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
Serggg [28]
3 years ago
10

Laverne purchased a new piece of equipment to be used in its new facility. The $355,000 piece of equipment was purchased with a

$35,500 down payment and with cash received through the issuance of a $319,500, 7%, 5-year mortgage payable issued on January 1, 2017. The terms provide for annual installment payments of $77,923 on December 31.
Prepare an installment payments schedule for the first five payments of the notes payable. (Round answers to 0 decimal places)
Business
1 answer:
Radda [10]3 years ago
8 0

Answer:

Yr. amount Interest payment balance

1. 319,500 22365. (77923). 263,942

2. 263,942.18,476. (77,923). 204,495

3. 204,495 14315. (77923). 140,887

4. 140,887. 9862 (77923). 72,826

5. 72826. 5098. (77,923). 1

Explanation:

The interest charge is on the total amount due at the end of the year which is assumed to have been made available to the debtor, the annual payment is deducted from the addition of interest and principal due and the balance due is brought forward to be defray in subsequent years. The balance is expected to show zero but the balance of one shown is a roundup error.

You might be interested in
Which type of tax does the fedreal goverment collect​
Elina [12.6K]

income tax majorly they depend majorly on income tax

4 0
3 years ago
A vertical as curve means that the level of aggregate supply (or potential gdp) will determine the real gdp of the economy, rega
Serggg [28]

A vertical as curve means the level of aggregate supply (or potential GDP) will determine the real GDP of the economy, no matter the level of aggregate demand.

In general, economic process is a condition in which income increases from the emergence of an increase in the production of goods and services. However, this increase in income has not been compared to the expansion in population. this will be seen from the results of improvements in various fields, like technology.

In its development so far, there are various theories of economic growth. This theory itself appears plenty to explain the growth cycle as well as the factors that directly influence an increase in the national economy by experts. Among the various theories that have emerged, here are a number of them:

  • Neoclassical Theory
  • Classical Theory
  • Historical Theory

You can learn more about economic growth here brainly.com/question/16999482

#SPJ4

8 0
2 years ago
The Securities and Exchange Commission is an example of a​ _____.
galben [10]

Answer:

(A). Federal Administrative Agency

Explanation:

The Securities and Exchange Commission(SEC) is an independent federal government agency responsible for protecting investors, maintaining fair and orderly functioning of the securities market.

The Securities and Exchange Commission was created in 1934 to help restore investor confidence in the wake of the 1929 Stock Market Crash.

The SEC is allowed to bring only civil actions, either in federal court or before an administrative judge.

Most of the administrative agencies are under the supervision of the President. Since SEC is an independent body, the President exercises limited power and control over it. But he does play a major role in influencing the activities of such independent bodies.

Thus, The Securities and Exchange Commission is an example of a Federal Administrative Body i.e option (A).

8 0
3 years ago
The Merchant Company issued 10-year bonds on January 1. The 15% bonds have a face value of $100,000 and pay interest every Janua
White raven [17]

Answer:

c) $14,065

Explanation:

Because I said so

4 0
3 years ago
White Corporation’s budget calls for the following sales for next year: Quarter 1 95,000 units Quarter 3 67,000 units Quarter 2
asambeis [7]

Answer: & Explanation:

Production Budget q2

- Q2

sales 67,000

ending policy 4,050 (5% of Q3)

Beginning 3,350 (5% of current quarter)

Production 67,700 (sales + ending - beginning)

Raw materials Budget q2

Production Needs 338,500 (Units x 5)

ending policy 81,850 (20% of production q3)

Beginning 67,700 (20% of q2 production needs)

Purchase 352,650 (needs + desired ending - beginning)

3 0
3 years ago
Other questions:
  • Identify barriers to partnership working
    14·1 answer
  • What is 10% of 500,000<br><img src="https://tex.z-dn.net/?f=10%5C%25of50.000%20%5C%5C%20" id="TexFormula1" title="10\%of50.000 \
    7·2 answers
  • How much does it cost to ship a chair from oregon to new york?
    11·1 answer
  • Sarah opened her last month's bank statement, today, to find she had an ending bank balance according to First Bank of Broad Rip
    14·1 answer
  • Ogan Products computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year
    10·1 answer
  • The lender usually has the right to collect the principal, but is NOT allowed to collect the interest if the loan is:
    8·1 answer
  • In which of the following economic systems is the government's role greatest?
    11·1 answer
  • Short-termism is defined as Group of answer choices weighing the short-term costs of regulatory compliance with the long-term co
    6·1 answer
  • TravelEasy Inc. has issued 30-year semiannual coupon bonds with a face value of $1,000. If the annual coupon rate is 14% and the
    12·1 answer
  • On August 1, 2009 a company issues bonds with a par value of $600,000. The bonds mature in 10 years, and pay 6% annual interest,
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!