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wariber [46]
3 years ago
13

Fiona installed a new pool for $9940 using a 12 month deferred payment plan with an interest rate of 22.53%. What is the balance

after the deferment period A payment of $397 are each month?
A. $7,761.84B. $9,940.00C. $5,176.00D. $12,425.84
Business
1 answer:
Bezzdna [24]3 years ago
6 0

Answer:

A. $7,761.84

Explanation:

Balance after deferment period before any payment made.

A = P(1 + r)^t

A = $9940*(1 + 0.2253)^(12/12)

A = $12179.5

Final balance after monthly payment.

A_f = $12179.5 - (12*397)

A_f = $7415.5

Therefore, The balance after the deferment period A payment of $397 are each month is $7,761.84.

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Your bond portfolio consists of $30 million worth of Treasury STRIPS with 7 years to maturity, and $10 million of Treasury notes
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Answer:

<em>d) Slightly greater than 4 years</em>

Explanation:

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3 years ago
Who is responsible for ensuring the policies and procedures are implemented across the organization and acts as a liaison betwee
Elina [12.6K]

Responsible for ensuring the policies and procedures are implemented across the organization and acting as a liaison between the MIS department and the business?

The correct answer is Data Steward

<h3>Why is MIS becoming so important to businesses?</h3>

The main purpose of the MIS reporting system is to provide management with important business information for complex decision-making. Reliable information about business data related to current market development is essential for governments to be able to make swift and well-founded decisions.

The first relationship between business processes and information systems is to achieve business goals. For example, organizations use information systems to improve operational and process efficiency by improving the flow of information.

Learn more about the MIS department and the business here

brainly.com/question/12386219

#SPJ2

8 0
2 years ago
If sales are $540,000, expenses are $440,000 and dividends are $50,000, what is the balance of income Summary prior to closing?
alexandr402 [8]

Answer:

d. It will have a credit balance of $100,000.

Explanation:

In the income statement, the total revenues and the total expenses are recorded.  

If the total revenues are more than the total expenditure then the company earns net income

And, If the total revenues are less than the total expenditure then the company have a net loss

This net income or net loss would reflect in the statement of the retained earning account.

So, the balance of income summary equals to

= Sales - expenses

= $540,000 - $440,000

= $100,000

The dividend should be deducted from the retained earning account. Hence, it will not be consider here

7 0
4 years ago
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