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Reika [66]
3 years ago
5

Lesson 7-1 single payment loans

Business
1 answer:
kondaur [170]3 years ago
3 0

Explanation:

The whole principal plus any debt shall be paid by a single payment lender on the same day the lender expires. Instead of multiple instalments, individual interest loans concurrently calculate the full rate.

When should a single payment loan be considered?

If your loan amount of money is high, if you choose a single payment, you will pay a lower interest.

You might, for example, save $12,000 and try to spend $10,000 on shopping like a holiday or a bell. You don't want to deplete your savings because you have a single credit for payment. This can save more money in the future you will pay $10,000 for the loan without dropping the bank account.

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Harlan enterprises manufactures smart phones. currently, harlan has $14,000 in raw materials and $25,000 in finished goods in it
Kitty [74]
Ideally;
Inventory = Cost of raw materials + Cost of finished goods + Cost of work-in-progress

Assuming this ideal case, Harlan's inventory would be;

Inventory = $14,000+$25,000+$18,600 = $57,600

However, if work-in-progress inventory was listed as $0;

Then, the  new work-in-progress would be;
Inventory = 57,600-18,600 = $39,000

This would reduce the inventory for Harlan Enterprises which may affect other financial ratios such as inventory turn-over ratio. As a result, such ratios will not reflect the exact position of the company.
3 0
3 years ago
According to your text, the practices that do most to promote employee engagement are opportunities for career progress, recogni
Amiraneli [1.4K]

Answer: Brand alignment

Explanation:

 The brand alignment is one of the simplest way of development the new products and the services and also makes the marketing strategies more effective in an organization.

According to the given text, the practices are basically promoting the different types of opportunities for the purpose of career progress and also the brand alignment.

The main importance of the brand alignment is that we can easily represent our company brand to the client and also provide the internal consistent in the market.    

 Therefore, Brand alignment is the correct answer.

7 0
3 years ago
Admire County Bank agrees to lend Givens Brick Company $600,000 on January 1. Givens Brick Company signs a $600,000, 8%, 9-month
zheka24 [161]

Answer:

The journal entry which is to be reported on January 1 is shown below:

Explanation:

The journal entry which is to be reported on January 1 for the issuance is as:

On January 1

Cash A/c............................Dr  $600,000

    Notes Payable A/c..........Cr  $600,000

Being the issuance as well as proceeds of the note is recorded

On January 1, the company issues as well as proceeds the note, so, the cash account is debited as the cash is increasing and any increase in asset is debited. Therefore, the cash account is debited. And the note will become payable, which lead to increase in liability and any increase in liability is credited. So, the notes payable is credited

3 0
3 years ago
Corporate strategy helps managers understand which strategy question?.
Harman [31]

The question that corporate strategy helps managers understand is where should firm compete?

<h3>What is corporate strategy?</h3>

It should be noted that corporate strategy simply means a unique plan that helps a firm gain competitive advantage over others.

In this case, the question that corporate strategy helps managers understand is where should firm compete? This is important for the growth of the firm.

Learn more about strategies on:

brainly.com/question/24553900

4 0
2 years ago
Vaughn Manufacturing purchased equipment for $12240 on January 1, 2017. The company expects to use the equipment for 5 years. It
tresset_1 [31]

Answer:

Accumulated Depreciation as on  31st December 2017 is 2448

Explanation:

Depreciation using straightline method=<u>Cost of equipment-salvagevalue</u>

                                                                           useful life of the asset

Depreciation =<u> 12,240-0</u>

                            5years

Depreciation on 31st December 2017 = $2448

<u></u>

<u></u>

<u></u>

3 0
3 years ago
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