Equivalent monthly cost $363.35 per month & is the most you should be willing to pay today to get the same car for 36 months is $17,568.68.
The equivalent monthly cost of the lease can be calculated using the formula for present value of an annuity: PMT x [(1 - (1 + r/n)^(-nt))/ (r/n)], where PMT is the monthly lease cost, r is the annual interest rate, n is the number of times the interest is compounded in a year (in this case, monthly), and t is the number of years (in this case, 3 years).
Using these values, we get:
PMT = $500
r = 4.9%
n = 12
t = 3 years
Equivalent monthly cost = $500 x [(1 - (1 + 0.049/12)^(-12*3))/ (0.049/12)]
= $500 x 26.1609
= $13,080.45 ÷ 36
= $363.35 per month
To calculate the most you should be willing to pay today to get the same car for 36 months, we need to find the present value of the lease payments and the termination fee.
Present value of lease payments = $500 x [(1 - (1 + 0.049/12)^(-12*3))/ (0.049/12)] x [(1 + 0.049/12)^(-1)]
= $13,080.45
Present value of termination fee = $2,000 x [(1 + 0.049/12)^(-36)]
= $1,463.23
Total present value = $13,080.45 + $1,463.23 + $3,025
= $17,568.68
Learn More about monthly cost here :-
https://brainly.com/question/31143715
#SPJ11
A manufacturing company provides jobs for many people in a small town where employment is not easy to find. The company has stayed in the town even though it could find cheaper workers elsewhere, because workers are loyal to the company due to the jobs it provides. Over the years, the company has developed a reputation in the town for taking care of its employees and being a responsible corporate citizen.
The manufacturing process used by the company produces a by-product that for years has flown into the town river. The by-product has been considered harmless but some people who live near the river have reported illnesses. The by-product does not currently violate any anti-pollution laws.
WHAT ARE THE ANSWERS TO THESE QUESTIONS?
What are the issues of integrity, ethics and law posed in the case study? What options does the company have, and what should it do and why?
Explanation:
Note, the term integrity often refers to the ability to keeping to one's moral principles, such as honesty. And ethics refers to the principles of right and wrong one might have.
For example, from this case, we observe that
although the company is known to have a good reputation over the years and of being a responsible corporate citizen, if it fails to act, then the company's integrity comes under question.Even though the by-product does not violate any laws, failing to take action may taint the good reputation it has had considering the fact that the company is well aware that "some people who live near the river have reported illnesses."
Giving For such example are, from this case, we observe that is:
Thus, although the company is known to have a good reputation over the years and of being a responsible corporate citizen, Then if any it fails to act, then the company's integrity comes under the question of law. Also that Even though the by-product does not violate any laws, Then it is failing to take action may taint the good reputation it has had considering the fact that the company is well aware that is "some people who live near the river have reported illnesses."Learn more about:
https://brainly.com/question/25935388
A company that transforms cotton into wearable clothing is considered a
service business.
manufacturer.
builder.
raw-goods producer.
A company that transforms cotton into wearable clothing is considered a manufacturer.
Manufacturing involves transforming raw materials, such as cotton, into finished goods, such as clothing, through a series of processes. In this case, the cotton is first cleaned and spun into yarn, which is then woven or knitted into fabric. The fabric is then cut and sewn into clothing. Manufacturing is a key sector of the economy, as it contributes to the creation of finished goods that can be sold to consumers or used by other businesses. It also creates jobs and generates economic growth.
To know more about manufacturer, visit: brainly.com/question/14275016
#SPJ4
Products liability, medical malpractice, battery, invasion of privacy, trespass, wrongful death and libel all fall within a field of civil law known as:
Products liability, medical malpractice, battery, invasion of privacy, trespass, wrongful death, and libel all fall within a field of civil law known as tort law.
Tort law encompasses civil wrongs or harms that result in legal liability and provide grounds for a lawsuit. It is a branch of civil law that seeks to compensate individuals who have suffered harm or injury due to the wrongful actions or omissions of others. Tort law aims to provide remedies and compensation for the injured party, deter future wrongdoing, and uphold standards of conduct in society.
Within tort law, various categories of wrongful acts or civil wrongs are recognized. Products liability deals with the legal responsibility of manufacturers or sellers for defective products that cause harm to consumers. Medical malpractice involves negligence or improper treatment by healthcare professionals. Battery refers to intentional harmful contact or physical violence against another person. Invasion of privacy addresses violations of an individual's right to privacy. Trespass refers to unauthorized entry or interference with someone's property. Wrongful death involves a death caused by someone's negligence or intentional act. Lastly, libel pertains to false and damaging written statements.
All these specific areas of civil law fall under the broader umbrella of tort law.
learn more about "liability":- https://brainly.com/question/14921529
#SPJ11
What traits helped Oprah Winfrey become successful and why
What challenges might we face in case we chose profession that does
not meet our interest and capacity?
We can't enhance our best on that profession. Financial concerns, job uncertainty and worry of failure are all frequent challenges students face when selecting a career. The reality is, no one is aware of what the world will seem like 10 or 15 years from now.
Why is it tough to pick out a career path?Lack of Experience
Limited work trip is some other motive why you may find it hard to choose your profession path. There are situations when speakme with human beings who work in a profession you're involved in pursuing is not enough. You can overcome this hurdle by using potentially participating in additional training.
Learn more about career challenges here:
https://brainly.com/question/24418407#SPJ9When fire alarm sounds. Why should you evacuate children immediately even if you do not see flames?
Answer: because even if there is no fire there could be an explosion, fire and gasoline WILL make an explosion. So Basically it can start with fire but soon turn into an explosion. If it's a fire DRILL then it's for practice if that actually does happen.
In mid-twelfth century, _________ created a subsistence crisis in Central Asia.
In mid-twelfth century, Climate change created a subsistence crisis in Central Asia.
The drying of the region had a significant impact on the population, leading to food shortages and widespread famine. Additionally, the drought made it difficult to grow crops and herders struggled to find enough pasture for their animals, resulting in increased competition for resources. This led to migrations of people and conflicts between different groups over land and resources. The crisis likely had a major impact on the political and social structure of the region and may have contributed to the decline of the Khwarezmian Empire, which was a major power in Central Asia at the time.
Learn more about Central Asia here:
brainly.com/question/20213584
#SPJ4
A company's total liabilities decreased by $105,000 and its stockholders' equity decreased by $35,000 during a period of time. By what amount and in what direction must the company's total assets have
The total assets of the company would have decreased by $70,000 to balance the equation, which is also known as the balance sheet equation. Liabilities and stockholders' equity are the two sides of the equation. One side decreases and the other side also needs to decrease to maintain the balance of the equation.
Every transaction in accounting should have an effect on at least two accounts. The dual-entry system ensures that the equation remains in balance. Liabilities and stockholders' equity are the two sides of the balance sheet equation. If one side decreases, the other side must decrease to maintain the balance. According to the question, the company's total liabilities decreased by $105,000, and its stockholders' equity decreased by $35,000. This is a decrease in both liabilities and equity sides of the equation. As a result, we need to determine by how much and in what direction the total assets must have changed to balance the equation. The change in total assets is equal to the difference between the changes in total liabilities and stockholders' equity. Total assets must have decreased by $70,000 to balance the equation because the decrease in total liabilities ($105,000) exceeds the decrease in stockholders' equity ($35,000).
Learn more about Liabilities here:
https://brainly.com/question/30805836
#SPJ11
Which condition is a result of open competition in a free market system?
A. Poor customer service
B. Government regulation
C. Higher prices
D. Higher quality goods
A result of open competition in a free market system is higher quality goods (option D).
What is the result of open competition?
Competition is when there are many producers operating in a particular industry. Competition is high in purely competitive markets and low in a monopoly. This is because in a pure competition, there are many producers while there is only one producer in a monopoly.
Due to the high level of competition in an industry, prices would be more likely to be low. This is because producers would want to attract more consumers by fairly pricing their goods. Also, producers would want to offer good customer service in order to retain consumers as there are many competing producers in the market. High quality goods are also a way to attract an retain customers.
A free market system is a market system where prices are set by the forces of demand and supply. There is no government regulation in this type of market.
To learn more about the free market system, please check: https://brainly.com/question/1188645
#SPJ1
The four-firm concentration ratios for industries X and Y are 89 percent and 62 percent, respectively, while the corresponding Herfindahl-Hirschman indexes are 2,600 and 1,200. The Dansby-Willig performance index for industry X is 0.6, while that for industry Y is 0.8. Based on this information, which would lead to the greatest increase in social welfare: A slight increase in industry X
As per the given information, the four-firm concentration ratios for industries X and Y are 89 percent and 62 percent, respectively, while the corresponding Herfindahl-Hirschman indexes are 2,600 and 1,200.
The Dansby-Willig performance index for industry X is 0.6, while that for industry Y is 0.8.
Based on this information, a slight increase in industry Y would lead to the greatest increase in social welfare.
What is social welfare?Social welfare is a condition in which the welfare or the well-being of the general public is considered. It is concerned with the overall welfare of the general public.
It is a condition where there is a balance between the costs and benefits of the economy for the general public. Therefore, it is important to consider the social welfare of the people while making economic decisions.
To determine which industry leads to the greatest increase in social welfare, we need to look at the Dansby-Willig performance index for both industries.
The Dansby-Willig performance index measures the level of market performance, which is given by the ratio of deadweight losses under monopoly pricing to the deadweight losses under the socially efficient price. The higher the Dansby-Willig performance index, the greater the level of market performance.
In this case, the Dansby-Willig performance index for industry Y is 0.8, which is higher than the Dansby-Willig performance index for industry X, which is 0.6.
Therefore, a slight increase in industry Y would lead to the greatest increase in social welfare.
An increase in industry Y would increase the Herfindahl-Hirschman index, which would reduce competition in the industry. However, since the Dansby-Willig performance index is higher for industry Y, the level of market performance is better.
This would result in higher social welfare compared to a slight increase in industry X.
Therefore, a slight increase in industry Y would lead to the greatest increase in social welfare.
To know more about Herfindahl-Hirschman refer here
brainly.com/question/28211756#
#SPJ11
Under what two conditions will the bonus and goodwill methods of recording the admission of a partner yield the same result?
The bonus and goodwill methods of recording the admission of a partner will yield the same result under the following two conditions:
1. When there is no bonus or goodwill involved: If the new partner is admitted without any bonus paid to the existing partners or any goodwill being recorded, both methods will result in the same outcome. In this case, the new partner's capital contribution will be equal to their share of the existing partners' capital balances.
2. When the bonus and goodwill amounts are equal: If the bonus paid to the existing partners and the recorded goodwill amount for the new partner are exactly equal, both methods will produce the same outcome. This means that the total increase in the firm's net assets is distributed among the partners in the same proportion as their capital contributions, regardless of whether it is recognized as bonus or goodwill.
In these scenarios, the specific method used to record the admission of the partner (bonus or goodwill) will not affect the final distribution of profits and ownership among the partners.
To know more about goodwill:
brainly.com/question/30637745
#SPJ11
How is planning made and why is it important
Answer:
planning
Explanation:
it Helps to Set the Right Goals
In particular, planning helps to critically assess the goal to see if it's realistic. It facilitates decision making and allows setting a time frame by predicting when the company can achieve its goal
23
Page:
Find the s.p of a shirt whose MP is Rs
2700 when 13% VAT is levied ?
.
Answer:
RS3051
Explanation:
the tax is going to be 113% since u add 100% because the s.p is going to rise
2700×113/100=3051
Managers of corporations need to act in an ethical manner O A. because ethics violations will be punished by the law a B. because a business must be trusted by investors, customer and the public if it is to succeed. C. because business managers must answer to a higher authority O D. because ethical behavior is its own justification
Managers of corporations need to act in an ethical manner because a business must be trusted by investors, customers, and the public if it is to succeed. Here option B is the correct answer.
Trust is an essential component of any successful business, and it is based on the belief that a company will act with integrity, honesty, and responsibility toward its stakeholders.
Ethical behavior in business is not only a moral obligation but also a critical factor in building a positive corporate reputation, attracting and retaining employees, fostering innovation, and creating long-term value for shareholders. Companies that prioritize ethical behavior are more likely to be successful and sustainable in the long run, as they are better equipped to manage risks, adapt to changing market conditions, and maintain the loyalty of their stakeholders.
Therefore, ethical behavior is not just a matter of compliance or legal requirements but a crucial aspect of corporate responsibility and business strategy.
To learn more about business
https://brainly.com/question/15826771
#SPJ4
A(n) ________ is a complicated set of possibly nonlinear equations.
A) data warehouse
B) neural network
C) expert system
D) online analytical processing (OLAP) cube
A neural network is a complicated set of possibly nonlinear equations.
What is a neural network?Artificial neural networks, more commonly referred to as neural networks or neural nets, are computer architectures that draw inspiration from the biological neural networks found in animal brains.
Artificial neurons, which are a set of interconnected units or nodes that loosely resemble the neurons in a biological brain, are the foundation of an ANN.
Furthermore, an artificial intelligence technique called a neural network instructs computers to process data in a manner modeled after the human brain. Deep learning is a type of machine learning that employs interconnected neurons or nodes in a layered structure to mimic the human brain.
Learn more about the neural network here:
https://brainly.com/question/27371893
#SPJ1
when the quantity of environmental protection is low so that pollution is extensive, then there are usually _________to reduce pollution and the _______.
when the quantity of environmental protection is low then there are usually fewer regulations and enforcement measures to reduce pollution, and the level of public awareness and action is limited.
When environmental protection is low, it typically means that there are inadequate regulations and enforcement mechanisms in place to control pollution. This can happen due to various factors such as weak governance, limited resources, or a lack of political will.
With fewer regulations, industries may have more freedom to emit pollutants into the environment without facing significant consequences. Similarly, there may be limited enforcement of existing regulations, allowing polluting activities to continue unchecked.
Furthermore, when environmental protection is low, the level of public awareness and action to reduce pollution tends to be limited. This can be attributed to a lack of education and information about the harmful effects of pollution, as well as a general apathy or resignation among the population.
In summary, when the quantity of environmental protection is low, there are usually fewer regulations and enforcement measures to reduce pollution.
Additionally, the level of public awareness and action is often limited. This combination of factors contributes to extensive pollution levels and the continuation of environmentally harmful practices.
Addressing this situation requires a comprehensive approach that includes strengthening regulations, enhancing enforcement, promoting education and awareness, and fostering a sense of responsibility among individuals and industries to protect the environment.
To learn more about pollution, visit
https://brainly.com/question/30342730
#SPJ11
In 1994, president Clinton said the new trade agreements would create a market for American products in China. What happened to the American companies after opening trade with China?
Answer:
- US retailers costs decreased and their profits increased
- US suppliers moved production to China and sell to America
Explanation:
In the year 1994, the diplomatic relation between the United States and the People's Republic of China strengthened and they reestablished their positions. They then signed a bilateral trade agreement which opened the markets of China for the American products.
But things turned out differently as they were envisaged in the Chinese markets. The American' trade did not lived up to the expectations in the Chinese markets. China was a tough market for small and medium sized companies of America. The retailers of the US decreased in costs and the China's profit increased. Also the suppliers of he US moved to the production of China and they in turn sell to the American market.
Mamel expects his research and development team to use creative thinking and develop new
ideas. Creating an environment where this is encouraged shows a high degree of value for
O team orientation
O aggressiveness
Ostability
innovation and risk taking
Answer:
innovation and risk taking
Explanation:
Mamal being a research expert develops a plant to give his team more exposure by allowing them to take risks and thick out of the box in an innovative manner and hence tries to develop creative thinking in his teammates. This leads to innovativeness and encourages higher thinking. Thereby leading to the development and growth of the organization and is able to meet its research objectives.Calculate how many hours his non-salary employees will take to create a large order of 1,000 shoes. What kind of budget would Jose create?
This question is incomplete but will answer this based on what I guess you're asking.
Answer and Explanation:
Assume there are 10 employees for the small factory that makes shoes.
Let's assume each non-salary employee spends 30 minutes on each pair of shoes before it finishes, and charges $10 per hour.
1000 pairs of shoes would take 1000×0.5×10= 5000 hours(208 days and a few hours)
Total budget for non-salary employees= 5000 hrs×$10= $50000
Therefore Jose would need a $50000 budget given the variables above.
Type of energy classified as solids
A title search in the public records may be conducted by
Anyone
Which statement BEST explains why instruments affecting real estate are recorded?
Recording gives constructive notice to the world of the rights and interests claimed in the identified parcel of real estate
A purchaser went to the county building to check the recorder's records, which showed that the seller was the grantee in the last recorded deed and that no mortgage was on record against the property. The purchaser may assume which of the following?
The seller did not mortgage the property
The date and time a document was recorded help establish which of the following?
Priority
A buyer bought a house, received a deed, and moved into the residence but neglected to record the document. One week later, the seller sided and the heirs in another city, unaware that the property had been sold, conveyed title to a relative, who recorded the deed. Who owns the property?
The buyer
A property with encumbrances that will outlast the closing
Can be sold if a buyer agrees to take it subject to the encumbrances
Which of the following would NOT be acceptable of ownership?
Deed to the current owner signed by the last seller
Chain of title MOST accurately defined as
A history of all documents and legal proceedings affecting a specific parcel of land.
A seller delivered title to a buyer at closing. A title search had disclosed no serious defects, and the title did not appear to be based on doubtful questions of law or fact or to expose the buyer to possible litigation. The sellers title did not appear to present a threat to the buyers quiet enjoyment, and the title insurance policy provided was sufficient to convince a reasonably well-informed person that the property could be resold. The title conveyed would commonly be referred to as a(n)
Marketable title
The person who prepares an abstract of title for a parcel of real estate
Searches the public records and then summarizes the events and proceedings that affect title
Homeowners are frantic because they want to sell their property and the deed is missing. Which of the following is TRUE?
They do not need the original deed if it has been recorded.
Mortgagee title policies protect which parties against loss?
Lenders
Which of the following are traditionally covered by a standard title insurance policy?
Improperly delivered deeds
A written summary of the history of all conveyances and legal proceedings affecting a specific parcel of real estate is called a(n)
Abstract
Which of the following is NOT covered by a standard title insurance policy?
Unrecorded rights of parties in possession
Documents referred to as title evidence include
Policies of title insurance
All of the following are true regarding public records EXCEPT
They guarantee marketable title
A sells a portion of property to B. B promptly records the deed in the appropriate county office. If A tries to sell the same portion of property to C, which of the following statements is TRUE?
C has been given constructive notice of the prior sale because B promptly recorded the deed.
The BEST reason for a buyer to obtain title insurance is
To ensure that the seller can deliver marketable title
A mortgagee received a title insurance policy in the property a buyer is pledging as security for the mortgage loan. Which of the following is TRUE?
The amount of coverage is commensurate with the loan amount.
A property owner should be aware of any unsafe or potentially dangerous conditions, according to the concept of constructive notice.
What does constructive notice mean in real estate?A legal presumption that a party has notice when it is possible for it to learn certain facts through due diligence or research into the public records. Given the obligation to do proper research, a party who is deemed to have constructive notice cannot claim ignorance of a fact simply because that party lacked actual knowledge.
Constructive notice is the legal supposition that information was acquired by a person after exercising due effort. An individual's right or interest in the property is announced to the public via a document that is entered into the public record.
A property owner should be aware of any unsafe or potentially dangerous conditions, according to the concept of constructive notice. Inclement weather is one of the simplest cases in which constructive notice might be employed.
Therefore, the statement is true.
To learn more about constructive notice refers to;
https://brainly.com/question/30138410
#SPJ4
(b)
Your warehouse manager reports that there were four king-size sheets and three queen-size sheets returned, along with five packages of queen pillow cases. Calculate the revised total due (in $).
$
(c)
The vendor has offered a 8% early payment discount that applies only to the merchandise, not the shipping or insurance. What is the amount of the discount (in $)? (Round your answer to the nearest cent.)
$
(d)
What is the new balance due after the discount (in $)? (Round your answer to the nearest cent.)
$
The revised overall due is $6,117.60. The early fee bargain amount is $416.88, and the new stability due after the bargain is $5,700.72.
(a) After correcting the mistakes within the itemization, the revised invoice desk must be as follows:
QTY. Ordered QTY. Shipped Description Unit Amount
44 ea. Sheets, king $45.10 $1,984.40
65 ea. Sheets, queen $39.60 $2,574.00
28 pkg. Pillow Cases, queen $17.85 $498.80
55 pkg. Pillow Cases, std. $17.35 $954.25
6 ea. Shams $33.25 $199.50
Invoice Subtotal $5,210.95
Shipping Charges of $131.50
Insurance $23.35
Invoice Total $5,365.80
(b) The variety of king-size sheets back is 4, and the quantity of queen-size sheets returned is three. The total cost of the back sheets may be calculated as follows:
4 * $45.10 (king-length sheet fee) + 3 * $39.60 (queen-length sheet rate) = $180.40 + $118.80 = $299.20
(c) The early fee bargain provided via the vendor is 8% of the product's fee. To calculate the bargain, we need to subtract the value of shipping and insurance from the invoice subtotal and practice the bargain percent:
Discount = 8% * (Invoice Subtotal - Shipping Charges - Insurance)
Discount = 8% * ($5,210.95 - $131.50 - $23.35) = 8% * $5,056.10 = $404.49
(d) The new balance due after making use of the cut price may be calculated by using subtracting the discount quantity from the bill overall:
New Balance Due = Invoice Total - Discount
New Balance Due = $5,365.80 - $404.49 = $4,961.31
To know more about invoices,
https://brainly.com/question/29032299
#SPJ4
The correct question is:
"INVOICE Hamilton Mills No. 49485 INVOICE DATE July 9, 20xx 115 Rock Creek Road CUSTOMER'S Charlotte, North Carolina 28235 ORDER NO. 49485 SOLD TO: SHIP TO: SAME The Bedding Warehouse 406 Maple Road Franklin, VA 23851 SALESMAN SHIPPED VIA Federal Express TERMS Net 30 Days F.O.B. Charlotte, N.C. QTY. ORDERED QTY. SHIPPED DESCRIPTION UNIT AMOUNT 44 ea. Sheets, king $45.10 $1,984 40 65 ea. Sheets, queen $39.60 $2,57400 28 pkg. Pillow Cases, queen $17.85 $44980 55 pkg. Pillow Cases, std. $17.35 $954 25 6 ea. Shams $33.25 $299 50 $6,261.95 INVOICE SUBTOTAL SHIPPING CHARGES $131.50 Insurance $23.35 INVOICE TOTAL $6,416.80 Invoice Table QTY. Ordered QTY. Shipped Description Unit Amount 44 ea. Sheets, king $45.10 $1,984.40 65 ea. Sheets, queen $39.60 $2,574.00 28 pkg. Pillow Cases, queen $17.85 $449.8 55 pkg. Pillow Cases, std. $17.35 $954.25 6 ea. Shams $33.25 $299.5 Invoice Subtotal $6,261.95 Shipping Charges $131.50 Insurance $23.35 Invoice Total $6,416.80 (a) You notice several errors in the itemization of the invoice. Correct the errors in the itemization ing the fol table $). QTY. Ordered QTY. Shipped Description Unit Amount 44 ea. Sheets, king $45.10 $ 65 ea. Sheets, queen $39.60 $ 28 pkg. Pillow Cases, queen $17.85 $ 55 pkg. Pillow Cases, std. $17.35 $ 6 ea. Shams $33.25 $ $ Invoice Subtotal $ Shipping Charges $131.50 Insurance $23.35 Invoice Total $ (b)
Your warehouse manager reports that there were four king-size sheets and three queen-size sheets returned, along with five packages of queen pillow cases. Calculate the revised total due (in $).
$
(c)
The vendor has offered a 8% early payment discount that applies only to the merchandise, not the shipping or insurance. What is the amount of the discount (in $)? (Round your answer to the nearest cent.)
$
(d)
What is the new balance due after the discount (in $)? (Round your answer to the nearest cent.)
$ "
journal
March 01 March 03 March 09 March 15 March 27 Debit balance of Binod account Rs.25,000. Sold goods to Binod Rs.20,000. Sold goods for cash Rs. 10,000. Cheque received f
Journal entries of the given transactions are as follows.
Debit balance of Binod account Rs.25,000.Binod A/C.......Dr 25000
To cash A/C 25000
Sold goods to Binod Rs.20,000.Binod A/C.......Dr 20000
To Sales A/C 20000
Sold goods for cash Rs. 10,000.cash A/C.......Dr 10000
To Sales A/C 10000
A journal entry is the act of recording any transaction, whether one that is economic or not. An accounting diary that displays the debit and credit balances of a corporation lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
Learn more about journal entry here
https://brainly.com/question/14279491
#SPJ9
North Face is one of the world's most popular outdoor apparel companies. Assume that North Face borrows $2 million from U.S. Bank and signs a note promising to pay back the $2 million in nine months, at which time North Face also will pay any accrued interest. The interest rate on the note is 8%.
Required:
1. Prepare the journal entry North Face will record when it signs the note and receives the cash. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars not in millions (i.e., 1,000,000 not 1.0).)
. Prepare the journal entry that North Face will record when it pays off the note and any accrued interest after nine months. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars not in millions (i.e., 1,000,000 not 1.0).)
Cash a/c Dr. 2000000 To notes payable a/c 2000000, Interest Expense a/c Dr. 160000 To Interest Payable a/c 160000, Interest expense a/c dr. 160000 interest payable a/c dr. 160000 notes payable a/c dr. 2000000 To cash a/c 2160000
You will record a debit for notes payable and a credit for cash as you repay the loan in your journal. On the balance sheet, a liability is indicated for this. But, after making a payment, you must also figure out the interest rate and record this sum in the accounts for interest expense and interest payable. The stipulations set forth in the Notes Payable shall be binding upon all Parties. Unlike Accounts Payable, which is used when businesses intend to pay for the goods and services they purchase from the other party on credit in the future, this is different.
To learn more about notes payable refer here:
https://brainly.com/question/28434539
#SPJ1
Bonus: Zachary has opened a retirement account that will pay 5% interest each year. He plans to deposit 10% of his current $52,000 annual salary into the account for 40 years before he retires. How much will be in his account after he makes the last deposit? What uniform amount can he withdraw from his account for 25 years beginning one year after his last deposit? (1 pts each question)
1) The amount in Zachary's retirement account after he makes the last deposit will be approximately $2,039,912.23, 2) Zachary can withdraw a uniform amount of approximately $128,897.59 from his account for 25 years, beginning one year after his last deposit.
1) To calculate the amount in Zachary's retirement account after he makes the last deposit, we can use the formula for the future value of a series of deposits. With an annual salary of $52,000 and a 10% deposit into the account, Zachary will contribute $5,200 each year for 40 years. At an annual interest rate of 5%, the future value of these deposits can be calculated as $2,039,912.23.
2) To determine the uniform amount Zachary can withdraw from his account for 25 years, beginning one year after his last deposit, we can use the formula for the present value of a series of withdrawals. Since Zachary wants to withdraw a uniform amount, we can calculate the present value of an annuity. With a future value of $2,039,912.23, a time period of 25 years, and an interest rate of 5%, the uniform amount Zachary can withdraw annually is approximately $128,897.59.
Learn more about future value of a series of deposits here: brainly.com/question/31662105
#SPJ11
business reports vary in length, purpose, and delivery format. group of answer choices true false
The answer is True. Business reports vary in length, purpose, and delivery format.
The length of a business report can range from a few pages to several hundred pages, depending on the complexity of the topic and the audience for the report. The purpose of a business report can also vary widely, from providing information to making recommendations. And the delivery format of a business report can also vary, from a printed document to a presentation to a website.
Here are some examples of how business reports vary in length, purpose, and delivery format:
Length: A short business report might be only a few pages long, while a long business report might be hundreds of pages long.
Purpose: A business report might be used to provide information, to make recommendations, or to both provide information and make recommendations.
Delivery format: A business report might be delivered as a printed document, as a presentation, or as a website.
The specific length, purpose, and delivery format of a business report will depend on the specific needs of the organization and the audience for the report. However, it is important to keep in mind that business reports can vary widely in these three areas.
To learn more about Business reports: https://brainly.com/question/30641009
#SPJ11
4. People in the organisations carry out diverse tasks with the aim to achieve
(a) Different objectives
(b) Common objectives
(c) Both of the above
(d) None of the above
Answer:
(b) Common objectives
Explanation:
People and departments in an organization perform different functions, but all focus on achieving its objectives. An organization's top management sets the goals and targets for a particular period. It then identifies specific actions that need to be accomplished to achieve the set goals.
The identified actions are distributed to various departments for implementation. Each department will break down its activities into small tasks and assign them to individual workers. Every employee will be working to achieve their set objectives. If all workers achieve their targets, the departments will meet their objectives, and so is the organization's goals.
2. How important it is to create a prototype before launching a certain product in the market? What is the
relevance of it in your life as a student? Pa help asappppp
which of the following is a batch-level activity? engineering changes purchase ordering product design assembling
The purchase ordering activity is typically considered a batch-level activity.
Batch-level activities are those that are performed each time a batch of products is produced or a group of units is processed together. Purchase ordering involves the process of placing orders for materials or components needed for production. It is typically done in batches or groups, where multiple items are ordered at once to fulfill the production requirements.
On the other hand, activities like engineering changes, product design, and assembling are more commonly associated with product-level activities or even higher-level activities in the production process. They are typically performed on a per-unit basis rather than in batches.
Therefore, among the options given, purchase ordering is the most likely example of a batch-level activity.
To know more about production processes, visit:
https://brainly.com/question/32298671
#SPJ11
I will mark you as brainliest!!
What is stock turnover?
A. How long customers have own the products they've purchased
B. How quickly inventory sells
C. How much it costs to keep inventory
D. How the stock market affects inventory
Answer:
d.how the stock market affects inventory
Explanation:
a stock turnover is the rate at which a company's goods are sold and replaced. I hope that helped <3
stock movement Effects of the stock market on inventory Thus option (D) is correct.
What is the stock price?A share price is the price of a single share of a company's salable equity shares. In layman's terms, the stock price is the largest amount of money someone is willing to pay for the stock or the lowest amount for which it can be purchased.
Stock market Analysts in economics and financial theory utilize random walk techniques to model the behavior of asset prices, particularly share prices on stock exchanges. This technique is founded on the assumption that investors operate rationally and without bias, and that they evaluate the value of an asset at any given time based on future expectations.
Therefore, Thus option (D) is correct.
Learn more about stock prices here:
https://brainly.com/question/15021152
#SPJ2