Answer:
January 1, 2021, vehicle purchased on credit
Dr Vehicles 50,000
Cr Notes payable 50,000
January 31, 2021, first installment
Dr Notes payable 578.64
Dr Interest expense 250
Cr Cash 828.64
Interest expense = $50,000 x 6% x 1/12 = $250
February 28, 2021, second installment
Dr Notes payable 579.89
Dr Interest expense 248.75
Cr Cash 828.64
Interest expense = $49,750 x 6% x 1/12 = $248.75
Generally loans are made on a 360 day year basis, that means that the monthly interest expense is always calculated as 1/12 of the annual interest charge.
Answer: True
Explanation:
Changing personnel responsibilities might in one way or the other enhance information risks increasing the probability of disruption and unauthorized access to information system in an organization.
A foreclosure is a fee levied by your lender that represents pre-paid interest on your mortgage loan.
<h3>What is foreclosure?</h3>
foreclosure serves as the the action of taking in the possession of a mortgaged property in case they fail to meet up with mortgage payments.
In this case, A foreclosure is a fee levied by your lender that represents pre-paid interest on your mortgage loan.
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Answer:
Sentence 2 is right.
Explanation:
Since Ana is doing the training in which three skills are taught. So it is for sure that if she spends an hour for swimming, that hour cannot be utilized for acquiring other skills such as biking or running. So she has to make a choice and while making a choice she has to forgive other option. That is opportunity cost for her, the next best alternative forgone
