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Maksim231197 [3]
2 years ago
8

Lan loaned his friend $25,000 to start a new business. He considers this loan to be an investment, and therefore requires his fr

iend to pay him an interest rate of 9% on the loan. He also expects his friend to pay back the loan over the next four years by making annual payments at the end of each year. Ian texted and asked that you help him calculate the annual payments that he should expect to receive so that he can recover his initial investment and earn the agreed-upon 9% on his investment.Calculate the annual payment and complete the following capital recovery schedule:Year Beginning Amount Payment Interest Paid Principal Paid Ending Balance1 $25,000.00 2 3 4 -$0.01
Business
1 answer:
Setler [38]2 years ago
4 0

Answer:

Question Incorrect

Explanation:

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Eleanor and Darnell need to decide which one of them will take time off from work to complete the rather urgent task of shearing
Naily [24]

Answer:

Eleanor has the lowest opportunity cost of completing the task. Opportunity cost of $80.

Explanation:

opportunity cost calculations

Eleanor; she earns $160 per hour and can complete the task in 30 minutes therefore we convert the minutes to hours 30/60 = 0.5hours

$160 *0.5hours = $80

Darnell ; he earns $25 per hour and it will take him 5 hours to complete the task , his opportunity cost is $25 *5 =$125.

5 0
3 years ago
The following errors occurred in posting from a two-column journal:
Viefleur [7K]

Answer:

Please find attached solution to the above question

Explanation:

Please find attached solution to the above - a and b

Regarding the error 6,

• The $830 gained increased to accounts payable, hence must be deducted from accounts payable.

• Again, debit $830 for recording the payment.

7 0
3 years ago
2. What item is a retail product?
vazorg [7]

Answer:

an apple

Explanation:

3 0
3 years ago
Read 2 more answers
You purchased a share of stock for $50. Two years later you received $2 as dividend and sold the share for $59. What was your ho
grigory [225]

Answer:

The answer is =22%

Explanation:

Holding period return is the total return from asset or investment portfolio over a period of time. Holding period return is expressed as a percentage.

Its formula is:

[(value at the end of the period- original value) + income or dividend]/ original valuex 100

[2 + (59 - 50)] / 50x 100

(2 + 9 ) / 50x 100

11/50 x 100

=22%

4 0
3 years ago
What is a product item?
Vsevolod [243]

Answer:

Explanation:

A product item is a specific version of a product that can be designated as a distinct offering among an organization's products. A product line is a group of closely related products offered by an organization.

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3 years ago
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