Answer:
27.14 months
Explanation:
to calculate how long it will take to pay the loan, we can use an excel spreadsheet and the NPER function:
=NPER(rate,payment,-loan)
- payment = 630
- rate = 1.03
- loan balance = 14,850
=NPER(1.03%,630,14850) = 27.14 months
Answer:
Income and all the costs and adjustments to these figure will go to Income Statement
These include Revenue, Selling, general, and administrative expenses, Adjustments to reconcile net income to net cash provided by operations and Income tax expense. Net income will be calculated by simply deducting costs from the sales amount.
The above mentioned will go to Income statement.
The remainder are part of balance sheet and in the balance sheet we record Assets, Liabilities and Equity transactions.
Following are Assets:
Ending cash balance, Total assets and Cash spent to acquire the building,.
Following are the Liabilities:
Current liabilities, Income tax payable and Long-term debt.
Following are the Equity items
Common stock and Ending balance of retained earnings.
These mentioned above relates to Balance sheet and will be reported there.
It is crucial and vital that the implementation of the planning section of a systems proposal report address: training, communication, and support of the system.
<h3>What is the planning section of a system?</h3>
The planning section of a system is an integral part of action planning. The Head of the Planning Section conducts briefing sessions, offers crucial advice on targets, and predicts future requirements.
The Planning Section is a member of the leadership team in charge of setting incident objectives and strategies for the specified operating period.
Therefore, we can conclude that it is crucial and vital that the implementation of the planning section of a systems proposal report address: training, communication, and support of the system.
Learn more about the Planning section here:
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