Answers: i*r*t = 2000*1*4%=80
2000+80=
$2080.00
Answer:
4) has a fixed number of payments in equal amounts
Explanation:
1) the term is much longer than other loans
FALSE, installment loans can be short or long, the term refers to periodic payments.
2) lower interest rates are charged to borrowers
FALSE, interest rates vary depending on the customer and the purpose of the loan, they can be higher or lower.
3) is technically an unsecured loan
FALSE, they can be secured or unsecured loans, there is no one size fits all rule
Answer:
B) $125,000
Explanation:
Price discrimination strategy refers to charging each customer the maximum amount of money he/she is willing to pay for a product.
In this case, the concert promoters should charge $150 per ticket to 1,000 die hard fans = $150,000 in revenue.
Then it should charge only $50 per ticket to 500 casual fans = $25,000 in revenue.
Total revenue = $150,000 + $25,000 = $175,000
<u>minus total costs = ($50,000) </u>
Net income = $125,000
On the statement of cash flows, cash inflows and outflows involving creditors and stockholders are categorized as financing activities.
In the cash flow statement, the cash flow between a company's owners and creditors is referred to as financing operations. The actions involve the issuance and sale of shares, the payment of cash dividends, and the addition of loans.
Transactions between a firm and its lenders and owners to obtain or repay resources are referred to as financing operations. In other words, financial operations finance the business, pay back loans, and give owners a profit. Offering and buying back shares are examples of financing activity.
Receiving cash through stock issuances or spending cash to repurchase shares are two examples of frequent cash flow items resulting from a company's financing operations. receiving money as a result of issuing or paying off debt. dividends to shareholders in cash.
To learn more about financing activities
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The two methods of accounting for uncollectible receivables are the direct method and the <u>allowance</u> method.
The Financial Accounting Reserve Method refers to the bad debt process in which the estimated bad debt expense is recorded in the same accounting period as the sale. The provisioning method is used to adjust the value of accounts receivable shown on the balance sheet.
The direct depreciation method requires two separate postings to write off the irrecoverable account. Recognizing credit losses using the provisioning method reduces journal entries for recognizing certain charge-offs. Doubtful invoice deductions.
Under the allowance method, companies estimate the number of bad debts as a percentage of credit sales. Then apply that percentage to your credit sales when you get your revenue. Value adjustments correspond to income.
Disclaimer: Learn more about the allowance method here
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