Career question easy below

One of your customers is delinquent on his accounts payable balance. You’ve mutually agreed to a repayment schedule of $500 per

jekas [21]

Answer: Number of months = 66.87 months

Explanation:

Given that,

Monthly Payment = $500

Interest rate(r) = 1.95% per month

Current Balance = $18,500

Number of months(t) = ?

$Current\ balance = Monthly\ payment\times(\frac{1-present\ value\ factor}{r})$

$Current\ balance = Monthly\ payment\times(\frac{1-\frac{1}{(1+r)^{t}} }{r})$

$18,500 = 500\times(\frac{1-\frac{1}{(1+0.0195)^{t}} }{0.0195})$

$\frac{18,500}{500}\times0.0195=1-\frac{1}{1.0195^{t} }$

$\frac{1}{1.0195^{t}}=1-0.7215$

$1.0195^{t}=\frac{1}{0.2785}$

$1.0195^{t}=3.5906$

Taking log on both side

t log(1.0195) = log(3.5906)

$t = \frac{0.5551}{0.0083}$

t = 66.87 months

6 0

4 years ago

Cost of Goods Sold account is debited and Finished Goods Inventory is credited for A) purchase of goods on account. B) the sale

Firlakuza [10]

Answer:

B) the sale of goods to a customer.

Explanation:

When goods are sold to a customer, the cost of goods sold account is debited by the same value that the finished goods inventory is credited.

For example, suppose a company sells $1,000 worth of goods to a customer, and the sales price is $1,200. The customer pays by cash the full value of the goods. The journal entry would be:

Account Debit Credit

Cash $1,200

Sales Revenue $1,200

Cost of Goods Sold $1,000

Finished Goods Inventory $1,000

7 0

3 years ago

A company reports the amounts below in its financial statements. Net cash flow from operating activities $37,570 Total net cash

balandron [24]

Answer:

Ratio will be 0.92

So option (A) will be the correct option

Explanation:

We have given net cash flow from operating activities = $37570

So net operating cash flow = $37570

Current liabilities at the bugging of the year = $38400

Current liabilities at the end of the year = $43200

So average current liabilities $=\frac{38400+43200}{2}=$40800$

We have to find the ratio of operating cash flow to current liabilities

So ratio will be $=\frac{37570}{40800}=0.92$

So option (A) will be the correct option

3 0

4 years ago

Assume that you are working for a manufacturing company in the United States that hopes to sell its products throughout the worl

Nostrana [21]

The correct matches are the following.

1. Increasing the number of products your company exports from the United States to Canada without tariffs that could hurt profits. = e) NAFTA.

2. Resolving an issue that involves rules of trade that are impacting your business as you try to increase distribution to several markets in Africa. = b) World Trade Organization.

3. Selling your products to an expanding middle class of consumers in Guatemala. = d) DR-CAFTA

4. Problems selling to Japanese consumers due to the instability of the exchange rate between American and Japanese currencies. c) International Monetary Fund.

5. Allowing your manufacturing plant in Spain to quickly reduce barriers in its efforts to market and sell products in France. = a) European Union.

Knowing these organizations and their main functions will help you to understand foreign trade, its characteristics in a b¿globalizaed world, and the peculiarities according to each region. Every trade agreement has its details and you want to become an expert in the region you choose to maximize your sales and profits.

That is why many countries associate in trade agreements, as is the case of NAFTA, the North America Free Trade Agreement signed by Mäxico, the United States, and Canada, now turned into USMCA, the United States, México, and Canada Agreement.

8 0

3 years ago

My account is not working right, I need someone to get ahold of me or fix it. We ordered brainly plus and I've been charged but

Harman [31]

Answer: Have you tried to restart the app or browser? How long ago did you purchase it? If it was today or yesterday you may need to wait a bit.

Explanation: It takes time for the transaction to go through. Trust me, my mom works at a bank.

7 0

3 years ago

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