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Author Question: During the year, Tempo Inc has monthly cash expenses of 115,000 . On December 31, its cash balance ... (Read 178 times)

karateprodigy

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on: Jul 5, 2018
During the year, Tempo Inc has monthly cash expenses of 115,000 . On December 31, its cash balance is1,437,500 . The ratio of cash to monthly cash expenses is
 a. 8.0
  b. 12.5
  c. 87.5
  d. 11.5

Question 2

On January 1, 2011, Zenith, Inc, signed a 200,000, 5, 20-year mortgage note to buy a new office building. The mortgage will be repaid in a series of twenty equal annual installment payments.
 
  Over the 20-year period, as each installment payment is made, the portion of the payment that is used to reduce the principal will ________.
  A) increase
  B) decrease
  C) stay the same
  D) The answer cannot be determined from the information given.


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cam1229

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Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

A


karateprodigy

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Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

lindahyatt42

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Reply 3 on: Yesterday
Wow, this really help

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