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Dafna11 [192]
3 years ago
12

Letitia borrowed $6,000 from her bank two years ago. The loan term is four years. Each year, she must repay the bank $1,500 in p

rincipal plus the annual interest. The payments are in equal amounts, with the entire loan paid off by the end of the four years. Which type of loan does she have
Business
1 answer:
marysya [2.9K]3 years ago
5 0

Answer:

amortised loan

Explanation:

Letitia borrowed money from the bank, and according to the loan regulations, she has to pay an equal amount for the rest of two years, which shows that it is a type of amortised loan. In amortised loan customers pay back the loan in stages, and they pay that according to the criteria of the bank.

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Describe data processing in accounting by selecting the correct statements below. (Check all that apply.) Multiple select questi
V125BC [204]

Answer:

✓Batch processing accumulates source documents for a period of time and then processes them all at once.

✓ Online processing enters and processes data as soon as source documents are available.

✓An advantage of online processing is timeliness.

✓ Accounting systems differ with regard to how input is entered and processed.

Explanation:

.

The data processing can be regarded as process which involves set of operations that helps in transforming data to useful information. This encompass Collection of data, sorting of data to suitable format, entry of data. In accounting this process could involve recording, as well posting/closing steps which are required in the journals and ledgers. It should be noted that data processing in accounting can be described as;

✓Batch processing accumulates source documents for a period of time and then processes them all at once.

✓ Online processing enters and processes data as soon as source documents are available.

✓An advantage of online processing is timeliness.

✓ Accounting systems differ with regard to how input is entered and processed.

3 0
3 years ago
The straight-line depreciation method and the double-declining-balance depreciation method: A. Produce the same depreciation exp
Artemon [7]

The relationship between the straight-line and double-declining-balance method is that they D. Produce the same total depreciation over an asset's useful life.

<h3>How are the straight-line and double-declining-balance methods related?</h3>

While they do not produce the same depreciation every year, they will eventually depreciate an asset in the same way overtime.

What this means is that both methods will depreciate an asset by the same amount at the end of the asset's life. However, the depreciation amounts will vary by method on an annual basis.

In conclusion, option D is correct.

Find out more on depreciation methods at brainly.com/question/26948130.

6 0
2 years ago
The common stock of the C.A.L.L. Corporation has been trading in a narrow range around $95 per share for months, and you believe
miv72 [106K]

Answer:

The price of 3 months call option on stock is 8.03.

Explanation:

Acording to the details we have the following:

P = Price of 3-months put option is $6

So = Current price is $95

X = Exrecise price is $95

r = Risk free interest rate is 9%

T = Time is 3 months=1/4

C=Price of call option?

Hence, to calculate what must be the price of a 3-month call option on C.A.L.L. stock at an exercise price of $95 if it is at the money, we have to use the formula from put-call parity.

C=P+So-<u>     X    </u>

                (1+r)∧T

C=$6+$95-  ( <u>$95      )</u>

                     (1+0.09)∧1/4

C=$6+$95-$92.97

C=8.03

The price of 3 months call option on stock is 8.03

5 0
3 years ago
Assume that the demand curve for a certain good is a vertical line. This vertical demand curve illustrates the idea that:
ladessa [460]

Answer:

e.people will not change the quantity of the good when the price of the good is changed.

Explanation:

When the demand curve for a good is vertical, it indicates that the demand for the good is perfectly inelastic ; a change in price has no effect on the quantity demanded.

Goods with perfect inelasticity usually have no or little close subsituites.

I hope my answer helps you

6 0
3 years ago
The value of a cash budget is that it helps you predict and supply your future cash needs.
shtirl [24]
For the answer to the question that is being asked and shown above, it is "TRUE." <span>The value of a cash budget is that it helps you predict and supply your future cash needs. This statement is true as far as the value of a cash is concerned.</span>
4 0
3 years ago
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