Answer: i do agree
Explanation: they are a factor because they help the economy in the same ways as the other factors of production
Answer:
$27,500
Explanation:
Discount points are also called mortgage points and are fees paid as prepaid interest rate on a mortgage property.
One discount point is equivalent to 1% of the loan amount.
In the given scenario a down payment of 10% was made.
Also they are pay one discount point to close.
So total down payment to be made is 10% + 1% = 11%
Amount is cash for closing = 0.11 * 250,000 = $27,500
Solution :
Annual payment = 
1. The rate of interest annually = 12%
Present value 
= $ 18,023.90
2. The rate of interest annually = 12%
Present value 
= $ 20,186.75
3. The rate of interest annually = 12%
The rate of interest quarterly = 3%
Present value = 
Answer:
December 26
Dr. Inventory $7,500
Cr. Account Payable $7,500
December 31
Dr. Account Payable $7,500
Dr. Discount Received $150
Cr. Cash $7,350
Explanation:
Credit terms of 2/10, n/30 means there is a discount of 2% is available on payment of due amount within discount period of 10 days after sale with net credit period of 30 days.
Purchase = $7,500
As payment is made within discount period, so the discount will be availed.
Discount = $7,500 x 2% = $150
Payment = $7,500 - $150 = $7,350
Answer:
Adjusted cash balance is $ 60,224.
Explanation:
Detailed steps of solution are below
