Answer:
January 1, 202x, bank loan obtained from Taylor Bank (9 months, 9% interest rate)
Dr Cash 117,933
Cr Notes payable 117,933
Explanation:
Since this is an interest bearing note that will be paid in less than a year, we should record it at face value. All current liabilities must be recorded at face value.
Answer:
Russian Economy will grow by 14.46 times using 9% per year growth for 31 years.
Explanation:
Growth Rate = g = 9% = 0.09
Number of years = n = 31 years
Number of time economy grow = ( 1 + growth rate )^number of years
Number of time economy grow = ( 1 + g )^n
Number of time economy grow = ( 1 + 0.09 )^31
Number of time economy grow = 14.46 times
So, Russian Economy will grow by 14.46 times using 9% per year growth for 31 years.
An agreement to exchange dollar bank deposits for euro bank deposits in one month is a <u>forward transaction.</u>
<h3>
What is a forward contract?</h3>
A tailored agreement between two parties to purchase or sell an item at a predetermined price at a later date is known as a forward contract. Although its non-standardized nature makes it particularly suitable for hedging, a forward contract can be utilized for speculating or hedging.
A forward contract can be tailored to a commodity, amount, and delivery date, unlike typical futures contracts. Grain, precious metals, natural gas, oil, and even chicken are examples of traded commodities. Settlement of a forward contract may take place in cash or by delivery.
Forward contracts are categorized as over-the-counter (OTC) instruments because they are not traded on a centralized exchange. While the OTC nature of these products makes it simpler to adjust terms, the absence of a centralized clearinghouse also increases the chance of default.
Thus, it is a forward transaction that is used to exchange dollar bank deposits for euro bank deposits in one month.
For more information on <u>Forward Transaction</u>, refer to the given link:
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Calculus of All rooms are occupied while the lodge costs $eighty per day for a room. For each growth of x bucks within each day room rate, there are x rooms.
Calculus is a branch of mathematics that involves the examination of fees of trade. before calculus turned into invented, all math turned into static: it can most effectively assist in calculating gadgets that have been perfect nevertheless. but the universe is constantly transferring and changing.
Calculus is tough because it's far one of the most difficult and superior types of arithmetic that maximum STEM majors stumble upon. each high faculty and university calculus are a big jump in terms of the issue as compared to the mathematics publications college students have previously taken.
Learn more about Calculus here: brainly.com/question/24430269
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Answer:
The correct answer is E.
Explanation:
Giving the following information:
Forrester Company is considering buying new equipment that would increase monthly fixed costs from $276,000 to $544,500 and would decrease the current variable costs of $60 by $15 per unit. The selling price of $100 is not expected to change.
Break-even point (dollars)= fixed costs/ contribution margin ratio
Break-even point (dollars)= 544,500/ [(100-45)/100]
Break-even point (dollars)= $990,000
