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What is the return of the creditors? How can it be measured?
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- Answer the following questions correctly and show your Complete Solution. a. 3 1/5% is equivalent to b. Find the actual time and approximate time from October 5, 2020 to June 30, 2021 c. Which of the following are NOT true?I. Principal is the money given or paid invested in the origin dateII. Origin date is a date on which money is paid by the borrower.III. Interest is an amount or earned for the use of the moneyIV. Simple Interest is an interest that is computed on the principal and then added to it.What are liabilities that will be due within a short time (usually one year or less) and that are to be paid out of current assets called? Group of answer choices equity liabilities current liabilities fixed liabilities contra liabilitiesmarch eacg Letter to the correct number answer to the left: 1. Interest 2. Monetary asset 3. Compound interest 4. Simple interest 5. Annuity 6. Present value of a single amount 7. Annuity due 8. Future value of a single amount 9. Ordinary annuity 10. Effective rate or yield 11. Nonmonetary asset 12. Time value of money 13. Monetary liability 1. ______ 2. ______ 3. ______ 4. ______ 5. ______ 6. ______ 7. ______ 8. ______ 9. ______ 10. ______ 11. ______ 12. ______ 13. ______ a. First cash flow occurs one period after agreement begins b. The rate at which money will actually grow during a year c. First cash flow occurs on the first day of the agreement d. The amount of money that a dollar will grow to e. Amount of money paid/received in excess of amount borrowed/lent f. Obligation to pay a sum of cash, the amount of which…
- 11. How much rent receivable should be recognized by SNOWMAN in 2021?What are liabilities that usually will be due in more than one year called? Group of answer choices long-term liabilities revenue liabilities investment liabilities current liabilitiesConsider the following amortization schedule: Payment #| Payment Interest Debt Payment Balance 1 966.45 750.00 216.45 149, 783.55 2 966.45 748.92 217.53 149, 566.02 3 966.45 With the exception of column one, all amounts are in dollars. Calculate z. Give your answer in dollars to the nearest dollar. Do not include commas or the dollar sign in your answer.
- A design studio received a loan of $6,850 at 6.20% compounded semi-annually to purchase a camera. If they settled the loan in 2 years by making quarterly payments, construct the amortization schedule for the loan and answer the following questions: a. What was the payment size? $0.00 Round to the nearest cent b. What was the size of the interest portion on the first payment? a $0.00 0 SUBMIT QUESTION SAVE PROGRESS SUBMIT ASA design studio received a loan of $9,400 at 5.90% compounded monthly to purchase a camera. If they settled the loan in 2 years by making monthly payments, construct the amortization schedule for the loan and answer the following questions. a. What was the payment size? Round to the nearest cent K SUBMIT QUESTION SAVE PROGRESS SUBMIT ASSIGNMENT 12°C Partly sunny ENG 10:03 8/5/2While buying a new car, Julia made a down payment of $800.00 and agreed to make month-end payments of $240.00 for the next 4 years and 5 months. If he was charged an interest rate of 1.00% compounded quarterly for the entire term, answer the following, rounding to the nearest cent. a. What was the cost of the car when Julia purchased it?