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kati45 [8]
3 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]3 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

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Baby boomers are interested in _____ brands, or products that reflect a certain time period, and are targeted with products like
Alex Ar [27]

Answer:

Option A: retro

Explanation:

Difference factors influence consumers to buy certain things. These factors are used to segment consumers. The segmentation is done includes: behavioural, demographic, geographic and psychographic.

Baby boomers fall under the demographic segmentation under the age classification of generations (includes: seniors, baby boomers, generation X and generation Y( college age students).

Today's college age students compose the largest generation. The baby boomer generation is the second largest and over the last thirty years or so, has been a very attractive market for sellers. Retro (old) brands or products that companies "bring back" for a period of time we're aimed at baby boomers during the economic downturn. A perfect example is the Pepsi throwback and Mountain Dew throwback, which are made with cane sugar like they were "back in the good old days" instead of corn syrup.

Therefore, the option that best suits the question is option A, RETRO.

6 0
3 years ago
Read 2 more answers
I’m not sure how to do these tbh
laiz [17]

the answer would be about $100

6 0
3 years ago
How is the model of microeconomic supply and demand different from the model of aggregate supply and aggregate demand?
LenKa [72]
Aggregate supply and demand pertains to how groups of people do business. On the order of Adam Smith's, "Wealth of Nations". Or macroeconomics. Microeconomics usually deal with individual entrepreneurs or small groups of individuals so is business on a much smaller scale.  
7 0
3 years ago
"If you borrow $8,000 with an interest rate of 4 percent, to be repaid in five equal yearly payments at the end of the next five
Akimi4 [234]

Answer:

The payments will be of 1,797.02 dollars

Explanation:

We need tyo calcualte the PTM of an ordinary annuity which present value is 8,000. The time will be 5 years and the discount rate 4%

PV \div \frac{1-(1+r)^{-time} }{rate} = PTM\\

PV  $8,000.00

time 5 years

rate 4% = 4/100 = 0.04

8000 \times \frac{1-(1+0.04)^{-5} }{0.04} = PTM\\

PTM:  $ 1,797.017

4 0
3 years ago
Assume that a client has encountered a $800,000 fraud and that the CPA's percentage of responsibility established at 20%, while
kykrilka [37]

Answer:

The correct answer to the following question is option A) contributory negligence .

Explanation:

The given above case where the CPA has responsibility of 20% in the fraud and company has 80% of the responsibility , then with the help of contributory negligence approach to liability , CPA would be able to avoid the liability completely .

Contributory negligence can be termed as the failure on the part of accuser ( plaintiffs ) to exercise a reasonable care of their safety. Here as per the universal law, the amount of compensation that plaintiff might receive would decrease if their actions have led to the increase in the likelihood of the incident .

5 0
4 years ago
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