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3 years ago

if you want to determine the equal annual end of year payments necessary to amortize fully $6,000,10%loan over 4 years

Business

1 answer:

Oduvanchick [21]3 years ago

5 0

Answer:

$2,400.

Explanation:

$6,000×10%4years
100
$60×10×4
$600×4
$2,400.

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Bonita Industries began the year by issuing $75500 of common stock for cash. The company recorded revenues of $772000, expenses

Alex

Answer:

net income = $106,000

Explanation:

net income = total revenues - total expenses = $772,000 - $666,000 = $106,000

Any additional capital raised will increase the company's cash flows (financing activity) and any dividends distributed will decrease them (another financing activity), but they do not affect the company's net income.

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3 years ago

Under SEC rules, filing of the Form 144, required when selling restricted stock, is the responsibility of the:________. A. issue

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4 years ago

You are considering a new product launch. The project will cost $2,200,000, have a four-year life, and have no salvage value; de

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Answer:

break-even level of output for this project (ignoring taxes)? (2 decimal places)

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3 years ago

Which document should a job seeker send with a résumé to a potential employer?

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Answer:

c). cover letter

Explanation:

A cover letter is a formal letter or document that a job seeker sends to a potential employer together with a resume. The letter details the positions that the vacant applicant seeks to fill. The cover letter or job application letter accords the applicant the opportunity to market themselves to the employer.

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3 years ago

Read 2 more answers

The University Store, Inc. is the major bookseller for four nearby colleges. An income statement for the first quarter of the ye

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Answer: $30,000

Explanation:

Sales are $800,000 and the average price is $40. Number of units sold is;

= 800,000/40

= 20,000 units

Sales $ 800,000

Less: Cost of Goods Sold ($560,000)

Gross Margin $240,000

Less : Variable Costing

Selling Expenses (20,000 units X $3.00) ($60,000)

Administrative Expenses (5% of $ 800,000) ($40,000)

Contribution Margin $140,000

Less: Fixed Cost

Selling Expenses ($100,000 - $60,000) ($40,000)

Administrative Expenses ($110,000 -$40,000) ($70,000)

Net Operating Income  $30,000

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3 years ago

if you want to determine the equal annual end of year payments necessary to amortize fully $6,000,10%loan over 4 years​

if you want to determine the equal annual end of year payments necessary to amortize fully $6,000,10%loan over 4 years