Answer:
$573,963
Explanation:
First, calculate the present value of the loan payments using the following formula
PVA = PMT x [ ( 1 + r )^n - 1 ] / [ r ( 1 + r )^n)
PVA = $950 x [ ( 1 + 7.1%/12 )^360 - 1] / [ 7.1%/12 ( 1 + 7.1%/12 )^360)
PVA = $141,362.32
Now calculate the difference of Value of loan and the present value of loan payment
Difference = Loan value - PV of loan payment = $210,000 - $141,362.32 = $68,637.68
This te Ballon payment in present value term, We need to determine the value at the end of the loan term.
Hence we need to calculate the future value of this payment as follow
Future value = Present vale x ( 1 + Monthly Interest rate )^numbers of months
Future value = $68,637.68 x ( 1 + 7.1%/12 )^360
Future value = $573,963.09
Future value = $573,963
Hence the ballon Payment will be $573,963
Answer:
EXPLAINING STRESSFUL EVENTS BY ATTRIBUTING THEM TO A TEMPORARY SITUATION.
Explanation:
Attribution theory deals with how the social perceiver uses information to arrive at causal explanations for events. It examines what information is gathered and how it is combined to form a causal judgment.
Explanatory style is the characteristic, habitual way individuals explain the causes of good and bad events they experience.
Stressful events can either be good or bad. People may attribute stressful events to factors that are either temporary or permanent and specific or universal.
Carmela's thought means she is explaining her stressful work (event) by attributing it to a temporary situation since she thinks she will get the hang of it in a few months.
Therefore, an example of the explanatory style is EXPLAINING STRESSFUL EVENTS BY ATTRIBUTING THEM TO TEMPORARY EVENTS.
Answer:
A- Gill, a credit customer
Explanation:
A journal entry involves the process of keeping the records of business transactions made by an organization.
Journal entries are mainly used by bookkeepers and accountants. Ideally, it is important that a journal has all of following informations; date, reference number, debit balance, credit balance and transaction description.
A sales ledger can be defined as an accounting book that comprises of the individual account of each customer of a business firm and records the money received for goods or services purchased, whether the payment has been received or not.
Simply stated, a sales ledger sequentially records all sales that have taken place in a business, whether or not payment have been received.
This ultimately implies that, a sales ledger contains accounting information on all sales transaction made by a company including, money received for its goods and services and money owed by its customers.
Hence, the account which will appear in the sales ledger is that of Gill, a credit customer.
Answer:
a.
Date Account Details Debit Credit
Cash $27,000
Common Stock $27,000
b.
Date Account Details Debit Credit
Land $9,000
Notes Payable $9,000
c.
Date Account Details Debit Credit
Vehicles $18,000
Cash $2,000
Notes Payable $16,000
d.
Date Account Details Debit Credit
Vehicles $800
Cash $800
e. This does not require a journal entry as it is a personal transaction.
The correct answer is A = 110, B= 40, C=20..
<u>Explanation</u>
If A+B-C= 170 and B+C-A=130 ,
=C+A = 130
or, C= 130- A
Again, A+B-C =170
or, A+B =170+C
A+B = 170+130-A ( c=130-A)
A+B = 300-A
2A+B = 300
A+B= 300/2
A+B = 150
A+B-C= 170
A+B = 170+C
150 = 170 +C ( A+B = 150)
or, C = 20..............................(1.)
A+C =130
or,A+ 20= 130 ( A=110).....................(2)
A+B = 150
110+B= 150
B = 150-110
B= 40..........................................(3)
Therefore, A = 110, B= 40, C=20..
