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Tema [17]
3 years ago
13

Uming a 360-day year, when a $15,217, 90-day, 12% interest-bearing note payable matures, total payme

Business
1 answer:
postnew [5]3 years ago
3 0

Answer:

$15,674

Explanation:

Principal amount = $ 15,217

Interest rate = 12 percent per year.

<u>Calculating interest per year</u>

 =(12/100)x$ 15,217=  $ 1,826.04

<u>Calculating interest for 90 days</u>

 =(90/360)x $1,826.04 = $456.50

Total payment at maturity will be principal amount plus interest

i.e $ 15,217 +$456.50 = $15, 673.5

1.e $15, 674

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Motorcycle Manufacturers, Inc., projected sales of 54,500 machines for the year. The estimated January 1 inventory is 6,860 unit
MrRa [10]

Answer:

55,060 machines

Explanation:

Projected sales = 54,500

Estimated opening balance = 6,860

Desired ending balance = 7,420

Budgeted production = ?

Let the budgeted production be B

Using the formula

Opening balance + Budgeted production - Sales = Closing balance

6,860 + B - 54,500 = 7,420

B = 7,420 + 54,500 - 6,860

B = 55,060

The budgeted production for the year is 55,060 machines.

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3 years ago
(Learning Outcome 2) Watson Plumbing performed plumbing services for ABC Daycare on account for $565. How will this transaction
Strike441 [17]

Answer:

ABC Daycare

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Explanation:

a) Data and Analysis:

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3 years ago
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Marion, the new supervisor, has requested the management to install survaillance cameras and voice recorders to monitor the prod
Kaylis [27]

Answer:

Explanation:

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3 years ago
Kotrick Company has beginning inventory of units and expected sales of units. If the desired ending inventory is ​units, how man
saw5 [17]

Answer: $26,000

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