Answer:
Debit to interest expense for $4, 400
Explanation:
The journal entry is shown below:
Interest expense A/c Dr $4,400
Notes payable A/c Dr $10,808
To Cash A/c $15,208
(Being the due payment is recorded)
For due payment, we debited the interest expense and the notes payable account and credited the cash account as cash is paid for the first annual payment due on the note
Answer:
Explanation:
Ordinary Annuity = Investment * PVAF(Interest, number of years)
Ordinary Annuity = $710 * PVAF(4%,5 years)
=$710 * 4.4518
=$3160.79
Where are the answers? Don't have much to work with...
The selection of the best answer from the choices provided for an insurance premium offered by the AA Auto Insurance is <em>a. $50. 04</em>.
Insurance coverage is a service offered by an insurer (insurance company) to the insured. If the assured suffers some financial losses., the insurer reinstates the assured to their financial position before the event. For rendering the service, the insurance company collects from the insured some amount, monthly, quarterly, or annual charges called a premium.
Thus, based on the options given, the best insurance premium is <em>a. $50.04.</em>
Learn more about calculating the monthly insurance premium here: brainly.com/question/25280754 and brainly.com/question/19655618
Answer: A demand curve is built on the assumption that only the demand and price of the good/service will change.
Explanation: A demand curve is a graph that shows the change in how much demand may change if price of the good/service changes well. The graph helps connect the relationship between both price and demand