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Nutka1998 [239]
3 years ago
15

Adventure Travel signed a​ 14%, 10-year note for​ $152,000. The company paid an installment of​ $2,200 for the first month. Afte

r the first​ payment, what is the principal​ balance? (Do not round any intermediate​ calculations, and round your final answer to the nearest​ dollar.)
Business
1 answer:
Likurg_2 [28]3 years ago
5 0

Answer:

The principal​ balance is $151,573

Explanation:

For computing the principal balance, we need the following calculation which is shown below:

1. First we have to compute the 1 month interest payment which equals to

= Note amount × rate × 1 month ÷ total months in a year

= $152,000 × 14% × 1 ÷ 12

= 1773.33

2. Now deduct the first month interest  from installment amount which equals to

= Installment amount - Interest amount

= $2,200 - $1773.33

= $426.67

3. Now subtract step 2 amount from notes amount which equals to

= Notes amount - principal amount

= $152,000 - $426.67

= $151,573.33

Hence, the principal​ balance is $151,573

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Usimov [2.4K]

We will use median to calculate various level of salaries of different employees.

Every individual has incomes and expenditures and some savings for the purpose of preparation of budget. Calculation of wealth can differ accordingly as wealth of the different employees would be different as per their earning.

There would be different employees in each company and taking out calculations on the basis of mean would not give any final result. Mode is the result of expected outcomes and will not give exact results. Hence, median would not be affected by small or large numbers so median would give exact results.

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what do people mean when they say that it is better to balance the economy than to balance the budget?
hammer [34]
I guess because the economy falling apart and the budget keeps going up.
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3 years ago
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Westkost [7]

Answer:

1) You get what you get and don't throw a fit?

2)Be patient???

I hope this helps TwT

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2 years ago
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alina1380 [7]

Answer:

b) Larceny at the point of sale

Explanation:

Larceny at the point of sale -

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This type of fraud is very commonly seen in the retail business .

Same case is shown in the question data , where Jan Ashley , who works for the R & S departmental store , tries to steal money during the sale .  

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Managerial accountants could prepare all of the following reports except a.a sales report targeting monthly sales and potential
lisabon 2012 [21]

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A managerial accountant is someone who records and analyzes the financial information for an organization. The data analysed will then be used to form financial decisions which can help the organization's growth.

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