Congress has the power to create special courts. True False

Pie Co. uses the installment sales method to recognize revenue. Customers pay the installment notes in 24 equal monthly amounts,

Nataliya [291]

Answer:

C. The present value of the remaining monthly payments discounted at 12%.

Explanation:

To answer the question I have used following values to workout

Original Sales Value = 500,000

Interest rate = 12%

Numbers of periods = 24

First I calculate the Equal annual installment payment by using following excel formula

=PMT(rate,nper,pv,[fv],[type])

Where

PMT = Equal Annual Payment

rate = Interst rate = 12%/12 = 1%

nper = Tota numbers of payment = 24 payments

pv = oroginal sales value = 500,000

FV = Value outstanding after 24 payments = 0

Type = The payment made at the start or end of the year ( 0 for the payment made at the end of the period and 1 for the payment made at the beginning of the period ) = 0

placing values in the formula

=PMT(1%,24,50,000,0,0)

= $23,536.74

Now use these values to make the schedule which is attached with this answer.

After six Payment

Outstanding value = 385,961.72

Original sales price = 500,000

Percentage of outstanding balance to original sales value = 385,961.72 / 500,000 = 0.77 = 77%

The reamining balance is above 75% of the original sales price.

Note:

A payment schedule is attached for reference

Download pdf

3 0

3 years ago

In some games, one player or firm moves first and commits to a strategy to which the rival player or firm will subsequently resp

Leni [432]

Answer:

C. sequential games.

Explanation:

Game theory is the learning of analytical types of mediation, ambivalence, and interaction between people, corporations, and governments. In-game theory, a sequential game means any game where an individual contestant picks their move before rest of the performers pick theirs. Importantly, the following performer's necessity has fascinating erudition regarding the first's selection, contrarily, the variation in period would have no strategic effect.

8 0

3 years ago

As the price level rises, the purchasing power of households' real wealth will , causing the quantity of output demanded to . Th

andreyandreev [35.5K]

Answer:

As the price level rises, the purchasing power of households' real wealth will fall, causing the quantity of output demand to fall. This phenomenon is known as the wealth effect.

Additionally, as the price level rises, the impact on the domestic interest rate will cause the real value of the dollar to rise in foreign exchange markets. The number of domestic products purchased by foreign (exports) will therefore fall, and the number of foreign products purchases by domestic consumers and firms(imports) will rise.

Net exports will therefore fall, causing the quantity of domestic output demanded to fall. This phenomenon is known as the exchange rate effect.

6 0

2 years ago

On January 1 of the current year, Jimmy's Sandwich Company reported total stockholders’ equity of $125,000. During the current y

Lady bird [3.3K]

Answer: ($13,000)

Explanation:

Closing balance of Equity = Opening Balance + Retained earnings

Retained earnings = Net Income - dividends

Formula above shows that equity changes as a result of Retained earnings which is the net of Net Income and Dividends.

Change in equity will be = Net Income - Dividends

= (100,000 - 89,500) - 24,000

= -$13,500

Equity reduces by $13,500

7 0

2 years ago

Despite recent pressure from stockholders to increase profits, World Extraction Corp., a global petroleum organization, has main

Harrizon [31]

Answer:

The answer is True.

Explanation:

From the description, it seems that World Extraction Corp is behaving in a socially responsible way – even though its stakeholders might not have the same view. Though in the long run, a company which behaves in socially responsible manner might accumulate enough goodwill from the society around it to be perceived with a good reputation, stakeholders who do not fit the company’s vision might end up being detrimental to the company’s business.

7 0

2 years ago