Answer:
$5,550
Explanation:
Given:
Principle amount of the loan = $6,000
Duration of the loan = 10 years
Rate of interest = 10.5%
Principle payment made each month = $75
Now,
The total principle amount paid in six months
= Principle payment made each month × 6 months
= $75 × 6
= $450
Now,
the principle amount payment is made on addition to the interest, therefore no interest will be due after 6 months
Hence,
the principle loan balance
= Principle loan amount initially - Total principle paid
= $6,000 - $450
= $5,550
Answer:
Steve
Explanation:
because he can get in contact with Steve while in the hotel
The answer is networking, if there’s more to it then it’s networking to generate leads.
Answer:
On February 1, a customer's account balance of $2,700 was deemed to be uncollectible.
The entry to be recorded on February 1 to record the write-off assuming the company uses the allowance method is:
Debit Allowance for Doubtful Accounts $2,700; credit Accounts Receivable $2,700.
Explanation:
Using the allowance method, every bad debt entry is first reflected in the Allowance for Doubtful Accounts before it is taken to the bad debt expense account.
The entries above reduce the Accounts Receivable account by the amount of the write-off and reduces the Allowance for Doubtful Accounts by the same amount. Any recovery of written off debt is also treated in the Allowance for Doubtful Accounts and the Accounts Receivable account in revised order. This method is unlike the direct write-off method. With the direct write-off method, the Accounts Receivable is credited with the amount of the write-off and the write-off is expensed in the Bad Debts Expense account directly.
The three types of patents available under U.S. law are design, plant and utility.
<h3>What is patent?</h3>
A patent is an exclusive right granted for an invention, which is a product or a process that provides, in general, a new way of doing something, or offers a new technical solution to a problem.
It is the right from the federal government to produce and sell something for a certain number of years without anyone copying it.
Thus, option D is true as three types of patents available under U.S. law are design, plant and utility.
Learn more about patent here,
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