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aivan3 [116]
3 years ago
12

Why does an organization prepare a Balance Sheet? A. to reveal what the organization owns and owes at a point in time B. to reve

al how well the company utilizes its cash C. to calculate retained earnings for a given accounting period D. to calculate gross profit for a given accounting period
Business
1 answer:
Airida [17]3 years ago
7 0
Well I belive that the correct answer should be b
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You borrow $8000 to buy a car, at an annual interest rate of 6%. Assume interest is compounded continuously. You make monthly pa
hram777 [196]

Answer:

We should pay $243.3 each month to pay of the loan.

Explanation

The present value of the loan is 8,000, the number of compounding periods are (3*12) =36 because payment is going to be made monthly for 3 years, the future value of the loan is 0 as there will be no lump sum payment at the end of the loan and equal payments each month, the monthly interest rate is 6%/12= 0.5%. We input these 4 values to find the monthly payment.

PV= 8,000

FV=0

N=36

I=0.5

Compute PMT= 243.3

8 0
3 years ago
The PRIMARY function of banks in the United States is to a) print money b) make banking laws c) build homes and businesses d) pr
Jobisdone [24]
Im pretty sure its D.

it sounds right
:)


5 0
2 years ago
Read 2 more answers
At the beginning of this month, the balance of clayton's checking account was $337.55. so far this month, he has received a payc
kupik [55]
The answer is $1034.52 hope i helped
5 0
3 years ago
Read 2 more answers
Devon, an accounts manager at a large electronics firm, does not have any direct international responsibilities; however, Devon
Nonamiya [84]

Answer:

Develop International management skills

Resolve commercial challenges. ...

Explanation:

Devon would most likely benefit from studying international business issues because it will help him:

1. Develop Management Skills: Devon might grow to a management position in an international company without having the required skills and knowledge on how to manage a multi-cultural business environment.

2. Resolve Commercial Challenges: Although Devon does not have international responsibilities, he might be appointed into a team or would be much more valued in the company if he proffers solution to commercial challenges. The ability to do so will be gained with a study in international business.

5 0
3 years ago
As part of his 401(k) retirement plan at work, Ken Lowery invests 6.0 percent of his salary each month in the Capital Investment
Gnesinka [82]

Answer:

The amount of the fee is $1689.60

Explanation:

The computation of the amount of the fee is shown below:

= Dollar value × fund charges a 12b-1 fee

= $211,200 × 0.8%

= $211,200 × 0.008

= $1689.60

Since the question has asked the fee amount so we consider the fee charges percentage, not the capital investment Lifecycle fund. Thus, we ignore the Capital Investments Lifecycle Fund as it is not relevant.

Hence, the amount of the fee is $1689.60

8 0
3 years ago
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