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Karolina [17]
3 years ago
11

An amortizing loan is one in which:the principal remains unchanged with each payment.accrued interest is paid regularly.the matu

rity of the loan is variable.the principal balance is reduced with each payment.
Business
1 answer:
Whitepunk [10]3 years ago
3 0

Answer:

The principal balance is reduced with each payment.

Explanation:

An amortizing loan is a loan with scheduled periodic payments that consists of both the principal plus the interest. The interest along with some part of principal is being paid in every payment. In beginning, interest component is higher but it gradually deceases as principal is being paid also which decreases the interest along with it.

Therefore, For Amortized loan, The principal amount is reduced per payment made.

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SpyIntel [72]

Answer:

OK Thanks for the free points

4 0
2 years ago
Read 2 more answers
On January 1, 2017, Doone Corporation acquired 70 percent of the outstanding voting stock of Rockne Company for $672,000 conside
bogdanovich [222]

Answer:

Question a:

The non-controlling interest of Rockne´s 2018 net income is $111,000.- calculated by taking 30% of Rockne´s net income of $370,000.-  

Question B:

There are 3 entries required to eliminate te sale of goods form rochne to doone.  

The first entry eliminates the sales recorded by rockne against te inventory or cost of goods sold by recorded by doone.  To consider, the 60% of the purchases went trhough cost of good sol d and 40% of the purchases remain in inventory until the following year.  Here is the engru:

Debit/sales/$530

Credit/COGS/ ($318) 60%

Credit inventory ($212) 40%

The next entry has to do with the amount of inventory that remained from the last intercompany transaction.  This is caclulated usin 40% of 2017 sales, which were $430.   So:

Debit inventory $172

Credit Cogs  ($172)

The last part is to eliminate the recievable on the book of rockne when they made te sale

Debit Payable $530

Credit receivable ($530)

6 0
3 years ago
1. A growing number of managers believe that in order to work on difficult business problems, they must refrain from looking at
anastassius [24]

Answer:

Checking emails frequently takes the focus away from the work. Usually, when the managers engage in strategic planning processes, it takes time and systematic thinking and development of plans.

However, emails are a vital part of business communications in this Era. And it should be given priority as well. However, having a specific time frame to read emails is essentials as this takes the focus and attention away.

Explanation:

4 0
3 years ago
Name and explain money notes<br>​
Alborosie

Answer:

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context.[1][2][3] The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment.[4][5] Any item or verifiable record that fulfils these functions can be considered as money.

6 0
2 years ago
Suppose that the tax on interest income is levied on the nominal interest​ rate, the tax rate is 20 ​percent, and the real inter
8090 [49]

Answer:

  • After-tax interest rate ⇒ 3.2%
  • True tax on interest income ⇒ 20%

Explanation:

After-tax real interest rate:

= Real interest rate * (1 - tax rate)

= 4% * (1 - 20%)

= 4% * 80%

= 3.2%

True tax on interest income:

= 20%

True tax on interest income is the tax rate levied on the nominal interest rate which is 20%.

3 0
3 years ago
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