Answer:
$24,250.00
Explanation:
<em>Account receivable balance represent the value of credit sales that remain unpaid as at the end of a particular accounting period.</em>
It is ascertained as follows:
<em>Receivable balance = Opening balance + Credit Sales - collected accounts receivable</em>
Receivable balance = 15,790 + 42,300 - 33, 840
= $24,250.00
Accounts Receivable balance is $24,250.00
A medium-term goal takes 1-2 months to accomplish
Answer:
Coupon Rate = 8.1%
Explanation:
Given:
Nper = 18 x 2 = 36 semiannual
Rate = 6.6% / 2 = 3.3% semiannual
Future Value = $1,000
Present Value = $1,156.50
Find:
Coupon rate
Computation:
Annual Interest Payment = PMT(Rate,Nper,PV,FV)2
Annual Interest Payment =PMT(3.3%,36,-1156.50,1000)2
Annual Interest Payment = $80.98 = $81 (Approx)
Coupon Rate = [Annual Interest Payment / Face Value]100
Coupon Rate = [81/1000]100
Coupon Rate = 8.1%
The <u>Andromeda Galaxy</u>, a member of our local group, is moving toward us.
Our neighborhood galaxy, the Andromeda Galaxy, is moving closer. Since the beginning of the universe, which took place billions of years ago, it has been expanding.
Everything in the universe is drifting away from one another via space because there is no center to the universe. Our local group, which is bound together by gravitational attraction, includes the Andromeda galaxy.
The Andromeda Galaxy is our local group's biggest elliptic galaxy. It is larger than our own galaxy, the Milky Way, by more than thrice. The Local Group, one of many different groups of galaxies that are gravitationally connected to one another, includes both galaxies.
To learn more about the universe expanding
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Answer:
Option (D) is correct.
Explanation:
The payback period is the amount of time required to get your investment back.
Shorter the payback period, the better it is for the investor.
Given that,
Useful life = 6 years
Copier cost = $7,740
Generate annual cash inflows = $2,150
Therefore,
Payback period = Initial investment ÷ Annual cash inflow
payback period = $7,740 ÷ $2,150
= 3.60 years
