Use the Following to Answer Questions

question 49

Multiple Choice

Use the following to answer questions
Present and future value tables of $1 at 3% are presented below:

-Micro Brewery borrows $300,000 to be paid off in three years.The loan payments are semiannual with the first payment due in six months,and interest is at 6%.What is the amount of each payment?

• A)$ 55,379.
• B)$106,059.
• C)$ 30,138.
• D)$ 60,276.

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Definitions:

Corporate Function

Essential activities or roles within an organization that support its core business operations, such as human resources, finance, and IT.

Flexible Budget

A budget that adjusts or varies with changes in volume or activity, allowing for more accurate costing and financial planning.

Dye Costs

The expenditures associated with dyes or coloring agents used in the manufacturing process of products.

Skeins

Lengths or coils of yarn or thread as they are sold or produced, often used in textiles and knitting.