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
VARVARA [1.3K]
3 years ago
10

In cell e5, enter a financial function to calculate the monthly payment. in cell e6, insert a financial function to calculate th

e cumulative total interest paid throughout the loan. make sure the results display as positive numbers.
Business
1 answer:
eduard3 years ago
4 0

The excel function for monthly payments is =PMT()

The excel function for cumulative total interest is =CUMIPMT()

You might be interested in
On January 2, 2016, Alpha Company purchased a patent for $38,500 plus $2,000 in legal fees. On that date, the patent had a remai
Fittoniya [83]

Answer:

General Journal entry:

Account                                     Debit                             Credit

Amortization expense              $6,750

Accumulated Amortization                                              $6,750

(patent)

Explanation:

Given Data:

Price of patent=$38,500

Legal fees=$2,000

legal Life=13 years

useful life=6 years

Required:

Journal Entry

Solution:

Amortization:

For intangible assets, amortization is the decrease in book value over the period of time. However intangible assets have no physical appearance and they do not face any damage like fixed assets but with the passage of time their value decrease.

Calculating amortization expense for one year:

Amortization expense=\frac{Purchase\ Price+Legal\ Fees}{Useful\ Life}

Amortization\ expense=\frac{\$38,500+\$2000}{6}\\ Amortization\ expense=\$6,750

General Journal entry:

Account                                     Debit                             Credit

Amortization expense              $6,750

Accumulated Amortization                                              $6,750

(patent)

7 0
3 years ago
Your health club is offering a free one-year membership for the person who attends the most yoga classes in March. This results
nalin [4]

Answer:

The economic principle is "people usually exploit opportunities to make themselves better off".

Explanation:

Here, the health club is offering a free one-year membership for the person who attends the most yoga classes in March.

So, there is an opportunity for every individual to get a free one year membership. <em>So, more and more people will try to attend more yoga classes in order to obtain free membership for one complete year. </em>This choice will be made by most of the individuals because they want to get rid of paying fee every month. Hence, <em><u>this will tend every individual to grab and exploit that opportunity to make themselves better off.</u></em>

Thus, the increase in people attending yoga classes is based on the economic principle "people usually exploit opportunities to make themselves better off".

4 0
2 years ago
The minimum level of education required for a roofer is: Master’s degree Bachelor’s degree Associates degree No formal education
valkas [14]

Answer:

No formal education required

Explanation:

In many countries, the roofer works with a license. But to be a roofer, you don't need any formal education.

The training is done on the spot, the beginner is learning from other experienced roofers. To qualify for the job of a roofer, a person has to be at least 18 years old, to have a high school diploma and be physically able.

7 0
2 years ago
Read 2 more answers
Advise florence and her team on how they can convince the staff using john kotters theory to lead change
mestny [16]
John kotters theory consist of 8 steps processes for leading change.

Change is hard.

Especially if we wanted to change something that deeply immersed in our habit. Florence and her team cannot just tell and force the staff to change. They have to be patient and implement the correct ways to the changes in order for it to be happen.
8 0
3 years ago
Consider a completely randomized experiment in which a control group is given a placebo for congestion relief and a treatment gr
gogolik [260]
The process should eliminate potential bias from patient psychology regarding benefits of the drug and also eliminate the potential bias from the treatment administrators. The advantage of such a procedure is that neither the patients nor the administrators of the treatments know which patients received which treatments.
6 0
3 years ago
Read 2 more answers
Other questions:
  • Hi, I'm 16 almost 17 next month and I'm getting a job at McDonald's. I am just curious about how much my first check will be if
    5·1 answer
  • Your nonprofit organization is preparing to host its first annual 5K run/walk in City Park. You worked on a similar project for
    7·1 answer
  • When the U.S. dollar appreciates against other currencies, U.S. goods can be __________ to consumers in foreign countries but ca
    7·2 answers
  • Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business
    8·2 answers
  • Monthly Payments and Finance Charges. Kimberly Jensen of Storm Lake, Iowa, wants to buy some living room furniture for her new a
    14·1 answer
  • Journalize the following transactions:______.
    12·1 answer
  • Business Rental Corporation (BRC) and Cartage Trucking Companyenter into a contract for a lease of ten hydraulic lifts. Under th
    7·1 answer
  • Find the compound amount for the deposit. Round to the nearest cent. $15,000 at 8% compounded semiannually for 10 years
    9·1 answer
  • Evaluating debt burden. Ted Phillips has a monthly take-home pay of $1,685; he makes payments of $410 a
    12·1 answer
  • is a guiding philosophy and management approach that emphasizes efficiency through elimination of waste in company operations.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!