This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: During the year, Tempo Inc has monthly cash expenses of 115,000 . On December 31, its cash balance ... (Read 170 times)

karateprodigy

  • Hero Member
  • *****
  • Posts: 550
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cam1229

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

A


karateprodigy

  • Member
  • Posts: 550
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

FergA

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

The carbon cycle. Numbers are storage as 1015 g or fluxes as 1015 g per year (data from Schlesinger The carbon cycle. Numbers are storage as 1015 g or fluxes as 1015 g per year (data from Schlesinger
Why Different Constellations Are Visible at Different Times of the Year Why Different Constellations Are Visible at Different Times of the Year
"To begin the pull-back exercise, grasp wrists, then lean back and balance." "To begin the pull-back exercise, grasp wrists, then lean back and balance."
Energy Balance Is Achieved When Energy (Calories) In Equals Energy (Calories) Out Energy Balance Is Achieved When Energy (Calories) In Equals Energy (Calories) Out
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ... Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ...
Video: Sigmoidoscopy

For a complete list of videos, visit our video library