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Nikitich [7]
3 years ago
13

On November 1, Alan Company signed a 120-day, 8% note payable, with a face value of $9,000. What is the maturity value (principa

l plus interest) of the note on March 1
Business
1 answer:
Darya [45]3 years ago
4 0

Answer:

$9,240

Explanation:

Computation of Maturity Value of the note

First step is to find the interest amount using this formula

Interest amount=(Face value *Note payable)*Numbers of days to signed/Numbers of days in a year

Let plug in the formula

Interest Amount = ($9,000*8%)*120/365

Interest amount = $720 * 120 / 360

Interest amount=720*0.33333

$240

Next step is to calculate for the Maturity value using this formula

Maturity Value = Face value +Interest amount

Let plug in the formula

Maturity value =$9,000 + $240

Maturity value = $9,240

Therefore the maturity value of the note on March 1 will be $9,240

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2. What would you say to some who said that citizens had no right to know where their federal income tax money goes?
DochEvi [55]

Federal tax dollars are collected from citizens to use for programs and infrastructure that is supposed to be used for public good, such as early childhood education, social security, roads, bridges, etc. Since the money is from citizens and for citizens, they should know how the money is spent so they can hold their elected representative accountable.

4 0
3 years ago
Matt Company uses a standard cost system. Information for raw materials for Product RBI for the month of October follows: Standa
Troyanec [42]

Answer:

$100 favorable

Explanation:

The computation of the material purchase price variance is shown below:

= Actual Quantity purchased × (Standard Price - Actual Price)

= 2,000 pounds × ($1.60 - $1.55)

=  2,000 pounds × $0.05

= $100 favorable

Simply we took the difference between the standard and the actual price, and then multiply it by the actual quantity purchased

6 0
3 years ago
Administrative and political decision-making procedures and intuition have been associated with high performance in unstable env
irina [24]

It is true that the administrative and political decision making procedures and intuition have been associated with high performance in unstable environment where decision must be rapidly taken.

<u>Explanation:</u>

In the cases of unstable environment in the businesses, certain decisions need to be take in a quick manner which might result in the changing in the business procedures. This has a direct effect on the stabilizing the environment of the business.

These decisions might be administrative in nature where the best alternative for the business procedure will be selected or political in nature where policies are changed to stabilize the environment.

8 0
2 years ago
Margarite's Enterprises is considering a new project that will require $345,000 for new fixed assets, $160,000 for inventory, an
atroni [7]

Answer:

NPV = (53,222.44)

Explanation:

Net fixed asset                              345,000

Working capital

160,000 inventory + 35,000 Ar =   195,000

short term deb                                 (110,000)

net working capital                           85,000

Total investment                            430,000

salvage value 345,00 x 25% = 86,250

release of the working capital  85,000

Cash flow at end of project      171,250

annual cash flow

sales             550,000

cost              (430,000)

depreciation    69,000

EBT                   51,000

tax expense 35%

                        (17,850)

net income       33,150

+ dep                 69,000

cash flow           102,150

Now we calculate the present value of the net cash flow and the present alue fothe end of the project

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 102150

time 4

rate 0.15

102150 \times \frac{1-(1+0.15)^{-4} }{0.15} = PV\\

PV $291,636.04

\frac{Principal}{(1 + rate)^{time} } = PV  

Principla (sum of salvage and released Working capital   171,250.00

time   5.00

rate   0.15

\frac{171250}{(1 + 0.15)^{5} } = PV  

PV   85,141.52

NPV = 291,636.04 + 85,141.52 - 430,000 = (53,222.44)

6 0
3 years ago
a company purchased supplies for cash, which will be consumed during future months. which of the following correctly describes t
harina [27]

The answer choice that correctly describes the impact of the supplies purchase on the financial statements is A. total assets will remain unchanged.

<h3>What is an Asset? </h3>

This refers to financial property owned by a company or individual that has some degree of value.

Hence, we can see that given the fact that a company purchased supplies for cash that would be used in a few months, this would leave the total assets unchanged.

Read more about assets here:

brainly.com/question/11209470

#SPJ11

4 0
1 year ago
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