The portion of the second monthly payment made on January 31, 2021, which represents repayment of principal is $15600.
<h3>
Mortgage liability </h3>
Mortgage liability limits the liability of potential third parties who were not involved when the mortgage was arranged. For example, if a mortgage is in arrears, the debtor has to pay the outstanding principal and interest, plus late payment and other charges.
<h3>
What is mortgage asset or liabilities?</h3>
A current liability for
1) the principal payments that will be coming due within one year after the balance sheet date, and
2) any accrued interest that is owed as of the balance sheet date.
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I believe the answer is: An Revocable Living Trust
Revocable living trust refers to a form of planning that help you determine the person who would obtain your properties when you die. A revocable living trust would cover three phases of the maker's life: his lifetime, possible incapacitation, and what happens after his death.
Answer:
the total factory overhead cost is $11,900
Explanation:
The computation of the total factory overhead cost is shown below:
= Indirect materials cost + Indirect labor cost + Maintenance of factory equipment
= $2,700 + $5,700 + $3,500
= $11,900
Hence the total factory overhead cost is $11,900
The same should be considered and relevant
Answer:
Option A
Explanation:
Less elastic Demands means ,there will be less effect on the demand of a product if the price of product changes.
Answer:
B. $1,260
Explanation:
The computation of the net position unrestricted is shown below
Unrestricted Net Position is
= Total Current and accrued Assets + Other assets - current liabilities
= $2,000 + $60 - $800
= $1,260
We simply added the other assets and deduct the current liabilities to the total current and accrued assets so that the amount could come in a correct way
Therefore all other information that is not considered is irrelevant. Hence, ignored it
