Answer and Explanation:
The amortization schedule is presented below:
Date Cash Interest expense Amortization Balance
A B C = (A - B)
January 1, Year 1 $58,998
D
End of Year 1 $3,944 $3,717 $227 $58,771
E = D - C
End of Year 2 $3,944 $3,702.573 $241 $58,530
End of Year 3 $3,944 $3,687.39 $257 $58,273
End of Year 4 $3,944 $3,671 $273 $58,000
Working notes:
For computing the missing amount first we have to find out the interest expense rate which is
= $3,717 ÷ $58,998
= 6.30%
For year 2,
The interest expense is
= $58,771 × 6.30%
= $3,702.573
For year 3,
The interest expense is
= $58,530 × 6.30%
= $3,687.39
Answer:
Please refer explanation
Explanation:
A. Many small shops sell different styles of sweaters. Some stores sell higher-quality and more expensive sweaters then other stores.
1. many
2. differentiated
3. easy
4. price-searcher
Monopolistic competition is whereby there are many firms selling similar products and services but are not perfect substitutes. They may be different in quality, design or style. Barriers to entry are low and any one firm’s decision does not necessary affect all others. These firms tend to have limited price setting powers and they make use of heavy adverting and brand differentiation.
B. Hundreds of high school students who require tutoring in algebra choose among dozens of tutoring companies offering similar services.
1. many
2. standard
3. easy
4. price-taker
Perfect competition is a market structure where there are many firms selling homogenous or commodity products, such as a fruit or vegetable vendor. They do not have the ability to influence the price and they take the price that they receive. There is free flow of information between sellers and buyers regarding the goods sold as well as the prices of goods and services sold. Firms can easily enter and exit the market.
C. Four Internet providers offer similar services to almost everyone in the city. Any new company would have to engage in a price war with the existing companies.
1. few
2. standard
3. challenging
4. oligopoly
Oligopoly is an imperfect market structure with a small number of firms who are impacted by each other’s actions. Oligopolies may collide either explicitly or tacitly in order to restrict output or fix prices and achieve above normal market returns. Government policies and regulations are placed to encourage or discourage oligopolistic behavior and ensure that consumers are not exploited.
D. Only one pharmaceutical company has a government patent to sell an experimental drug.
1. one
2. unique
3. impossible
4. monopoly
A monopoly refers to a single company dominating the market in an industry. It has a proportionately large market share. This can be due to an absence of proper restraints. They have control of the price in the market for that product. There are very large batters to entry and exit, they exploit economies of scale and are able to make abnormal profits in the industry.
Answer:
Abstraction
Explanation:
Abstraction can be defined as the doing way of some details that are not too necessary so that the main subject or features have maximum attention.
absstraction is very important in the aspect of object oriented programming
It should be noted that the process of paying attention to important properties while ignoring nonessential details is Abstraction.
The type of
selection that is being described in the scenario above is directional selection.
It is because directional selection is when one favors a specific thing out of
the variation that is continuous in which we can refer the farmers selecting
increased oil content over many of the generations.
