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
pantera1 [17]
3 years ago
14

A company borrowed cash from the bank and signed a 6-year note at 7% annual interest. The present value for an annuity (series o

f payments) at 7% for 6 years is 4.7665. The present value of 1 (single sum) at 7% for 6 years is 0.6663. Each annual payment equals $8,400. The present value of the note is:
Business
1 answer:
nikklg [1K]3 years ago
5 0

Answer:

Explanation:

Present value of note = Annual payment x present value annuity factor

Annual payment = 8,400

PVAF = 4,7665

= $ 8,400 x 4.7665

= $ 40,038.60

So, the present value of note is $ 40,038.60

You might be interested in
One of your employees mentions to you that there is an active grapevine in your organization. Which of the following assumptions
astraxan [27]

Answer:

c. develop a relationship with the person at the center of the grapevine so you can quickly spread and receive information throughout the organization

d. paying attention to what is said on the grapevine will give you a good serve of what employees are really thinking and feeling about the company.

Explanation:

  • Grape wine is a rumor and informal channel of communication that spread throughout the organization in all directions irrespective of the authorities and develops due to various reasons.
  • In order to manage this grape wine within the organization, the leaders may need o to defend the boundaries of grapevines and avoid the spread of rumors.
7 0
3 years ago
Please follow my channel on y0utube
vodomira [7]

Answer:

what do you call 2 Mexicans playing basketball

Explanation:

btw it's a dad joke

4 0
3 years ago
Which of the following statements best reflects a price-taking firm? a The firm has an incentive to charge less than the market
MatroZZZ [7]

Answer:

b

Explanation:

A price taking firm is a firm that must sell at the price determined by the forces of demand and supply. This is typical of firms that in industries that sell identical products.

If the firm charges a price higher than equilibrium price, customers would go to other suppliers and the firm would sell known of its product.

There would be no incentive for a firm to sell below equilibrium price because it would be earning losses.

An example of an industry characterised by price taking firms are perfectly competitive industries.

For example, a farmer selling oranges is an example of a price taking firm

5 0
3 years ago
Assuming the required-reserve ratio is 20%, after a $5 billion purchase of securities (government bonds) from the non-bank publi
9966 [12]

Answer: $25 billion

Explanation:

The increase in cash as a result of a deposit into the banking system, no cash leakages and a required-reserve ratio is:

= Deposit into banking system * Money multiplier

Money multiplier = 1 / Required reserve ratio

= 1 / 20%

= 5

Checkable deposit increase:

= 5 billion * 5

= $25 billion

8 0
2 years ago
Prepare Hertog Company’s journal entries to reflect the following transactions for the current year. May 7 Purchases 200 shares
Mrrafil [7]

Answer:

Explanation:

Prepare Hertog Company’s journal entries to reflect the following transactions for the current year.

1. May 7 Purchases 200 shares of Kraft stock as a short-term investment in trading securities at a cost of $50 per share plus $300 in broker fees.

Dr Short Term Investments..............................10,000

Dr Broker Fess..........................................................300

Cr. Cash.................................................................................10,300

<em>Being purchase of 200 shares of Kraft stock as a short-term investment in trading securities at a cost of $50 per share plus $300 in broker fees</em>

<em />

2. June 6 Sells 200 shares of its investment in Kraft stock at $56 per share. The broker’s commission on this sale is $150.

Dr Cash................................................................11,050

Dr Broker Fess........................................................150

Cr. Cash............................................................................10,000

Cr. Gain on Sale of Short-term investments..............1,200

Being Sale of 200 shares of its investment in Kraft stock at $56 per share. The broker’s commission on this sale is $150

4 0
3 years ago
Other questions:
  • At the beginning of the year, Uptown Athletic had an inventory of $640000. During the year, the company purchased goods costing
    10·1 answer
  • Tim rutherford is thinking about starting a firm in the medical equipment industry. in the industry analysis tim has been? condu
    6·2 answers
  • The ________ oversees the coast guard, the u.s. immigration and customs enforcement, the u.s. secret service, and the federal em
    6·1 answer
  • Securities not listed on one of the exchanges trade in the over-the-counter market. In this exchange, dealers "make a market" by
    9·1 answer
  • Ricky told his team that he is moving forward with a change to the bonus structure, despite vocal objections from several team m
    7·1 answer
  • Jake Lamps manufactures lamps, lights, shades, and bulbs. Its lighting lasts long and saves power, and it is superior in quality
    8·1 answer
  • Radicals use the term political economy instead of _____ to describe their critique of capitalism and the inequitable distributi
    10·1 answer
  • At the beginning of the year, a firm had current assets of $121,306 and current liabilities of $124,509. At the end of the year,
    14·1 answer
  • One study found that companies with the highest levels of quality are how many times more productive than their competitors with
    14·1 answer
  • which situation indicates a weak internal control structure? a. the mail room clerk authorizes credit memos b. the warehouse cle
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!