Answer:
$32,250
Explanation:
Aging Bucket Amount Outstanding
Current 300,000
1-90 days 180,000
91-180 days 100,000
181-365 days 50,000
366+ days <u>15,000</u>
Total <u>$645,000</u>
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Total accounts receivable at the end of March = $645,000
Percentage uncollectible = 5%
Required reserve at the end of March = Total accounts receivable at the end of March * Percentage uncollectible
Required reserve at the end of March = $645,000*5%
Required reserve at the end of March = $32,250
Answer:
$56.74
Explanation:
Base on the scenario been described in the question, we can use the following method to solve the problem
Solution Correct Response Calculate the amount financed, the finance charge, and the monthly payments for the following add-on interest loan. Purchase(Cash) Price Down Payment Amount Financed Add-onInterest Number of Payments Finance Charge $78810% $8%12 $56.74
Unless you have a Business Plan.
Business plan contain your Objectives and step by step strategy that you will do in order to expand your Company.
Showing in front of investors without it make them questioned your commitment as a future Partner. To put it simply, you look like a careless & unmotivated person that is really bad for business
Answer:
interest portion of fifth payment = $66.89 ≈ $67
Explanation:
effective interest rate = 5% yearly
first payment = $200
second payment = $210
third payment = $220
fourth payment = $230
fifth payment = $240
sixth payment = $250
seventh payment = $260
eighth payment = $270
ninth payment = $280
tenth = $290
using a financial calculator, I determined the present value (principal) of the loan = $1,860.87
then I prepared an amortization schedule:
interest portion of fifth payment = $66.89 ≈ $67
1.) Does it come with 4 wheel drive
2.) How long is the warranty
3.) What does the warranty cover
4.) What are some common repairs
5.) what is the gas mileage and how many miles are on it
