Answer:
= $4902.36
Explanation:
The amount due on the loan would be equal to the total accrued interest plus the principal amount. Note that, since Sally did not pay any amount off the loan in the course of the three years, the interest due per month would be equal to the monthly interest rate plus the he unpaid balance till date.
To determine the amount due, we would compound $4,000 at a monthly interest rate of for 36 months
Amount due on loan = Loan amount × (1+r)^n
Loan amount - 4,000, r - monthly interest rate - 6.8%/12 = 0.566%, n- 3× 12= 36
Loan amount due = 4000 × (1.005660^(36)
= $4,902.36
Answer:
The correct answer is C.
Explanation:
Giving the following information:
The Tobler Company had budgeted production for the year as follows:
Quarter 1 2 3 4
Production in units 10,000 9,000 13,000 11,000
4 pounds of raw materials are required for each unit produced. Raw materials on hand at the start of the year total 7,000 lbs. The raw materials inventory at the end of each quarter should equal 9% of the next quarter's production needs in materials.
Direct material 2nd quarter:
Production= 9,000*4= 36,000lbs
Ending inventory= (13,000*0.09)*4= 4,680lbs
Beginning inventory= (9,000*0.09)*4= 3,240lbs (-)
Total= 37,440 lbs
I had to look for the options and here is my answer. The one that is referred here for more than 50 percent of electrocutions by workers is due to the direct contact of ENERGIZED POWER LINES. This is based on OSHA or the <span>Occupational Safety and Health Administration. </span>
Answer:
Issuance:
Cash 41,397.56 debit
Discount on BP 8,602.44 debit
Bonds Payable 50,000 credit
TRUE. At maturity the Bonds payable account will be debited to indicate the bonds were payed.
Explanation:
C 2,250.000
time 20
rate 0.06
PV $25,807.3227
Maturity 50,000.00
time 20.00
rate 0.06
PV 15,590.24
PV c $ 25,807.3227
PV m <u>$ 15,590.2363 </u>
Total $ 41,397.5591
Answer:
$102,000.
Explanation:
The maturity value is the principle + interest.
First calculate the interest:
$100,000 x .06 x (4/12) months = $2,000
Maturity value is $100,000 + $2,000 = $102,000