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ivann1987 [24]
3 years ago
9

On July 8, Action Co. issued a $70,000, 6%, 120-day note payable to Scanlon Co. Assuming a 360-day year, what information is nee

ded to calculate the maturity value of the note?
Business
1 answer:
vlabodo [156]3 years ago
8 0

Answer: c. The face value ($70,000), interest rate (6%), and term (120 days) are needed to calculate the maturity value of the note.

Explanation:

The Maturity Value of the note payable will be the Total Amount at the end of 120 days. This amount would be the face value of the Note plus the interest that would have accrued over these 120 days.

Maturity Value = Face Value + ( Face Value * interest rate * term)

= 70,000 + ( 70,000 * 0.06 * 120/360)

= 70,000 + 1,400

= $71,400

Option C is correct.

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Answer:

option A

Explanation:

correct answer is option A

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Market sensing is one of the biggest tool for any company to succeed in future because if company know the future demand he can act according to it.

8 0
3 years ago
Adaptive selling and consultative selling are the two common types of the Blank______ presentation format.
Citrus2011 [14]

Adaptive selling and consultative selling are the two common types of the need-satisfaction presentation format.

<h3>What is adaptive selling and consultative selling?</h3>

Every person is unique, as are the circumstances surrounding the sale of any product. A selling technique that is used according to the situation that is all customized by involving or adapting to the customer's communication style is known as adaptive selling.

In the consultative selling technique, the focus of the salesman is not on the number of products that are being sold out. The main focus is on the availability of solutions that are tailored to the customer's needs. In this type of selling, a salesman learns more about a customer's needs in a better and more effective way.

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7 0
2 years ago
Project A requires a $280,000 initial investment for new machinery with a five-year life and a salvage value of $30,000. The com
solong [7]

Answer:

4 years

Explanation:

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Initial Investment = $280,000

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To calculate the net cash flows add bask the depreciation expense in Net income each year.

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Payback period = Initial Investment / yearly cash flow = $280,000 / $70,000 = 4 years

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3 years ago
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5 0
3 years ago
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bearhunter [10]

Answer:     less

Explanation:

i don´t know for real sorry ;(

4 0
3 years ago
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