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Komok [63]
3 years ago
13

What's the Difference Between Deferment and Forbearance?

Business
1 answer:
AlexFokin [52]3 years ago
7 0

Answer: The difference of deferment and forbearance can be explained as follows :-

Explanation: In case of deferment, the payer may not be responsible for paying interest on certain types of loans during the period of deferment but in case of forbearance the payer has to pay the accrued interest on all types of student loans.

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On November 1, 2018, Taylor signed a one-year contract to provide handyman services on an as-needed basis to King Associates, wi
Maslowich

Answer: 920

Explanation:

Since the transaction took place in November, we should note that revenue should be recognized for 2 months by Taylor.

The amount that Taylor should recognize as revenue in 2018 will be:

= 5520/12 × 2

= 460 × 2

= 920

3 0
3 years ago
Who is the leader of Braidy
sineoko [7]

Answer:

The answer should be "President Tom Modrowski?"

Explanation:

Sorry if I am wrong

8 0
3 years ago
On January 1, 2021, Princess Corporation leased equipment to King Company. The lease term is 11 years. The first payment of $700
nika2105 [10]

Answer: $403,221.67

Explanation:

Interest revenue in 2022 = Value of Lease payments in 2022 * Interest rate

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= $4,301,197

Value of lease payments after second payment in 2022:

= Value of lease payment after first payment + Interest revenue - lease payment

= 4,310,197 + (4,310,197 * 10%) - 700,000

= $4,032,216.70

Interest revenue in 2022 = 4,032,216.70 * 10%

= $403,221.67

5 0
3 years ago
Blogging has brought southern nights nursery a step in the right direction toward building relationships with its customers. the
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8 0
3 years ago
What are the two characteristics of a product or service that define quality?
Nata [24]

Answer: Design quality and process quality

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7 0
3 years ago
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