1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
uranmaximum [27]
3 years ago
6

Exercise 10-24 (Part Level Submission) Oriole Company receives $385,000 when it issues a $385,000, 5%, mortgage note payable to

finance the construction of a building at December 31, 2017. The terms provide for annual installment payments of $37,092 on December 31. Prepare the mortgage payable table showing interest and principal amounts.
Business
1 answer:
Vikentia [17]3 years ago
3 0

Answer:

Mortgage Payable Table is prepared in an MS Excel file which is attached with this answer, please find it

Explanation:

The loan which is received by a person for purchase of real estate property or alternatively existing property owner to raise fund from the property. The mortgage are paid with interest over a specific period of time in installment of monthly quarterly semiannually or yearly.

Installment includes both principal payment and Interest Payment.

In this question The first payment on December 31, 2018 included

Total Payment = $37,092

Interest Payment = 385,000 x 5% = $19,250

Principal Payment = $37,092 - $19,250 = $17,842

Download xlsx
You might be interested in
The government banned running of an industry near a famous monument Taj Mahal, but ABC limited does not go by order of the court
notka56 [123]

Answer:

No

Explanation:

Taj Mahal is one of the greatest monument in the world. It is very beautiful. It is located in India. It is made up of white marble. Many people from all parts of the world come to visit Taj Mahal.

But recently the color of the marble changes its color to light yellow due to pollution. The companies near by are emitting harmful gases to the atmosphere for which the color of the white marble changed its color and became light yellowish brown.

In the context, company ABC Limited still operating near the Taj Mahal is not fulfilling its responsibility as it is destroying the beauty and existence of the world famous Taj Mahal.

3 0
3 years ago
Which of these is NOT a safe skill to employ in the presence of road workers?
QveST [7]

Answer:

  • <em><u>C. Drive at the posted speed limit</u></em>

Explanation:

The answer choices for this question are:

  • A. Keep alert and watch out for construction barrels or cones
  • B. Slow down even if you don't think you'll hit a road worker
  • C. Drive at the posted speed limit
  • D. Keep as much distance as you can while navigating around them

Since the conditions of the road are not the best, you should drive below the posted speed of limit.

The only presence of workers on the road represent a risk for them and for you.

The number of lanes are reduced, the road could present potholes, dirt, stones, or even some substances that make the pavement slippery. You could not have good visibility.

All those risks make that you have to be extremely careful, reduce your speed, lower than than the posted speed limit.

Thus, you should:

  • A. Keep alert and watch out for construction barrels or cones
  • B. Slow down even if you don't think you'll hit a road worker
  • C. <u>NOT </u>drive at the posted speed limit
  • D. Keep as much distance as you can while navigating around them

8 0
3 years ago
How can life expectancy and literacy rates affect the quality of labor in the economy?​
Veseljchak [2.6K]

Explanation:

Life expectancy and literacy rates can affect the quality of labor in the economy because if citizens are literate, they are educated and likely have white-collar jobs. Citizens who are illiterate likely have more manual labor jobs.A nation with lower fertility rates will usually have less people, and scarce resources will take longer to run out

5 0
3 years ago
Describe your values, interests, personality traits and skills
irakobra [83]
Well you would describe what you find important as an example good hygiene, interests are self explanatory, personality traits is a trait about you example leader or hard worker, and skill are what you are good at example fast typing or leadership.
3 0
3 years ago
Read 2 more answers
Determine which of the following statements are correct regarding the difference between physical flow and the cost flow of good
Viktor [21]

Answer:

a.Perishable items must have an actual physical flow of FIFO

Explanation:

  • Cost flow estimates are required to determine the cost of goods sold and to end inventory. Companies make some ump habits about what goods are sold and what items are listed (as a result of various accounting methods).
  • Financial reporting and tax benefits and the actual movement of goods are not required to be accepted
  • The continuous inventory system may have different end inventory and COGS yields compared to the periodic inventory system due to LIFO's calculation time and weighted average cost flow estimates.
  • Reducing or exceeding the lower price of goods sold when prices fall or rise
4 0
3 years ago
Other questions:
  • Shaun Barringer has started on his first job. He plans to start saving for retirement. He will invest 4,133 at the end of each y
    8·1 answer
  • A registered representative invites 20 institutional clients to a seminar and allows each client to bring one guest. The sales s
    9·1 answer
  • What are two advantages of highly marketable items? a) They wear out quickly and need to be replaced often b) They always have a
    6·1 answer
  • British government 4% perpetuities pay £4 interest at the end of each year forever. Another bond, 2½% perpetuities, pays £2.50 a
    6·1 answer
  • Industrialization Automation Company (IAC) has a quick ratio of 2.00; $24,750 in cash; $13,750 in accounts receivable; some inve
    6·1 answer
  • This résumé format focuses on an applicant’s work experience and education:
    13·2 answers
  • If the U.S. economy is producing at a level that is substantially less than potential GDP and the government's budget deficits a
    9·1 answer
  • Davis Florist has two employees, Anita and Jerome, and two tasks that need to be completed, floral arrangements and floral deliv
    13·1 answer
  • Harold works as an operations manager. He uses a project management tool to schedule and manage the steps of the manufacturing p
    5·1 answer
  • An example of contractionary fiscal policy would be:
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!