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3 years ago

Suppose payments will be made for 7 1/4 years at the end of each month from an ordinary annuity earning interest at the rate of

Business

1 answer:

GaryK [48]3 years ago

3 0

Answer:

The size of the payment = $628.63

Explanation:

<em>An annuity is a series of equal payment or receipt occurring for certain number of period. </em>

The payment in question is an example of an annuity . We can work back the size of the payment using the present value of the ordinary annuity formula stated below

The Present Value of annuity = A × (1- (1+r)^(-n))/r

A- periodic cash flow,= ? r- monthly rate of interest - 4.25%/12= 0.354%

n- number of period- (71/4×12)= 87.

Let y represent the size of the payment, so we have

47,000 = y × ( 1-1.00354^(-87))/0.00354

47,000 = y× 74.76

y =47,000/74.7656= 628.63

The size of the payment = $628.63

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Goods held on consignment are Select one: a. included as part of no one's ending inventory. b. included in the consignee's endin

Serhud [2]

Answer:

d. never owned by the consignee.

Explanation:

The consignor is the business that gives merchandise to the consignee so that it can sell it. The consignor is the owner of the merchandise that is given in consignment, not the consignee. This merchandise must be reported in the consignor merchandise inventory in the balance until it is sold. Once it is sold, an accounts receivable is created.

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3 years ago

Brian is struggling with the choice of publishing his new book, How to Cook Polish Barbeque, as an e-book or a paperback. Brian

Molodets [167]

Answer:

making a product decision

Explanation:

Since in the question it is mentioned that Brian is struggling with regard to the choice of publishing of his new book that reflects the decision making as the options of books are available and confused with the available options in terms of e-book or paperback that means sell it online or in book stores or both

So it reflects the making the decision with respect to the product

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3 years ago

if you do not pay the entire credit card bill you are charged a FLAT FEE or an INTEREST on the unpaid part?

Soloha48 [4]

You are charged with flat fee

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3 years ago

Brick Co. has 170,000 shares of common stock outstanding at January 1, 2015. On May 1, 2015, it issued 30,000 additional shares

fenix001 [56]

Answer:

The number of shares that Brick should use to calculate 2015 diluted earnings per share are 202,000 shares

Explanation:

The computation of the number of shares are shown below:

= January 1 shares + may 1 shares + convertible cumulative preferred stock

= 170,000 shares × 4 months ÷ 12 months + 200,000 shares × 8 months ÷ 12 months + 12,000 shares

= $56666.67 + $133,333.33 + $12,000

= $202,000 shares

The 4 months are calculated from January 1 to May 1, 2015

And, the 8 months are calculated from May 1 to December 31

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3 years ago

A consumer is consuming at a point on her budget line. Her income is $50 a week, and she purchases hamburgers and grilled cheese

Ivahew [28]

Answer:

Each grilled cheese costs $1.25

Explanation:

Giving the following information:

Her income is $50 a week. Hamburgers cost $4, and she consumes 10 of them. She consumes eight grilled cheese sandwiches.

To calculate the price of the grilled cheese sandwiches, we need to use the following equation:

Income= cost of hamburgers*number of units + cost of grilled cheese*number of units

50= 4*10 + x*8

10=8x

$1.25= x= grilled cheese

3 0

3 years ago