All categories

3 years ago

The maturity value of a 90-day note for $4,000 with an interest rate of 10 percent is?

Business

1 answer:

Leno4ka [110]3 years ago

8 0

Answer:

maturity value = $4100

Explanation:

given data

time = 90 days = $\frac{90}{360}$

consider 360 days in a year

principal = $4000

interest rate = 10%

to find out

maturity value

solution

first we get here interest amount that is

interest = principal × rate × time .........1

interest = $4000 × 10% × $\frac{90}{360}$

interest = $100

so maturity value will be

maturity value = principal + interest .............2

maturity value = $4000 + $100

maturity value = $4100

You might be interested in

How can marketing affect the society?

k0ka [10]

Answer:

Marketing drives a consumer economy, promoting goods and services and targeting consumers most likely to become buyers. Higher sales for a business that employs successful marketing strategies translate into expansion, job creation, higher tax revenue for governments and, eventually, overall economic growth.

3 0

3 years ago

Today, your paint line must produce 4950 gallons of beige paint. Your four step manufacturing process has the following scrap ra

Eddi Din [679]

Answer:

For paint line to must produce the 4950 gallons of beige paint, it needs total of 5174.1 Kg. It accounts for the factors which are mentioned in the question . Explanation for this is attached in the image.

Explanation:

Explanation is in the attached image.

7 0

3 years ago

Big Chill, Inc. sells portable dehumidifier units at the current price of $184. Unit variable costs are $85. Fixed costs, made u

Likurg_2 [28]

Answer:

$6,014,384

Explanation:

Break even point is the level at which a firm makes neither profit nor a loss. This is the point where Profit = $0.

Break even units = Fixed Costs ÷ Contribution per unit

therefore,

Break even units = $3,236,000 ÷ ($184 x $85)

= 32,687 units

thus,

Breakeven Sales = 32,687 units x $184 = $6,014,384

3 0

3 years ago

Metlock, Inc. has 5900 shares of 6%, $50 par value, cumulative preferred stock and 118000 shares of $1 par value common stock ou

MrRa [10]

Answer:

$23900

Explanation:

Given: Cumulative Preferred stock is 5900 shares of 6% at $50.

Dividend paid in 2019= $11500

First lets calculate the value of preferred stock.

Preferred stock= $5900 shares\times \$ 50\times \frac{6}{100}$

∴ Preferred stock= $17700.

Formula:

Dividend received by preferred stockholder= $[Preferred\ stock +(Preferred\ stock-Dividend\ paid)]$

⇒Dividend received by preferred stockholder= $17700+(17700-11500)$

⇒ Dividend received by preferred stockholder= $17700+6200= \$ 23900$

∴ $23900 dividend received by preferred stockholder in 2020.

4 0

3 years ago

Clampett, Inc., has been an S corporation since its inception. On July 15, 2020, Clampett, Inc., distributed $44,000 to J.D. His

Serjik [45]

Answer:

-$8,600

Explanation:

Data provided in the question:

Distributions = $44,000

Basis = $42,000

Amount of ordinary income allocated = $10,600

Now,

Capital gain from distribution in excess of basis

= Distribution - Basis - Amount of ordinary income allocated

= $44,000 - $42,000 - $10,600

= -$8,600

here, negative sign depicts there is a capital loss

8 0

3 years ago