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il63 [147K]
3 years ago
6

On January 1, Year 1, the Mahoney Company borrowed $164,000 cash from Sun Bank by issuing a five-year 8% term note. The principa

l and interest are repaid by making annual payments beginning on December 31, Year 1. The annual payment on the loan based on the present value of annuity factor would be $40,625. The amount of principal repayment included in the December 31, Year 1 payment is:
Business
1 answer:
Georgia [21]3 years ago
8 0

Answer:

Principal payment =  $27,505.00  

Explanation:

<em>Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest.</em>

The principal repayment in year 1 = Annual payment - Interest payment in year 1

<em>Interest payment in year = Interest rate × Principal Amount</em>

                                          =8% × 164,000

                                         =  $13,120.00  

Principal payment = $40,635 - 13,120 =  $27,505.00  

Principal payment =  $27,505.00  

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Which of the training professionals' roles do you believe is the most difficult to learn? Which is the easiest?
RoseWind [281]

Answer and explanation:

There are several roles trainers could adopt while handling trainee groups but the most important are: <em>instructional designer, technical writer, </em>and <em>needs analyst</em>. From the three of them being a needs analyst could represent the most challenging because it implies collecting information of different individuals to identify what they are lacking and based on that information collect data that can be useful for their learning process.

On the other hand, being a technical writer could be the easiest since professional trainers manage their field of study. They tend to portrait their knowledge in written documents using technical terminology suiting it to the audience they are going to work with.

7 0
3 years ago
Steve, an engineer in a construction company, is at present working on a home construction project. the home is being built for
Varvara68 [4.7K]
Projects are temporary endeavors whereas an organisation's operations are ongoing in nature.The Role of a project sponsor is to provide direction and funding for a project. In this case, Steve is working with his project team and support staff to ensure the project is completed on time and the project sponsor is Robinson family.
7 0
3 years ago
The minimum wage is increased from $7.25 to $9.00 per hour. Calculate the elasticity of demand for fast food workers over the re
deff fn [24]

Answer:

As the question was not complete. I have attached the complete question in the attachment. Please refer to attachment.

Explanation:

<em>By using, LD = 95- 3w and w1 = 7.25 and w2 = 9. We get, </em>

<em>LD1 = 95-3(7.25) = 73.25 </em>

<em>LD2 = 95-3(9) = 68 </em>

Elasticity = Change in labor demand/ change in wage rate = ((68- 73.25)/ 73.25)/ ((9-7.25/7.25)) = -0.33

The 11 percent change in the wage rate causes, 33% change in labor demanded, as shown by the elasticity, the labor demand decreases with increase in wage rate.

4 0
2 years ago
Which fiscal policy would be the most contractionary? 
A. A $40 billion increase in taxes
B. A $50 billion increase in governmen
Elena L [17]

Answer: Option (C) is correct.

Explanation:

Correct option: A $50 billion decrease in government spending would be the most contractionary fiscal policy.

A. Increase the taxes by $40 billion is also a contractionary fiscal policy but it doesn't have a greater impact than decreasing  the government spending by $50 billion.

B. It is an expansionary fiscal policy.

D. There are both expansionary fiscal policy by decreasing taxes by $10 billion and contractionary fiscal policy by decreasing government spending by $40 billion. But it doesn't have much impact as the option (C) is having.

Therefore, Option (C) is having the most contractionary fiscal policy.

5 0
3 years ago
Garcia company has 10,000 units of its product that were produced last year at a total cost of $150,000. the units were damaged
timurjin [86]

Answer and Explanation:

The computation of the incremental net income is shown below:

<u>Particulars    Sell          Process Further      Incremental Net income </u>

Sales        $20,000.00    $50,000.00        $30,000.00

          (10,000 units × $2)  (10,000 × $5)

Less:

Additional

Processing cost                 $18,000.00          $18,000.00

Total        $20,000.00      $32,000.00          $12,000.00

4 0
3 years ago
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