Answer:
The monthly loan interest = $350
Explanation:
<em>Loan amortization (repayment mortgage)</em>
A repayment mortage is such that a mortgage is repaid using a series of equal installments . Each installmet pays the interest accrued and a portion of the loan
<em>Interest only-mortgage</em>
On the other hand, under an interest only mortgage the borrower is required to pay only the interest due on the loan monthly , the principal can be paid in a lump sum at the end of the loan period.
The advanatage of an interest only mortgage is that it makes mortgage very accessible and affordable. However, the borrower will still be owing the principal amount of the mortgage at the end of the loan period, which might mean a cash flow pressure.
We can work out the monthly pay for an interest only mortgage as foolws:
Monthly repayment =( Loan amount× rate (%) × year)/(year × 12)
The monthly loan interest = (56,000× 7.5% × 15)/12×15
=$350
The monthly loan interest = $350
The method used to calculate direct materials on the schedule of cost of goods manufactured is this: add purchases to beginning raw materials inventory and subtract <u>Cost of the </u><u>ending </u><u>raw materials. </u>
<u />
<h3>How to calculate direct materials</h3>
The formula used to calculate direct materials on the schedule of cost of goods manufactured is this: Beginning raw materials + Purchases - Cost of the ending raw materials.
This figure is important because it can be used to calculate the total manufacturing cost incurred during production.
Learn more about direct materials here:
brainly.com/question/26245657
Answer:
310.5 activity rate per employee
Explanation:
Number of employees:
135 Car Rental
65 TruckRental
200 total
We have to distribute the total cost over the cost driver, in this case numebr of employee
62,100/200 = 310.5 activity rate
Answer:
Pages and pages of detailed facts and figures
Explanation:
Endless pages of detailed fact and figures are not necessary for a new small business a concise and financial information should suffice.
There are three primary parts to a business plan:
The first is the business concept, where you discuss the ibusiness you are in to, your business structure, your particular product or service, and how you plan to make your business a success.
The second is the marketplace section, in which you describe and analyze potential customers (target market): who and where they are, what makes them buy and so on. Your unique niche and selling point Here, you also describe the competition and how you'll position yourself to beat it.
The financial section contains your income and cash flow statement, balance sheet and other financial ratios, such as break-even analyses. This part may require help from your accountant and a good spreadsheet software program.
Answer:
C) a high level of organizational commitment.
Explanation:
Since Jacklyn loves her job, admires her boss, believes in goals and vision of company. Also, she can't imagine looking for or finding a better job. Jacklyn likely demonstrates a high level of organizational commitment.
Hence, she's not ready to bear the cost or difficulty associated with leaving or finding another job and thus desires to remain at her present company.
