Answer:
Monthly payment would be $250.37
Explanation:
The monthly payment can be determined using excel pmt formula as follows:
=pmt(rate,nper,-pv,fv)
rate is the APR of 6.25% per year divided by 12 months in a year
nper is the number of years the payments would last which is 6 years multiplied by 12 months
pv is the initial amount of finance which is the net amount of $15,000
fv is the total amounts to be repaid which is unknown
=pmt(6.25%/12,6*12,-15000,0)=$ 250.37
The amount of monthly payment is $250.37
Answer:
$107,000
Explanation:
Total amount transferred to finished goods inventory = Opening Work in process + All direct expenses - Closing Work in process.
Here Opening Work in process = $8,000
All direct expenses = Raw Material + Labor + Overhead = $34,000 + $41,000 + $36,000 = $111,000
Closing work in process = $12,000
Amount transferred to finished goods inventory = $8,000 + $111,000 - $12,000 = $107,000
$107,000
Answer:
The correct answer is Final authorization of credit memos by personnel in the sales department could permit an employee defalcation scheme.
Explanation:
Having control of the credit notes is very important for the company, as if it were any other accounting document.
The credit note in accounting is the document that is made in order to cancel the invoices because the law establishes that the invoices made cannot be eliminated under any circumstance, so when an invoice has an error, this voucher is created for the value of the invoice in negative.
The realization of this proof of purchase must be in the hands of the sellers or the company that provides the service or markets a product: and will be addressed to the customer who requested return or changes of the invoice.
The percentage gain earned by Sally from the sales of the shares is 47.55%.
<h3>What is the percentage gain?</h3>
The percentage gain is the excess of the selling price over the cost price of the stock of shares/.
Percentage gain = (selling price - cost price) / cost price
(34.60 - 23.45) / 23.45 = 47.55%
To learn more about percentages, please check: brainly.com/question/25764815
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