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3 years ago

The statement that reports net income or loss for a certain period in time is the

Business

1 answer:

Mars2501 [29]3 years ago

8 0

Answer:

The correct answer is: Income statement.

Explanation:

The Income Statement is a report that measures a company's financial performance over a specific accounting period. This statement is also known as the Profit and Loss Statement and Earnings Statement. The Income Statement shows a company's revenues, expenses, net profit, and net loss from both operating and non-operating activities.

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The new car you just purchased cost $25,499. You have saved $3,240 for the down payment (made at the time of purchase) and will

tamaranim1 [39]

Answer:

The correct option is |(45) = $41.54, P(45) = $319.52

Explanation:

Loan amount = Price - Down payment = $25499 - $3240 = $22259

Monthly interest rate = i = 5.25%÷ 12 = 0.004375

Number of installments = n =72

Monthly installment=$22,259 × (A/P,0.004375,72)

Calculating the interest factor;

$\small (A/P,i,n)=\frac{i}{1-\frac{1}{(1+i)^{n}}}$

$\small (A/P,0.004375,72)$ = $\frac{0.004375}{1-\frac{1}{(1+0.004375)^{72}}}$ = 0.0162212

So,

Monthly installment=$22259 × 0.0162212= $361.0677

Now let us calculate the balance after 44th payment

B(44)= [$22,259 × (F/P,0.004375,44)] - [$361.0677 × (F/A,0.004375,44) ]

Calculating the interest factor;

(F/P,0.004375,44) = $(1+0.004375)^{44}$ = 1.2117676

$\small (F/A,i,n)$ = $\frac{(1+i)^{n}-1}{i}$

$\small (F/A,0.004375,44)$ = $\frac{(1+0.004375)^{44}-1}{0.004375}$ = 48.4040257

So,

B(44)= [$22,259 × 1.2117676] - [$361.0677 × 48.4040257] = $9495.6532

So, interest for 45th payment = I(45) = Balance due × Monthly interest rate

=9495.6532 ×0.004375

= $41.54

Principal associated with 45th payment=Monthly installment-Interest payment

=$361.0667 - $41.5435

= $319.5232

≅$319.52

6 0

4 years ago

Bright Daffodils Inc. operates in a state where the smoker's rights law is prevalent. Samantha, the HR manager at Bright Daffodi

pickupchik [31]

Answer:

The correct answer is B. Lara cannot be legally terminated for smoking outside the workplace.

Explanation:

If the conduct is not based on facts that occurred in the performance of her duties, Lara cannot be fired by Bright Daffodils. In this case, people have legislation that protects them and, in the event of dismissal, Lara can request the reinstatement of their work because, within the structure of the law, smoking is not considered a crime. Despite this, Lara must comply with internal policies and must not smoke during her working hours.

7 0

3 years ago

John and Lisa hold the same position at Flyberry Electronics. However, John earns more than Lisa. In the context of pay structur

Shtirlitz [24]

Answer:

a. John works the night shift,and night hours are less desirable for most workers.

Explanation:

The Equal Pay Act of 1963 established that employees must earn the same wage for similar jobs performed regardless of their gender. This means that you cannot pay someone more for being a men if the job done is the same. If any difference in wages exist, it must be justifiable in some way, e.g. different responsibilities, different labor conditions, serve different markets, etc.

In this case, since fewer people want to work on the night shift, in order to attract workers, the company might pay more for doing so. US laws does not require for night shifts to be paid higher wages, but the law of demand and supply might be responsible for the higher wages (demand and supply of labor).

7 0

3 years ago

Financial accounting is utilized by ________ in order to make business decisions:

alex41 [277]

Answer:

a. stockholders and creditors

Explanation:

Financial accounting is utilized by stockholders and creditors in order to make business decisions.

The shareholder use financial accounting reports to determine if the company's performance is as expected and to decide if more money should be invested or funds invested be pulled out (through the sales or transfer of equity).

Creditors use financial accounting to analyze the ability of the company to pay up debts owed to them when due, also to know if to continue to extend credit facilities to the organization.

Production employees rarely use financial accounting, rather, they are more concerned with management accounting considering elements like production cost, material variances, sales budget etc.

Customers are predominantly concerned about the availability of products and the presence of close substitute.

Hence the right option is a.

6 0

4 years ago

What does it mean when we say that individuals as a group are net suppliers of funds for financial institutions? What do you th

Marysya12 [62]

Answer:

Individuals, as a whole, spend less than they make. The excess is provided for financial institutions.

Explanation:

In any market, the cost determines what providers get and what demanders pay. In money related markets, the individuals who supply monetary capital through sparing hope to get a pace of return, while the individuals who request budgetary capital by accepting assets hope to pay a speed of performance. This pace of recovery can arrive in an assortment of structures, contingent upon the kind of speculation.

Members in budgetary markets must choose when they want to devour merchandise: presently or later on. Financial experts call this essential intertemporal leadership since it includes choices crosswise over time.

4 0

4 years ago