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
kumpel [21]
3 years ago
10

In each succeeding payment on an installment note

Business
1 answer:
Mila [183]3 years ago
7 0

The amount of principal paid increases

Answer: Option C.

<u>Explanation:</u>

Installment loan advances incorporate any advance that is reimbursed with routinely booked installments or portions.

Every installment on a portion obligation incorporates reimbursement of a segment of the chief sum acquired and furthermore the installment of enthusiasm on the obligation.

You might be interested in
Archie Co. purchased a framing machine for $60,000 on January 1, 2021. The machine is expected to have a four-year life, with a
horrorfan [7]

Answer:

$16,500

Explanation:

Depreciation is a method used in expensing the cost of an asset.

sum-of-the years'-digits method = (useful life remaining / sum of years) x (cost of asset - residual value)

sum of the years  = 1 + 2 + 3 + 4 = 10

(3 / 10) x ($60,000 - $5,000) = $16,500

3 0
3 years ago
P13–11 EPS calculations Southland Industries has $60,000 of 6% (annual interest) bonds outstanding, 1,500 shares of preferred st
777dan777 [17]

Answer:

$1.28

Explanation:

The computation of the earning per share is shown below:

As we know that

Earning per share = Net income ÷ Number of shares outstanding

where,

Net income is

Earning before interest and taxes      $24,600

Less: Interest

($60,000 × 6%)                                      - $3,600

Income before tax                                  $21,000

Less: tax for 40%                                    - $8,400

Earning after tax                                     $12,600

Less: Preference dividend

(1,500 shares × $5)                                  -$7,500

Income available                                       $5,100

So the earning per share is

= $5,100 ÷ $4,000

= $1.28

3 0
3 years ago
Between 2010 and 2020.
Arte-miy333 [17]

Answer:

decrease

Explanation:

i think so because less and less people are deciding to travel because of the deadly virus. People are preferring to stay at their homes. As less people will travel, many travel agents will lose their jobs.

7 0
3 years ago
At December 31, 2017 the following balances existed on the books of Beerbo Inc.: $1,200,000 BONDS PAYABLE $168,000 DISCOUNT ON B
Mazyrski [523]

Answer:

bonds payable     1,200,000

interest payable        30,000

loss on redemption 162,000

                  cash                            1,224,000

                  discount on bonds        168,000

to record redemption of the bonds at 102

Explanation:

To know the gain or loss on redemption we will compare the cash disbursement wiht the carrying value fo the bonds

the vbonds are rescue at 102 which means 102% of the face value:

1,200,000 x 102/100 = 1,224,000 cash disbursement

<u>carrying value of the bonds:</u>

1,200,000 - 168,000 discount + 30,000 interest payable = 1,062,000

loss on redemption: 1,224,000 - 1,062,000 = 162,000

we will write-off the bonds related account and credit cash by the amount paid.

8 0
3 years ago
A company purchased a tract of land for its natural resources at a cost of $1,981,300. it expects to mine 2,170,000 tons of ore
muminat

Answer: $0.79

Given:

C=Cost of the land: $1,981,300

S=Salvage value of the land: $267,000

N=Total number of ores mined= 2,170,000 tons

To get the depletion expense per ton of ore:

(C-S)/N

=($1,981,300-$267,000)/2,170,000

=1,714,300/2,170,000

=$0.79


6 0
3 years ago
Other questions:
  • 'As fewer people buy gym memberships, the demand for running shoes will decrease and the price of a pair of running shoes will i
    9·1 answer
  • Jamie is considering leaving her current job, which pays $75,000 per year, to start a new company that develops applications for
    6·1 answer
  • Tedd E. Bear has an annual salary of $48,000 with no other loans outstanding. Using the 25% guideline from class and with a 20%
    12·1 answer
  • Q 8.8: What is the effect of the collection of an account that had been previously written off under the allowance method of acc
    7·1 answer
  • You are currently getting 26 sales opportunities per day and closing 64% of them. Employee: Wow, I am closing __________ sales o
    5·1 answer
  • Suppose a monopsonist hires its second worker and this hiring has a marginal factor cost of $75 per day. if the market wage is n
    12·1 answer
  • Describe three ways that a business can grant credit. Why might granting credit to other businesses be risky for a supplier?
    5·1 answer
  • Deadweight losses occur when the quantity of an output produced is:
    12·1 answer
  • An athletic trainer who recently became certified is planning on working summer camps for an area high school before he starts h
    7·1 answer
  • westin wants to borrow $1,000 from missy to help pay his deposit at his new apartment. missy says she will agree to the loan him
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!