Answer:
Monthly payment = $469.701
Explanation:
<em>Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest. </em>
The monthly equal installment is calculated as follows:
Monthly equal installment= Loan amount/Monthly annuity factor
Loan amount = 20,000
Monthly annuity factor =
=( 1-(1+r)^(-n))/r
r- Monthly interest rate (r)
= 6/12= 0.5%
n- Number of months ( n) = 20 × 4 = 48
Annuity factor
= ( 1- (1.005)^(-48)/0.005= 42.5803
Monthly installment= 20,000 /42.5803 = $469.701
Monthly installment = $469.701
Monthly payment = $469.701
Answer:
when it involves two or more buyers buyers and sellers
Answer:
1. Dr Cash 665
Cr Advance from customer 665
2. Dr Cash 685
Cr Other income 685
3. Dr cash 18675
Cr Account receivable 18675
4. Dr Account receivable 9600
Cr Sales revenue 9600
5. Dr Cash 8000
Cr Account receivable 8000
6.Dr Utility expense 395
Utility expense payable 395
7. Dr Supplies 1255
Cr Accounts payable 1255
8. Dr Accounts payable 2600
Cr Cash 2600
9.Dr Salaries and wages expense 12200
Cr Cash 12200
Explanation:
Answer:
C. Both (i) and (ii) are true
Explanation:
Under perfect price discrimination, consumer surplus doesn't exist since the supplier is selling the good or service at the maximum price that each consumer is willing to pay. This situation maximizes supplier surplus.
Under perfect competition, both supplier and consumer surplus exist.
Since total social surplus = supplier surplus + consumer surplus, total surplus should be the same in both situations.
You will need...A. insurance in the event of a proffesional mishap.
