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2 years ago

Summarize how the Peer-to-peer payment process typically works?

Business

1 answer:

andre [41]2 years ago

6 0

Answer:

Peer-to-peer payments are transactions that can be used for anything from splitting a dinner bill between friends to paying the landlord rent. These payments allow the transfer of funds between two parties using their individual banking accounts or credit cards through an online or mobile app.

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Factory Overhead Rates, Entries, and Account Balance Eclipse Solar Company operates two factories. The company applies factory o

Anvisha [2.4K]

Answer:

Predetermined manufacturing overhead rate= $14.8 per machine hour

Explanation:

Giving the following information:

Factory 1

Estimated factory overhead= $18,500,000

Estimated machine hours for year 1,250,000

T<u>o calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 18,500,000/1,250,000

Predetermined manufacturing overhead rate= $14.8 per machine hour

8 0

3 years ago

The Outlet needs to raise $3.2 million for an expansion project. The firm wants to raise this money by selling zero coupon bonds

Pani-rosa [81]

Answer:

14,783.33 bonds

Explanation:

Given

Par value FV = $1000

n =20 * 2 =40

R= 7.80/2 = 3.90%

Price per bond:

price per bond : $PV = \frac{FV/}{(1+r)^n}$

$= \frac{000}{(1+0.039)^{40}}$

$= \frac{1000}{4.619786467}$

= 216.46

No. of bonds to be issued = $\frac{amount to raise}{ price per bond}$

$= \frac{3,200,000}{216.46}$

= 14,783.33 bonds

3 0

4 years ago

In a perfectly competitive market, all producers sell identical goods or services. Additionally, there are many buyers and selle

V125BC [204]

Answer:

True

Explanation:

In a perfectly competitive market, all producers sell identical goods or services. Additionally, there are many buyers and sellers. Because of these two characteristics, both buyers and sellers in perfectly competitive markets are price takers. Market price is set by the forces of demand and supply.

If the seller attempts to set his own price and sets it above the market price, the seller would lose all its customers and make zero sales.

If the seller attempts to set his own price and sets it below the market price, the seller would make losses .

I hope my answer helps you.

7 0

4 years ago

Crane Company borrowed $750000 from BankTwo on January 1, 2019 in order to expand its mining capabilities. The 5-year note requi

Daniel [21]

Answer:

The interest expense of $59,463 must be recognize on its 2020 income statement.

Explanation:

With the given data make an amortization schedule

Hint : First determine the Future Value of the 5-year note

PV = $750,000

N = 5

Pmt = - $195,327

P/yr = 1

i = 9.5%

Fv = 0

<em>Input the elements in a Financial Calculator.</em>

2019

interest expense = $71,250

2020

interest expense = $59,463

Conclusion :

The interest expense of $59,463 must be recognize on its 2020 income statement.

7 0

3 years ago

Bruce & Co. expects its EBIT to be $100,000 every year forever. The firm can borrow at 11 percent. Bruce currently has no de

zhenek [66]

Answer:

15.16 percent

Explanation:

Debt Equity ratio measures the ratio of the debt to its equity.

Formula for debt equity ratio is as follow

Debt / Equity ratio = Debt of the company/ Equity of the company

As per given data

Equity = $383,333.33 + 0.31($61,000) = $402,243

Debt = $61,000

Placing values in the formula

Debt / Equity ratio = $61,000 / $402,243

Debt / Equity ratio = 15.16%

3 0

4 years ago