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pentagon [3]
2 years ago
14

A problem is listed below. Identify its type. A certain company has purchased new swivel chairs for its employees. The company m

ade the purchase on a credit plan at Buy Right. Their monthly payments are $1,000 for 2 years. Buy Right will charge 3.45% per year compounded monthly. How much was the original total price of the furniture
Business
1 answer:
DochEvi [55]2 years ago
8 0

Answer:

it is 12.8%

Explanation:

cause it is

You might be interested in
The World Trade Organization (WTO) has an important role in international trade. From the list below, select all statements abou
AleksandrR [38]

Answer:

Letter A

Explanation:

The main objective of the WTO is to promote the liberalization of world trade, reducing or extinguishing trade and customs barriers to facilitate economic exchanges at the international level. The agreements involve trade in goods, services, and intellectual property.

It is also important to know that currently, the World Trade Organization has 156 member countries.

5 0
3 years ago
You have been asked by the president of your company to evaluate the proposed acquisition of a new special-purpose truck for $25
JulijaS [17]

Answer:

Please find the complete solution in the attachment file.

Explanation:

Please find the attachment table for the 3 years of cash flow:

5 0
3 years ago
Managers at Eller Manufacturing are considering purchasing a new refrigerated delivery truck that Adaptive Practice Managerial,
juin [17]

Answer:

C) 10%

Explanation:

($144,000 + $12,780)/$36,000 = 4.355

6 0
3 years ago
1. All of the following are considered phases of the management process except _____. planning directing controlling executing b
12345 [234]

Answer:

1. Executing

2. Directing

3. Continuous process improvement

Explanation:

According to Managerial Accounting Concepts and Principles

1. All of the following are considered phases of the management process except EXECUTING

2. The process by which managers run day-to-day operations is called DIRECTING

3. CONTINUOUS PROCESS IMPROVEMENT is the philosophy of continually improving employees, business processes, and products.

4 0
2 years ago
On January 1, 2019, Park Company accepted a $36,000, non-interest-bearing, 3-year note from a major customer in exchange for use
Darya [45]

Answer:

$28,560

Explanation:

Calculation for the carrying value of the note receivable on Park’s December 31, 2019, balance sheet

Using this formula

Carrying value of note receivable =Present value of the note +(Imputed interest rate ×Present value of the note )

Let plug in the formula

Carrying value of note receivable=$25,500+(12%×$25,500)

Carrying value of note receivable=$25,500+$3,060

Carrying value of note receivable=$28,560

Therefore the carrying value of the note receivable on Park’s December 31, 2019, balance sheet will be $28,560

7 0
3 years ago
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