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3 years ago

In each succeeding payment on an installment note:

Business

1 answer:

Serggg [28]3 years ago

5 0

Answer:

In each succeeding payment on an installment note:

b. The amount that goes to interest expense decreases.

Explanation:

With each installment settled, the principal amount will continue to reduce and as a result, the amount that will be recognized as interest expense will also decrease. This is because the interest expense is calculated based on the principal amount, which is decreasing with each installment. The interest expense for a previous period will not be the same for the future period.

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An investment offers $6,600 per year for 10 years, with the first payment occurring one year from now. If the required return is

Reika [66]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

An investment offers $6,600 per year for 10 years, with the first payment occurring one year from now. The required return is 5 percent.

A) FV= {A*[(1+i)^n-1]}/i

FV= {6600*[(1.05^10)-1]}/0.05= $83,014.09

PV= FV/(1+i)^n= 83,014.09/1.05^10= $50,063.39

B) n=35

FV= {6600*[(1.05^35)-1]}/0.05= $596,114.03

PV= 596,114.03/1.05^35= $108,069.69

C) n=65

FV= {6600*[(1.05^65)-1]}/0.05= $3,014,866.87

PV= 3,014,866.87/ 1.05^65= $126,463.06

D) PV= 6600/0.05= $132,000

3 0

3 years ago

Which type of light is primarily used as a light source in stores?

gregori [183]

Answer:

artificial light

Explanation:

Most stores, no matter the type of the merchandise they sell, use artificial light. Although natural light (sun) is always present, it is not enough to cater to the lighting needs of a business.

They need to showcase their goods in the best manner possible. Due to common building constraints, natural light is never enough, as some corners of the shop will remain shaded.

Businesses use LED or other sorts of artificial lighting in order to make the shopping experience pleasant.

3 0

3 years ago

Read 2 more answers

You have been given the following information for Nicole's Neckties Corp.: Net sales = $2,500,000; Cost of goods sold = $1,300,0

Finger [1]

Answer:

$360,000

Explanation:

Net sales : $2,500,000

Cost of goods sold : ($1,300,000)

Gross profit : $ 1,200,000

Interest expense : ($50,000)

Net profit : $ 1, 150,000

Retained earning: ($30,000)

Dividends paid : ($300,000)

Tax at 40%: =40% * $1,150,000

($460,000)

Depreciation expense : $360,000

6 0

3 years ago

During 2017 sales on account were $390,000 and collections on account were $230,000. also, during 2017 the company wrote off $22

Scilla [17]

Answer:

[(Accounts receivable at the beginning of the year + $138,000) - $144,000] - cash realizable value at the beginning of the year

Explanation: The question is incomplete but just apply the missing figures: [(Accounts receivable at the beginning of the year + Sales on account - Collections on account - write off) - bad debt] - cash realizable value at the beginning of the year

[(Accounts receivable at the beginning of the year + $390,000 - $230,000 - $22,000) - $144,000] - cash realizable value at the beginning of the year

5 0

3 years ago

Read 2 more answers

A market is in long-run equilibrium and firms in this market have identical cost structures. Suppose demand in this market decre

garri49 [273]

Answer:

It will cause Market price to decrease in the short-run.
There will be short-run decrease on Individual firms' profit-maximizing output .

A good number of Firms will exit the market in the long run.
Finally, market quantity will decrease in the long-run.

5 0

3 years ago