On January 1, 2018, Benbrook Company purchased equipment and signed a six-year mortgage note for $160,000 at 15%. The note will be paid in equal annual installments of $42,278, beginning January 1, 2019. Calculate the balance of Mortgage Payable after the payment of the first installment
(Round your answer to the nearest whole number.)
A) $24,000
B) $117,722
C) $141,722
D) $120,702
C) $141,722
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When additional profits can be made with a slow exit from a market, a(n) ________ strategy can be a good source of short-run profits
A) monetize B) invest C) divest D) harvest E) optimize
Rivera Inc, a leading mobile manufacturer in the United States, manufactures a new product similar to its existing line of high-end smart phones to meet the demands for a low-cost product in the developing countries
They also plan to use new ads that are more sensitive to those countries. In this case the product marketing strategy used by Rivera is referred to as ________. A) mono adaption B) product extension/ communication adaptation C) dual extension D) dual adaptation
Beckenworth had cost of goods sold of $11,221 million, ending inventory of $3889 million, and average inventory of $2145 million. Its days' sales in inventory equals: (Use 365 days a year.)
A. 56.4. B. 69.8 days. C. 56.7. D. 126.5 days. E. 0.3.
Accrued expenses are ordinarily reported on the balance sheet as
A) assets B) liabilities C) fixed assets D) prepaid expenses