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Elenna [48]
2 years ago
8

Find the present value of $7,000 in 7 months at 9% interest

Business
2 answers:
Xelga [282]2 years ago
7 0
The final balance is $7,375.87.
The total compound interest is $375.87.
Anna11 [10]2 years ago
6 0

Answer:

= principle \times rate \times time \\  = 7000 \times  \frac{9}{100}  \times 7 \\  = 4410 \: dollars

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Which of the following describes the management function that includes determining which tasks will be done, who will do them, h
ololo11 [35]

Answer:

Planning management function

Explanation:

Planning is a management procedure which aims to identify objectives for the long term future of an organization and to determine the tasks and resources required in achieving these objectives. Managers should create a business plan or a marketing plan for achieving objectives.

4 0
3 years ago
9. Problems and Applications Q9 Suppose that a borrower and a lender agree on the nominal interest rate to be paid on a loan. Th
den301095 [7]

Answer: False

Explanation:

The real interest rate is the nominal interest rate adjusted for inflation.

If the nominal interest rate was made with inflation in mind and this inflation is less than anticipated, the real rate will be higher not lower than expected.

For instance: Assume the nominal rate is 8% and the two parties assumed inflation would be 4%. Real rate would be:

= 8 - 4 = 4%

If inflation is instead 2%, real rate would be:

= 8 - 2 = 6%

Real rate would be higher than anticipated.

8 0
2 years ago
As a contemporary manager, your employees will perceive that their opinions are more valued if:
sergij07 [2.7K]

The answer is this: employees would feel that their opinions matter if open communication is established between the manager and the employee by removing barriers to communication.

An example to this would be having brainstorming meetings where employees are free to give their ideas. Another option would be by eliminating the need to call the manager using suffixes such as Mr. or Dr.

3 0
3 years ago
What report do you receive after you complete the FAFSA?
suter [353]

Answer:

B) Student Aid Report (SAR)

Explanation:

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3 0
3 years ago
Read 2 more answers
At the end of 2020, Payne Industries had a deferred tax asset account with a balance of $25 million attributable to a temporary
Effectus [21]

Answer:

A. Payne Industries

(In Million)

Dr Income tax expense $54

Cr To Deferred Tax Assets $9

Cr To Income Tax Payable $45

No Journal Entry Required

b. Dr Income tax expense Dr $54

Cr To Deferred Tax Assets $9

Cr To Income Tax Payable $45

Dr Income tax expense $12

Cr To Valuation Allowance - Deferred Tax Assets $12

Explanation:

a. Preparation of the journal entry(s) to record Payne’s income taxes for 2021,

Payne Industries

(In Million)

Dr Income tax expense $54

($45+$9)

Cr To Deferred Tax Assets $9

[($100-$64)*25%]

Cr To Income Tax Payable $45

($180*25%)

(To record income tax expense recorded for 2021 and deferred tax assets reversed for temporary differences reversal )

No Journal Entry Required

b. Preparation of the journal entry(s) to record one-fourth of the deferred tax asset ultimately will be realized

Journal Entries

(In Million)

Dr Income tax expense Dr $54

($45+$9)

Cr To Deferred Tax Assets $9

[($100-$64)*25%]

Cr To Income Tax Payable $45

($180*25%)

(Being income tax expense recorded for 2021 and deferred tax assets reversed for temporary differences reversal )

Dr Income tax expense $12

Cr To Valuation Allowance - Deferred Tax Assets $12

[($64*75%)*25%]

(Being to record valuation allowance for deferred tax assets)

3 0
3 years ago
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