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2 years ago

Use the following chart to explain how the loan repayment period affects the total cost of the loan.

1 answer:

6 0

Loan 1 and Loan 2 have the same principal and interest rate but different monthly payments and total loan costs, therefore, the loan repayment periods would be different.

<h3>What is the loan repayment period?</h3>

The loan repayment period refers to the time it takes to repay a loan.

When the amount being repaid is smaller, the loan repayment period tends to be longer, and vice versa.

Data and Calculations:

Loan Repayment Principal Interest Rate Monthly Total cost

Period Payment of the loan

Loan 1 5 years $5,000 6.47 percent $98 $5,866

Loan 2 10 years $5,000 6.47 percent $57 $6,804

Thus, the loan repayment periods are affected by the monthly payments and total costs to reflect the loan terms.

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A sale of treasury stock may result in a decrease in paid-in capital. All decreases should be charged to Paid-In Capital from Sa

ivanzaharov [21]

It is False that a sale of treasury stock may result in a decrease in paid-in capital. All decreases should be charged to Paid-In Capital from Sale of Treasury Stock.

<h3>Treasury stock</h3>

A sale of treasury stock results in an increase in the paid-in capital of the company like explained below:

If the sale of the treasury stock is made above the price of its repurchase, there is again that is credited in the paid-in capital creating an increase in the paid-in capital account
Vice versa, i.e. if the sale price is below the price of repurchase of stock, there is a decrease in the company's retained earnings as the loss leads to a reduction in the profit.

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1 year ago

Cindy May Bakery, Inc. reported a prior-period adjustment in 2018. An accounting error caused net income of prior years to be

slava [35]

Answer:

Retained Earnings at December 31, 2018 is $89,000

Explanation:

Adjusted Retained Earnings at December 31, 2017 = Retained Earnings at 31 December 2017 - Overstated amount = $44,000 - $8,000 = 36,000

Retained Earnings for 2018 = Net income - dividend = $78,000 - $25,000 = $53,000

Cindy May Bakery, Inc.'s statement of retained earnings for the year ended December 31, 2018

Details $

Adjusted Retained Earnings at December 31, 2017 36,000

Retained Earnings for 2018 <u> 53,000 </u>

Retained Earnings at December 31, 2018 <u> 89,000 </u>

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3 years ago

In the instrumental exchange stage, _____. A.your primary concern will be to avoid trouble for yourself B. you will stick to you

xxMikexx [17]

Answer:

c. you are careful not to violate the rights of others

Explanation:

and also to follow the law

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3 years ago

A falling price level is a symptom of an unhealthy economy, if prices have fallen due to _________. It is symptom of a healthy e

Marta_Voda [28]

Answer:

A decrease in the demand for goods and services; an increase in the supply of goods and services.

Explanation:

In the case of the unhealthy economy, if the price is fall so it is because of reduction in the demand of the products and services while on the other hand if there is a healthy economy and now the price is fallen so it is because of the supply of the goods and services are rised up.

Therefore the last option is correct

And, the rest of the options are incorrect

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3 years ago

An upscale restaurant offers a special fixe prix menu in which, for a fixed dinner cost, a diner can select from four appetizers

Oxana [17]

I guess the answer is 240.

By the <em>mn</em> rule, there are 240 different dinners that are available since,

4×3×4×5 = 240 different dinners

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3 years ago