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kvv77 [185]
4 years ago
6

The payment of a portion of the amount initially borrowed of an installment note is referred to as a.principal only. b.interest

only. c.any amount able to be paid. d.principal and interest.
Business
1 answer:
emmasim [6.3K]4 years ago
6 0

Answer:

Option A Principal Amount

Explanation:

Because the amount paid additional to the interest is repayment of loan which is the principal amount. So the option A is only correct. The other options discusses about interest which is not the portion of the amount initially borrowed.

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mr_godi [17]

Answer A

Explanation:

8 0
3 years ago
Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its
umka2103 [35]

Answer:

Estimated manufacturing overhead rate= $34.57 per machine hour.

Explanation:

Giving the following information:

Acheson Corporation applies manufacturing overhead based on machine-hours.

Estimated manufacturing overhead $ 157,300

Estimated machine-hours 4,550

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 157,300/ 4,550= $34.57 per machine hour.

4 0
3 years ago
Which of these describes information that can appear in a consumer’s credit report?
Rama09 [41]

Answer:

A. The name of a company that gave the consumer a car loan two years ago

Explanation:

A credit report is the statement that contains the information related to your credit activity & the present credit situation like history of loan payment, the status of your credit accounts. This would help lenders to use these reports whether they will give you loan and if they are agree than what rate of interest they would offer you

So according to the given situation, the option A is correct

6 0
3 years ago
Tony charges $5 to park a car in his parking lot. He pays $40 per day to rent the lot. If 50 cars park in his lot during the day
77julia77 [94]

Answer:

He earns after expenses: $210

Explanation:

If 50 cars park in his lot during the day, he will earn:

50*$5= $250

But he must include expenses to know his real profit. The only expense that the problem states is the lot rent, which is $40 per day. Expenses must be subtracted from his earnings:

$250-$40= $210

On a day, he earns after expenses: $210

4 0
3 years ago
According to the Bureau of Labor Statistics, the actual unemployment rate was 8.3% in February 2012 and the natural rate of unem
padilas [110]

According to the Bureau of Labor Statistics, the actual unemployment rate was 8.3% in February 2012 and the natural rate of unemployment was 5.2%. The<u> cyclical</u> unemployment rate was <u>3.1</u>%.

<u>Explanation:</u>

Unemployment is when an individual who is able to work and is also willing to work at the wage rate which is prevailing in the market, does not get work. There are some types of unemployment like cyclical, structural, frictional and so on.

Cyclical unemployment is the rate of unemployment that occurs in the different phases of the trade cycle. Because of high rate of actual unemployment rate in 2012, the cyclical rate of unemployment was also around 3%.

4 0
4 years ago
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