QUESTION 6
Maui Candy Company borrowed $400,000 to purchase a new building. Maui Candy signed a promissory note to repay the loan in 10 equal installments due
at the end of each year, starting one year from now. If the loan has a 5% interest rate, what is the amount of each payment?
O A. $31,802
O B. $245,564
OC. $51,802
O D. $42,000

The gomez company, a merchandising firm, has budgeted its activity for december according to the following information: • sales at $500,000, all for cash. • merchandise inventory on november 30 was $250,000. • the cash balance at december 1 was $20,000. • selling and administrative expenses are budgeted at $50,000 for december and are paid for in cash. • budgeted depreciation for december is $30,000. • the planned merchandise inventory on december 31 is $260,000. • the cost of goods sold represents 75% of the selling price. • all purchases are paid for in cash. the budgeted cash disbursements for december are:

4. the condition requires that only one of the selected criteria be true for a record to be displayed.

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided