On March 1, 2018, Mandy Services issued a 3% long-term notes payable for $15,000. It is payable over a 3-year term in $5000 principal installments on March 1 of each year, beginning March 1, 2019. Each yearly installment will include both principal repayment of $5000 and interest payment for the preceding one-year period. What is the amount of total cash payment that Mandy will make on March 1, 2019?
A) $5000
B) $5450
C) $15,000
D) $5225
B) $5450
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Colin has inherited $6,000 from the death of Grandma Anna. He would like to use this money to buy his mom Hayley a new scooter costing $7,000, two years from now
Will Colin have enough money to buy the gift if he deposits his money in an account paying 8 percent compounded semiannually?
With good management, all variability of output from any goods- or service-producing process can be eliminated
Indicate whether the statement is true or false
Data from Estrin Corporation's most recent balance sheet and income statement appear below: This YearLast YearAccounts receivable$104,000? $102,000? Inventory$150,000? $179,000? Sales on account$706,000? Cost of goods sold$542,850? The average sale period for this year is closest to: (Round your intermediate calculations to 2 decimal places.)
A. 101.0 days B. 110.6 days C. 58.9 days D. 50.2 days
Affective choices tend to be holistic in nature.
a. true b. false