Answer:
$2,800
Explanation:
An interest only loan represents a type of loan offer where a borrower is only expected to pay the interest either for some of the term of the loan as agreed or for all of the terms of the loan. However, the principal amount that is collected remains constant all through the agreed interest -only period. 
Since the loan obtained by John's Auto Repair is Interest Only, it means that the principal of $35,000 remains constant.
Hence, in the 8th year, John is expected to pay only the interest for the period =
0.08 x $35,000
= $2,800
 
        
             
        
        
        
Aromatic wines are known as Aperitif, which generally are consumed before meals as a digestive stimulant. Although this is about wine, there are other drinks typically alcoholic that are considered Aperitif's. These drinks are mild in taste and help clear and cleanse your pallet before a meal. 
        
             
        
        
        
Answer:
 Prepare a single-step income statement for the year ended December 31, 2020
Explanation:
SUNLAND CORPORATION  
Inconme statement  
For the year endend December 2020  
  
  
Revenue  
Net Sales               2.425.800  
Interes Revenue             38.200  
Total Revenue        2.464.000  
  
Expenses  
Cost Of goods             1.458.200  
Administrative expenses	212.600  
Selling xpenses                 282.000  
Interes expense                   46.400  
Tax rate                                  139.440  
Expenses                       2.138.640  
  
Net income                           325.360  
  
Shares issued                     70210  
Earning p/share                        4,63  
 
        
             
        
        
        
Answer: c) $7,535
Explanation:
The Collection Float refers to the time that it takes for a deposited check to become available to the account owner after the check has been deposited. 
The Average amount is calculated thus;
= No. of payments * Clearing days * average value of payment
= 138 * 1.3 * 42
= $7,535
 
        
             
        
        
        
Answer:
Team cooperation encourages employees to work together for the benefit of the organization. It reduces the desire of employees to complete against each other,which often never good for the business,and instead focus on working together to achieve a common goal.