All categories

3 years ago

Duerr company makes a $75,000, 60-day, 11% cash loan to Ryan Co. The maturity value of the loan is: (Use 360 days a year.)

Business

1 answer:

Sergeeva-Olga [200]3 years ago

7 0

Answer:

The maturity value of the loan is $76,375.00

Explanation:

The maturity value of the loan comprises of the face value of the loan plus the interest accrued over the 60-day period as shown below:

face value of the loan=$75000

interest=$75000*11%*60/360

interest on loan=$1375

maturity value=$75000+$1375

maturity value=$76,375.00

You might be interested in

If the elasticity for computers at the current price is at 6.4, what would happen to total revenues if a computer manufacturer d

MA_775_DIABLO [31]

They would go down drastically fast.

5 0

3 years ago

Read 2 more answers

A number of separate but interdependent budgets that formally lay out the company's sales, production, and financial goals and t

Lapatulllka [165]

A number of separate but interdependent budgets that formally lay out the company's sales, production, and financial goals and that culminates in a cash budget, budgeted income statement, and budgeted balance sheet is master budget.

The lower-level budgets, cash flow projections, budgeted financial statements, and financial plans of an organisation are all included in the master budget, which is a thorough financial planning document. It is often created by a company's budget committee under the direction of the budget director.

To know more about Master Budget here

brainly.com/question/28217954

#SPJ4

6 0

1 year ago

Pedregon Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.95 Direct labor

Paraphin [41]

Answer:

The correct answer is $27,675.

Explanation:

According to the scenario, the given data are as follows:

Variable manufacturing OH = $1.75

Fixed manufacturing OH = $19,800

Units = 4,500 units

So, we can calculate the total amount of manufacturing overhead cost by using following formula:

Total manufacturing OH = Total variable OH + Total fixed OH

Where, Total variable OH = $1.75 × 4,500 = $7,875

By putting the value, we get

Total Manufacturing OH = $7,875 + $19,800

= $27,675

7 0

3 years ago

Excellent Manufacturers Inc. has a current production level of 20,000 units per month. Unit costs at this level are: Direct ma

Marina CMI [18]

Answer:

The increase in operating profit is $1,829.00.

Explanation:

The rise or fall in the operating income:

= Purchase unit × ( offer price- direct material- direct labor- variable overhead)

The rise or fall in the operating income: = 1550× (2 - 0.26 - 0.4 - 0.16)

The rise or fall in the operating income: = $1829

Therefore the profit will increase by $1829

Here all the fixed cost is not considered because it is a sunk cost and variable and administrative expenses are also not considered because these costs are not going to be incurred for offer.

6 0

3 years ago

The accompanying graphs depict the market for bags of potato chips, which is currently at an equilibrium price of $1.67 per bag

Sergeeva-Olga [200]

Answer:

Equilibrium is the point of the interaction between the demand and supply curves.

The given graph given from the question is attached below (Image 1-2)

The solution is attached in image 3-4

6 0

3 years ago