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Kazeer [188]
3 years ago
12

A company borrows $70,000 by signing a $70,000, 8%, 6-year note that requires equal payments of $15,142 at the end of each year.

The first payment will record interest expense of $5,600 and will reduce principal by:
Business
1 answer:
VLD [36.1K]3 years ago
3 0

Answer:

$9,542

Explanation:

A loan is amortized by the equal annual payment, each payment is sum of the two payment made against the principal and interest for the period on due balance.

The Equal Payment of $15,142 includes the payment of interest for the period and Principal.

The Principal Payment is the net of Payment made and Interest expenses in the period.

Principal portion = $15,142 - $5,600 = $9,542

The principal will be reduced by $9,542.

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Which of the following types of child care is most closely regulated by state and county government? A. Child care center B. Fam
Montano1993 [528]
I think this will be A ;)
6 0
3 years ago
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If you're a manufacturer, and you want to showcase your product in a store that has a narrow but deep selection of merchandise a
damaskus [11]

Answer:

b. a specialty store.

Explanation:

A specialty store. -

It is a type of retail business , which focus on certain goods and services , is known as a speciality store .

These type of company are expert in making a certain goods or services .

For example ,

The store that are designed specifically for men clothing or women clothing  or specific for toys , cosmetics etc .

Hence , from the question , the correct term according to the given information of the question is a specialty store .

8 0
3 years ago
Which of the following scenarios makes Tim liable for undue influence? a. He uses a false identity, borrows $10,000 from Kelly,
dedylja [7]

Option C , Tim takes advantage of his grandmother's illness and persuades her to sign a will leaving all her property to him.

Explanation:

A individual who demonstrates excessive control may always be someone who has a special connection with the testator who has had the ability to render the testator vulnerable who affected by terms of danger, difficulty, manipulation.

Undue interference occurs mainly in areas of probate, trust and properties, power of attorney and custody.

Indecent influence is not usually a crime in itself, but it can be a means of committing a crime, including exploitation, fraud, domestic abuse and sexual assault.

8 0
3 years ago
There is nothing that can be done when advertisers record and transmit their advertisement at higher volume than the
Naddik [55]

Answer:

This is false. The TV network is able to limit how often commercials and advertisements are played on their network channel.

7 0
2 years ago
Sufficient Dwelling Coverage? Colton Gentry of Lancaster, California, has owned his home for ten years. When he purchased it for
Shtirlitz [24]

Answer:

a. $17,978

b. $300,000

Explanation:

Conditions

  • The  cotton country of lancaster, california has owned his home for ten years
  • purchased it for $178,000, cotton bought a $160,000 homeowner's insurance policy
  • the replacement cost of the home is now $300,000

a.    hence,

the proportion of the house insured = \frac{InsuranceAmount}{PriceOfThe Home} \times 100%

                                                             = \frac{160000}{178000}\times 100

                                                             =   89.89%

Percentage amount covered by the policy

= proportion of the house insured = 89.89%

Amount covered by the policy in dollars

= $20,000 × 89.89%

= $17,978

b

Amount of insurance on the home that cotton should now carry to be fully reimbursed for a fire loss  = current value of the home

= $ 300,000

5 0
3 years ago
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