The correct statement is that at the end of two years a total interest of 1246.10 has been paid on a principal of $11940, where the interest rate is 7.45 percent. So, the correct option is B.
The calculation on monthly payment of interest can be done by ascertainment of the interest paid for two years and division of such amount by total number of months.
<h3>Calculation of Monthly Payment</h3>
We know that the interest to be paid for the first year will be close to $902 and that for the second year will be calculated as follows,
So, the total interest paid at the end of the second year will be,
So, the total interest paid fully at the end of two years will be $1246.10
Hence, the correct option is B that the total interest of 1246.10 has been paid on a principal of $11940 at the end of two years upon monthly payments of such years.
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Answer:
$87,650
Explanation:
The computation of the dollar amount of returns and allowances is shown below:
= Gross sales for store B × customer returns and allowances percentage
= $876,500 × 10%
= $87,650
By multiplying the gross sales with the customer returns and allowances percentage we can get the dollar amount with respect to the returns and allowances and the same is to be considered
Answer:
The amount in September would Excom debit Product Warranty Expense is $805
Explanation:
According to the given data In order to calculate the amount in September would Excom debit Product Warranty Expense we would have to make the following calculation:
Product warranty expense
= 700 radios * 5% * cost per radio $23
Product warranty expense
=35*$23
Product warranty expense
=$805
The amount in September would Excom debit Product Warranty Expense is $805
Answer: The correct answer is "Material losses resulting from correction of errors related to prior periods.".
Explanation: It is generally established that the type of loss that is excluded from the determination of net income in the income statement are the material losses resulting from transactions in the company's investments account.
Answer:
B. Exposure.
Explanation:
The act exhibited by the highway crew can easily be explained to be exposure because of his stance from a mountain end and their reaction.
Measurement of exposure is generally defined as some form of
the amount of travel, either by vehicle or on foot. Once the amount of travel
is known for certain activities, or road users, and if we know the number of
crashes that are associated with that activity or population, the associated
risk can be calculated. Also the various ways of measuring the amount of travel are referred to collectively as exposure
data because they measure traveller’s exposure to the risk of death or
injury.
