Answer:
4.88 years
other methods should be used because payback method does not account for the time value of money
Explanation:
Answer:
Product line Pricing
Explanation:
The reason is that when the manufacturer produces a number of quality range products and price them accordingly. This means that the customer who has different level of purchasing power can fulfill his needs and wants accordingly. So producing a single product limits the satisfying of needs and wants of small customer segment whereas producing multiple product range helps in targeting a range of customer segments. The different prices of tablets charged here for different products actually reflects the prices of the products.
<span>The principal amount is $12,500. From the above statement the interest for two months is $220. And the annual interest is 1320. This is 10.56% of the principal amount. So the rate of interest in 10.56</span>
Answer:
a.
August 7
b.
$12,360
c.
Dr. Cash $12,360
Cr. Interest Income $360
Cr. Note receivable $12,000
Explanation:
Note Receivable is promise in writing to receive a sum of money in future. The money normally consists of Principal and interest.
In this question a note of $120,000 is received from the customer which will mature after 120 days and offer 9% interest on it.
Principal = $12,000
a.
Due date = April 9 + 120 days = August 7
b.
Maturity Value = Principal x ( ( 1 + interest rate ) x time period )
Maturity Value = $12,000 x ( 1 + (9% x 120/360 ) ) = $12,360
c.
Interest Income = $12,360 - $12,000 = $360
Hey there!
In the case of Florida (it might be different depending on the state that you live in, so please look this up on your own!), if you get 12 points within 12 months, your license will get suspended for 30 days. The most common reasons for receiving points include speeding (3 to 6 points, depending on severity), child safety restraint violations (3 points), reckless driving (4 points), and littering (3 points).
Hope this helped you out! :-)
