So this is creating what is called an amortization table.
For this you will need 5 columns:
Beginning Principal Payment Interest Pd. Principal Pd. New Principal 120,000 886 750 . 136 119,864
119,864 886 . 749.15 . 136.85 . 119,727.15
To figure the interest paid for each payment you take the Interest Rate (7.5%) and divide that by 12 (the number of months in a year), You then take that rate and multiply by the beginning principal amount. This will tell you how much of your payment went to interest for that month.
For Principal paid, you take the total payment amount and subtract the interest paid you calculated in the previous step. This will tell you how much of your payment went to the principal on your loan.
For the new principal, you take the beginning principal and subtract the principal paid. This then becomes your beginning principal on the next line as well.
Answer:
c. Vertical integration
Explanation:
Vertical integration is a strategy in which a manufacturing entity owns or controls its channel of raw materials supply or products required, distribution chain, or retail locations to control its supply chain.
It affords the company some form of advantage by allowing them control the process, reduce costs, and improve efficiencies.
As such, where Shaw Industries, a giant carpet manufacturer, increases its control over raw materials by producing much of its own polypropylene fiber, a key input into its manufacturing process.
This is an example of Vertical integration.
Answer:
B) is only effective while the employees are working, so that payment may be withheld for shirking.
Explanation:
A company should continuously monitor their employees' performance, not only to punish them, but more importantly to reward good performance. When dealing with shirking and other irresponsible attitudes, it is extremely important that the employer acts quickly to correct irresponsible behavior and if necessary punish it. Trying to deal with irresponsible behavior one week, month or year after it passed is not very efficient.
In this case, shirking refers to an employee not willing to do a task that he/she is supposed to do and is included in the job description and requirements. E.g. imagine if you get paid for going to school and you decide you don't want to go anymore, that would be considered shirking.
Answer:
Unadjusted Trial Balance $117,590.
Explanation:
<u>Unadjusted Trial Balance of Marjorie Knaus</u> :
<u>Debit </u>
Cash 36,400
Accounts Receivable 20,600
Supplies 2,450
Prepaid Insurance 3,400
Automobiles 33,000
Equipment 10,200
Salary Expense 2,700
Blue Print Expense 1,700
Rent Expense 5,100
Automobile Expense 660
Miscellaneous Expense 1,380
Total 117,590
<u>Credit </u>
Notes Payable 25,300
Accounts Payable 7,240
Common Stock 51,000
Professional Fees 34,050
Total 117,590
Answer:
The minimum transfer price is $25.
Explanation:
The number of containers to be transferred = 10000 containers.
The rate of its container = $41.00
The selling price of food to customers = $98 per unit.
The variable cost per unit for food division = $37 per unit
The fixed price per unit = $25
The transfer price should be a minimum of $25 that is equal to variable cost because as per the rule the transfer price between the organization should be equal to variable cost or marginal cost. therefore, the minimum transfer price is $25.