What is the unemployment rate if the GDP gap is 13.5%?

Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) N

Alinara [238K]

Explanation:

The determination of the maturity date and the interest for each notes is as follows

Contract date Maturity Month Maturity Date Interest expenses

March 19 May 18 $280

May 11 August 9 $660

October 20 December 4 $105

For March 19, the interest expense calculation is

= $28000 × 6% × 60 days ÷ 360 days

= $280

For May 11, the interest expense calculation is

= $33,000 × 8% × 90 days ÷ 360 days

= $660

For October 20, the interest expense calculation is

= $21000 × 4% × 45 days ÷ 360 days

= $105

5 0

2 years ago

intends on adding a new product line. the contribution margin ratio for the new product is 0.2. they have a target operating inc

FrozenT [24]

Answer:

The total fixed costs must be:

$36,000.

Explanation:

a) Data and Calculations:

Contribution margin ratio for the new product = 0.2

Target operating income = $60,000

Targeted sales volume in dollars = $480,000

Fixed costs = targeted sales volume in dollars multiplied by contribution margin ratio, minus target operating income

Fixed costs = ($480,000 * 0.2) - $60,000 = $36,000

b) The focus should be on the break-even formula for dollar sales with a target profit. When the formula is reversed, the fixed costs can be calculated as shown above.

3 0

2 years ago

You are planning to save for retirement over the next 25 years. To do this, you will invest $700 per month in a stock account an

olga2289 [7]

Answer:

withdraw each month is $6,902.37

Explanation:

given data

time = 25 year

invest = $700 per month

stock amount = $300 per month

expected rate = 9% = $\frac{0.09}{12}$

bond account = 5%

return = 6%

to find out

withdraw each month from account for 20 year withdrawal period

solution

we will apply here future value formula that is

FV = $P \frac{(1+r)^t -1}{r}$ ...............1

here P is principal amount i.e $700 given and r is are and t is time

so

The value of the stock account at retirement will be

value of the stock account = $700 \frac{(1+\frac{0.09}{12})^{25*12} -1}{\frac{0.09}{12}}$

value of the stock account = $784,785.36

and

value of the bond account at retirement will be

value of the bond account = $300 \frac{(1+\frac{0.05}{12})^{25*12} -1}{\frac{0.05}{12}}$

value of the bond account = $178,652.91

and

so value of the two accounts combined is here

= $178,652.91+$784,785.36 = $963,438.27

so

monthly withdrawal from combined account is

amount = $\frac{Pv}{\frac{1- \frac{1}{(1+r)^t}}{r} }$ ...............2

amount = $\frac{963438.27}{\frac{1- \frac{1}{(1+\frac{0.06}{12})^{20*12}}}{\frac{0.06}{12}} }$

amount = $6,902.37

3 0

3 years ago

What needs to be determined when estimating cash flows for a potential new project?.

Serjik [45]

Answer:

The incremental after-tax cash flows associated with the project

3 0

2 years ago

Porite Company recognizes revenue in the period in which it records an asset for the related account receivable, rather than in

solmaris [256]

Answer:

Accrual basis of accounting

Explanation:

Accruals basis accounting (accruals accounting, the matching concept) depicts the effects of transactions and other events and circumstances on a reporting entity’s economic resources and claims in the periods in which those effects occur, even if the resulting cash receipts or payments occur in a different period.

Revenue from sales and other income should be reported in the period when the income arises (which might not be the same as the period when the cash is received from the customer / client).

Based on the above discussion it can be concluded that the Portie's practice is an example of accrual basis of accounting.

7 0

3 years ago