Answer:
$55.07
Explanation:
In this question we use the PMT formula that is shown in the attachment
Given that,
Present value = $4,850
Future value or Face value = $0
Interest rate = 6.50% ÷ 12 = 0.54%
NPER = 10 years × 12 = 120 years
The formula is shown below:
= PMT(RATE;NPER;-PV;FV;type)
The present value come in negative
So, after solving this, the monthly payment is $55.07
1. Time value of money
2.Personal depositary income
3.store of value
4.consumer credit
Answer:
<em>a. Select Process Multiple Reports from the Reports menu.</em>
Explanation:
Quickbooks enables you to print a batch of reports.
One might want to <em>print a series of monthly reports for your files using this function</em> (e.g. monthly Profit and Loss and Balance Sheet reports).
Because Quickbooks is unable to handle several Report Center files, one must start with the Report menu.
To start - Select Multiple Reports from the Reports menu to show a report group.
Answer:
affect both income statement and balance sheet accounts
Explanation:
Adjusting entry is commonly said to affects one income statement account which is the revenue or expense account. It also affect one balance sheet account which can be an asset or liability account. It usually result in a better revenues and expenses matching for the period.
They are refered to as the entry usually made at the end of at the end of the period to a given or assigned revenues to the period in which they were earned and expense to the period of being incurred.
Adjustments had five major categories which are accrued revenues, accrued expenses, unearned revenues, prepaid expenses, and depreciation. It is widely known that for every adjusting entry, it must affects at least one income statement account and one balance sheet account.
