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mario62 [17]
3 years ago
10

On December 31, 2017, Oakbrook Inc. rendered services to Beghun Corporation at an agreed price of $102,049, accepting $40,000 do

wn and agreeing to accept the balance in four equal installments of $20,000 receivable each December 31. An assumed interest rate of 11% is imputed. Prepare an amortization schedule. Assume that the effective-interest method is used for amortization purposes.

Business
1 answer:
galben [10]3 years ago
6 0

Answer:

Loan Amortization Table is attached with this answer, please find it

Explanation:

First of all we calculate the Loan Payment per period

Loan Payment per year = r ( PV ) / 1 - ( 1 + r )^-n

Loan Payment per year = 0.11 ( (102,049 - 40,000 ) / 1 - ( 1 + 0.11 )^-4

Loan Payment per year = $6,825.39 / 0.341269 = 20,000 per year

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Which of the following has the elements of the supply chain in the correct order?
irina1246 [14]

I believe the answer would be C because first we gather materials like cotton strings ect, then we produce it and make something out of cotton and strings ect, and then we distribute it to retail to get sold and earn money. Hope this helps!

6 0
3 years ago
"XYZ Corporation announces a 10% stock dividend, followed by a 5% "spin off" of a subsidiary business. A customer who owns 200 s
Deffense [45]

Answer:

20 shares of XYZ and 11 shares of the spin-off

Explanation:

The 20 shares of XYS comes from

= 200 shares × 10%

= 20 shares-

So, the total number of shares now is

= 200 shares + 20 shares

= 220 shares

And there is 5% spin off

So, the number of shares contains spin off is

= 220 shares × 5%

= 11 shares

This represents the separate company

hence, there is 20 shares of XYZ and 11 shares of the spin-off

3 0
3 years ago
The Madden Company uses a process costing system. During September the mixing department transferred out 65,000 units. The Septe
iren [92.7K]

Answer:

Total balance in the work-in-process inventory account on September 30th was  $ 121000 + $ 110825= $ 231825

Explanation:

Cost per equivalent unit for material = $ 5.50

Equivalent units of materials = 22,000

Cost of Materials = $ 121,000

Cost per equivalent unit for labor and overhead = $ 5.50

Equivalent units of materials = 20,150

Cost of labor and FOH = $ 110825

Total balance in the work-in-process inventory account on September 30th was = Material + Labor + OH=  $ 121000 + $ 110825= $ 231825

5 0
3 years ago
In 2019, selected automobiles had an average cost of $12,000. the average cost of those same automobiles is now $13,200. what wa
maksim [4K]

The rate of increase for these automobiles between the two time periods is  10%

<h3>What is automobiles?</h3>

Automobile is the wheeled vehicle usually having four wheels and generally used for the transportation purposes. For example :- car, buses, trucks, bike etc.

In the above case, the average cost of the automobile is $12000 in 2009 but now it has increased to $ 13200. For the calculation of the increased rate of the auto mobile following formula is used as follows:-

Increased rate = (current value -Initial value )/current value * 100

                         =( $13,200 -  $12,000)/  $12,000 *100

                          =$1200/ 12000 *100

                          = 10%

                           

Therefore, the rate of the increase for these automobile between 2 periods is 10%.

Learn more about increase rate here:

brainly.com/question/20820218

#SPJ1

5 0
2 years ago
The horizontal line at the world price of tricycles represents the
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The Horizontal line would represent the price of the tricycles, whereas the vertical axis would represent the number of tricycles sold.
4 0
3 years ago
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