Answer:
$3,176 , it's two months of interests $1,588 + $1,588
Explanation:
If the company paid each month 1/12 of capital plus interest it means that it's necessary to deduct the total amount of interests paid each month.
The company paid $25,588 and the monthly capital it's $24,000, therefore the company paid on interest an amount of $1,588 each month.
The issue of a one year installment note means that the company repay the principal to the lender in a series of periodic payments, in this case each month pay principal plus interests
In the income statement we have to applied the accrual criteria which means that the company only recognize the interest paid in the past months, November and December.
Answer:
Option D; JO IS LIABLE TO BIG LOAN CO. SINCE SHE RECEIVED A NOTICE FROM THEM ABOUT THE ASSIGNMENT.
Explanation:
A mortgage is a loan provided by a mortgage lender or a bank that enables an individual to purchase a home.
Mortgage payments usually occur on a monthly basis and consist of four main parts: principal, interest, taxes and insurance.
A transfer of mortgage is the reassignment of an existing mortgage, usually on a home, from the current holder to another person or entity.
When mortgage is transferred, two notices will be sent: one from the current mortgage servicer and the other from the new servicer. All payments after the notification will be made to the new servicer.
Since Jo was notified about the reassignment from Fund All Savings to Big loan Co. but still continues to pay Fund All Savings and Big Loan Co. sues Jo for nonpayment. What is most likely to be the court's judgement is that JO IS LIABLE TO BIG LOAN Co. SINCE SHE RECEIVED A NOTICE FROM THEM ABOUT THE ASSIGNMENT.
Answer:
Conversion cost= $58,300
Explanation:
Giving the following information:
Direct labor $ 29,000
Manufacturing overhead $ 29,300
<u>The conversion costs are the sum of the direct labor and manufacturing overhead:</u>
Conversion cost= direct labor + Manufacturing overhead
Conversion cost= 29,000 + 29,300
Conversion cost= $58,300
Answer: Option (a) is correct.
Explanation:
The complimentary goods are the goods which are used together to satisfy a given want. There is an inverse relationship between the price and demand of complimentary goods.
Suppose there are two complimentary goods such as computers and printers. So, an increase in the price of computers will lead to reduce the demand for printers because both are used together. Hence, there is a fall in the quantity supplied of printers. Alternatively, a decrease in the price of computers will lead to increase the demand for printers because both are used together.
Sales tax !!
hopefully this helps
