If the amortized loan repaid annually with $400, with interest of $45 and rate of 4 percent, the amount of principal in the last month is $530.18
How to solve for the principal amountPayment at the end of year 1 = 400
Year increments = 45
Last Payment made = 1480
years left after first payment
[tex]\frac{1480-400}{45} = 24[/tex]
= (1480 - 400) / 45 = 24
Length of the loan = 24 plus 1 = 25 years( the 25th year payment is 1480)
The payment made in the 14th year
400 + (13x45)
= 985
Calculation of Loan balance After 13 Years
25 - 13 = 12
formula for the present value of the loan = P*[1 - (1+r)^-n / r ] + G*[ ((1+r)^n - 1 / r^2*(1+r)^n) - n / r*(1+r)^n ]
P = amount of loan In 14th Year
= 985
r = 4%
n = Number of years = 12
G = 45
We have to put the values in the formula
present value loan balance = 985*[1 - (1+4%)^-12 / 4% ] + 45*[((1+4%)^12 - 1 / 4%^2*(1+4%)^12) - 12 / 4%*(1+4%)^12 ]
Balance after a period of 13 years = 11,370.45
Amount of interest to be paid in the 14th period = Loan balance * Interest rate
= 111370.45 x 0.04
= $454.82
Principal amount = Payment - Interest
Payment = 985
P = 985 - 454.82
Therefore the Principal is = $530.18
The amount of principal after the 14th payment is $530.18
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if one were to consume an entire pickle should they run a pickle consuming business
Answer:
no...................
Explanation:
lol
Answer:
no
Explanation:
cause like? It would be extremely hard to get investors to invest when you can only consume one pickle at a time, try 5
Select all that apply Identify the principles of internal control by selecting the correct answers below. (Check all that apply.)
A. Perform regular and independent reviews.
B. Apply technological controls. Insure assets.
C. Separate recordkeeping from custody of assets.
D. Record assets at cost. Maintain adequate records.
E. Match revenues with expenses in the same accounting period.
F. Establish responsibilities.
The principles of internal control include the following:
A. Perform regular and independent reviews.
B. Apply technological controls. Ensure assets.
C. Separate recordkeeping from the custody of assets.
D. Record assets at cost. Maintain adequate records.
E. Match revenues with expenses in the same accounting period.
F. Establish responsibilities.
What is internal control?Internal control is the system of controls instituted by management to:
Provide reasonable assurance of the financial and accounting informationSafeguard the assets of the companyEnsure the integrity of its operations.The five components of an internal control framework include:
Control environmentRisk assessmentControl activitiesInformation and communicationMonitoring.Thus, the principles of internal control include all the options.
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A hardware store advertises a 3/8" Black and Decker Power Drill for $29.95. You enter the store intending to purchase the drill. The salesperson informs you that they are all sold out. She tells you that the sale drills were factory seconds and that if you are going to be doing any kind of serious woodworking, you should buy the Model 3309, which sells for $49.99. This scenario has elements of which type of illegal pricing practice? a. conditional bargains b. predatory pricing c. bait and switch d. price fixing e. price discrimination
Answer: c. Bait and switch
Explanation:
The illegal pricing practiced in the above scenario is referred to as bait and switch. Bait and switch is a sales tactic whereby businesses or companies claims they've certain products which are usually of low prices or quality in order to lure customers to them and when the customers arrive, they usually tell the customers that the goods are not available and tell them to buy an identical good which is costlier.
This is the method used by the hardware store that advertises a 3/8" Black and Decker Power Drill for $29.95 and when the customer gets to the store, it was unavailable and the customer was told to buy Model 3309, which sells for $49.99.
The following information is from the materials requisitions and time tickets for Job 9 completed by Great Bay Boats. Materials requisitions are identified by code numbers starting with the letter M, and the time tickets start with T. Estimated (applied) overhead for Job 9 is $1,400. Date July 1 July 1 July 5 July 5 July 10 Document M-46 T-33 M-47 T-34 T-35 Amount $ 1,250 60e 1, eee 450 300 Prepare a job cost sheet for Job 9, which includes costs for direct materials, direct labor, overhead, and total cost.
Prepare a job cost sheet for Job 9, which includes costs for direct materials, direct labor, overhead, and total cost.
The preparation of the job cost sheet for Job 9 for Great Bay Boats is as follows:
JOB COST SHEET: Job 9Direct Materials Direct Labor Overhead
Date Materials Requisition Amount Time-Ticket Amount Amount
Number Number
July 1 M-46 $ 1,250
July 1 T-33 $600
July 5 M-47 1,000
July 5 T-34 450
July 10 T-35 300
July 10 Applied overhead $1,400
Total $2,250 $1,350 $1,400
Total costs = $5,000
What is a job cost sheet?A job cost sheet is a record of all the costs involved in the production of a single job or job segment.
The job cost accounting system segregates costs by job using job cost sheets.
The job cost sheet helps to determine how much each job costs in order to determine the price per unit or job.
Data and Calculations:Date Document Amount
July 1 M-46 $ 1,250
July 1 T-33 600
July 5 M-47 1,000
July 5 T-34 450
July 10 T-35 300
Thus, the total costs for Job 9 are $5,000.
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Introduction to Career Planning
Introduction to Career Planning Unit Test
10. Which statement most accurately describes what can happen to jobs in a bad economy? (1 point)
More jobs become available as goods and services become more expensive.
More jobs become available as goods and services become less expensive.
Fewer jobs become available as goods and services become more expensive.
Fewer jobs become available as goods and services become less expensive.
Answer:
Fewer jobs become available as goods and services become more expensive.
Two people, each of whom has two children, are getting married, and they are buying a house together. They ask the real estate professional for advice about how to take title. What advice should the real estate professional offer
Suggesting that they consult with an attorney is the most appropriate advice which the real estate professional should offer.
Who is an Attorney?This is a professional who practices law and is usually involved in real estate matters through documentation of transfer of ownership.
The transfer of ownership helps to prevent issues in the future and shows the land was legally acquired which is why Attorney is the most appropriate choice.
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E-mail is usually a formal mode of business communication. Please select the best answer from the choices provided T F.
Answer:
F
Explanation:
No because at those formal period email wasn't created the formal mode of business communication was letter through the use of type writters
Answer:
false
Explanation:
Choose the correct category for each of the following software examples. Device driver: Word processor Email program Operating system: Mouse software: Web browser: DONE
Answer:
device driver : system software
word processor: application software
email program: application software
operating system : system software
mouse software: application software
web browser : application software
Explanation:
Answer:
device driver : system software
word processor: application software
email program: application software
operating system : system software
mouse software: application software
web browser : application softwareExplanation:
LCD Industries purchased a supply of electronic components from Entel Corporation on November 1, 2021. In payment for the $24 million purchase, LCD issued a 1-year installment note to be paid in equal monthly payments at the end of each month. The payments include interest at the rate of 12%.
Required:
1. Prepare the journal entry for LCD’s purchase of the components on November 1, 2021.
2. Prepare the journal entry for the first installment payment on November 30, 2021.
3. What is the amount of interest expense that LCD will report in its income statement for the year ended December 31, 2021?
Based on the details given by LCD Industries such as the amount of the note and the interest rate, the journal entries are:
Date Account title Debit Credit
Nov. 1 2021 Inventory $24,000,000
Note payable $24,000,000
Nov. 30, 2021 Interest expense $240,000
Note payable $1,892,366.66
Cash $2,132,366.66
Amount of interest to be reported in income statement = $481,076.33.
What are the journal entries?Inventory will be debited with the payment amount of $24 million. This amount will also be credited to the Note payable account.
The interest expense will be:
= 24,000,000 x 12% x 1/12 months
= $240,000
Cash payment:
= Amount / Present value interest factor of annuity, 1 year, 12%
= 24,000,000 / 11.2551
= $2,132,366.66
What is the amount of interest to be reported in the income statement?= Interest expense in November + (Note amount - note payable for November ) x 1%
= 260,000 + (24,000,000 - 1,892,366.66) x 1%
= $481,076.33
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What were the original intentions of government’s involvement with business?.
Answer: The initial goal of the government's participation in business was to preserve business property, enforce business contracts, settle business problems, and settle and collect taxes.
human resources department
Explanation:
Human resources is the set of people who make up the workforce of an organization, business sector, industry, or economy. A narrower concept is human capital, the knowledge and skills which the individuals command. Similar terms include manpower, labor, personnel, associates or simply: people.
If two brokerage firms create an alliance in an attempt to prevent another brokerage firm from competing in the marketplace, what may the two firms be liable of. ?
Answer:
A.) Group boycotting
Explanation:
mark me brainliest!!
Identify the true statements about materials and requirements planning (MRP) outputs and their use. (Check all that apply. ) Multiple select question. The secondary reports of MRP outputs are schedules of the planned order releases. Numerous changes made to the master production schedule is acceptable. An exception report is generated if a major difference between actual performance and the MRP plan occurs. MRP outputs include primary and secondary reports. MRP assumes that parts produced or received from suppliers are defect-free and delivered as scheduled
The true statements about materials and requirements planning (MRP) outputs and their use are:
A. The secondary reports of MRP outputs are schedules of the planned order releases.
C. An exception report is generated if a major difference between actual performance and the MRP plan occurs.
D. MRP outputs include primary and secondary reports.
E. MRP assumes that parts produced or received from suppliers are defect-free and delivered as scheduled.
What are materials and requirements planning?Materials and requirements planning (MRP) ensures that the right quantities of materials are available when needed for production. MRP produces three main reports, including:
Sales order prioritiesBills of MaterialsMaterial Requirement Plans.Thus, the true statements about materials and requirements planning (MRP) outputs and their use are Options A, C, D, and E.
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Which sentence is an example of an I-statement?
1.This is by far the worst report you have ever submitted.
2.Your report has so many mistakes that we can’t use it.
3.I am unhappy to learn that you overlooked crucial details in the report. We just lost a potential client.
4.I guess the person who wrote this report didn’t understand the consequences of submitting poor-quality work.
Answer:
I have no clue
Explanation:
AND also its your bff
Answer:
1.This is by far the worst report you have ever submitted.
Explanation:
What are some benefits of using computers for accounting purposes?.
9 Advantages to Using Computerised Accounting Systems
Automation. To make sure that all calculations are correct and accurate it is important to use something other than pen and paper. ...
Data Access. ...
Accuracy. ...
Reliability. ...
Speed. ...
Security. ...
Scalable. ...
Visuals.
Ned represents Sofia in the sale of her townhome. Luciana represents Sofia's buyer, Arturo. What is Luciana's responsibility to Sofia
Ned represents Sofia in the sale of her town home. Luciana represents Sofia's buyer, Arturo. Disclosure that the buyer will not have the funds for the down payment unless they sell their current home. Thus, option (d) is correct.
Sofia is reportedly selling her town house in this circumstance. As Arturo's buyer, Luciana speaks for Sofia. The buyer won't have the money for the down payment unless they sell their present property, and Luciana has a duty to Sofia to make sure that happens.
The usage of funds from the borrower is reserved for all other transactions; a down payment is only relevant to buy transactions. The principal amount of the loan subject to this Closing Disclosure less the purchase price is simply referred to as the Down Payment.
As a result, the significance of the Luciana's responsibility to Sofia are the aforementioned. Therefore, option (d) is correct.
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Your question is incomplete, but most probably the full question was.
Ned represents Sofia in the sale of her town home. Luciana represents Sofia's buyer, Arturo. What is Luciana's responsibility to Sofia?
- Assist Sofia in performance of tasks that Sofia needs to accomplish in order to get a successful closing.
- Contact the tax assessor's office for an estimate of real property taxes.
- Disclosure of the fact that the buyer is a registered sex offender.
- Disclosure that the buyer will not have the funds for the down payment unless they sell their current home.
Changes in inventories are included as part of investment spending because anything produced by a business that has.
who has instagram? if u do say sum
Answer:
sum i do
Explanation:
Answer:
mines lilj.udah2
Explanation:
add me
After buying some lumber from your local home supply store, you realize that you need to attach a red flag from the end of the lumber because it is hanging out behind your vehicle at least ____ feet.
Answer: After buying some lumber from your local home supply store, you realize that you need to attach a red flag from the end of the lumber because it is hanging out behind your vehicle at least __4__ feet.
After buying some lumber from a local home supply store, we need to attach a red flag from the end of the lumber because it is hanging out behind my vehicle at least 4 feet.
What is lumber?Lumber is wood that has been processed into dimensional lumber, including beams and planks or boards, a stage in the process of wood production. It is mainly used for construction framing, as well as finishing floors, wall panels, and window frames.
Lumber is not only used not only for building homes but also for many other reasons. Lumber is sometimes referred to as in England, while in most parts of the world especially in the United States and Canada the term timber refers specifically to unprocessed wood fibre, such as cut logs or standing trees that have yet to be cut.
Rough lumber is the raw material for furniture-making and the manufacture of other items requiring cutting and shaping.
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True or False: The ending balance in your checkbook ledger is different from the bank statement when you have written checks that haven't yet been cashed.
Answer:
true
Explanation:
hope this helps!
Gdp – to be, or not to be…counted? that is the question
directions: for each of the following, determine whether or not it is counted in gdp. if it’s counted, then tell me whether its consumption, investment, government spending, net exports, rent, wages, interest or profit. if it’s not counted, then explain why.
1. paris hilton earns $7.50/hr working at the local grocery store.
2. koko purchases a brand new toyota tundra made in san antonio.
3. the united states marine corps invades austin, texas and in the process spends $5 billion. austin surrenders.
4. on vacation, hugo chavez purchases a goofy hat at walt disney’s magic kingdom. he then declares himself supreme leader of tomorrow land.
5. my father-in-law receives a monthly check for the oil pumped off of his property.
6. intel spends $300 million building a semiconductor factory in san jose, costa rica.
7. intel spends $300 million building a semiconductor factory in san jose, california.
8. former british prime minister tony blair decides to start a boy band and purchases a used volkswagen euro van in which to tour south texas.
9. john deere tractor receives payment from lindsey lohan for a new tractor.
10. mr. mayer buys himself a $500,000 house that was built 50 years ago. it burns to the ground the next day. uninsured.
This prompt has to do with the classification of activities that should comprise of the Gross Domestic Product (GDP).
What is GDP?Gross Domestic Product (GDP) is defined as the sum total of all finished goods and services manufactured within the borders of an economy.
1. Paris Hilton earns $7.50/hr working at the local grocery store. (To be counted - Wages)
2. Koko purchases a brand new Toyota tundra made in san Antonio. (To be counted - Consumption)
3.The united states marine corps invades Austin, Texas and in the process spends $5 billion. Austin surrenders. ( To be counted - Government Spending)
4. On vacation, Hugo Chavez purchases a goofy hat at Walt Disney's magic kingdom. He then declares himself the supreme leader of tomorrow's land. (The purchase of the hat is Consumption)
5. My father-in-law receives a monthly check for the oil pumped off of his property. (To be counted - Rent/Royalty)
6. Intel spends $300 million building a semiconductor factory in San Jose, Costa Rica. (To be counted - Consumption)
7. Former British prime minister Tony Blair decides to start a boy band and purchases a used Volkswagen euro van in which to tour south Texas. (To be counted - Consumption)
8. John Deere tractor receives payment from Lindsey Lohan for a new tractor. (to be counted - Consumption by Lohan)
9. Mr. Mayer buys himself a $500,000 house that was built 50 years ago. it burns to the ground the next day. uninsured. (To be counted from the perspective of the seller)
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Object permanence is formed near the end of the preoperational stage of development. Please select the best answer from the choices provided T F.
According to Jean Piaget who promoted the Theory of Cognitive Development the child goes through four important stages of mental development which include the Sensorimotor Stage.
What is Sensorimotor stage of development?During the sensorimotor stage, children learn through their sensors to explore their surroundings. the main goal for the sensorimotor stage is Object permanence.
The pre-operative phase is the second phase in Piaget's theory of cognitive development. This stage starts at about two years and lasts until about seven years.
During this time, children are thinking figuratively but have not yet developed mental functioning.
The pre-operative phase of development is the second phase of the cognitive theory of development.
Thus, according to this, it is false that object permanence is built near the end of the Preoperational Stage because it was built near the end of the Sensorimotor Stage. The statement given is false.
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Answer:
IT'S FALSE
Explanation:
I I took the test
Developing goals and preparing various budgets to achieve those goals is part of ______,.
Multiple-choice planning is known as the process of developing goals and preparing various budgets to achieve those goals.
What is Multiple Choice Planning?This refers to the integrated process where plans are formulated and developed and budgets are prepared in order to help achieve those goals.
Hence, we can note that in this planning method, various plans are put into place in order to achieve the objectives of a given organization and make sure that its financial targets are met.
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An individual who wants to earn a living from a new business endeavor has decided to start his business as a not-for-profit organization. How can he earn money under this arrangement?
A. A not-for-profit organizing can earn profits for its owner through stock sales
B. The not-for-profit classification only applies to the sales of goods, not services
C. If he later incorporates his not-for-profit business, he can keep the profits from the transition
D. A not-for-profit business is allowed to use income to pay employees a reasonable salary
Answer:An incorporated business that puts all of its profits back into the business is a corporation. They are used by those common people and it can help the others who need the money. This will secure that the funds of these corporation will be shared also into its members incase of emergency.
Answer:
D. A not-for-profit business is allowed to use income to pay employees a reasonable salary
Explanation
just did it
Which term is defined as a program in which cities identify blighted inner-city neighborhoods, acquire the properties from private owners, relocate the residents and businesses, clear the site, build new roads and utilities, and turn the land over to private developers
Answer: The term you're looking for is called Urban Renewal.
Explanation:
Answer:
Urban Renewal.
Explanation:
took test and it is correct answer
A milestone occurring in which of these increments of time will be the farthest to the left on a timeline?
Answer:
3 Years
Explanation:
Hope this helps! Please let me know if you need more help, or if you think my answer is incorrect. Brainliest would be MUCH appreciated. Have a great day!
The demand curve for the product of a firm in a competitive market is ________, and the demand curve for the product of a monopolist is ________.
Answer:
horizontal; downward sloping are your answers. :)
Economies of scale in production, minimizing factor input cost, and reacting to exchange rate movements are all ways in which an mne can _____.
Answer:
Cut costs
hope this helps
you can blank/what your tax liability through proper financial planning
Answer:
Hsdinabdkeakabeeisbsbdjhsuq
Which of the following scenarios is a circumstance in which it would be ethical to practice confidentiality? a. Your friend tells you her new business idea that will make her rich b. Your coworker tells you they are planning on clocking in early to make more money c. Your boss asks you to email your personal information for non-work purposes d. Your friend asks you not to report that you’ve seen them steal company property Please select the best answer from the choices provided A B C D.
Answer:
A
Explanation:
Answer:
C
Explanation: