Answer:
i think your answer is correct
Explanation:
hello
Answer:
Explanation:
The adjusting entry for supplies is shown below:
Supplies expense A/c Dr $115
To supplies A/c $115
(Being adjusted entry recorded)
The trial balance show a supplies balance of $148 and the supplies on hand were $33, so the adjusted supply balance would be equal to
= Supplies balance - supplies on hand
= $148 - $33
= $115
A savings<span> and </span>loan<span> association, or thrift institution, is a financial institution that ... As such, many </span>people<span> were either perpetually in debt in a continuous cycle of. The most important purpose of </span>savings<span> and </span>loan<span> associations is to </span>make<span>. </span>savings<span> and </span>uses<span> these </span>funds<span> to </span>make<span> long-term amortized </span>loans<span> to </span>home<span> ...</span>
Answer: The higher the principal, the higher the total cost of the loan
Explanation:
From the chart shown we can see that the loan with a higher principal has a higher total cost than the loan with the smaller principal.
This happens because the interest rate attached affects larger figures more than smaller ones. 6.47% of $6,000 is $389 which is larger than 6.47% of $5,000 which is $324 (calculating the cost of a loan is more cumbersome than this but this shows the effect as well).
When compounded overtime, this difference will be even more and thus shows that larger principals cause larger total costs.
