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3 years ago

The monthly payment on an 8%, 36-month, add-on loan for $10,000 would be

1 answer:

7 0

Add on method is
A method of calculating interest whereby the interest payable is determined at the beginning of a loan and added onto the principal. The sum of the interest and principal is the amount repayable upon maturity.
The interest is
I=10,000×0.08×(36÷12)=2,400

Add the interest to the principle
2,400+10,000=12,400

Monthly payment is
12,400÷36months=344.44

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Managerial accounting information: Select one: a. follows GAAP in the reporting process. b. can be tailored to the needs of the

saveliy_v [14]

Answer:

b. can be tailored to the needs of the internal user.

Explanation:

Managerial accounting information is basically for internal users, and is not aimed to provide information to external users. It aims of future projections.

It need not follow the US GAAP process, as there is no statutory requirement.

Shareholders are considered external for this purpose, as internal ones are, management, employees, labor etc:

Therefore, it does not help shareholders.

It does not report any kind of business results, it only aims to regulate transactions and accordingly planning future goals.

Therefore, correct option is

b. can be tailored to the needs of the internal user.

7 0

3 years ago

Cheyenne Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first y

qaws [65]

Answer:

Feb. 1

Debit : Cash (48,000 x $52) $2,496,000

Credit : Preferred Stock (48,000 x $50) $2,400,000

Credit : Paid in excess of Par - Preferred Stock $96,000

July 1

Debit : Cash (66,000 x $56) $3,696,000

Credit : Preferred Stock (66,000 x $50) $3,300,000

Credit : Paid in excess of Par - Preferred Stock $396,000

Explanation:

With Par value stocks, any amount paid in excess of par is placed in a reserve - Paid in Excess of Par as shown in the journals above.

5 0

3 years ago

The government sector get its income mostly from exports to other countries.

barxatty [35]

Answer:

False

Explanation:

The government sector derives its main incomes from taxes.

3 0

3 years ago

In what circumstances is it ethical for public speakers to use emotional appeals when speaking to persuade? Are there any kinds

Soloha48 [4]

Answer and explanation:

Emotional appeals are ethically valid in persuasive speeches when the speaker wants to emphasize a specific matter that is relevant for the audience to understand. By showing anger, pity or fear the speaker tries to put into the audience's shoes but immediately after that exposes the solution to the possible problem.

However, there might be cases when emotional appeals could be taken too personal which turns the speech subjective. The speaker must avoid getting to that point otherwise the audience will be unlikely to identify themselves with what the speaker is trying to expose.

6 0

3 years ago

A lot of designer clothing companies will send free clothes to celebrities with hopes that the celebrities will wear their cloth

Kazeer [188]

Answer:

Celebrity endorsement.

Explanation:

The complete question is...

A lot of designer clothing companies will send free clothes to celebrities with hopes that the celebrities will wear their clothing in public and attract more customers to the brand. what mode of end? What mode of endorsement are these clothing companies trying to achieve?

Celebrity endorsement uses a celebrity's fame or social status to promote a product, brand or service. It is mostly associated with the fashion and beauty brands, and the goal is that the positive image of the celebrity be reflected onto the product or the brand. Celebrity endorsement has been used by some brands to promote their businesses into a multi-billion dollar company, and is also very lucrative for the celebrity, whose contract deals can run into hundreds of millions of dollars.

8 0

4 years ago