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antiseptic1488 [7]
3 years ago
12

Cora’s company sold equipment to a competitor on June 1, 2020, where they both agreed to an installment sales contract with a ra

te of 8%. If this contract requires 8 equal payments due annually starting June 1, 2020, then a:_______.
Business
1 answer:
maw [93]3 years ago
6 0

Answer:

in order for Cora's company to properly record this sale it must use the present value of the future payments.

First it must calculate the 8 equal payments (we could do it using a loan calculator or excel spreadsheet), and then it must calculate the present value of the payments either individually using PV = FV(n) / 1.08ⁿ or by using a table with the future value of the annuity.

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In early 2018 businesses bought more inventory, increasing GDP. What would happen
puteri [66]

Answer:

If a company increases its final goods inventory level, that will increase the country's GDP even if the goods are not sold during the current period (they will be sold in future periods). Increases in inventory level are considered part of Investment component of the GDP.

If the inventories are not sold during the year (2018) and if they continue to be  unsold during part of 2019, that will negatively affect the GDP because fewer goods will be purchased to replenish these inventories and the market price of the goods will also decrease. The market price of goods is determined by the supply and demand. If the supply is much higher than the demand and inventories start to pile up, their price will decrease in order to increase the quantity demanded. If the volume of the goods in inventory is significant enough, this should lower the inflation rate.

4 0
3 years ago
Each general partner in a limited partnership _______. (choose two correct answers)
Natalija [7]

Each general partner in a limited partnership has personal liability

<h3>What is personal liability?</h3>

Personal liability insurance, often known as "comprehensive personal liability (CPL) insurance," is a part of a homeowners insurance or umbrella insurance policy that guards you and members of your household against claims stemming from injuries and damage to other people's property. It protects you from having to pay hefty sums out of pocket if you are found to be accountable for something bad that occurs to a third party.

Your personal liability insurance protects you from lawsuits stemming from injury to others and property damage.

Personal liability insurance is available independently, even though it is frequently included in a homes policy.

To learn more about personal liability from the given link:

brainly.com/question/16059229

#SPJ4

7 0
1 year ago
"Paco is considering the purchase of a used car. Paco currently has excess monthly cash flow of $490 available for vehicle payme
kobusy [5.1K]

Answer:

Paco will have 335 dollars available for the car-loan

Explanation:

fromthe $490 cash flow

we should subtract the cash cost as once we obtain it through a loan we will have to handle with them as well:

 490

 - 60 gas

  - 70 insurance

   - 15 maintenance

<u>    - 10 repairs    </u>

 335  net monthly savings after the purchase of the car.

7 0
3 years ago
Which government agency has the authority to ban or seize potentially harmful products and set severe penalties for violation of
Natali5045456 [20]
Answer: (a) FOOD AND DRUG ADMINISTRATION (FDA)

Food and Drug Administration (FDA) is a federal agency of the USA that protects and promotes public health. It also looks over food safety, drug safety, etc. various laws are included in FDA such as Public Health Service Act, Federal Anti-Tampering Act, etc.
4 0
3 years ago
Assume that Hotel Excellent uses activity-based costing to allocate hotel overhead to guests. In Hotel Excellent, if the budgete
Lyrx [107]

Answer:

c. $33.33 per housekeeping hour

Explanation:

The housekeeping department's activity rate is how much each housekeeping hour costs.

This question can be solved by a simple rule of three.

27000 hours cost $900000. How much does 1 hour cost?

27,000 hours - $900,000.

1 hour - $x.

27000x = 900000

x = \frac{900000}{27000}

x = 33.33

So the correct answer is:

c. $33.33 per housekeeping hour

5 0
3 years ago
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