1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
maksim [4K]
3 years ago
5

One of your customers is delinquent on his accounts payable balance. you've mutually agreed to a repayment schedule of $630 per

month. you will charge 1.03 percent per month interest on the overdue balance. if the current balance is $14,850, how long will it take for the account to be paid off? (do not round intermediate calculations and round your answer to 2 decimal places,
e.g., 32.16.) number of months
Business
1 answer:
larisa [96]3 years ago
5 0

Answer:

27.14  months

Explanation:

to calculate how long it will take to pay the loan, we can use an excel spreadsheet and the NPER function:

=NPER(rate,payment,-loan)

  • payment = 630
  • rate = 1.03
  • loan balance = 14,850

=NPER(1.03%,630,14850) = 27.14  months

You might be interested in
How did great britain enforce the payment of taxes.
andrew-mc [135]

Answer:

<em>King </em><em>George</em><em> </em><em>lll </em><em>sent </em><em>British </em><em>soldiers</em><em> </em><em>to </em><em>the </em><em>colonies</em><em> </em><em>to </em><em>enforce</em><em> </em><em>payment</em><em> </em><em>of </em><em>taxes,</em><em> </em><em>because</em><em> </em><em>colonist</em><em> </em><em>sometimes</em><em> </em><em>smuggled </em><em>goods </em><em>into </em><em>colonies</em><em> </em><em>to </em><em>avoid</em><em> </em><em>paying</em><em> taxes</em><em>.</em><em> </em><em>.</em><em>.</em><em>.</em><em> </em><em>The </em><em>items </em><em>were </em><em>marked </em><em>with </em><em>a </em><em>stamp </em><em>to </em><em>show </em><em>the </em><em>tax </em><em>was </em><em>paid.</em>

4 0
2 years ago
The corporate charter of Martin Corporation allows the issuance of a maximum of 4,000,000 shares of $1 par value common stock. D
Mrrafil [7]

The question is incomplete. Here is the complete question

The corporate charter of Martin Corporation allows the issuance of a maximum of 4,000,000 shares of $1 par value common stock. During its first three years of operation, Martin issued 3,200,000 shares at $15 per share. It later acquired 30,000 of these shares as treasury stock for $25 per share. Based on the above information, answer the following questions:

a. How many shares authorized?

b. How many shares were issued?

c. How many shares are outstanding?

d. What is the balance of the Common Stock account?

e. What is the balance of the Treasury Stock account?

Answer:

(a) 4,000,000 shares

(b) 3,200,000 shares

(c) 3,170,000 shares

(d) $3,200,000

(e) $750,000

Explanation:

(A) Number of shares that was authorized is 4,000,000

(B) Number of shares that was issued is 3,200,000

(C) The number of shares outstanding can be calculated as follows

= number of shares issued-acquired shares in the treasury stock

= 3,200,000-30,000

= 3,170,000

(D) The balance of common stock account can be calculated as follows

= number of shares that was issued-per value

= 3,200,000×$1

= $3,200,000

(E) The balance of the treasury stock account can be calculated as follows

= acquired shares in the treasury stock×price per share

= 30,000×$25

= $750,000

6 0
3 years ago
Organizations typically rely on __________ schedules, such as hourly wages and annual reviews and raises.
frutty [35]

Organizations typically rely on fixed interval and fixed ratio schedules, such as hourly wages and annual reviews and raises. A fixed interval schedule is when an employer gives an employee a raise or reward after a set amount of time has passed. A fixed ratio schedule is when there is a reinforcement after a certain number of responses has happened.

3 0
3 years ago
Experience indicates that strategic alliances Group of answer choices work best when they are aimed at achieving a mutually bene
nikdorinn [45]

Answer: Stand a reasonable chance of helping a company reduce competitive disadvantage but very rarely form the basis of a durable competitive advantage over rivals

Explanation:

Strategic alliance occurs when two or more companies join hands together in order to achieve strategic outcome that's mutually beneficial to the parties involved.

It should be noted that companies to into Strategic alliance in order to improve market access, improve supply chain efficiency and to also gain economies of scale.

Lastly, it should be noted that strategic alliances stand a reasonable chance of helping a company reduce competitive disadvantage but very rarely form the basis of a durable competitive advantage over rivals.

3 0
3 years ago
As manager of Kids Skids, Meghan wants to develop her relationship management skills. In order to do this, she learns how to
larisa86 [58]

As manager of Kids Skids, Meghan wants to develop her relationship management skills. In order to do this, she learns how to communicate better with other people, learn about different learning styles, understand diversity and how it pertains to relationship building. By learning skills and focusing on how her communication skills very based on different people are, she is likely to become a better leader. When Meghan understands how to be an effective leader and use her management skills, she will have a better flow in the workplace.

3 0
3 years ago
Other questions:
  • Broker Al offers all his agents the ability to sell their own homes without any commission owed the brokerage. In what part of t
    5·1 answer
  • A__________ gap exists when a firm knows what it needs to do to meet customers' service expectations but sometimes fails to do i
    15·1 answer
  • 9 labels or advertisements for products which use circles in their name or logo
    14·1 answer
  • What are employers required to provide on all motor vehicles
    10·2 answers
  • Why are the three separate occupations of plumbers, pipefitters, and steamfitters grouped together by the Department of Labor?
    6·1 answer
  • The first electronic stock market is known as
    6·1 answer
  • Susmel Inc. is considering a project that has the following cash flow data. What is the project's payback? Year 0 1 2 3 Cash flo
    8·1 answer
  • Guay Corp., a start-up company, provided services that were acceptable to its customers and billed those customers for $400,000
    15·1 answer
  • Northrup-Grumman Corporation is expected to pay $1.25 per share for its next dividend. If shares are trading at $27.22 and analy
    10·1 answer
  • to prepare for a career in business communication, you need to become competent in which areas? (choose every correct answer.)
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!