1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kati45 [8]
2 years ago
15

On January 1, 2022, Austin Company received a 12-month, $100,000 note with a stated rate of 7%. On April 30, 2022, Austin discou

nted the note at the Houston Bank. The bank's discount rate is 8%. What are the cash proceeds from discounting the note receivable?
Business
1 answer:
Olin [163]2 years ago
8 0

Answer:

$101,293

Explanation:

$100,000 face amount + $7,000 interest to maturity ($100,000 x 7%) = maturity value less the discount for the time remaining to maturity of $5,707 ($107,000 x 8% x 8/12) = $101,293

You might be interested in
2. The case says that Kayem Foods is not meeting its profit targets. Why is it difficult for this firm to make money in this mar
swat32

Companies often set target for themselves.  The reasons why it is difficult for this firm to make money is that;

  • As a result of poor demand for the products
  • It can be also be like due to the power  or prestige gained over the years by the supermarkets is depreciating.
  • This can be due to the small price margin or the price competition from other manufacturers.
  • Losses encountered via the issue of  Private Label
  • Poor marketing and advertisement strategy and poor budget allocation for it.

Kayem Foods is a very popular brand. It is known to be a 4th generation family owned business. It has it headquartered in Chelsea, MA.

It is commonly known in the world to be the biggest processed meat company that is found in New England.  They are based on natural casing, fully cooked and fresh sausage etc.

Learn more about Food from

brainly.com/question/25884013

3 0
3 years ago
The marketing mix comprises four basic marketing strategies, collectively known as the four p's- product, place, price, and popu
ASHA 777 [7]
False, production is the missing P
5 0
3 years ago
You are the manager of a pizzeria that produces at a marginal cost of $6 per pizza. The pizzeria is a local monopoly near campus
Sergeeva-Olga [200]

Answer:

since the price elasticity of demand for students is -4, the the price charged to them should be:

price = [-4 / (-4 + 1)] x $6 = (-4 / -3) x $6 = $8

since the price elasticity of demand for faculty is -2, the the price charged to them should be:

price = [-2 / (-2 + 1)] x $6 = (-2 / -1) x $6 = $12

4 0
3 years ago
Using the same amount of time and resources, Tomer can either write 100100100 lines of code or process 202020 reports, and Charl
Sindrei [870]

Answer:

Charlotte  should focus more in  writing lines of  code as an advantage while Tomer should focus more in reports.

Explanation:

<em>The two agent should concentrate in what  they tend to produce, and that they should take a good advantage of it.</em>

<em>Charlotte has a advantage that is related in writing code lines and Tomer has a have a  good advantage in report writing</em>

6 0
3 years ago
Why wont a bussiness charge 500 for a table that they can make for 100
lys-0071 [83]

Answer:

I am not a business student but I think this is common sense.

Yes most business people do that because they have to make sales, they pay taxes, buy raw materials, time wastage, fatigue, health related issues ,care for their family and would not want to go broke so I think that's most of it.

Hope I helped

3 0
3 years ago
Other questions:
  • Last year, Tinklenberg Corporation's variable costing net operating income was $52,400 and its inventory decreased by 1,400 unit
    6·2 answers
  • On January 1, 2018, Surreal Manufacturing issued 570 bonds, each with a face value of $1,000, a stated interest rate of 3 percen
    15·1 answer
  • A business that incorporates must file a document with the state, which includes a description of the business activities, the s
    8·1 answer
  • A direct cost is a cost that is:
    6·1 answer
  • Proprietorships are by far the most common type of business, yet they account for a very small percentage of all sales compared
    7·1 answer
  • ABC Inc.'s bonds currently sell for $1,180 and have a par value of $1,000. They pay a $105 annual coupon and have a 15-year matu
    13·1 answer
  • What is the name of the international community of network designers, operators, vendors and researchers concerned with the evol
    15·1 answer
  • Hewlett and Martin are partners. Hewlett's capital balance in the partnership is $60,500, and Martin's capital balance $57,500.
    5·1 answer
  • Do managers manage differently based on where they are in the organization​
    10·1 answer
  • Which of the following is an advantage of a centralized purchasing department? a. Less bureaucracy b. Specialization c. Closer c
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!