Answer:
It would report 21,778 on interest expense
Explanation:
Because it is the first payment, we can use the compoun interest formula
The rest of the cuota would be amortization of the principal
It is important to <u>do not split the interest in four</u> because the interest are decreasing over the course of the note life. That's because along with the interest accrued during the period World Co. is also paying a portion of the principal
The problem is missing some details. But here is the complete solution. Now consider the second alternative-5 annual payments of $2,000 each. Assume that the payments are made at the starting of each year.
N = 5
I = 10.25
---> this is computed by: [(1+i/n)^n] -1I = <span>[(1+10/2)^2] -1 = 10.25
</span>PV = O
PMT = -2,000
Using a financial calculator...
Future Value = 13, 528.90
Answer:
All of the following statements about the geography of meat production in the United States and Canada are true EXCEPT: Consumer demand for organic foods has significantly decreased the amount of meat produced by most agribusiness firms.
Explanation:
Organic foods are grown without the use of synthetic additives like fertilizer and pesticides for plants, antibiotics and growth hormones for animals.
Consumer demand for organic products due to its health benefits has not significantly decreased the amount of meat produced by most agribusiness firms. Instead, it has created another lucrative business niche for meat production corporations.
Organic foods are now being produced to meet the demand for it along side with those that are not organic.
There is however a higher charge associated with organic foods.
Answer:
the increase in nominal GDP is $29,000
Explanation:
The computation of increase in nominal GDP is as follows:
= Selling value of car + difference
= $22,000 + ($27,000 - $20,000)
= $22,000 + $7,000
= $29,000
hence, the increase in nominal GDP is $29,000
We simply added the selling value and the difference
Answer: Harder to sustain cooperation
Explanation:
When the number of firms in an oligopolistic market increases as is the case here, cooperation becomes harder because profits become smaller so companies start to become more selfish.
Also in this scenario, the cheating firm has the incentive to do so because the profit is so much higher than sharing so companies will always be looking to cheat in order to make this profit. The other firms would reply by reducing prices and all of them would suffer.
