The term BUSINESS CYCLE is a popular way to describe the rescission-expansion pattern followed by the economy.
Answer:
$800.71
Explanation:
In this question we use the PMT formula that is shown on the attachment below:
Data provided in the question
Present value = $38,000
Future value = $0
Rate of interest = 10% ÷ 12 months = 0.83333%
NPER = 60 months
The formula is shown below:
= PMT(Rate;NPER;-PV;FV;type)
The present value come in negative
So, after solving this, the monthly payments is $800.71
Answer:
Inventory would be 1, 768
Explanation:
2,000 goods
+200 freight-in (A)
-400 returned goods
<u> -32 </u> discount (B)
1, 768 net amount for inventory
<u>Notes:</u>
(A) The freight-in will be included in the inventory, as is a cost needed to have the inventory in the company's possession and be ready to use or sell.
(B) goods x discount rate
net goods 2,000 - 4,00 return = 1,600
discount for payment within 10 days 2%
Discount on purchase: 1,600 x 2% = 32