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kari74 [83]
3 years ago
14

Dorothy and matt are ready to purchase their first home. their current monthly cash inflows are $4900, and their current cash ou

tflow is $3650. their rent makes up $650 of their cash flows. they would like to put 10% of their cash inflows into savings and put another $200 into their checking account for emergencies. how much of a mortgage payment can they manage under these conditions.
Business
1 answer:
podryga [215]3 years ago
5 0
Current monthly cash inflows = $4,900

Current monthly cash outflows = $3,650.

Monthly Rent = $650

Monthly savings = 10% of their cash inflows = 10%...
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Answer:

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Note Receivable   $6,000

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Explanation:

Note is received against a payment of sale mad on credit. A new receivable will be built with the name of Note receivable, so this account will be debited.   To deduct the value from the account receivable we will credit the account receivable account due to its debit nature. Later on the interest will be accrued and added in this balance.

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The number of days' sales in receivables for Year 2 is 48.7

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Answer:

True

Explanation:

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