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il63 [147K]
3 years ago
6

On January 1, Year 1, the Mahoney Company borrowed $164,000 cash from Sun Bank by issuing a five-year 8% term note. The principa

l and interest are repaid by making annual payments beginning on December 31, Year 1. The annual payment on the loan based on the present value of annuity factor would be $40,625. The amount of principal repayment included in the December 31, Year 1 payment is:
Business
1 answer:
Georgia [21]3 years ago
8 0

Answer:

Principal payment =  $27,505.00  

Explanation:

<em>Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest.</em>

The principal repayment in year 1 = Annual payment - Interest payment in year 1

<em>Interest payment in year = Interest rate × Principal Amount</em>

                                          =8% × 164,000

                                         =  $13,120.00  

Principal payment = $40,635 - 13,120 =  $27,505.00  

Principal payment =  $27,505.00  

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The price elasticity of demand for lightbulbs is likely to be unit elastic because
Montano1993 [528]

Answer:

The correct answer is: is relatively inelastic because there are very few substitutes for lightbulbs.

Explanation:

The demand for unit elasticity is an intermediate situation between an elastic and other inelastic demand curve, so that the price elasticity is equal to one, which means that in the face of variations in price, the total ingrowth (price per cantidad), if it decides, if the price increases, the demanded cantidad will diminish in an amount such that the previous and the present in the same ones. The same would occur in the case that the price had fallen, the song would increase so much that the ingrowth remained constant.

7 0
3 years ago
In the field of quality control, the science of statistics is often used to determine if a process is "out of control". Suppose
devlian [24]

Answer:

probability = 0.008

probability = 0.0256

Explanation:

we know here probability of defective is 0.2

so probability of not defective is 1 - 0.2 = 0.8

as we know 3 item is arrive off process line in succession

so The probability that an item is defective is

as P(defective) = 0.20

as all item are independent so

probability that all three items are defective is

probability = 0.20  × 0.20  × 0.20 = 0.008

and

probability that exactly 3 of next 4 are defective

so number of way that can choose 3 out of 4 is

= \frac{4!}{3! ( 4-3)!}

= 4

so as all are independent probability is

probability = ( the number of way to choose 3 out of 4 ) × ( 3 item defective ) × ( 1 item not defective )

probability = _4 C_3 × 0.2³ × ( 1- 0.2)

probability = 4 × 0.008 × 0.8

probability = 0.0256

4 0
3 years ago
__________ fairness refers to the perceived fairness of the process with which a firm handles customer complaints
Phantasy [73]

Answer:

Procedural

Explanation:

Procedural fairness is a justice practice used to obtain the highest level of evidence-based confirmation. Its characteristics are consistency, ethics and precision.

It is more used in companies because it uses impartiality to forecast results, which increases the satisfaction of consumers, who feel relevant in the process.

6 0
3 years ago
First he was all about innovation. next it was efficiency. now​ snyder's strategy is customer responsiveness. these changes in s
Lorico [155]

These changes in strategy are indicative of internal forces of change. Internal forces of change in business refer to events, people and systems inside a company that aid or prevent it from fulfilling short term as well as long term goals. 

8 0
3 years ago
Bobby decides to sell lemonade on a hot summer day. If Bobby sells 25 glasses of lemonade for $5.00 per cup, and his average tot
bulgar [2K]

Answer:

$ 120.60

Explanation:

25 glasses * $ 5/ glass = 125 dollars gross income

income - expense = profit

125 - 4.40 = 120.60 profit

5 0
2 years ago
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