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finlep [7]
3 years ago
14

An installment note payable for a principal amount of $94,000 at 6% interest requires Lawson Company to repay the principal and

interest in equal annual payments of $22,315 beginning December 31, of the first year, for each of the next five years. After the final payment, the carrying amount on the note will be a.$22,315 b.$21,053 c.$1 d.$1,263
Business
1 answer:
elixir [45]3 years ago
6 0

Answer:

$ 0

Explanation:

Year Opening balance Interest Repayment Closing balance

1              94000           5640    22315            77325

2              77325           4640    22315            59650

3              59650            3579    22315            40913

4              40913             2455    22315             21053

5               21053            1262     22315                0

hence, after final payment the carrying amount is $ 0

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Suppose that you are a buyer. your buyer value is $30 and you buy a book for $40. what is your gain or loss?
Serjik [45]
The buyer value is a concept that is more important to the customers. This refers to the amount that the buyers are expecting out of the purchase of some goods. If I bought a book at a price of $40 then, I loss $10 in the process because as a buyer I expect to pay only $30. 
4 0
3 years ago
0. Westcomb, Inc. had equity of $150,000 at the beginning of the year. At the end of the year, the company had total assets of $
Nadusha1986 [10]

Answer:

18.24

Explanation:

Sustainable growth rate is the rate of growth a company can afford in the long term

sustainable growth rate = retention rate x ROE  

b = retention rate. It is the portion of earnings that is not paid out as dividends

Retention rate = 1 - payout ratio =

payout ratio = dividend / net income

retention rate = 1 - $44,640 / 72,000 = 0.38

Return on equity = net income / average total equity

= 72,000 / 150,000 = 0.48

g = 0.48 x 0.38 = 18.24%

3 0
3 years ago
On February 1, a seller paid $1,140 in annual property tax for the current calendar year. He sold the house with the closing set
Vera_Pavlovna [14]

<u>Given:</u>

Annual property tax = $1,140

Number of days = 91

<u>To find:</u>

Seller's credit for property tax

<u>Solution:</u>

The following is the calculation of the seller credit for property taxes,

\text{Seller credit for property taxes} = \text{Total tax}\times \frac{\text{Number of days}}{360}

On plugging-in the values we get,

\text{Seller credit for property taxes} = \$1,140\times\frac{91}{360}

\Rightarrow \$1,140\times0.25278 = \$288

Therefore, the seller's credit for property taxes is $288.

6 0
4 years ago
What is the most important source of money for new business start-ups? banks the small business administration personal resource
Schach [20]
The best and most correct answer among the choices provided by the question is the first choice, bank.

Bank would be recommended if you start a new business.
Hope my answer would be a great help for you.    If you have more questions feel free to ask here at Brainly.

6 0
4 years ago
Many people in Rhenasia are spending less as there are only few good-paying jobs in the country. Many businesses in the country
scZoUnD [109]

Answer: Economy of the country.

Explanation:

The environmental characteristics affecting businesses in Rhenasia is the negative economy of the country. The country of Rhenasia is facing a recession in their economy, this has directly led to a drop in sale of businesses across the country.

4 0
3 years ago
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