Answer:
Annual payment= $3,250.77
Explanation:
Giving the following information:
You are thinking of purchasing a home. The house costs $300,000. You have $43,000 in cash that you can use as a down payment on the house, but you need to borrow the rest of the purchase price. The bank is offering a 30-year mortgage that requires annual payments and has an interest rate of 6% per year.
FV= 300,000 - 43,000= $257,000
i=6%
n= 30
Annual payment= ?
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (257,000*0.06)/{[1.06^30]-1}= $3,250.77
Marginal and Variables are the blanks! It was hard for me to find too!!
Answer:
b. exported more than $11 billion worth of goods
Explanation:
Given that
Favorable balance of trade = $11 billion
And we know that
Net exports = Exports - imports
This given situation describes that the export value of goods is more than the import value of goods that reflect the net exports and the favorable balance too.
So by considering the net exports, we can conclude that option b is a correct option
Answer:
The following applies:
1. expenses when incurred to generate revenue.
2. expenses even when cash has not yet been paid
3. revenue even when cash has not been collected
4. revenue when earned
Explanation:
Accrual basis is an accounting concept that recognizes revenue when earned when if the collection of cash will be done later.
It also recognizes expenses when incurred even though the cash has not been spent.
Accrual basis matches a transaction with when it happened.
It is different from cash basis which recognizes revenues only when the cash is received and expenses only when the cash has been spent.
Two pioneers of usability testing are Ben Shneiderman and Jakob Nielsen. Usability testing<span> is a technique used in </span>user-centered interaction design<span> to evaluate a product by testing it on users.</span>