Divide $100/2.75= about 36 days as $2.75* x 36=$99
Answer:
C. Payback is 10 years
Explanation:
Payback is the number of years it will takes to recover the initial investment, which in this case translates to: how long will it take for Ribelin Corpration to recover the $218,000 investment given the stated cash-flows.
Year Cash-flow Balance
0 (218,000.00) (218,000.00)
1 32,000.00 (186,000.00)
2 18,000.00 (168,000.00)
3 21,000.00 (147,000.00)
4 21,000.00 (126,000.00)
5 21,000.00 (105,000.00)
6 21,000.00 (84,000.00)
7 21,000.00 (63,000.00)
8 21,000.00 (42,000.00)
9 21,000.00 (21,000.00)
10 21,000.00 -
11 21,000.00 21,000.00
12 21,000.00 42,000.00
By end of year 10, total inflows are exactly equal the initial investment, therefore it will take them 10 years
Answer:
interest payable 66,000
note payable 384,000
Land 325,000
Gain on disposal 125,000
Explanation:
600,000 x 11% = 66,000 interest payable
the land is being used to settle the note along with the accrued interest at the time:
the accounting of Transit developments record the land at cost: 325,000
as the market valuye is 450,000 so a gain for 125,000 will be recognize.
450,000 market value - 66,000 interest payable: 384,000 payment on the note principal
the entry will write-off the interest payable, decrease the note by that amount and recognize the land gain on disposal
Answer:
The correct answer is: customer relationship management.
Explanation:
Customer Relationship Management (CRM) is a technique by which companies store customers' information in an attempt to identify their buying patterns and to build long-lasting relationships with them. CRM uses Information Technology (IT) software for such studies. Thanks to this system, businesses can provide consumers with products and services that are most likely to satisfy their needs.