Answer:
The cost of the truck is:
$10,200
Explanation:
a) Data and Calculations:
Quarterly payments = $850
Rate of interest on the loan = 8%
Annual payments = $3,400 ($850*4)
Payments for the three years' duration = $10,200 ($3,400*3)
b) The truck cost of $10,200 includes the interest at 8% of the loan borrowed. This finance charge is capitalized as part of the cost at which the truck will be reported in the accounting records of the company.
Answer:
The cost is $4,000
Explanation:
The house was rented for 5 weeks during the year.
Cost of rent per week = $800
Cost of rent for 5 weeks = 5 × $800 = $4,000
Cost of maintaing the house for the year is $4,000
Answer:
B . Moody's
Explanation:
There are three major companies that provide credit rating services in the US. They are
- Standard and Poor (S&P)
- Moody’s Investor Services
- The Fitch Group
Each agency uses unique letter-based scores to indicate if a debt has a low or high default risk and the financial stability of its issuer.
Answer:
rent expense 200 debit
prepaid rent 200 credit
--to record expired rent--
Explanation:
Timeline:
<-----//-------//---------------------->
Jan 1st Jan31th
The amount paid is for six month of rent. So, 1,200 is the value of six month.
So each month is worth 1,200 / 6 = 200
Ad the end of the month we will reduce the prepaid and recognize the rent expense for January
Answer:
d. Finding reliable professionals to represent your interests.
Explanation:
A mutual fund is a combination of different investment instruments, including shares, bonds, and other money market securities. The combined investment instruments trade as a single investment tool. Someone investing in a mutual fund will be buying small units of shares, bonds, and securities of different companies. A mutual fund is a good example of portfolio investment.
Fund managers manage mutual funds. A fund manager is a skilled and experienced person or entity in the money markets. Their main role is to select the securities that form a mutual fund. They pick investment instruments that maximize their clients' returns. An investor does not need a representative in a mutual fund; the fund manager's track record is what should concern them.