<span>Approximately 150 words.</span>
Answer:
$414,000
Explanation:
Calculation of balance of cash account:
Issuance of capital stock to the $648,000
owners of the corporation
Cash down payment for purchase ($170,000)
a piece of lane
Cash payment on the note payable <u>($64,000)</u>
from the purchase of land
Balance in the Cash account $414,000
at the end of May
I believe that in such a situation, the thing you should do is say: Mrs. Wilson can't be contacted now, but I will give her your name and number as soon as possible.
That way you won't interrupt your boss, and you will give a polite answer to the person calling.
Answer:
B. 8 lawns per day.
Explanation:
As seen in the graph below, The AVC and ATC curves intersect the MC curve at the minimum of the MC curve. The marginal cost curve intersects the AVC curve to the right of the minimum of the AVC curve. It also intersects the ATC curve to the right of the minimum of the ATC curve. At first, marginal cost decreases with additional output, but then it increases with additional output. The firm’s profit-maximizing level of output will occur where MR = MC (or at a level close to that point).
Therefore, from the graph; at $16 per lawn, the maximum profit = 8 lawns per day.
Answer:
The required quarterly payment is $52,096
Explanation:
According to the given data we have the following:
Principal=$2,000,000×0.90=$1,800,000
I=8.1%/4=2.025%
N=15×4=60
Therefore, in order to calculate the required quarterly payment we would have to use the following formula:
quarterly payment=<u>$1,800,000</u><u>×2.025%</u>
1-(1+2.025%)∧-60
=$52,096
