Answer:
Regression analysis
Explanation:
Regression Analysis involves looking at past behavior to predict future behavior. By looking for predictors within past data, it can be determined how well those factors can predict a future outcome.
Answer:
Interest Expense 696 Interest Payable 696
Explanation:
Based on the information given the appropiate adjusting journal entry to be made on December 31, 2022 for the interest expense accrued to that date, If we assumed that no journal entries have been made previously to accrue interest is:
December 31, 2022
Dr Interest Expense $696
Cr Interest Payable $696
($34800*8%*3/12)
(To record interest expense accrued)
The answer to your question is going to be challenge
Answer:
True
Explanation:
A mortgage loan is done to purchase or create real state or by existing property owners to raise funds for any purpose, in both cases, while putting a lien on the property being mortgaged.
The collateral will be the property, because is the item pledged to guarantee the repayment of a loan.
Foreclosure or repossession:
The act upon which the lender will take possession and sell the property to pay off the loan in the event the borrower fails to perform the payment in terms.
Answer:
B. minus$2,000.
Explanation:
The computation of the economic profit is shown below:
As we know that
Economic profit = Total revenue - Explicit costs - Implicit costs
= $35,000 - $30,000 - $7,000
= -$2,000
The implicit cost is come from
= $70,000 ×10%
= $7,000
We simply applied the above formula so that the economic profit could come
