Answer: A. incorrect because part of each payment is to principal and to interest. Therefore, only a portion of the payment goes to interest, so the full amount should not be included when computing the rate of interest paid.
Explanation:
When paying back a loan, there are two components to the periodic interest payment. The first component is the interest payment. This is the payment to compensate the borrower for loaning out the money and is based on the interest rate and the principal left to be repaid.
The second component goes towards repaying the principal of the loan which in this case is $10,000. When computing the periodic interest rate therefore, the entire amount paid per period should not be used as it would inflate the interest rate.
Answer:
Cash flows from Financing Activities $4,000
Explanation:
Computation of cash flows from financing activities
Additional short-term borrowings $20,000
Less Cash dividend paid ($16,000)
Cash flows from Financing Activities $4,000
Therefore the Cash flows from Financing Activities will be $4,000.
Answer:
31 Dec 2021 Interest Expense $667 Dr
Interest Payable $667 Cr
Explanation:
The bond will pay the interest at maturity. However, following the accrual basis of accounting requires to match the revenue and expenses for a period and requires such transactions to be recorded in their respective periods. The year end adjusting entry will be made on 31 December 2021.
The interest expense for the period from August to December, 5 months, will be recorded on 31 December 2021 as interest expense and credit to interest payable.
The interest expense is = 16000 * 0.1 * 5/12 = $666.67 rounded off to $667
Answer:
Task-oriented
Explanation:
Task-oriented leaders focus on getting necessary tasks done to accomplish set objectives. These leaders are concerned with finding step-by-step solutions needed to meet set goals. The leaders will often define the roles required, put structures in place, organise necessary resources, and monitor progress towards accomplishing tasks within the team.
Explanation:
The following is contextual translation of the <em>English</em> sentences to Spanish sentences:
Question 1:
Un hombre sacando una bolsa de garaje de una lata en una cocina.
Question 2:
Una mujer en un dormitorio poner una hoja en una cama.
Question 3:
Un hombre de pie en una sala de estar aspirando una alfombra.
Question 4:
Una mujer en un estudio desempolva un escritorio con un paño.
