Answer:
federal loans are provided by the government and private loans are provided by banks, credit unions, and other financial institutions.
Explanation:
Answer:
B. Internal Revenue Code.
Explanation:
The federal tax laws of the U.S. are jotted under Title 26 in the U.S. Code. The Internal Revenue Code has been headed under Title 26. The laws have been divided and organized separately. The income tax, gifts, and excise taxes are arranged by dividing them into subtitles. Internal Revenue Service has been assigned the task of looking into the implementation of the laws.
Answer:
Parent's beginning of the year Retained Earnings
Explanation:
"The equity method is an accounting technique used by a company to record the profits earned through its investment in another company. With the equity method of accounting, the investor company reports the revenue earned by the other company on its income statement, in an amount proportional to the percentage of its equity investment in the other company.
When the investor has a significant influence over the operating and financial results of the investee, it can directly affect the value of the investor's investment. The investor records its initial investment in the second company's stock as an asset at historical cost. Under the equity method, the investment's value is periodically adjusted to reflect the changes in value due to the investor's share in the company's income or losses. Adjustments are also made when dividends are paid out to shareholders."
Reference: Tuovila, Alicia. “Equity Method Definition.” Investopedia, Investopedia, 8 Oct. 2019
Answer:
The corresponding budgets in column B from which dollar amounts are transferred directly is paired correctly with the budgets listed in Column A.
as shown in the explanation section below
Explanation:
Solution
Given that
COLUMN A COLUMN B
1.Budgeted Income statement – (e)Sales Budget
2.Budgeted Balance sheet – (d)Payables Budget
3.Flow Cash Budget – (a)Direct materials budget
4. cost of goods sold – (b)cost of goods sold Budget
5.production Budget – (c)production Budget
Note: This is the complete question to this example.
Complete question
Identify the budgets in Column B from which dollar amounts are transferred directly in constructing the budgets listed in Column A.
Column A
1. Budgeted income statement
2. Budgeted balance sheet
3. Cash flow budget
4. Cost of goods sold budget
5. Production budget
Column B
a. Direct materials budget
b. Cost of goods sold budget
c. Production budget
d. Payables budget
e. Sales budget
f. Budgeted income statement
Given:
Principal, P = 26500
term=5 years
Monthly payment, A = 695
Question: Find interest rate
Solution:
Unless there is a table available, there is no explicit formula to calculate interest. However, the interest rate can be solved for using the formula to calculate the monthly payment, as follows.
Substituting
P=26500
i=monthly interest rate to be found
A=monthly payment=695
n=5*12=60 months
Rearrange to give successive estimates of i by
I(i)=(695/26500)*((1+i)^60-1)/(1+i)^60
Try initial estimate of i=0.02 (2% per month)
I(0.02)=0.0182
I(0.0182)=0.01736
I(0.01736)=0.01689
....
Eventually we get the value to stabilize at i=0.016265, or
Monthly interest =
1.6265% (to four decimal places)