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Naddik [55]
3 years ago
12

Assuming a 360-day year, when a $49,200, 90-day, 6% interest-bearing note payable matures, the total payment will be ______ .

Business
1 answer:
kow [346]3 years ago
5 0

Answer:

b. $49,938

Explanation:

The computation of the total payment is shown below:

Total payment is

= Principal + interest amount

where,

The Principal is $49,200

And, the interest is

= $49200 × 6% × 90 days ÷ 360 days  

= $738

Now

Total payment is

= $49,200 + $738

=  $49,938

hence, the correct option is b. $49,938

The same is to be considered

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yanalaym [24]

Answer:

The Legume Division's net operating income last year was d. $45,000

Explanation:

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From the formula,

Operating assets = Total Sales/Turnover (on operating assets) = $900,000/3 = $300,000

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3 years ago
Assume that you and your best friend each have $1,000 to invest. You invest your money in a fund that pays 10% per year compound
marishachu [46]

Answer:

correct answer is c. You both have the same amount of money

Explanation:

given data

invest = $1000

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pay simple interest = 10%

time = 1 year

solution

we get here difference in the total amount that is your friend money -  your money  .................1

so difference in the total amount = invest × (1+rate)^{time} - [ invest + ( invest  × rate × time) ] ......................2

put here value

difference in the total amount = $1000 × (1+0.10)^{1} - [$1000 +  ( 1000  × 10% × 1) ]

difference in the total amount = 0

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