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mel-nik [20]
3 years ago
15

On August​ 14, Park Avenue Bank lent​ $210,000 to City Coffee Shop on a 75​ day, 4% note. What is the maturity value of the​ not

e? ​ (Use a 365minusday year. Do not round intermediate​ calculations, and round your final answer to the nearest​ dollar.)
A. $218,400
B. $211,726
C. $211,750
D. $210,000
Business
1 answer:
Anna007 [38]3 years ago
4 0

Answer:

B

Explanation:

Interest - (principal x time x rate) divided by 100

where time is  expressed in days relative to 365 days in a year and rate expressed as percentage. Principal is the sum lent out

Interest = <u> 210,000 x 75 x 4</u>

                    100 x 365

               = $ 1 726

add the interest to the principal to get the maturity value = 1 726 + 210,000= $211,726

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Micron owns 35% of Martok. Martok pays a total of $47,000 in cash dividends for the period. Micron's entry to record the dividen
creativ13 [48]

Answer:

1. Option (A) is correct.

2. Option (C) is correct.

Explanation:

1. Micron's entry to record the dividend transaction is as follows:

Cash A/c      Dr. $16,450

To Long - Term Investments  $16,450

(In this case, since the holding interest is more than 20%, Equity method is used)

workings:

Dividend = $47,000 × 35%

               = $16,450

2. The entry to record the receipt of dividend would be:

Cash A/c     Dr. $12,000

To Dividend Revenue A/c   $12,000

(To record the receipt of dividend)

Workings:

Dividend = 3,000 shares × $4 per share

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3 years ago
Jamie is 42 years old and received a $20,000 distribution for his roth ira established in 2009. at the time of distribution, the
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You are starting a family pizza parlor and need to buy a motorcycle for delivery orders. You have two models in mind. Model A co
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Equivalent annual costs     $2,389.26   $3,008.47

Data and Calculations:

                                              Model A       Model B

Costs of motorcycle              $8,200        $13,600

Expected years of usage      7 years        9 years

Annual maintenance costs    $760          $740

Cost of capital = 9%

Annuity factor                       5.03295        5.99524

PV of annual maintenance  $3,825.04   $4,436.48

Total NPV of costs             $12,025.04  $18,036.48

Equivalent annual costs   $2,389.26  $3,008.47

                          ($12,025.04/5.03295)  ($18,036.48/5.99524)

Thus, the equivalent annual costs of each model are the dividend of the Total NPV costs divided by the Annuity Factor.

Learn more about the equivalent annual costs (EAC) here: brainly.com/question/25343720

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