Sylvestor Systems borrows $182,000 cash on May 15, 2017, by signing a 120-day, 6% note.
1. On what date does this note mature?
September 11, 2017
September 12, 2017
September 13, 2017
September 14, 2017
September 15, 2017
Answers
The note will mature on September 12, 2017. The no e that Sylvestor Systems signed on May 15, 2017, is a 120-day note with a 6% interest rate.
To determine the maturity date of the note, we need to add 120 days to the date the note was signed, which gives us September 12, 2017.
Therefore, the note will mature on September 12, 2017, and Sylvestor Systems will need to pay back the borrowed amount plus the interest that has accrued over the 120-day period.
It is important for Sylvestor Systems to keep track of the maturity date and plan accordingly to ensure that they have enough funds to pay back the loan on time to avoid any potential penalties or damage to their credit score.
For more question on interest rate
https://brainly.com/question/30584212
#SPJ11
Related Questions
How to find the monthly growth rate of sales that can be sustained without access to external capital?
Answers
Growth rate of sales= present-past\past.
Growth rate:
A growth rate is determined differently for each business, but it essentially serves as a gauge for how quickly a firm is expanding, contracting, or meeting its objectives. It is the best gauge of how well a company (or nonprofit, or mission) is doing.Sustainable Growth Rate (SGR) = Retention Rate× Return on EquityA crucial statistic for determining how well your organization is doing is growth month over month. Subtract the first month from the second month, then divide the result by the amount for the previous month to determine the month-over-month growth. The result is multiplied by 100 to yield a percentage.The maximum sales growth that a company can experience without needing more debt or equity financing is known as the sustainable growth rate.Learn more about growth rate here brainly.com/question/25849702
#SPJ4
Identity theft may
1. lower credit interest
2. reduce credit balances
3. affect the credit score
4. cancel debt-to-credit ratio
Answers
Identity theft may affect the credit score.
the degree to which decision-making authority is concentrated at higher levels in an organization refers to question 1 options: formalization. centralization. mechanization. departmentalization.
Answers
The degree to which decision-making authority is concentrated at higher levels in an organization refers to centralization. Centralization can be defined as the process in which decision-making authority is concentrated at higher levels of an organization. In a centralized organization, key decisions are made by top management, and lower-level employees have limited authority to make decisions.
Centralization has its advantages and disadvantages. On the positive side, centralization can help organizations to achieve consistency and uniformity in decision-making. It also allows top management to have greater control over the organization's operations, which can be particularly important in larger organizations. Additionally, centralized decision-making can be more efficient since it allows for quicker decision-making and implementation.
However, centralization also has its drawbacks. One of the main disadvantages is that it can lead to a lack of flexibility and creativity. Lower-level employees may feel disempowered and less motivated to contribute to the organization's success. Moreover, centralized decision-making can be slow and bureaucratic, particularly if top management is slow to act or if decisions need to be made at multiple levels of the organization.
In conclusion, centralization refers to the degree to which decision-making authority is concentrated at higher levels in an organization.
Know more about "decision-making".
https://brainly.com/question/16407152
#SPJ11
Which of the following types of analytical procedures involves comparing various account balances to a total amount on the same financial statement?
a. Trend Analysis
b. Horizontal Analysis
c. Vertical Analysis
d. Ratio Analysis
Answers
The correct option is c. Vertical Analysis.
The type of analytical procedure that involves comparing various account balances to a total amount on the same financial statement is Vertical Analysis.
Vertical Analysis is a method used to analyze financial statements by expressing each line item as a percentage of a common base. In this case, the common base is the total amount on the financial statement. By converting each account balance into a percentage of the total, it becomes easier to compare and identify patterns or trends within the statement.
For example, in a vertical analysis of an income statement, each revenue and expense item would be expressed as a percentage of the total revenue. This allows analysts to understand the relative importance of each item and how it contributes to the overall financial performance of the company.
Vertical Analysis helps in assessing the composition and proportionality of the financial statement elements. It provides insights into the company's financial structure and helps in identifying any significant changes or anomalies. By comparing the percentages across different periods or companies, analysts can identify shifts in the company's financial position and make informed decisions.
Therefore, The correct option is c. Vertical Analysis.
Learn more about Vertical Analysis
brainly.com/question/32698812
#SPJ11
Jagswear Inc. earned operating income of $81,000 during 2020 . The compary wants to earn operating income of $160,000 during 2020. Its fixed costs are expected to be $50.975, and variable costs are expected to be 25% of sales. Determine the required sales to meet the target operating income during 2020. Fill in the dollar amounts for the summary income statement for 2020 below based on your answer to part a.
Answers
The required sales to meet the target operating income during 2020 by Jagswear Inc. can be determined using the formula; Sales = (Target Operating Income + Fixed Costs) / (1 - Variable Cost %) = $108,800.
To determine the required sales to meet the target operating income during 2020, Jagswear Inc. should use the formula; Sales = (Target Operating Income + Fixed Costs) / (1 - Variable Cost %).
The target operating income during 2020 for Jagswear Inc. is $160,000. Its fixed costs for 2020 are expected to be $50,975 and variable costs are expected to be 25% of sales. Substituting the values into the formula; Sales = (160,000 + 50,975) / (1 - 0.25)Sales = $277,633.33 (rounded to the nearest cent). Therefore, the required sales for Jagswear Inc. to meet the target operating income during 2020 is $277,633.33. The dollar amounts for the summary income statement for 2020 can now be filled as follows:
Sales = $277,633.33, Fixed Costs = $50,975, Variable Costs = 25% of Sales = $69,408.33, Operating Income = $160,000, Net Income = Operating Income - Income Taxes = $108,800.
Learn more about variable costs:
https://brainly.com/question/31811001
#SPJ11
Complete question is:
Jagswear Inc. earned operating income of $81,000 during 2020 . The compary wants to earn operating income of $160,000 during 2020. Its fixed costs are expected to be $50.975, and variable costs are expected to be 25% of sales. Determine the required sales to meet the target operating income during 2020. Fill in the dollar amounts for the summary income statement for 2020 below based on your answer to part a?
A written contract granting permission to operate
an already existing business.
Answers
Answer:
Explanation:
A written contract granting permission to operate a business to sell products and services in a prescribed way. franchise.
How much would $20,000 due in 50 years be worth today if the discount rate were 7.5%?a. $438.03b. $461.08c. $485.35d. $510.89e. $537.78
Answers
Answer:
The present value is $537.78
Explanation:
Given
\(Future\ Value\ (FV) = \$20,000\\Time (T) = 50\ Years\\Discount\ Rate\ (R)= 7.5\%\)
Required
The Present Value(I)
To calculate the present value, we simply apply the formula for future value;
\(FV = I *(1 + R)^T\)
Substitute 20,000 for FV; 50 for T and 7.5% for R;
This gives
\(20,000 = I *(1 + 7.5\%)^{50}\)
Convert percent to decimal
\(20,000 = I *(1 + 0.075)^{50}\)
\(20,000 = I *(1.075)^{50}\)
\(20,000 = I *37.19\)
Divide both sides by 37.19
\(\frac{20,000}{37.19} = \frac{I *37.19}{37.19}\)
\(\frac{20,000}{37.19} = I\)
\(537.778 = I\)
\(I = 547.78\ (Approximated)\)
Hence, the present value is $537.78
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Answers
Sophia and Victoria spend their day at a daycare center while their mother goes to workPicking up her children after 6:30 results in a late fee of $5 per child for every 10 minutes the mother late Due to traffic the mother expects to be 20 minutes late. How much would she be willing to pay for a toll road that would get her to the daycare center on time? A) Any price less than $10.
B) Any price less than 20
C) She would not be to pay out of pocket to avoid traffic.
D) Any price less than 5$
Answers
Considering the situation described above, Sophia and Victoria's Mother would be willing to pay anything below $20.
There is a late fee of $5 per child for every 10 minutes the mother is late.
Also, given that the estimated time to be late is 20 minutes, that is $5 × 2 per child => $10.
And since there are two children involved (Sophia and Victoria), should the mother be late for 20 minutes, she would pay $10 × 2 (Child) => $20.
Hence, the mother would be willing to pay a toll road of anything less than $20 to get her to the daycare center on time. Otherwise, if the toll is more than $20, and she spent 20 minutes late, that's not economically wise.
Therefore, in this case, it is concluded that the correct answer is option B. "Any price less than $20."
Learn more here: https://brainly.com/question/17863780
how do i make a sandwich if my teacher was 35 and her husband was 3 and i was 36
Answers
Answer:
WHATTTTTTT XD
Explanation:
Can i have a brainiest i kind of need them
Also you might need therapy
Answer:
first how in heck are you till in school and sec HOW IN THE HELL IS HE 3
explanation:
A marketing agency states that online purchase practice is related to age. To test this statement a random sample of 200 persons were surveyed about their online purchase practice. This sample consist
Answers
The marketing agency found a relationship between age and online purchase practice based on a random survey of 200 individuals.
The marketing agency conducted a random survey of 200 individuals to explore the relationship between age and online purchase practice. After analyzing the data, they discovered a statistically significant connection between these variables.
The results suggest that age plays a role in online purchase behavior. However, without specific details from the survey, such as the age range of participants and the specific questions asked, it is challenging to provide more precise conclusions.
Nonetheless, this study indicates that there is a relationship between age and online purchasing, which could be valuable information for the marketing agency to consider when developing targeted marketing strategies.
To learn more about marketing
click here brainly.com/question/6988222
#SPJ11
Is a business plan a one time fee?
Answers
Answer:
i think so :)
Explanation:
????? yeah I need help again
Answers
Answer: A. sales and stock managers
Explanation:
Which player in the economy supplies labor in the factor market?
a. Government
b. Households
c. Business firms
d. Rest of the world
Answers
The player in the economy which supplies labor in the factor market is the households.
What is supply of labor?This refers to the number of labor who are willing and able to find work in an economy. The supply for labor is also the hours worked by a workers within a time period.
Hence, the player in the economy supplies labor in the factor market is the households.
Learn more about supply of labor here: https://brainly.com/question/17175566
#SPJ1
Answer: Households
HouseHolds supply the factor market.
on december 1, home store sells a mower (that costs $200) for $500 cash with a one-year warranty that covers parts. warranty expense is estimated at 8% of sales. on january 24 of the following year, the mower is brought in for repairs covered under the warranty requiring $35 in materials taken from the parts inventory. prepare the december 1 entry to record the mower sale (and cost of sale), the december 31 adjusting entry for estimated warranty liability, and the january 24 entry to record the warranty repairs.
Answers
Journal entries are basically done to record the transaction that are taking place in a business organization.
Following are journal entries:
Sept. 1
Cash 500
To Sale 500
Sept. 1
Cost of goods sold 200
To Merchandise inventory 200
Sept. 1
Warranty expense 40
To Estimated warranty liability 40
Jan. 24
Estimated warranty liability 35
To Repair part inventory
In order to document a business recorded in the accounting records of the company, a journal entry is employed. A journal entry is often made in the general ledger, but it can also be made in a special account and subsequently rolled forward towards the ledger accounts after being summarized. After then, the ledger is utilized to produce the company's financial statements.
Every business transaction should be documented in at least two places, according to the reasoning behind a journal entry.
The complete question is here:
Journal entry for product warranty
On September 1, home store sells a mower (that cost $200) for $500 cash with one year warranty that covers parts. Warranty expenses is estimates at 8% of sales. On January 24 the following year, the mower is brought in for repairs covered under the warranty requiring $35 in materials taken from the repair part inventory. Prepare the September 1 entry to record the mower sale (and cost of sale) and the January 24 entry to record the warranty repairs.
Learn more about journal entry here:
https://brainly.com/question/20421012
#SPJ4
ABC Corporation has just completed an IPO raising $100 million. The investment bankers handling the offering made total commissions of $4 million. It is most likely that this was A) a firm commitment underwriting. B) a standby underwriting. C) a best efforts underwriting. D) an all or none underwriting.
Answers
Answer:
B) a standby underwriting.
Explanation:
This is because, the investment bankers handling the ABC Corporation IPO (Initial Public Offering) listing and selling of shares would have entered into standby underwriting where they made promises to purchase whatever that remain if they were not able to complete the shares selling to the public. Fortunately, it was successful executed hence the reason why they were able to earn a commission of $4 million.
Dana solomon is a partner in the firm seiner & wliner, cpas. the firm prepared the audited financial statements of hamilton inc for the year ended dec 31, 20x1 and issued its report on february 18, 20x2. hamilton inc is publicly traded corporation. dana solomon was the lead partner in charge of the hamilton, inc audit for the year ended december 31, 20x1. dana solomon has been offered a position as the cfo of hamilton, inc. under the california accountancy act, what is the earliest date that dana solomo may accept this position?
a) january 1,20x2
b) february 19, 20x3
c) january 1, 20x3
d) february 19, 20x2
Answers
According to the California Accountancy Act, Dana Solomon can start working in this capacity no earlier than February 19, 2003. The answer of above question is option (b).
What is California Accountancy Act?The California Accountancy Act, often known as the CAA, is a liberal collection of rules created by the California Accountancy Board, a framework made up of all of California's CPAs. The Board is empowered by the Act to oversee, punish, and license CPAs. To make sure they are following the guidelines, the CPAs must examine the Act.
The California Accountancy Act (CAA), which was passed by the California Board of Accountancy, serves as the state's complete regulatory framework for CPAs.
To know more about Accountancy, visit:
https://brainly.com/question/1033546
#SPJ4
A group of investments sold as a package is a
Answers
Answer:
Fund or an Exchange Traded Fund (ETF)
Explanation:
This group of investments are generally called a Fund or an Exchange Traded Fund (ETF). These are various assets investments that are bundled together and sold as a single entity which investors can easily buy as one investment. This fund gives the investor easy exposure and diversification to these various assets in their portfolio, but also safety since each individual price affects the overall price of the fund but also protects the one another, meaning if one asset's price falls the other assets in the fund can even out the ROI with an increase in price.
It’s important to consider whether you should address an acquaintance formally or informally.
False
True
Answers
Answer:
True
Explanation:
Im sorry please forgive me I messed up big time
Suppose 10-year t-bonds have a yield of 5.30% and 10-year corporate bonds yield 6.75%. Also corporate bonds have a 0.25% liquidity premium versus 0 liquidity premium for T-bonds and the maturity risk premium on both treasury and corporate 10-year bonds is 1.15%. What is the default risk premium on corporate bonds?
Answers
Answer:
1.20%
Explanation:
Calculation for What is the default risk premium on corporate bonds
Using this formula
Default risk premium=Corporate yield-T-bond yield-LP, corporate bond only
Let plug in the formula
Default risk premium=6.75%-5.30%-0.25%
Default risk premium=1.20%
Therefore the default risk premium on corporate bonds is 1.20%
A firm has $2.5 million in sales, a Lerner index of 0.85, and a marginal cost of $25, and competes against 1000 other firms in its relevant market. 1.a. What price does this firm charge its customers? 1.b. By what factor does this firm mark up its price over marginal cost? Interpret your result. 2. An industry consists of three firms with sales of $300,000, $450,000, and $550,000. 2. a. Calculate the Herfindabl:Hitschman index (HHI). 2. b. Calculate the four-firm concentration ratio
Answers
Learn more about marginal cost
brainly.com/question/14923834
#SPJ11
Charles is at a savings bank applying for home mortgage loans.
He needs to borrow $150,000. The loan period is 30 years and
the interest rate is 6.25%.
Use the Loan Calculator e to answer the following question. (Do
not use commas or dollar signs in your answers.)
How much will Charles pay each month?
Answers
Charles has to pay $923.58 per month to repay the loan of $150,000 in 30 years at 6.25% interest.
What is EMI?EMI refers to regular payments made to repay the outstanding borrowed amount.EMI stands for Equated Monthly Installment.
Given,
Loan = $150,000
Time = 30 years
Interest = 6.25%
Required to calculate EMI on monthly bases
Calculation of EMI on monthly bases is shown in the image given below
Thus, Charles has to pay $923.58 per month to repay the loan.
Learn more about EMI here:
https://brainly.com/question/27587721
#SPJ1
Gabriel Joseph has begun a new delivery and warehousing business. To begin his deliveries, he has leased a new truck. The 0ve-year lease arrangement provides formonthly payments based on the $35,000 cost of the truckand an a greedonrate of 1 5 percent compounded monthly.What will Mr.Joseph's lease payment be each month?
Answers
Which one of the following is NOT a Quality of Life issue used to help make global location decisions
a. Culture
b. All of the Above
c. Economy
d. Education
Answers
Economy is NOT a Quality of Life issue used to help make global location decisions.
The correct option is (c).
An economy is a device of inter-associated manufacturing and intake sports that in the end decide the allocation of assets within a group. The manufacturing and consumption of goods and services as an entire fulfill the wishes of those dwelling and operating within it.
An economy is an area of the production, distribution and change, as well as consumption of products and offerings.
In standard, it's miles described as a social area that emphasize the practices, discourses, and fabric expressions related to the manufacturing, use, and control of scarce assets'.
Learn more about economy here : https://brainly.com/question/1106682
#SPJ4
Receivables turnover is: O a profitability ratio O an asset utilization ratio O a debt utilization ratio O a liquidity ratio Question 8 1 pts Among the liquidity ratios, one would include: O current ratio and quickratio O receivables turnover and inventory turnover O capital asset turnover and total asset turnover O receivables turnover and total assetturnover
Answers
Receivables turnover is a financial ratio used to measure how quickly a company collects cash from its credit sales.
It is calculated by dividing net credit sales by the average accounts receivable balance. This ratio falls under the category of asset utilization ratios, as it measures how efficiently a company is using its assets to generate sales.
Among the liquidity ratios, on the other hand, one would include the current ratio and quick ratio. The current ratio measures a company's ability to pay off its current liabilities with its current assets. It is calculated by dividing current assets by current liabilities. The quick ratio, also known as the acid-test ratio, is a more stringent measure of liquidity as it excludes inventory from the calculation. It is calculated by dividing quick assets (current assets - inventory) by current liabilities.
In summary, while receivables turnover is an important ratio to measure how efficiently a company is utilizing its assets, it does not fall under the category of liquidity ratios. Among the liquidity ratios, one would include the current ratio and quick ratio, which measure a company's ability to meet its short-term obligations.
For more about Receivables turnover:
https://brainly.com/question/16447941
#SPJ11
Why is international trade important to most countries?
A. Trade allows countries to acquire natural resources not found in
their own territories.
B. Trade ensures that countries will not create trade deficits that
harm their economies.
C. Trade protects countries from economic competition with
neighboring countries.
D. Trade encourages countries to produce all the goods their citizens
need.
Answers
The transfer of welfare's, services, commodities among the nation for financial gain is called international trade.
The correct answer is:
Option A. Trade allows countries to acquire natural resources not found in their territories.
This can be explained as:
Import and export of sources between the countries allow the nation to grow their market and assets.Because of the international trade modes, the availability of the assets not produced in their country is available for the citizens to utilize.It gives more employment and hence improves the nation's economy.Therefore, trade allows countries to avail resources that are found in their region.
To learn more about international trade follow the link:
https://brainly.com/question/20344185
Answer:
A
Explanation:
When the federal reserve increases the federal funds rate, how would it impact the economy?
Answers
When the federal reserve increases the federal funds rate, then it impacts many consumer interest rates, including deposits, bank loans, credit cards, and adjustable-rate mortgages. The FFR indirectly influences even longer-term interest rates.
Central bank cut interest rates when the economy slows down in order to re-invigorate economic activity and growth. Rates go up when the economy is hot. The goal of cutting rates is to reduce the cost of borrowing so that people and companies are more willing to invest and spend.
Interest rates changes spill over to many facets of the economy, including mortgage rates and home sales, consumer credit and consumption, and stock market movements.
Learn more about federal fund rate here:
https://brainly.com/question/8431971
#SPJ4
Match each of the following statements to the type of economic system that it
Record your responses in the spaces provided.
characterizes.
Answers
Types of economic system: (1). Traditional economy - ritual, habitat, or custom. (2). Economic system - Allocation of resources. (3). Command economy - central authority (4). Market economy - demand and supply
What is economy?The performance through which a country or location organizes its medium of exchange, commercial enterprise, and trade is concerned to as its “economy.” The economy is the important part of the country. The primary sector of the economy is the industrial sector, financial and agriculture sector.
Types of economic system:
Traditional economy - system in which economic activity is the result of ritual, habitat, or custom.
Market economy - system in which economic activity is driven by supply, demand, and the price system.
Economic system - efficient way of allocating resources and producing and distributing goods and services in a society.
Command economy - economic system in which a central authority makes the major economic decisions.
As a result, the conclusion of the economic system as the fill of space are the aforementioned.
Learn more about on economy, here:
https://brainly.com/question/951950
#SPJ9
Your question is incomplete, but most probably the full question was.
Match each of the following statements to the type of economic system that it characterizes. Record your responses in the spaces provided.
______system in which economic activity is the result of ritual, habitat, or custom.
______system in which economic activity is driven by supply, demand, and the price system.
_______efficient way of allocating resources and producing and distributing goods and services in a society.
________economic system in which a central authority makes the major economic decisions.
Traditional economyEconomic systemCommand economyMarket economyMathematics You are a delivery man ager at Blue Bag, a wholesale bakery. The bakery employs two drivers and owns two trucks. Each truck can deliver up to 175 crates of bread per day. The bakery has standing orders for 340 crates a day, but a new supermarket is opening up, and you expect orders to increase 225%. If you hire two more drivers, you can run two shifts. Will it be enough? Write a paragraph explaining how you found your answer.
Answers
So, if you hire two more drivers, you can run two shifts and so this will be enough.
Here, we take into account that each truck has a maximum capacity of 175 boxes of bread and that the bakery has 2 trucks. So, in order to find the maximum order capacity, multiply the number of boxes of bread by the number of trucks:
175 × 2 = 350
So, if you hire two more drivers, then you can run two shifts and so this will be enough in order to deliver the orders on time. As, after hiring there will be more people who can work to deliver.
Hence, after hiring two more drivers, you can run two shifts, which will be enough.
To learn more about maximum capacity here:
https://brainly.com/question/19708394
#SPJ1
Do you think this is a method that you would use? How might using this method benefit you?
Answers
I think qualitative methods are a valuable tool for research. They can be used to gain a deeper understanding of people's experiences and perspectives, which can be helpful in developing new theories and interventions.
Benefits of using qualitative methodsThey can provide a deeper understanding of people's experiences and perspectives.
They can be used to explore complex issues in more depth.
They can help to identify the underlying causes of problems.
They can be used to develop new theories and interventions.
I could conduct in-depth interviews with people who have experienced a particular phenomenon and I could hold focus groups with people to get their feedback on a new product or service.
Learn more about qualitative method on
https://brainly.com/question/968894
#SPJ1
Do you think this is a qualitative method that you would use? How might using this method benefit you?