When a broker advertises "sales volume" or "production," the figures must refer to:

On July 1, SHady resort borrowed 350,000 cash by signing a 10-year, 8.5 % installment note requiring equal payments each June 30

Nadusha1986 [10]

Answer:

$29,750

Explanation:

Since the Annual Payments of $53,343 are all equal for the period of 10 years at 8.5% installment note, therefore we Simple interest formula here to calculate the interest amount;

I = Prt

P = Principal Amount = $350,000

r = Interest Rate = 8.5%

t = time = 10-year

I = Interest = 350,000 x 0.085 x 10 = 297,500

Hence, the first annual payment of interest expense will be:

= 297,500 / 10 = $29,750

3 0

3 years ago

Suzanna was recently promoted to manager and is ready to start her first project with her new team. In order to develop trust an

ki77a [65]

After being recently promoted as a project manager for a new project with a new team, Suzanna must develop trust and establish the work rules by the way of interacting personally with her new team members.

<h3>Who is a project manager?</h3>

A person who is engaged or involved in planning, allocating and finishing a project for an organization, which is a part of the organizational goals, such a person is known as a project manager.

Hence, the significance of a project manager is aforementioned.

Learn more about a project manager here:

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5 0

2 years ago

Universal Waste Disposal sold 1,350,000 shares of stock at $24.62 per share. The investment banker's commission was 5% of the va

love history [14]

In total, the money they got was 1.350.000*24.62=33.237.000$ . 5% of it was given to the investment banker; so UWD keeps 95% of it. 95% * 33.237.000= 31.575.150$. The total costs were 1.225.000+450.000+275.000+300.000=2.250.000$
We need to take the difference of these 2 to calculate the net gain. This gain is 29.325.150$ .

4 0

3 years ago

What are the three types of inherent value money can have

Reil [10]

Answer:

commodity value, representative value, and also fiat value.

6 0

3 years ago

An employee earns $7,500 in wages and has $1,800 in Federal Income Tax withheld and $318 in State Income tax withheld. In additi

kogti [31]

Answer:

Dr. Wages Account with $7,500 (employee Wages Payable)

Cr. Federal Income Tax Payable on Employee Wage with $1,800

Cr. State Income Tax Payable on Employee Wage with $318

Cr. FICA Medicare Payable with $108.75 (1.45% on Taxable wage of $7,500)

Cr. FICA Social Security Payable with $465 (6.2% on Taxable wage of $7,500)

Cr. Bank/Cash/Wages Payable Account with $4,808.25 (Net Wage Payable to Employee)

Explanation:

Dr. Wages Account with $7,500 (employee Wages Payable)

Cr. Federal Income Tax Payable on Employee Wage with $1,800

Cr. State Income Tax Payable on Employee Wage with $318

Cr. FICA Medicare Payable with $108.75 (1.45% on Taxable wage of $7,500)

Cr. FICA Social Security Payable with $465 (6.2% on Taxable wage of $7,500)

Cr. Bank/Cash/Wages Payable Account with $4,808.25 (Net Wage Payable to Employee)

3 0

3 years ago

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