Answer:
$34,100
Explanation:
The interest on the installment note for the first year is a function of both the face value of the note and interest rate of 11%
Interest expense on the first annual payment=$310,000*11%
Interest expense on the first annual payment=$34,100
The amount principal repayment in respect of the first annual payment is the amount of payment which is $52,639 minus the interest portion of the payment.
The Principal portion of the first payment=$52,639-$34,100=$18,539
There are two shoe stores in a small town. Store a is selling a pair of running shoes for $ 39.50. If it costs Store a $ 40 to order this pair of shoesfrom the factory, then Store A is practicing predatory pricing.
This store is most likely selling running shoes below the cost of production to drive the other shoe<span>store out of business or at least to discourage them from selling the same running shoe.</span>
Virtual Reality can be used by Dax, so that his client will be able to walk through a digital version of a house before actual building.
<h3>What is Virtual Reality?</h3>
Virtual Reality can be regarded as a computer-generated environment which looks like a real life environment with scenes and objects .
Therefore, Dax can use Virtual Reality to shows his clients about his house digitally.
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The accounts and amounts that will be reported on the company's balance sheet as pension assets are:
1. Pension Plan Assets: The amount reported will be equal to the projected benefit obligation of the company.
2. Accrued Pension Benefit Liability: The amount reported will be equal to the difference between the projected benefit obligation and the pension plan assets.
The Pension Plan Assets account will be reported as the current market value of the pension plan assets.
The Accumulated Benefit Obligation account will be reported as the projected benefit obligation, which is the current value of the benefits that will be owed to employees in the future.
The difference between these two amounts is the company's net pension assets or liabilities.
For example, if the projected benefit obligation is $3 million and the pension plan assets are $2.5 million, the net pension assets would be reported as a liability of $0.5 million.
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