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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

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Assume that you are a retail customer. Use the information below to answer the following question. Bid Ask Borrowing Lending S0(

Lunna [17]

Answer:

$1,042,500.

Explanation:

From the question above, we are given the following parameters; under the bid, we have $1.42 = €1.00 and $1.48 = €1.00; the borrowing and lending are $ 4.25% and 4% APR respectively for S0($/€).

Also, for F360($/€), the bid and ask values are: $1.48 = €1.00 and $1.50 = €1.00 respectively; the borrowing and lending values are 3.10% APR and 3% APR.

Therefore, the Borrowing rate is ($) 4.25% in $ . Thus, $1,000,000 for one year, one we owe

$1,000,000 × (1 + 0.0425) = $1,042,500 at maturity.

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3 years ago

Presented below is information related to Shamrock Corp., which sells merchandise with terms 2/10, net 60. Shamrock Corp. record

Arada [10]

Answer:

Shamrock Corp.

Entry to write off the uncollectible balance of Warren Harding Co.:

Debit Allowance for Uncollectible accounts $13,500

Credit Accounts Receivable $13,500

To write off the uncollectible account.

Explanation:

a) Data and Calculations:

Credit terms = 2/10, net 60. This means that 2% discount is allowed to each customer for making payment within 10 days and the longest credit is 60 days.

Sales to Warren Harding Co = $15,000

Amount debited to Accounts Receivable = 14,700 ($15,000 * 98%)

Amount paid by Warren (10%) = $1,500

Amount to be written off as uncollectible = $13,500

Discount of $300 will be reversed with a debit to the Accounts Receivable and a credit to Discount Allowed (since the Shamrock Corp. records its sales and receivables net.)

Cash of $1,500 will be debited and Accounts Receivable credited to record the 10% of $15,000 cash receipt from Warren Harding Co. The remaining amount, which is $13,500 will be written off with a debit to Allowance for Uncollectible accounts and a credit to Accounts Receivable.

8 0

3 years ago

Petrus Framing's cost formula for its supplies cost is $2,300 per month plus $6 per frame. For the month of March, the company p

Alchen [17]

Answer:

$30 Favorable

Explanation:

Calculation for the activity variance for supplies cost in March

Using this formula

Activity variance = (Actual units - Budgeted units) * Variable cost

Where,

Actual units=856

Budgeted units=861

Variable cost=$6

Let plug in the formula

Activity variance=(856-861) * $6

Activity variance=5*$6

Activity variance=$30 Favorable

Therefore the activity variance for supplies cost in March would be closest to: $30 Favorable

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3 years ago

How do the changes with age of the prevalence rates for externalizing and internalizing disorders compare?

nikdorinn [45]

Answer:

As we age, Externalization disorders decline, while internalization disorders intensify.

Explanation:

Internalizing habits and disorders are mainly characterized by self-related factors such as distress, drowsiness and depression. While Externalizing habits and disorders are generally identified by acts in the outside world, such as reacting out, anti social behavior, violence, and aggression.

Externalisation is mostly associated with our youthful time when we are young wild and free and a s we grow we outgrow such behaviour due to responsibility and interactions of life so therefore it decreases. While internalisation increases as we grow older because of the people we met and the responsibilities and life changing experience we have had.

6 0

3 years ago

The Grow Your Garden seed company recently conducted a situation analysis. It decided on its marketing goals too. What is its ne

zhannawk [14.2K]

Answer:

To plan effective strategies and specific tactics to accomplish the strategic objectives

Explanation:

Since the company has conducted situational analysis and chosen its marketing goals the next logical step is to plan effective strategies and specific tactics to accomplish the strategic objectives. Both situational analysis and marketing goals are needed in order to understand who to target and what to aim for. Once a company has this, they need to plan a course of action in order to accomplish those goals as effectively as possible.

3 0

3 years ago