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Y_Kistochka [10]
3 years ago
8

You owe $5,000 on your credit card and you can pay the following monthly payments:

Business
1 answer:
nordsb [41]3 years ago
6 0

Answer:

C. Yes, this cash flow will pay off the credit card with $23.75 remaining.

Explanation:

Calculation for how much will be enough to pay off your credit card

First step will be to use financial calculator to find the Net Present Value (NPV) of the payment amount from 1 month which is 500 to 8 month which is 850.

Hence,

NPV=$5,023.75

Now let calculate how much will be enough to pay off your credit card

Credit card pay off Amount =$5,023.75-$5,000

Credit card pay off Amount=$23.75

Therefore YES it will be enough to pay off the credit card and the amount that will be enough to pay off your credit card will be $23.75.

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svetlana [45]
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8 0
3 years ago
An analysis of stockholders' equity of Hahn Corporation as of January 1, 2010, is as follows:
charle [14.2K]

Answer:

Additional paid-in capital is $904,200

Explanation:

Number of shares, issued and outstanding = 93,000 shares

Acquired 2,460 shares of its stock for $75,000.

Sold 2,000 treasury shares at $35 per share.

Sold the remaining 460 treasury shares at $20 per share.

i) Acquired 2,460 shares of its stock for $75,000.

= Treasury Stock Dr $75,000

ii) Sold 2,000 treasury shares at $35 per share.

Treasury Stock (2,000 × $35) = Dr $70,000

iii) Sold the remaining treasury shares at $20 per share.

Treasury Stock (460 × $20) = Dr $9,200

Total Treasury Stock = $75,000 - $70,000 - $9,200

= ($4,200)

Paid in Cap-tresury stock= 10,000-5000=5000

Additional Paid in capital = Paid in Capital - treasury stock

= 900,000 + 4,200 = $904,200

6 0
3 years ago
A company determined that the budgeted cost of producing a product is $30 per unit. On June 1, there were 80,000 units on hand,
Alla [95]

Answer:

$10,200,000.

Explanation:

End inventory + Sales - Begin inventory = # of units that need to be produced

# of units that need to be produced @  $30 per = Your answer

4 0
3 years ago
Badgersize Company has the following information for its Forming Department for the month of August.
sergiy2304 [10]

Question Completion:

Costs incurred in August:

Direct materials $154,000

Conversion costs $264,000

Answer:

Badgersize Company

                                          Materials      Conversion

a. Equivalent units              74,000          69,500

b. Cost per equivalent unit $3.162          $4.144

Explanation:

a) Data and Calculations:

                                            Units      Materials      Conversion      Total

Beginning WIP inventory   20,000       100%              20%

Units started  August        54,000

Total units available          74,000

Transferred out                 59,000

Ending WIP inventory        15,000       100%                70%

Cost of beginning WIP                     $80,000          $24,000       $104,000

Costs incurred in August                 154,000          264,000          418,000

Total production costs                  $234,000        $288,000      $522,000

Equivalent unit             Units      Materials      Conversion

Units transferred out  59,000     59,000          59,000

Ending WIP inventory  15,000      15,000           10,500

Equivalent units                            74,000          69,500

Cost per equivalent unit

Total production costs           $234,000      $288,000

Equivalent units                          74,000          69,500

Cost per equivalent unit         $3.162              $4.144

8 0
3 years ago
A grant to an inventor to make, use, or sell an invention is called
olya-2409 [2.1K]
A permit gives authorization to allow someone to do something.

A license allows the use of something or to allow an activity.

A loan is to borrow (money or property)

A patent is the right granted by government to an inventor to sell, manufacture, or use an invention for a certain number of years.

Which means the answer would be D. Patent
3 0
3 years ago
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