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
PtichkaEL [24]
2 years ago
11

Currie Company borrowed $30,000 from the Sierra Bank by issuing a 9% three-year note. Currie agreed to repay the principal and i

nterest by making annual payments in the amount of $11,852. Based on this information, the amount of the interest expense associated with the second payment would be: (Round your answer to the nearest dollar.)
Business
1 answer:
Evgen [1.6K]2 years ago
3 0

Answer:

$1,876

Explanation:

The computation of the amount of the interest expense is shown below:-

Year    Annual      Interest           Principal             Outstanding

          Payments   Amount 9%     Amount

0                                                                                  $30,000

1          $11,852    $30,000 × 9%  $11,852 - $2,700   $30,000 - $9,152

                                $2700             $9,152                   $20,848

2         $11,852    $20,848 × 9%   $11,852 - $1,876     $30,000 - $9,976

                                  $1,876         $9,976                     $20,024

You might be interested in
Testbank Multiple Choice Question 100 Bramble Corp. purchased machinery on January 2, 2015, for $880000. The straight-line metho
ValentinkaMS [17]

Answer:

33,585.71

Explanation:

5 0
2 years ago
Suppose that government officials have set an emissions tax to reduce pollution. Assume that the optimal tax would be $1,500, bu
Mariulka [41]

Answer: there will be too much pollution

Explanation:

From the question, we are informed that government officials have set an emissions tax to reduce pollution and that the optimal tax should have been $1,500 but government officials have set the tax equal to $500.

It should be noted that due to the fact that the optimal tax has been set below the equilibrium, this will lead to a rise in pollution as the people will be aware that they're paying less than the optimal level which will lead to more pollution. An increase in the optimal tax will have help in reducing the pollution.

8 0
2 years ago
Compared to other groups, the _______________ generational cohort is more likely to complain, need special attention, and take t
Vinvika [58]

Answer:

<u>Seniors </u>

Explanation:

The seniors generational cohorts refers to the generation that preceded the generation of baby boomers classified as those individuals who were born between 1946 and 1964.

The seniors generation is habitually complaining, something inherited from their witnessing times of wars and periods of uncertainties and financial distress.

This generation commands respect, special attention and at the same time are more miserly in their spending habits.

Also a common observation being, these individuals are not well familiar and adept with technological advancements such as gadgets, systems and modern day appliances in the sense they require more time to get used to them.

5 0
3 years ago
A(n) _____ is an intermediary who takes title to the goods it handles and then distributes these goods to retailers, other distr
vova2212 [387]
A wholesaler would be the answer to your question.
7 0
3 years ago
A company that sells running shoes online wants to compare two new marketing strategies. They will test the strategies on 10 wee
PIT_PIT [208]

Answer:

The explanation of the three factors and they conclusion are below.

Explanation:

To begin with, when we talk about experimental units we refer to the entities that the researcher looks forward to make inferences about, so that means that in this case the experimental units of the situation will be all the people who got to visit the website in both schedules, the morning shift and the afternoon shift.

Secondly, the treatments is understood to be the process or the way, it could be said, that the researchers administrate to the experimental units. So that implicates that in this case the treatments will be the morning with its comfort described and the afternoon on the other side with its discounted prices shown.

Finally, the most probable outcomes for this experiments will be that the statics will show how the people interact with the variables and which of them generated more interest, that being either price or comfort. It will also show the behavior of the people when it comes to understand if the tend more to visit the web site at morning or afternoon.

6 0
2 years ago
Other questions:
  • Who here thinks that we should create a medium of this not unsimilar to yahoo answers, in which we could as general questions in
    5·1 answer
  • Difference between horticulture and floriculture
    14·2 answers
  • Baby boomers are interested in _____ brands, or products that reflect a certain time period, and are targeted with products like
    5·2 answers
  • Don was standing in a cafeteria line holding a plate. Tim was upset with Don. Tim turned Don around and grabbed the plate out of
    5·1 answer
  • Partners Gary and Elaine have agreed to share profits and 1osses in an 80:20 ratio respectively, after Gary is allowed a salary
    5·1 answer
  • What is a hallmark of assembly lines in Henry Ford's time?
    12·1 answer
  • Andrews corporation has income from operations of $227,000. in addition, it received interest income of $22,700 and received div
    13·1 answer
  • Juan Carlos originally hoped to purchase a home. However, because he could not earn enough money to ever afford one, he decided
    10·1 answer
  • PLEASE ANSWER THE 2 QUESTIONS IN THIS SCREENSHOT FOR ME THANK YOU IF YOU DO AND HERE IS A BRAILIEST IF 2 PEOPLE ANSWER IT OF COU
    13·2 answers
  • An honest effort to meet both the spirit and letter of the contract is termed Group of answer choices reasonable circumstances.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!