If i could be become invisble,id prank people
1.) student loans due to the fact that they are more secure than credit card debt and maybe have long periods before they have to be paid off.
2.) chad has a maximum amount of money he can use before it has to be paid back. Unfortunately chads maximum was so low he couldn’t even buy popcorn, or he already maxed out his card.
Answer:
An increase in dividends account
Explanation:
In accounting, a debit is used to record an increase in asset, an increase in expense and a decrease in liability.
With regards to the above, the correct option is an increase in dividends account because dividend is a current asset hence a debit records an increase in assets. Dividend is the returns paid to an investor or shareholder who invest or buys shares in a company. It is the reward paid to an investor for investing in a company.
Accounting<span> is the </span>process<span> of constructing and maintaining financials. </span><span>
The framework for the entire accounting process is referred to as</span> definitional framework. The framework<span> provides a categorized structure that classifies the basic elements in </span>accounting. The accounting equality shows that the assets of a business are equal to its equities. This means that Assets = Equities. Assets were defined earlier as the things of value owned by the business, or the economic resources of <span>the business. </span>
Answer:
Explanation:
Effective interest rate = [(Interest value of loan / Amount of loan after payment of interest) * (Number of months annually / Number of months notes hold)] * 100
= [($5,830 / $100,170) * (12 / 6)] * 100
= 0.1164 * 100
= 11.64%
1.
Computation the interest value of loan is:
Interest value of loan = Amount of loan * 8 / 12 * Percentage of discount
= ($106,000 * 6/ 12 )* 0.11
= $5,830
2.
Amount of loan after payment of interest = Amount of loan - Interest value of loan
= $106,000 - $5,830
= $100,170
