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3 years ago

At the end of the week, Jason received a paycheck for $534.59. He recorded all of these transactions in his check register.

Business

1 answer:

padilas [110]3 years ago

4 0

Answer:

Jason did a good job; everything is correct. (we can assume that he rounded the balance to whole dollars).

Explanation:

Since this is not organized and no picture is included, you cannot tell how Jason organized the accounts.

I used an excel spreadsheet to organize the check register because there is not enough room here.

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Eneral Products Inc. is a small clothing designer and manufacturer located in the United States. A vast majority of the company'

ololo11 [35]

Answer: The correct answer is "e. Export strategy".

Explanation: and. Export strategy is the global corporate strategy that best describes General products inc. because In spite of being in the United States and that the majority of its income comes from there, it does not stop focusing the business in Canada, because 10% of the income comes from exports to Canada.

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4 years ago

A borrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. The first two years of the loan

lara31 [8.8K]

Answer:

1003

Explanation:

Given:

Period= 30 years, Loan amount= $200,000,

Payments- Monthly,

Teaser rate for first 2 years = 4%,

Annual payment cap=5%, Composite rate on reset date= 6%

Annual rate for 2 years =4%

Monthly rate will be 4/12 = 0.3333% = 0.003333

n=30years=360 months

Monthly payment for first 2 years = $Pr(1+r)^n/((1+r)^n-1)$

= $200000\times0.0033\times1.033^{360}/(1.033^{360}-1)$

= 954.83

or by Excel function = PMT(0.003333,360,200000,0) = 954.83

Loan balance after 2 years = PV(0.003333,336,-954.83,0) = 192,812.36 or

Balance= $A(1+r)^n-PMT\times(1+r)^n-1)/i$

= $200000(1.0033)^{24}-954.83(1+0.003333)^{24}-1)/0.003333$

= 192,812.36

Composite rate is 6% but payment is capped at 5%. So new payment from year 3 is 954.83×1.05=1002.57=1003

6 0

3 years ago

You interview with an athletic footwear manufacturer that has annual advertising expenditures of $32 million and total sales rev

son4ous [18]

Answer:

elastic.

Explanation:

The advertising elasticity of demand measures how sensitive a market and sales are to marketing expenses. Advertising elasticity is calculated by dividing the change in quantity demanded by the percentage change in advertising expenses. Generally products with low advertising elasticity tend to have elastic demands.

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3 years ago

If Congress ends an investment tax credit that used to subsidize domestic investment, how would this affect the market for loana

marin [14]

Answer: Demand will fall, Interest rates will fall

Explanation:

The investment tax credit would have encouraged more companies to seek loanable funds in order to embark on investment opportunities because they would be taxed less. This increase in demand in the market for loanable funds would have led to rates rising to keep up with demand.

If Congress were to end this credit, the incentive to invest and avoid tax would be gone. Companies would therefore demand less loanable funds and with this drop in demand there will be a drop in interest rates as well to entice people to borrow at the lower rates.

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3 years ago

Leno Company sells goods to the Fallon Company for $10,000. It offers credit terms of 2/10, n/30. If Fallon Company pays the i

Zinaida [17]

Answer:

Leno Company will record a debit to Cash in the amount of: D. $9,800

Explanation:

The terms of 2/10, n/30 means 2% discount for the payment within 10 days and the full amount to be paid within 30 days.

Fallon Company pays the invoice within the discount period - early enough to receive a 2% discount. The discount amount is 2% x $10,000 = $200.

On the other hand, Leno Company has to offer a 2% discount to Fallon Company. Cash amount Leno Company receives = $10,000 - 2% x $10,000 = $9,800

Leno Company will record a debit to Cash in the amount of $9,800

6 0

3 years ago