7. A $5000 note is signed, for 240 days, at a discount rate of 9%. Find the proceeds. $4700.00 $5000.00 $4704.11 O $4550.00 O
Answers
The proceeds from the $5000 note would be approximately $4712. Therefore, the closest option among the given choices is **$4704.11**.
To calculate the proceeds from a $5000 note signed for 240 days at a discount rate of 9%, we can use the following formula:
Proceeds = Face Value - Discount
Discount = Face Value * Discount Rate * Time
In this case, the Face Value is $5000, the Discount Rate is 9%, and the Time is 240 days (which we need to convert to a fraction of a year).
Converting 240 days to a fraction of a year:
Time = 240 days / 365 days = 0.6575
Now we can calculate the Discount:
Discount = $5000 * 0.09 * 0.6575 = $288.375
Finally, we can calculate the Proceeds:
Proceeds = $5000 - $288.375 = $4711.625
Rounded to the nearest dollar, the proceeds from the $5000 note would be approximately $4712. Therefore, the closest option among the given choices is **$4704.11**.
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Related Questions
An electronic card that serves as an interface to an ATM is known as a ____.
A. cash card
B. credit caby
C. smart card
D. debit card
Answers
Answer:
D. debit card
Explanation:
A debit card is an electronic card that enables customers to access their bank accounts via an ATM. An ATM ( Automated Teller Machine) is a banking outlet that allows customers to perform basic banking services such as deposits, withdrawals, transfers, and balance inquiries without stepping into the banking hall.
A customer needs to have their debit card and the PIN to access their bank account via the ATM.
How does a manufacturing company use market segmentation and service outputs to differentiate itself from the competition? Give example by choosing a company in Saudi Arabia.
Choose a company in Saudi Arabia which does practice the six categories of service outputs in order to satisfy its customers in a competitive marketplace.
What is the relationship between product price and service outputs? How does this relationship affect the purchasing decisions of end-users? Explain with suitable example.
How can channel managers use the information gathered through service output segmentation for marketing channel design and management? Give example by choosing an international company.
What are physical possession costs? What types of physical possession costs are experienced by service providers? How do physical possession costs affect a channel’s success?
Answers
A manufacturing company can differentiate itself from the competition by employing market segmentation strategies and focusing on service outputs.
Market segmentation allows a manufacturing company to divide the market into distinct groups of customers with specific needs and preferences. By understanding these segments, the company can tailor its products and services to better meet the requirements of each group. Additionally, the company can leverage service outputs, which are the intangible benefits that accompany the product, to create a competitive advantage.
For example, a manufacturing company in Saudi Arabia called XYZ Electronics may use market segmentation to identify different customer segments, such as tech-savvy individuals, corporate clients, and budget-conscious consumers. XYZ Electronics can then customize its product offerings and service outputs accordingly.
For the tech-savvy segment, the company may focus on offering cutting-edge features and superior customer support. Corporate clients may be provided with tailored solutions and specialized after-sales services, such as maintenance contracts. Budget-conscious consumers, on the other hand, may be targeted with affordable pricing and extended warranties.
By effectively utilizing market segmentation and service outputs, XYZ Electronics can differentiate itself from competitors by catering to the unique needs of each customer segment. This approach enhances customer satisfaction and loyalty, ultimately contributing to the company's success in a competitive marketplace.
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In what kind of nation are members of a society most likely to have good educational opportunities?
a developing nation
a developed nation
a country emerging from an economic and political crisis
an underdeveloped nation
Answers
Answer:
a developed nation for states
Tom is a junk remover who occasionally finds rare antiques to sell. He uses an online auction site to sell each antique at the highest possible price customers are willing to pay. Tom is engaging in _____, which leads to _____ consumer surplus.
Answers
Tom is a junk remover who occasionally finds rare antiques to sell. He uses an online auction site to sell each antique for the highest possible price customers are willing to pay. Tom is engaging in perfect price discrimination and this leads to zero consumer surplus.
What three ways does pricing discrimination come in?The first degree of price discrimination is known as personalized pricing, the second degree is known as product versioning or menu pricing, and the third degree is known as group pricing.
Which four pricing types are there?Although there are many various pricing tactics, small business owners typically employ Competitive Pricing, Cost-plus Pricing, Markup Pricing, and Demand Pricing.
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higher level profession requires in the knowledge good skills and a special training explain this statement with example
PLZZ make uhr on answer
Answers
Answer:
true
Explanation
Higher level professions are professions occupied by professionals who think strategically and carry out their duties by adhering to the ethical standards that governs their profession. Examples are medical practitioners, engineering, accountant and pilot. All these requires in-depth knowledge , good skill and special training because of the technical nature of the profession.
Having a degree is not enough to deliver on these professions because of their complexities. These professionals must adhere to the ethical standard that governs their profession and also hold themselves out of having the required training, knowledge and experience .
Take for instance a pilot who controls a plane. Asides having the required education, he would undergo special trainings on how to fly planes. He must also have the skills and experience of flying before being certified to fly people because of the risky nature of the profession.
The above example also applies to a doctor. He would undergo trainings depending on his area of specialization and must have knowledge before being certified to work as a doctor. The reason is that he is dealing with lives hence must possess the the required skills and experience
A sofa sold at four different stores has a retail price of $1,200. Each store is offering a different promotion
Store A: 10% off sale
Store B: $100 off coupon
Store C: $75 off coupon
Store D: $150 rebate
Which offers the best deal?
Answers
Answer:
Option D will choose
Explanation:
Given:
Retail price of sofa cost = $1,200
Store A: 10% off sale
Store B: $100 off coupon
Store C: $75 off coupon
Store D: $150 rebate
Find:
Best deal
Computation:
Store A: 10% off sale
So,
Store A price = 1200[100% - 10%]
Store A price = 1,080
Store B: $100 off coupon
Store B price = 1200 - 100
Store B price = 1,100
Store C: $75 off coupon
Store C price = 1200 - 75
Store C price = 1,125
Store D: $150 rebate
Store D price = 1200 - 150
Store D price = 1,050
Option D will choose
Answer:
Store D
Explanation:
edge 2021
A down payment is usually what percentage of the asking price of a home?
Answers
Answer:
In most cases, you need a down payment of at least 3 percent of your target home price. Many loan types and lenders require 5 percent down or more. You can often save money if you put down at least 10 percent of the home price, and you'll save the most if you put down at least 20 percent.
Explanation:
i hopes this helps you
Answer:
5-20
Explanation:
I am built different
What responsibilities does a parent have in an American school system?
Answers
economics-- multiple choice!
Let's say the federal government decides to establish and run national parks in four states, and one U.S. territory with, struggling economies. What is the most likely reason for the government embarking on this large-scale project?
Control inflation
Expand Medicaid
Combat unemployment
Limit spillover cost
p.s. i have more questions like this on my profile-- please help me with other questions if you can :)
Answers
Answer:
combat unemployment?
Explanation:
That seems the likeliest answer compared to the others since national parks provide jobs.
Miller, Inc., analyzed its accounts receivable balances at December 31 and arrived at the aged balances listed below, along with the percentage that is estimated to be uncollectible:0–30 days past due $180,000 1%31–60 days past due 40,000 3%61–120 days past due 22,000 5%121–180 days past due 14,000 10%Over 180 days past due 8,000 25%=$264,000 The company handles credit losses using the allowance method. The credit balance of the Allowance for Doubtful Accounts is $1,150 on December 31, before any adjustments.a. Prepare the adjusting entry for estimated credit losses on December 31.b. Prepare the journal entry to write off the Lyons Company’s account on April 10 of the following year in the amount of $525.
Answers
The allowance for Doubtful debts is $425.
A credit balance stability on your billing statement is an amount that the cardboard company owes you. credit are delivered to your account whenever you're making a price. A credit is probably added while you go back some thing you obtain along with your credit card.
Age Group Balance Probability of
Non collection
0–30 days past due $1,80,000.00 1% $1,800.00
31–60 days past due $40,000.00 2% $800.00
61–120 days past due $22,000.00 5% $1,100.00
121–180 days past due $12,000.00 10% $1,200.00
Over 180 days past due $8,000.00 25% $2,000.00
$2,62,000.00 $6,900.00
a. Amount of adjustment = $6900 - $1040 = $5860 $5860
b. Entry will be
Allowance for Doubtful debts $425
To Accounts receivable $425
Balance sheet
Assets = Liabilities+ Equity
-425 -425 0
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During the month, Job AB2 used specialized machinery for 450 hours and incurred $550 in utilities on account, $300 in factory depreciation expense, and $100 in property tax on the factory. Prepare journal entries for the following: If an amount box does not require an entry, leave it blank. Question Content Area
A. Record the expenses incurred.
B. Record the allocation of overhead at the predetermined rate of $1.50 per machine hour.
Answers
To record the expenses incurred for Job AB2, we would make the following journal entries:
Utilities Expense (or Factory Overhead) $550
Accounts Payable $550
This entry records the incurrence of $550 in utilities expense on account.
Factory Depreciation Expense $300
Accumulated Depreciation $300
This entry recognizes $300 in depreciation expense for the factory.
Property Tax Expense $100
Accounts Payable $100
This entry records the property tax expense of $100 on account.
B. Record the allocation of overhead at the predetermined rate of $1.50 per machine hour:
To allocate overhead at the predetermined rate of $1.50 per machine hour, we would make the following journal entry:
Work-in-Process Inventory (Job AB2) $675
Factory Overhead $675
This entry allocates overhead to Job AB2 based on the number of machine hours used (450 hours × $1.50 per hour = $675).
Note: The allocation of overhead to specific jobs is typically done at the end of the period or when the job is completed. This journal entry reflects the allocation of overhead to Job AB2 based on the given information.
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It's helpful to write a company's mission statement in what way?
A. By comparing the company's products to its competitors
B. By listing the company's values
C. By describing what the company does for its customers
D. By providing a list of product prices
Answers
Answer: C
Explanation:
Put this doodoo on edge
It's helpful to write a company's mission statement in a way By describing what the company does for its customers. Thus the correct option is C.
What is the importance of a Mission statement?A mission statement establishes an optimal future for the business and guides its advancement. These statements have the capacity to clearly express your goals and inspire your team or organization to carry out a compelling future vision.
Employees are encouraged by mission statements to consider how their activities may affect the future performance of the firm and the culture of the workplace. It outlines the organization's goals and main objectives.
The company's mission statements serve as a roadmap for determining the goal of your job. You and your team can create a solid plan to accomplish those goals after they are set.
Therefore, option C is appropriate.
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Why are so many Americans quitting their jobs recently?
Answers
Multiple factors. A lot of states with elevated quits are states with higher-than-average c*ovid cases, but a lot of it is due to work market stress
hi meaning of branches
Answers
Answer:
Meaning of branches:Noun: 1. A part of a tree which grows out of trunk or stem or from a bough.
2. A division or subdivision of a the stem or axis of a tree, shrub, or other plant.
3. A limb, offshoot or a ramification of any main stem.
4. The branches of a deer's antlers.
5. Any member or part of a body or system.
6. The various parts of learning can also be termed as Branches.
Verb: a) [Of a tree or trunk]; to bear or send out branches.
b) [of a path or road]; to divide into one or more subdivision.
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Grand Energy Corporation (GE) plans to issue bonds to raise $190 million. GE's investment banker will charge 5 percent of the total amount issued to help raise the funds. The market value of each bond at issue time will be $1,000. How many bonds must GE sell to net $190 million after flotation costs? Assume that fractions of bonds cannot be issued. Round your answer to the nearest whole number.
Answers
The number of bonds that GE must sell to net $190 million after flotation costs is 200,000 bonds.
Number of bondsFirst step is to calculate the amount issue
Net proceeds = Amount of issue x (1 - Flotation costs)
$190,000,000 = Amount of issue x (1 - 0.05)
Amount of issue = $190,000,000/0.95
Amount of issue= $200,000,000
Second step is to calculate number of bonds
Number of bonds = $200,000,000/$1,000
Number of bonds= 200,000 bonds
Inconclusion the number of bonds that GE must sell to net $190 million after flotation costs is 200,000 bonds.
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A bond offers a coupon rate of 3%, paid annually, and has a maturity of 8 years. The current market yield is 13%. Face value is $1,000. If market conditions remain unchanged, what should the price of the bond be in 1 year? Assume the market yield remains unchanged. Enter your answer in terms of dollars and cents, rounded to 2 decimals, and without the dollar sign. That means, for example, that if your answer is $127.5678, you must enter 127.57
Answers
To calculate the price of the bond in one year, we first need to find the current price of the bond., The price of the bond should be $269.11 in one year.
We can use the following formula:
Price = (Coupon Payment / Market Yield) x (1 - 1 / (1 + Market Yield)^n) + Face Value / (1 + Market Yield)^n
Where:
Coupon Payment = 0.03 x Face Value = $30
Market Yield = 13% = 0.13
n = number of years to maturity = 8
Face Value = $1,000
Plugging in these values, we get:
Price = ($30 / 0.13) x (1 - 1 / (1 + 0.13)^8) + $1,000 / (1 + 0.13)^8
= $245.12
So the current price of the bond is $245.12.
In one year, the bond will have 7 years to maturity and will offer 7 coupon payments of $30 each. Since market conditions are assumed to remain unchanged, the market yield will still be 13%. Using the same formula as before, we can calculate the price of the bond in one year:
Price in 1 year = ($30 / 0.13) x (1 - 1 / (1 + 0.13)^7) + $1,000 / (1 + 0.13)^7
= $269.11
Therefore, the price of the bond should be $269.11 in one year.
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Electronic résumés have an attractive, highly formatted appearance. T F
Answers
Answer:
False.
Explanation:
False.
Answer:false
Explanation: got it right
ACTIVITY 2.
Identify and explain briefly the question below
1 What are the 4P's in marketing plan?Explain each
А__________
B__________
С__________
D__________
Answers
Answer:
A. Product
B. Price.
C. Place.
D. Promotion.
Explanation:
Marketing plan can be defined as the choices about product attributes, pricing, distribution, and communication strategy that a company blends and offer its targeted markets (customers) so as to build and maintain a desired response.
Generally, a marketing plan is made up of the four (4) Ps and these includes;
1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.
2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.
3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.
4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.
What amount do you need to invest to obtain $20,000 at 6 percent simple interest per year, after ten years?
You need to invest $___________
at 6 percent simple interest to obtain $20,000 after 10 years.
(This is a Plato question)
Answers
Answer:
12500
Explanation:
6% of 12500 is 750 and 750 times 10 is 7500 and 7500 plus 12500 is 20000
We need to invest $12500 at 6 percent simple interest to obtain $20,000 after 10 years. 6% of 12500 is 750 times 10 is 7500 and 7500+12500=20000.
What is simple interest?Simple interest is an interest charge that borrowers pay lenders for a loan. It is calculated using the principal only and does not include compounding interest. Simple interest relates not just to certain loans. It's also the type of interest that banks pay customers on their savings accounts.
The formula to determine simple interest is an easy one. Just multiply the loan's principal amount by the interest rate by the term. This type of interest usually applies to automobile loans or short-term loans, although some mortgages use this calculation method. Simple interest is calculated by multiplying loan principal by the interest rate and then by the term of a loan.
Simple interest can provide borrowers with a basic idea of a borrowing cost.
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1.the balance of an account is calculated as
A the total of the debit side
B the total of the credit side
C the difference between the totals of the debit and credit side
D.the sum of all entries
2.the total on the debit of an account is greater than the credit side.what does this mean?
A the account has a debit balance
B the account has a credit balance
C the account cannot be balanced
D the account has no balance
3.a credit balance occurs in a ledger account when
A the total on its debit side is greater than the credit side
B the total on its debit side is less than the total on its credit side
C the total on its debit side is equal to the total on its credit side
D the total is zero in the ledger account
Answers
Answer:
1.A
2.C
3.D
Explanation:
hope its help
T/F: to compute gdp, you must add up the value of all the goods and services produced in a country in a year.
Answers
True. To compute GDP, you must add up the value of all the goods and services produced in a country in a year. GDP stands for Gross Domestic Product.
It is a measure of the economic output of a country. In simple terms, GDP is the sum total of all the goods and services produced within a country's borders over a particular period, usually a year.There are three methods for measuring GDP: the production approach, the income approach, and the expenditure approach. These methods all yield the same result if they are calculated accurately. In summary, GDP is a crucial measure of a country's economic performance and provides a snapshot of the size and health of the economy.GDP is used as a key indicator of economic growth. A higher GDP typically indicates that the economy is growing and creating jobs, while a lower GDP suggests that the economy is struggling. It is important to keep in mind that GDP is not a perfect measure of economic well-being. It does not take into account factors such as income inequality, environmental sustainability, and quality of life.
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Company A generates $250,000 in revenues. Company costs are $190,000. How much net
income (in dollars) did Company A make?
Answers
Answer:
60,000
Explanation:
Income made = Revenue - Cost = $250,000-$190,000 = $60,000
As simple as dat ;)
The following are transactions for the Sky Blue Corporation:
a. Collected $3,600 rent for the period October 1 to December 31, which was credited to Deferred Revenue on October 1.
b. Paid $2,160 for a two-year insurance premium on October 1 and debited Prepaid Insurance for that amount.
c. Used a machine purchased on October 1 for $52,800. The company estimates annual depreciation of $5,280.
Required:
For each of the above transactions for the Sky Blue Corporation, give the accounting equation effects of the adjustments required at the end of the month on October 31.
Answers
a. Accounting equation effects:
Increase Deferred Revenue (liability) by $3,600
Decrease Retained Earnings (equity) by $3,600
b. Accounting equation effects:
Increase Insurance Expense (expense) by $360
Increase Retained Earnings (equity) by $360
c. Accounting equation effects:
Increase Depreciation Expense (expense) by $440
Increase Accumulated Depreciation (contra-asset) by $440.
a. Deferred Revenue account is credited on October 1 for $3,600. The rent collection was credited to Deferred Revenue as of October 1. The following entry will be made on October 31 to adjust the balance sheet at the end of the month.
Accounting equation effects:
Increase Deferred Revenue (liability) by $3,600
Decrease Retained Earnings (equity) by $3,600
b. The balance of the Prepaid Insurance account was $2,160 as of October 31, having decreased by $360 each month. The following entry will be made to record the adjustment.
Accounting equation effects:
Increase Insurance Expense (expense) by $360
Increase Retained Earnings (equity) by $360
c. The machine costs $52,800 and has an annual depreciation cost of $5,280. The depreciation expense for the month of October is $440 (5,280/12 months). The following entry will be made on October 31 to record the adjustment. Accounting equation effects:
Increase Depreciation Expense (expense) by $440
Increase Accumulated Depreciation (contra-asset) by $440.
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Which of the following statements is TRUE?
A. Your portfolio should have a higher allocation toward bonds
and cash equivalents right before you retire.
B. You should try to maximize your investment earnings right
before you retire.
C. Both A and B
D. Neither A nor B
Answers
Where does the old spanish national historic trail begin and end.
Answers
Suzie pays her insurance company every month for coverage for her car. This payment is called the ___. deductible premium contribution liability
Answers
Answer:
premium
Explanation:
Premium is the term given to the regular and periodic payments that the insured makes to the insurance companies. Premiums are the payments for the insurance coverage.
Insurance coverage is a contract between the insurance company and the customer. As per the contract agreement, the company provides insurance coverage, and the customer pays premiums. In other words, Premium is the consideration for the insurance coverage.
The table shows the terms of a fixed-rate mortgage.
Which accurately describes the terms of this mortgage? Check all that apply.
The homeowner is borrowing $360,000.
The monthly interest rate is 4 percent.
Monthly payments must be made for 30 years.
The annual interest rate is 4.8 percent.
The homeowner is borrowing $200,000.
Monthly payments must be made for 360 years.
Answers
The fixed-rate mortgage concept is used in home loans. Monthly payments for 30 years, the interest rate is 4.8%, and borrowing $200,000.
What is a fixed-rate mortgage?It is usually used in home loans with a fixed interest rate during the term of the loan. It is beneficial because once the rate of interest is fixed it is not influenced by the increase in the rate in the future.
C - Monthly payments for 30 years.
D - The interest rate is 4.8 % annually
E - borrowing $200,000.
Therefore, options C, D, and E explain the fixed-rate mortgage.
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a project has an initial cost of $52,700 and a market value of $61,800. what is the difference between these two values called?
Answers
The difference between the initial cost and the market value is called Net present value.
Net present value refers to the value of the all future cash flows of an asset which are discounted to the present.
In other word, net present value is the difference between PV of cash inflows and PV of cash outflows.
Therefore, in conclusion, the difference between the initial cost and the market value is called Net present value.
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The difference between the initial cost and the market value is called Net present value.
The information regarding the net present value is as follows:
The net present value shows the difference between the initial investment and the present value of cash inflows. Since the initial cost is $52,700 and the market value is $61,800 so the difference is the net present value.Therefore we can conclude that the difference between the initial cost and the market value is called Net present value.
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What type of business that ownership sells shares to the general public and reports its financial information to the public.
Answers
A publicly traded company is a type of business ownership that sells shares to the general public and reports its financial information to the public.
One of the main benefits of being a publicly traded company is that it can raise a lot of money by selling shares to the public. This money can be used to fund growth and expansion, research and development, or other business initiatives.
Additionally, by reporting financial information to the public, a publicly traded company can demonstrate transparency and accountability, which can help to build trust with investors and the broader public.
However, being a publicly traded company also comes with certain costs and obligations.
This can be a time-consuming and expensive process, and failure to comply with these requirements can result in fines or legal penalties.
This type of ownership structure allows companies to raise large amounts of capital, but also comes with additional costs and obligations related to compliance with securities laws and regulations.
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When an advertising campaign for a new product is first launched, which type of advertising would be most helpful in building awareness?.
Answers
Answer:
Informative.
Explanation: