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kotykmax [81]
3 years ago
15

On January 1, 2017, Ann Price loaned $187,825 to Joe Kiger. A zero-interest-bearing note (face amount, $250,000) was exchanged s

olely for cash; no other rights or privileges were exchanged. The note is to be repaid on December 31, 2019. The prevailing rate of interest for a loan of this type is 10%. The present value of $250,000 at 10% for three years is $187,825. What amount of interest expense should Joe Kiger recognize in 2017? Select one:
a. $25,000
b. $75,000
c. $56,350
d. $18,783
Business
1 answer:
SVEN [57.7K]3 years ago
5 0

Answer:

Option D is correct.

<u>Interest expense in 2017= $18,783</u>

Explanation:

Interest expense in 2017 = 187825*10% = $18782.5( Approx $18,783)  

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Wagon Department Store had net credit sales of $16,000,000 and cost of goods sold of $15,000,000 for the year. The average inven
miv72 [106K]

Answer:

7.5 times

Explanation:

Inventory turnover = \frac{Cost \: of\: goods\: sold}{Average\: Inventory}

We have been provided that,

Cost of goods sold = $15,000,000

Average inventory for the year = $2,000,000

Therefore, Inventory Turnover ratio = \frac{15,000,000}{2,000,000}

= 7.5 times

It means on an average how many times the inventory is sold, and replaced during the period.

8 0
4 years ago
Chiptech, Inc., is an established computer chip firm with several profitable existing products as well as some promising new pro
zalisa [80]

Answer and Explanation:

The computation is shown below:

a) Growth rate = ROE × retention ratio

= 23% × (1 - .40)

= 13.80%

Value of stock = D1 ÷ (k - g)

= 0.84 × (1 + .1380) ÷ (.16 - .1380)

= $43.45

b) Revised growth rate after year 2 = 16% × .50

= 8%

Value at T2 = D3 ÷ (k - g)

D3 = Earnings × (1 + G1)^2 × (1 + G2) × Payout ratio

= 2.1 × (1+.1380)^2 × (1+.08) × .50

= 1.47

Value at T2 = 1.47 ÷ (.16 - .08)

= $18.38

Value at T0 = Value at T2 ÷ (1 + r)^n

= 18.38 ÷ (1 + .16)^2

= 13.66

3 0
3 years ago
If you put $200 in a savings account that paid 5.5% simple interest each year, how much interest would you earn in five years?
svetoff [14.1K]
Formula: Interest =Principal ×rate× time. so, P=200 $, r= 5.5% or 5.5/100 =0.055. t,is the time involved ......5 years (s) time periods....so is 5 .....year time periods..... to find the simple interest ,we multiply 200×0.055×5=$ 55.00. to figure it out the new amount after 5 years it will be liked : $200.00 +$55.00=$255.00
6 0
3 years ago
A consultant hired by your organization has advised your manager to increase his team's cohesiveness. he asks you, "what benefit
Natalija [7]

Answer:

  • <u>Members of teams with high cohesiveness feel higher loyalty to the team and have better job satisfaction.</u>
  • <u>Teams with high cohesiveness are generally more productive due to the energizing effect of regular interaction among team members.</u>

Explanation:

Remember, cohesiveness looks at the degree to which team members <em>stick</em> together in times of difficulties.

Also cohesive teams are good communicators; they would involve in regular interactions among team members, an attitude which when applied to an organisation setting would increase the team's productivity.

7 0
3 years ago
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Using examples in this book or online, describe a project that suffered from scope creep. Could it have been avoided? How? Can s
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Answer:

An sample project that has experienced extension creep is the place a task began with initial necessities and with time extent of undertaking expanded because of starting holes in the prerequisite social occasion or new upgrades from the customer. An ERP change venture which includes actualizing ERP framework supplanting heritage framework has experienced extension creep.   Yes, the degree creep issues could have been maintained a strategic distance from:  

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The following are a portion of the means to effectively oversee inescapable changes in scope that are useful for the business:  

  • Making an asset and time cradle for any unavoidable changes in the undertaking extension.  
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4 0
4 years ago
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