<span>You are working in the production stage of problem-solving if
you are figuring out all the ways that you can do and make just to come
up with the money you need to buy the used car you saw advertised in the
newspaper.</span>
Answer:
A. $93,600
Explanation:
Data provided as per the question below:-
Face value = $90,000
Quoted price = 104
The computation of selling price is shown below:-
Selling Price = Face value × Quoted price ÷ 100
= $90,000 × 104 ÷ 100
= $90,000 × 1.04
= $93,600
Therefore for computing the selling price we simply applied the above formula.
Answer:
Explanation:
The preparation of the partial balance sheet for Sage at December 31, 2020 is presented below
NASH COMPANY
Partial Balance Sheet
At December 31, 2020
Current liabilities
Notes payable $3,176,480
Long term debt
Note payable refinanced in the year 2021 $3,867,520
The computation is shown below:
For note payable i.e shown in the current liabilities is
= $7,044,000 - $6,043,000 × 64%
= $3,176,480
And, the refinanced note payable is
= $6,043,000 × 64%
= $3,867,520
The right rider for the physician to add is guaranteed future insurability. If the doctor knows for sure that his income will be growing in the future, he can add guaranteed future insurability rider to his disability policy, and this will allow him to purchase additional insurance without trying any medical question as long as he meets the income eligibility.
