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AVprozaik [17]
3 years ago
8

Pharoah Company borrowed $1470000 from U.S. Bank on January 1, 2019 in order to expand its mining capabilities. The 5-year note

required annual payments of $382842 and carried an annual interest rate of 9.5%. What is the amount of expense Pharaoh must recognize on its 2020 income statement
Business
1 answer:
nikklg [1K]3 years ago
6 0

Answer:

$116,546.76  

Explanation:

Loan amount=$1470000

interest expense in 2019=$1470000*9.5%=$139,650  

annual repayment=$382,842

Balance of the loan as the end of 2019=loan amount-annual repayment+interest expense

Balance of the loan as the end of 2019=$1470000-$382,842+$139,650  

balance of the loan as of the end of 2019=$1,226,808  

2020 interest expense=balance as the end of 2019*interest rate

2020 interest expense=$1,226,808 *9.5%

2020 interest expense=$116,546.76  

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Vulcan Materials stock price soared in the days following the election of President Trump. Vulcan's products, such as asphalt an
aev [14]

Answer:

<h2>Spending on infrastructure projects is an example of <u>Discretionary Fiscal Policy</u> aimed at increasing real GDP and employment.</h2>

Explanation:

  • A discretionary fiscal policy basically refers to the manipulation or adjustment of various fiscal instruments by the government such as public taxes and government spending.
  • The aim of discretionary fiscal policy is to adjust the overall macroeconomic condition in any country based on the existing or current situation or scenario.
  • Now,infrastructural spending is part of fiscal policy or instrument to adjust the macroeconomic condition of the country as reflected by necessary modification in the GDP and employment level.Hence, higher infrastructural spending by the government would expectedly increase the residential and commercial construction projects in the country thereby,enhancing the GDP and the employment level in the country and boost the overall economy.
8 0
3 years ago
Explain what is meant by "Information Technology (IT) flattens organizations?
Shalnov [3]

Answer: The answer is given below

Explanation:

Information Systems are the networks of both the hardware and the software which is used by economic agents to collect, process, create and help in the distribution of data.

Information Technology (IT) flattens organizations simply means that information systems can help in the reduction of the levels in an organization through the provision of information to managers which will be used in the supervision of other emoloyees and also, lower-level employees could be given more authority relating to decision-making.

Since decision making has been pushed to lower level then fewer managers will be needed. This ensures that faster decision making are made and there's increase in the span of control.

5 0
3 years ago
DEF Corporation had two issues of ordinary preferred stock with a $100 par value traded on the NYSE. One issue paid $5.56 annual
asambeis [7]

Answer:

5.93%

Explanation:

Cumulative Dividend for both (5.56+5.88)          $11.44

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Cost of preferred stocks $11.44/193.05=5.93%

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3 years ago
Psychographic analysis and behavioral analyses are examples of methods of ________. market research marketing market segmentatio
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Psychographic analysis and behavioral analyses are examples of methods of market segmentation positioning.

Market research is the process of determining the feasibility of a new service or product through research conducted directly on potential customers. Market research allows companies to discover target markets and collect consumer opinions and other feedback regarding their interest in products and services.

Most business ideas come from entrepreneurs who recognize a need for a product or service.

The psychographic analysis includes personality traits, lifestyle, social class, habits, behaviors, and interests. Each of these unique psychological factors strongly influences consumer behavior. These factors are then used to segment the audience based on their psychographic composition.

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8 0
2 years ago
A red sleeveless dress has been a fast seller at a clothing store. Which of these might raise the price of the dress? A.A change
grigory [225]

Correct answer choice is:


D. A reduction in the number of dresses available from the manufacturer.


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As per the law of supply and demand, a product tends to experience a rise in costs if the availability is faded. When the availability is faded, the merchandise becomes a lot more limited and provides the vendor additional power to extend the worth if the purchasers wish to accumulate it.

8 0
3 years ago
Read 2 more answers
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