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Luda [366]
3 years ago
13

Ann Company borrowed $240,000 to buy an equipment on January 1, 2019, and signed a 7% instalment note requiring annual equal pay

ments, including principal and interest at the end of every year for 15 years. Rounded to the nearest dollar, determine the balance in the Instalment Note Payable account after making the first annual payment.
Business
1 answer:
gogolik [260]3 years ago
7 0

Answer:

$2,000

Explanation:

Payment include repayment of Capital Amount and Payment of Interest expense

Therefore the balance in the Instalment Note Payable account after making the first annual payment is

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Phoenix Company’s 2017 master budget included the following fixed budget report. It is based on an expected production and sales
djverab [1.8K]

Answer:

According to the flexible budget, income from operations will increase from $557,000 to $915,000 if the units sold increase from 15,000 to 18,000 during 2017.

Explanation:

sales revenue should increase to                         $4,050,000

cost of goods sold should increase to:                ($2,237,000)

  • direct materials $1,260,000
  • direct labor $180,000
  • machinery repairs $54,000
  • depreciation (fixed) $315,000
  • utilities $228,000
  • management salaries $200,000

gross profit                                                              $1,813,000

S&A expenses increase to:                                   ($898,000)

  • packaging $72,000
  • shipping $108,000
  • sales salaries (fixed) $260,000
  • advertising expense (fixed) $127,000
  • adm. salaries (fixed) $241,000
  • entertainment (fixed) $90,000

income from operations                                          $915,000

4 0
3 years ago
Domain name extensions occur _____ the period in the domain name.
anzhelika [568]
Domain extensions occur after the period
6 0
3 years ago
Read 2 more answers
When direct-comparison ads first appeared, they attracted Ted's attention. Now that there are so many of them, he is not paying
Oksana_A [137]

Answer:

The correct answer is A

Explanation:

Habituation is the reduction in the response to a certain stimulus after the repeated or repetation in the presentations. In short, it is defined as the theory that allows the person or an individual to tune out an stimuli which is external in order to focus on other things which demand their attention.

In this case, the ads first appeared, so it attract the attention of Ted, but when there are multiple ads of the same, then the he is not paying so much attention because of the habituation.

7 0
3 years ago
Burton Corp. is growing quickly. Dividends are expected to grow at a rate of 30 percent for the next three years, with the growt
GaryK [48]

Answer:

hmmmmmmmmmmmmm

Explanation:

3 0
3 years ago
A production center is available for 8 hours a day in a factory. It is comprised of several rotary parts, and the worker operati
den301095 [7]

Answer:

Total time: 8 Hours

Lubrication Requirement: Each day

Time Required for removing, Lubrication. reassembling= 2 Hours

So Availability of Production Center= 8 hours - 2 hours

Availability of Production Center = 6 Hours.

Explanation:

Production center will not be available for production in the time when rotary parts will be engaged in lubrication process. The rotary parts lubrication will take 2 hours each day.

So center will be available for production for 6 hours only.

5 0
3 years ago
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