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Ber [7]
3 years ago
6

Art's Market barrows $25,000 for three years at 8 percent. Payments are quarterly. Which of these inputs correctly computes the

payment amount?
A. N = 12; 1 = 8/4; PV = 25,000; FV = 0; CPT PMT
B. N = 12; 1 = 8/4; PV = 0; FV = 25,000; CPT PMT
C. N = 12; 1 = 8/3; PV = 25,000; FV = 0; CPT PMT
D. N = 4; 1 = 8/4; PV = 25,000; FV = 0; CPT PMT
Business
1 answer:
Ratling [72]3 years ago
5 0

Answer: A. N = 12; 1 = 8/4; PV = 25,000; FV = 0; CPT PMT

Explanation:

A is the correct option because,

N = 12

The period is 3 years but the payments are quaterly so the actual period is;

= 3 years * 4

= 12 quarters/ periods.

I = 8/4

The interest rate is 8% but this is stated as a Yearly value which needs to be adjusted to a quarterly value by dividing it by 4.

PV = 25,000

The Present Value of the loan is $25,000 because this is the amount that Art's Market was given in the present.

When all of this is inputted into the calculator, the answer will be; PMT =  $2,363.99.

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mars1129 [50]

Answer:

Italy has a comparative advantage in the production of cheese

Explanation:

Suppose that Italy and Sweden both produce rye and cheese.

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<u>By comparing the opportunity cost of producing cheese in the two countries, you can tell that Italy has a comparative advantage in the production of cheese because it has a lower opportunity cost (as a matter of fact half the cost) in comparison with Sweden.</u>

<u>Comparative advantage is an economic term that refers to an economy's ability to produce goods and services at a lower opportunity cost than that of trade partners</u>

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3 years ago
By how much did the pace of tuition hikes exceed the 2013 average rate of inflation?
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Alden Trucking Company is replacing part of its fleet of trucks by purchasing them under a note agreement with Kenworthy on Janu
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Answer:

D) $32,624,514.

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Principal Payment (D) = $10,070,000 - $3,525,235

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In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information i
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Answer:

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Cash flow from Operating activities - Indirect method

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Add : Depreciation expense $52,000

Less: Increase in accounts receivable -$36,000

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Less: Decrease in accounts payable -$29,000

Total of Adjustments -$29,000

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ang Co. manufacturers its products in a continuous process involving two departments, Machining and Assembly. Journalize the ent
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Answer:

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Accounts Payable $180,000 (credit)

b.

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Work In Process  Assembly : Indirect Materials $4,900 (debit)

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c.

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d.

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