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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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What advanced techniques are used in nail services today?
OleMash [197]

Answer:

The use of Paraffin Wax

3D Inlay

Explanation:

<u> Paraffin Wax</u>

The use of paraffin wax is very common in nail services in order to help softens the customer's skin and smooth over the dead cells on the area surrounding the nails. This will make the hands felt  soft and radiant, and great for creating first impressions during handshakes on professional settings.

<u>3D Inlay </u>

Many nail services now had the ability to customize the shape of customers' nails rather than only giving it simple colors / design. This can be done by using different variations of gems as materials or only using the nails of the customers if it has enough size.

6 0
3 years ago
Your car needs a new engine and it cost $1,000. you currently have $600 to invest at 7% compound annually, how long will you hav
sergejj [24]
Amount = Principal ( 1 + interest rate) ^ years

$1000 = $600 ( 1 + .07 ) ^ years

$1000 / $600 = 1.07 ^ years

1.66667 = 1.07 ^ years

years = 8


4 0
3 years ago
Which region is most likely to export bananas to the United States?
wariber [46]
<h2>ANSWER:</h2>

Guatemala - 3,348.75 Million Pounds

<h2>EXPLANATION:</h2>

The US itself just creates 0.008 million metric huge amounts of bananas every year, and vigorously depends on bananas from different nations to help meet its requests for the natural product. These nations whereupon the United States depends are sketched out underneath.

10. Dominican Republic - 9.22 Million Pounds

9. Panama - 50.65 Million Pounds

8. Peru - 61.65 Million Pounds

7. Nicaragua - 87.88 Million Pounds

6. Mexico - 489.25 Million Pounds

5. Colombia - 912.04 Million Pounds

4. Honduras - 1,188.93 Million Pounds

3. Costa Rica - 1,824.69 Million Pounds

2. Ecuador - 1,730.32 Million Pounds I

1. Guatemala - 3,348.75 Million Pounds

4 0
3 years ago
Read 2 more answers
A company purchased $9,100 of merchandise on June 15 with terms of 3/10, n/45. On June 20, it returned $455 of that merchandise.
elena-14-01-66 [18.8K]

Answer:

$259.35

Explanation:

The computation of the amount of cash paid is shown below:

= (Purchase value of merchandise - returned goods of merchandise - discount charges)

= ($9,100 - $455 - $259.35)

= $8,385.65

The discount charges is

= (Purchase value of merchandise - returned goods of merchandise) × discount rate

=  ($9,100 - $455) × 3%

= $259.35

We simply applied the above formula

3 0
3 years ago
Vertical integration is: a. A firm's ownership of vertically related activities b. A firm's control over its input sources and t
ANEK [815]

Answer:

A firm's ownership of vertically related activities

Explanation:

As we know that

There are two types of integration i.e horizontal and vertical

The horizontal integration is the integration in which two or more firms amalgamate dealing in the same type of business i.e their products and the level of production is same

While on the other hand the vertical integration is the integration in which the one firm acquired or purchased another firm dealing in different stages but the production level remains the same

Hence, the first option is correct

7 0
3 years ago
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