Answer:
Explanation:
The interest expense would be
= Borrowing amount × annual rate of interest
= $80,000 × 8%
= $6,400
And, the principal would be
= Annual payment - interest expense
= $20,037 - $6,400
= $13,637
The principal balance on January 1, 2019 would be
= Borrowed amount - principal repaid amount
= $80,000 - $13,637
= $66,363
The interest expense would be
= Borrowing amount of 2019 × annual rate of interest
= $66,363 × 8%
= $5,309
And, the principal would be
= Annual payment - interest expense
= $20,037 - $5,309
= $14,728
Answer:
1. $31,000
2. $40,000
Explanation:
1. Computation of bad debt expenses for the year
Bad debt expenses = Credit sales × Bad debts expenses
= $1,550,000 × 2%
= $31,000
2. Computation of year end balance
Year end balance = Beginning balance + Bad debt expense - Written off
= $31,000 + $31,000 - $22,000
= $40,000
Therefore for computing the bad debt expenses and year end balance we simply applied the above formula.
Answer:
No debt of any kind.
Explanation:
Then the firm has “no debt of any kind” because the company has the equity multiplier ratio is 1.
We have given the return on assets is 15 % and the same return is on the equity that is 15%.
Thus, the equity multiplier ratio can be calculated by dividing the total assets / total equity.
Equity mulitplier ratio = Total Assets / Total equity.
<span>The conclusion for this action should the Fed predicts inflation and wants slow the economy by decreasing money supply. Because the budget for these activities is significant, but you are in no hurry. You plan to retire in this house. As you are considering your options, you read that the Federal Reserve has abruptly decided to sell a significant quantity of government securities in the coming months.</span>
That would be known as taxable income
