All of the following are true statements about the relationship of education employment except:

On January 1, 2021, Strato Corporation borrowed $2 million from a local bank to construct a new building over the next three yea

VLD [36.1K]

Answer:

Period Installment Interest Paid Capital Paid Balance

January 1, 2021 $2,000,000

December 31, 2021 $776,067 $160,000 $616,067 $1,383,933

December 31, 2021 $776,067 $110,715 $665,352 $718,581

December 31, 2021 $776,067 $57,486 $718,581 0

Explanation:

Step 1

First clearly identify the parameters of the Loan

PV = $2,000,000

N = 3

PMT = - $776,067

P/YR = 1

i = 8%

FV = $0

Step 2

Since there is no missing parameter, we can then move on to construct our loan amortization schedule.

Period Installment Interest Paid Capital Paid Balance

January 1, 2021 $2,000,000

December 31, 2021 $776,067 $160,000 $616,067 $1,383,933

December 31, 2021 $776,067 $110,715 $665,352 $718,581

December 31, 2021 $776,067 $57,486 $718,581 0

8 0

2 years ago

Can someone help me with this please:):)

ratelena [41]

Number 4 bottom answer

Explanation:

I know the first bit which is Total Utility is consumer satisfaction with all consumption for definite.

6 0

2 years ago

Union Company reported the following information about the production and sale of its only product during the first month of ope

AleksAgata [21]

Answer:

C) $200.00

Explanation:

Absorption Product Cost = Direct Labor + Direct Materials + Variable Overheads + Fixed Overheads

Thus, we need to Calculate the Total Cost of Goods Manufactured as follows :

Direct materials used $160,000

Direct labor $100,000

Variable factory overhead $60,000

Fixed factory overhead $80,000

Total Cost of Goods Manufactured $400,000

Then Calculate the product cost per unit

Product cost per unit = Total Cost / Total Production

= $400,000 / ($315,000/$225.00 + 600)

= $400,000 / 2,000

= $200.00

Note : Total Production = Units Sold plus Ending Finished Goods Inventory

3 0

2 years ago

Allison robards is the owner of backstreet books, a small eclectic-style bookstore in a bustling college town. allison prides he

Taya2010 [7]

Having recently completed a business class, you suggest to Allison that she calculate the "inventory turnover" ratio for her store, and then compare it to other stores in her industry.

Inventory turnover is a ratio indicating how often an organization has sold and supplanted stock amid a given period. An organization would then be able to partition the days in the period by the inventory turnover equation to ascertain the days it takes to move the stock close by. It is determined as deals separated by normal stock. Computing inventory turnover can enable organizations to settle on better choices on valuing, fabricating runs, how to use advancements to move overabundance stock, and how and when to buy new stock. Inventory turnover may likewise be found by partitioning cost of merchandise sold with normal stock.

7 0

2 years ago

Read 2 more answers

Bill has always taken his dry cleaning to Tom's Dry Cleaning, Inc. One morning while Bill is in a hurry, he walks in the door of

blondinia [14]

Answer: C. an implied contract.

Explanation:

An Implied Contract is one that arises as a result of the way one or both of the parties involved in the contract acts towards the other.

Unlike an Express Contract, it need not be written down but it does have the same legal weight and strength of a written contract.

The basic principle of this contract is that people should always be treated fairly in business transactions so the need to always pen it down is not necessary.

By walking in and leaving his clothes at the laundry, Bill got into an Implied Contract as it would be unfair for Tom to just clean his clothes with no payment.

3 0

2 years ago