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 78 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
Excellent

AngeliqueG

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Sodium Balance Sodium Balance
Do you know how kangaroos balance their body Do you know how kangaroos balance their body
Nitrogen Balance and Imbalance Nitrogen Balance and Imbalance
The average weight gain between Thanksgiving and New Year's Day is about a pound The average weight gain between Thanksgiving and New Year's Day is about a pound
Food vs Cash: Which Is More Effective for Alleviating Hunger? Food vs Cash: Which Is More Effective for Alleviating Hunger?
A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ... A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ...
Video: Four Giant Convection Cells oF Earth

For a complete list of videos, visit our video library