Answer:
C)They remain the same until the credit is paid off.
Explanation:
In a closed-end credit, borrower and lender agree on principal amount, interest rate and monthly payments. These features stay the same over time.
The most common types of closed-end credit are mortgages and car loans.
For example, if a person wants to buy a car on credit, they agree to pay a monthly amount, that includes both interest and principal payments, until the full amount is paid off in a specified date in the future. After the last payment, the right to ownership of the car is transferred from the borrower to the lender, closing the credit.
Answer:
Losses for the producers of Waterworld, if they finished the movie would be <u>$50 million</u>. If they did not finish the movie, losses would be <u>$130 million.</u>
Explanation:
This is because, the difference between all their expenses in making the movie and the revenue generated is actually <em>$50 million</em>. This happens to be their losses while on the other-hand, if they didn't finish making the movie, it would be <em>$130 million </em>(aside the cost spent in finishing the movie after rebuilding the set)
Two aspects that would be the most important in preparing a flyer are :
- The Color
Flyers are created to attract people awareness, which means that their color must attract a lot of attentions.
- The Layout Style
Maximize the usage of Flyer layout without making it look to crowded in order to give the most efficient amount of informations
Usually it isn't done much, because of the penalty of bad grades, and because frankly, the professors have seen it before, and therefore, only the boldest would consider it.
To record final annual interest and bond repayment:
2017
Mar 1
Bonds interest expense $25,400
Bonds payable $254,000
Cash $279,000
On March 1, 1997, the date of issuance, the entry is:
1997
Mar 1
Cash $254,000
Bonds payable $254,000
On each March 1 for 10 years, beginning March 1, 1997 (ending March 1, 2017), the entry would be (Remember, calculate interest as Principal x Interest Rate x Time)
Mar 1
Bond Interest Expense ($100,000 x 12% x 1) $25,400
Cash $25,400
