Answer:
interest
7000
4822
2493
amortization
31,105
33,283
35,612
amount paid
31,105
64,388
100000
Explanation:
We have to solve for the interest on the outstanding loan
we build up the loan schedule:
![\left[\begin{array}{ccccccc}$Year&$Beg&$quota&$interest&$amortization&$ending&$amount paid\\1&100000&38105&7000&31105&68895&31105\\2&68895&38105&4822&33283&35612&64388\\3&35612&38105&2493&35612&0&100000\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccccccc%7D%24Year%26%24Beg%26%24quota%26%24interest%26%24amortization%26%24ending%26%24amount%20paid%5C%5C1%26100000%2638105%267000%2631105%2668895%2631105%5C%5C2%2668895%2638105%264822%2633283%2635612%2664388%5C%5C3%2635612%2638105%262493%2635612%260%26100000%5C%5C%5Cend%7Barray%7D%5Cright%5D)
We multiply the beginning loan by the 7% interest expense to get the interest
then, we subtract from the quota the interest and get the amortization.
We subtract the amortization from the beginning outstanding balance and get the ending balance.
Based on peter drucker's list of common practices of successful managers, should isabel mcdonald get the newly created executive position.
No, because she focuses on problems and uses intuition.
Based on the intuition, a manager would be made able to make decisions quick and effectively in complex and new situations.
Intuition in the management helps to identify a goal in life as well as in business. It is a part of the subconscious mind and therefore it can help identify dreams which match personal values and goals similarly in any business management it helps in making correct decisions.
To know more about intution here:
brainly.com/question/16153253
#SPJ4
Answer:
Date Account titles and explanations Debit Credit
December 31 Unearned fees $1,000
Earned fees $1,000
Explanation:
Revenue is only registered when it is undoubtedly received, because of the concept of income recognition. The sum of $1500 is unearned money, because it is merely a credit to deliver the service. $1000 will be registered as salaries at year-end, and the same amount will be deducted from unearned revenue.
Answer:
Estimated manufacturing overhead rate= $69 per machine hour.
Explanation:
Giving the following information:
Aaron allocates overhead costs based on machine hours. The estimated machine hours for the coming year are 8,000 hours. Manufacturing overhead costs for the coming year are $ 550,000.
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base= 550000/8000= $69 per machine hour.