Answer:
The principal balance is $151,573
Explanation:
For computing the principal balance, we need the following calculation which is shown below:
1. First we have to compute the 1 month interest payment which equals to
= Note amount × rate × 1 month ÷ total months in a year
= $152,000 × 14% × 1 ÷ 12
= 1773.33
2. Now deduct the first month interest from installment amount which equals to
= Installment amount - Interest amount
= $2,200 - $1773.33
= $426.67
3. Now subtract step 2 amount from notes amount which equals to
= Notes amount - principal amount
= $152,000 - $426.67
= $151,573.33
Hence, the principal balance is $151,573
Answer:
$600
Explanation:
The written down amount is $725, which is bad debt and provision is not required for it.
The increase in allowance for bad debt is always Written Off by using the provision and at the year end the amount that must have been written off is $600 which is the increase in the provision. This means that the Allowance for Bad Debts is $600.
Answer:
microeconomics: The study of the behavior of individual households and firms in making decisions on the allocation of limited resources. Macroeconomics: The study of the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets.
Explanation:
Answer:
It will increase, and then decrease as the customer becomes more knowledgeable
Explanation:
As a customer's product knowledge increases, what typically happens to the amount of search conducted by the consumer is that the amount will first increase, and then decrease as the customer becomes more knowledgeable.
Answer:
d. executes design blueprints provided by other firms and manufactures such products
Explanation:
An original equipment manufacturer makes parts and components and sells them to other firms for reselling under the reseller's brand name. The original equipment manufacturer(OEM) makes complete devices or parts that the reseller uses to manufacture other goods. There has to be a good relationship between the manufacturer and the final and the OEM.
The manufacturer must determine the quality and other specifications for components that go into their products. Some products are not manufactured; they are an assembly of parts from various OEMs.
Traditionally, OEMs do not brand or market their products. They receive designs form clients who eventually market the products. However, modern OEM are branding and even selling their products. Examples of OEMs include firms that manufacture automobile parts who sell to car manufacturers. Others are computer parts and software producers who sell to computer manufacturers.
