is common in large companies, such as Google and Dell, which ensures greater autonomy and freedom of action for employees.

The biggest benefits seen by decentralization are the flexibility to adapt to market changes, the speed of decision making that prevents opportunity costs, and the sense of motivation and value creation between employee and organization.

6 0
3 years ago
What are some common spreadsheets applications?​
Karo-lina-s [1.5K]

USES ( APPLICATIONS) of spreadsheet are;

1) to create budgets : Excel can be used in creation of budget s which is the estimation of revenue as well as expenses which covers specified future period of time.

2)produce graphs and charts: it's application is helpful in creating graphs in mathematics as well as statistics

3 for storing and sorting data: Data sorting can be done using spreadsheet. It involves arrangements of data into an order in order to make analysis of the data easier.

SPREADSHEET APPLICATION

1)Microsoft Excel : This is used in data

crunching , it can handle large data sets.

2)LibreOffice : it's applicable in Calc for a free as well as native spreadsheet app.

4) Smartsheet: is useful when handling

task involving non-spreadsheet and can be used for project management.

5)Quip : it's useful for integration of

spreadsheets into shared documents.

7 0
3 years ago
Andy’s business is not able to pay its debts, and the prospects for its finances to improve are slim. Andy decides not to contin
aalyn [17]

Answer: a. Chapter 7

Explanation:

Chapter 7 bankruptcy is a type of bankruptcy that allows trustee to sell a few of one's property in other to repay creditors. It also allows the cancelation of some debt. The chapter 7 bankruptcy is also known as straight or liquidation bankruptcy and it is the most commonly used especially by individuals.

3 0
3 years ago
Phipps Company borrowed $25,000 cash on October 1, 2016, and signed a nine-month, 8% interest-bearing note payable with interest
anzhelika [568]

Answer:

The correct option is C,$500

Explanation:

The amount of interest accrual is the interest on the sum borrowed from October 1 2016 to 31 December 2016,that is 3 months of interest,which is computed below:

Accrued interest =principal*stated interest rate*number of accrued months/12

principal is $25,000

stated interest is 8%

number of accrued months is 3

accrued interest =$25,000*8%*3/12=$500

The accrued interest is to be debited interest expense  because it is an increase in expense  and credited to interest payable as a liability

5 0
3 years ago
What is an emotional motive?
Usimov [2.4K]

Answer: Emotional motivations cause consumers to buy on the grounds of their thoughts, desires, or urges. Such motivations, mostly motivated by marketing and popular trends, may not even be known to consumers.

The forces that derives emotional decision could be adventure, affection, appearance and fear etc. These decisions might not be economical for the consumers from the money point of view but it generally results in mind satisfaction for the consumer.

 

4 0
3 years ago
Other questions:
  • The _____ model suggests that managers should monitor employees’ perceptions of fairness.
    7·1 answer
  • A concurrent condition occurs when each party's performance is conditioned on the performance of the other.
    8·1 answer
  • The United Kingdom experienced average annual real GDP per capita growth of 2.3% between 1982 and 2009. Which of the following h
    6·1 answer
  • Exists when the entire supply of a good is controlled by a single seller
    7·1 answer
  • An internet strategy enabled nestlé usa to change its way of doing business and allowed the company to change its staid, risk-av
    9·1 answer
  • Harrison is a manager at the local post office. He wants to find ways to improve worker motivation, and has read about the Hawth
    13·1 answer
  • Camerina started work at 9 am, and left at 2:30 p.m. How many hours of
    7·1 answer
  • An adult African elephant weighs 8.25 tons. How much do 26 elephant weigh?
    13·2 answers
  • During 2019, Zigma Company earned service revenue amounting to $800,000, or which $645,000 was collected in cash; the balance wi
    11·1 answer
  • the board of directors of kate's company recently hired an independent firm to review the state of the organization's security c
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!