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snow_tiger [21]
3 years ago
11

On January 1, 2015, Tropical Paradise borrows $50,000 by agreeing to a 6%, six-year note with the bank. The funds will be used t

o purchase a new BMW convertible for use in promoting resort properties to potential customers. Loan payments of $828.64 are due at the end of each month with the first installment due on January 31, 2015.
Required:
Record the issuance of the installment note payable and the first two monthly payments. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)
Business
1 answer:
lord [1]3 years ago
4 0
I do. Jjciifigoohpgog
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Answer:

The answer is "4200"

Explanation:

Please find the complete question in the attached file:

Calculating the variable cost in km:

= \frac{(105,000 \times 0.114 - 70,000 \times 0.134)}{(35,000)} \\\\ = \frac{(11,970 - 9,380)}{(35,000)} \\\\ = \frac{2,590}{(35,000)} \\\\ =0.074

Calculating the fixed cost:

= (105,000 \times 0.114) - (105,000 \times 0.074) \\\\ = (11,970) - (7,770) \\\\=4,200

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