Answer: Get a life
Explanation:
Because you need to learn it yourself
$50,000 is the principal amount.
When you initially apply for a house loan, you borrow a certain amount of money, which is known as the principle. Simply deduct your down payment from the final selling price of your house to determine your mortgage principal.
The formula for calculating the Principal amount would be P = I / (RT) where Interest is Interest Amount, R is Rate of Interest and T is Time Period.
I = $ 500
RT= .12 X 30/360
So,
P = I/RT
P= 500/0.01
P= $50,000
Holly loaned funds at 12 or 30 days and earned $500 in interest. The principal amount on this loan is $50,000
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Answer:
$15,000,000
Explanation:
The amount, related to the defined benefit plan that the company should report in the year-end financial statements as a liability in connection with the defined benefit pension plan in the balance sheet is <u>the net off Projected Benefit Obligation and Fair value of the plan assets.</u>
<u />
<u>Hence, P</u>rojected benefit obligation at year end $60,000,000 - The fair value of the plan assets at year-end is $45,000,000 is $15,000,000
<u>The firm has a funded plan and reports a $15,000,000 net assets</u>
The current or checking account typically has very high liquidity, low or no interest, and low minimum balance. The current or checking account usually used for the daily transaction and they have a similar trait like the e-cash<span>. The current or checking account is one of three types of the bank deposit account.</span>
Financial accounting Indicate whether each phrase is more descriptive of financial accounting or managerial accounting.
<h3>What is
Financial accounting?</h3>
Financial accounting is the branch of accounting concerned with the summary, analysis, and reporting of a company's financial transactions. This entails preparing financial statements for public consumption.
The primary goal of Financial Accounting is to reveal the business's profits and losses and to provide a true and fair view of the business, with the goal of protecting the interests of various stakeholders, both internal and external to the business.
In practice, financial accounting's main goal is to accurately prepare an organization's financial accounts for a specific period, also known as financial statements. The income statement, balance sheet, and statement of cash flows are the three primary financial statements.
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