<span>Assume
that Jocelyn is comparing two fixed-rate loan options, a 15 year and a
30 year mortgage. Both options have the same interest rate and amount
borrowed. The 30 year, when compared to the 15 year loan will have a lower monthly payment and a higher total cost when
repayment is completed.
The longer the spread of an annuity payment the lower the monthly payment and the higher the total cost of the loan.
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Answer and Explanation:
The Journal entries are shown below:-
Interest expense Dr, $316,800
Premium on bonds payable Dr, $19,200 ($96,000 ÷ 5)
To Interest payable $336,000 ($4,800,000 × 7%)
(Being interest expense and bond premium amortization is recorded)
Here we debited the interest expenses and premium on bonds as it increased the expenses and we credited the interest payable as it also increased the liabilities
Chicago is considered by many to be a central hub in the midwest between the east and west coasts. Consider the centralized location and proximity to water which makes the city an excellent port/
Answer:
$2700 supplies in hand
$3600 Supplies expense
Explanation:
As you can see in question data Sheldon has already counted the supplies in hand so, we only have to calculate supplies expense by doing some minor workings
WORKINGS
Supplies Expense = Opening + purchases - payment made
Supplies Expense = $1600 + $4700 - $2500
Supplies Expense = $3600
Answer:
d. all of the above
Explanation:
The financial market manages risk between parties with intermediate agents. They receive from the savers which want no risk and lender to investment which has exposure to risk. This helps to increase the economy's wealth and direct savings into new business investment.
Last, these financial markets will compete with each other and offer different services to the savers.
