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AnnZ [28]
3 years ago
6

WHAT IS THHE PAYMENNT CREDITOR?

Business
1 answer:
dusya [7]3 years ago
7 0
A creditor is someone that gives or provides credit to a person or to a company. This someone an either be a person, a bank or a supplier in which they want to owe someone their money. This someone is called the creditor. The amounts or the money owed to the creditor are recorded in a company's balance sheet. When the time came for the creditor to pay the amount, then that will be the payment creditor.
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Renata has a home loan for $150,000 at 7.5% interest for 30 years and her payment is $987.00 per month (including principal and
Katena32 [7]

Answer:

First payment=$149,950.50

Second payment=$149,901

Explanation:

Annual amount of interest paid=$150,000×7.5%

=$150,000×0.075

=$11,250 per annum

monthly interest= annual interest /12

=$11,250/12

=$937.50

As given,

Principal & interest payment=$987

Monthly principal payment= principal & interest payment - monthly interest

=$987-$937.50

=$49.50

First month payment= original loan - monthly principal payment

=$150,000-$49.50

=$149,950.50

Second month payment= first month payment- monthly principal payment

=$149,950.50-$49.50

=$149,901

8 0
3 years ago
Which of the following benefits do franchisees enjoy over other small business owners? Select the two correct answers.
Alenkinab [10]

The following benefits a franchisee enjoys over <u>other small business owners</u> is:

  • <u>A. Franchises benefit from the successful marketing provided by franchisors.</u>
  • <u>D. Franchises have a lower 5-year failure rate than other small businesses</u>

A franchise is a business that operates by using the services of a franchisor who is in charge of <u>branding the company</u> and a franchisee who uses the name of the brand to do business and <u>pays a royalty fee</u>.

<em>Small business owners</em> are people who do the marketing, branding, packaging and sales by themselves <u>without necessarily involving the services of a marketer</u>.

Some of the benefits of a franchisee over <u>small business owners</u> are the facts that:

  1. They benefit from the successful marketing the franchisors provide
  2. They have a lower failure rate after 5 years.

  • Therefore, the correct answers are options A and D

Read more here:

brainly.com/question/1411359

4 0
2 years ago
Read 2 more answers
A company uses a periodic inventory system sells a single product that had a beginning inventory of 5,000 units with a total cos
MAVERICK [17]

Answer:

D) $115,000

Explanation:

beginning 5,000 at cost of       $  35,000

purchase 12,000 at $9 each = $ 108,000

total units  available for sale 17,000

ending                            <u>        (4,000)   </u>

sold units:                              13,000

Under LIFO we first sale the newest units those are the purchased ones.

we will sale the 12,000 purchased unit  --> $108,000

13,000 - 12,000 = 1,000 there is still 1000 more unit to sale oso we take themfrom beginning inventory

and 1000 of the beginning inventory:

35,000 / 5,000 x 1,000 =  7,000

total cogs = 108,000 +7,000 = 115,000

6 0
3 years ago
Amount Financed (m) = $500 Number of Payments per year (y) = 12 Number of Payments (n) = 12 APR (I) = 17% c = $
sergejj [24]
Hi there!

The answer to your problem is c = $46.04

Your friend, ASIAX
7 0
3 years ago
Possible careers related to my results that appeal to me most include:
daser333 [38]

Explanation:

ummmmn I don't get this lol

3 0
2 years ago
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