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aksik [14]
3 years ago
15

Katie's Dinor spent $113,800 to refurbish its current facility. The firm borrowed 65 percent of the refurbishment cost at 6.82 p

ercent interest for six years. What is the amount of each monthly payment?
Business
1 answer:
Oksana_A [137]3 years ago
8 0

Answer:

The amount of each monthly payment is $1,254.72.

Explanation:

Amount Borrowed = 65% ×$113,800 = $73,970

Annual Interest = 6.82%

Monthly Interest Rate = 6.82% / 12 = 0.5683%  

Number of Payments = 12 * 6 = 72

Let $X be the monthly payment.

$73,970 = $X×PVIFA(0.5683%, 72)

73,970 = X×(1-(1/1.005683)^72)/0.005683

73,970 = X×58.9535

X = $1,254.72

Therefore, the amount of each monthly payment is $1,254.72.

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When a company brings capital and/or technology to a host country, the host country benefits from the Group of answer choices re
mafiozo [28]

Answer:

resource-transfer effect of FDI.

Explanation:

  • The company that brings a capital and a technology to the host country in order to benefit from it is and this company acts as a resource transfer for the place of the origin to destination.
  • Hence this resource as technology acts a Foreign direct investment and this transfer is essential as it beings investments and bridges the gap and helps balance the economy and maintains a good trade relations.
5 0
4 years ago
This Venn diagram compares two career pathways in the Marketing, Sales, and Service career cluster.
notka56 [123]

Answer:

C

Explanation:

7 0
3 years ago
Read 2 more answers
jennifer owns a state public purpose bond. she sells the bond and realizes a capital gain of $4,000. prior to selling the bond,
Mrrafil [7]

$4099 is the amount, Jennifer must include in her gross income for federal income tax purposes.

<h3>What is the difference between income and gross income?</h3>

The amount of money earned in a fiscal year before taxes are referred to as annual gross income. The sum of cash you earn in a fiscal year after certain deductions is your annual net income.

Given

Capital Gain = $4000

Interest earned = $99

Required to calculate Gross income for tax purposes =?

Gross income for tax purpose = $4000 + $99 = $4099

Employee's gross pay is what they earn before taxes, benefits, and other payroll deductions are deducted from their pay. Net pay, also known as take-home pay, is the amount left over after all withholdings are deducted. Their gross income for Jennifer includes capital gain and interest she earned on it.

Learn more about gross income here:

brainly.com/question/26479727

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3 0
2 years ago
According to Shaw and Barry, companies clearly have what kind of obligation to provide a work environment in which employees are
MariettaO [177]

Answer:

Moral obligation

Explanation:

Moral obligation -

it refers to the obligation , that are due to the activity being right or wrong , is referred to as moral obligations.

It is due to activity being injustice or unfair , in term of any activity .

These obligations are present in any company , society and organisation , to help people from any type of unfair practice or harassment .

Hence , from the given information of the question,

The correct term is moral obligation .

5 0
3 years ago
The primary objective of financial reporting is to provide information:___________.
zimovet [89]

Answer:

b. Useful to capital providers.

Explanation:

Financial reporting can be defined as the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.

The objective of financial reporting include all of the following to provide information that:

1. Is useful to those making investment decisions. This information would help creditors to determine whether they should lend to a client or not; or assist investors in deciding whether they should invest in a business or not.

2. Is useful to those lending out money to business entities. When investors and creditors are well furnished with financial information about an organization, they would be able to assess the amounts of cash, timing, and uncertainty of cash flows from dividends or interest.

3. Is useful to creditors in making decisions about providing resources to business entities.

<em>Hence, the primary objective of financial reporting is to provide information useful to capital providers.</em>

Additionally, financial accounting standards board (FASB) is a private, non-profit organization saddled with the responsibility of establishing and maintaining financial accounting and reporting standards for general guidance of individuals or capital providers such as investors, issuers and auditors.

6 0
4 years ago
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