1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Step2247 [10]
4 years ago
11

On March​ 1, 2018, Vintage Services issued an​ 8% long-term notes payable for​ $22,000. It is payable over a​ 16-year term in​ $

1,375 principal installments on March 1 of each​ year, beginning March​ 1, 2019. Each yearly installment will include both principal repayment of​ $1,375 and interest payment for the preceding​ one-year period. The journal entry to pay the first installment will include a debit to Interest Expense for​ $1,760. True or False?
Business
1 answer:
AveGali [126]4 years ago
7 0

Answer:

True. The answer and procedures of the exercise are attached in a microsoft excel document.

Explanation:

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

Download xlsx
You might be interested in
A company had 6,950,000 net income for the year. Is net sales were 14,700,000 for the same period. Calculate its profit margin.
kobusy [5.1K]
0.46 or 46% hope this helps
5 0
3 years ago
Even if you are willing to take on more responsibility, you need to make sure that ______. a. you do not take on too much b. you
pentagon [3]
Tricky tricky. I'll go with 'A. you do not take too much' from experience.
4 0
4 years ago
Read 2 more answers
what are the pros and cons of going through economic transition from a centrally planned to a mixed economy
skelet666 [1.2K]

Answer:

There are benefits and drawbacks to command economy structures. Command economy advantages include low levels of inequality and unemployment, and the common good replacing profit as the primary incentive of production. Command economy disadvantages include lack of competition and lack of efficiency.

Explanation:

Mark me Brainliest

5 0
3 years ago
Which best describes what a central bank uses monetary policy to do?
Dovator [93]

Answer:

d) steer the economy away from recession and toward growth best describe what central bank uses money policy to do

Explanation:

A key role of the central banks is to conduct monetary policy so as to achieve price stability (low and stable inflation) and to aid manage economic fluctuations.

4 0
4 years ago
Read 2 more answers
At the end of 1990, 1991, and 1992, the average prices of a share of stock in a portfolio were $34.83, $34.65, and $31.26 respec
snow_tiger [21]

Answer:

27.646, 39.523

Explanation:

5 0
3 years ago
Other questions:
  • Usually, the decision to notify parties outside the client’s organization regarding noncompliance with laws and regulations is t
    6·1 answer
  • A woman cut her own fabric and sewed her own dress in the
    6·1 answer
  • What is the total stockholders' equity based on the following account balances?Common Stock $1,300,000Paid-In Capital in Excess
    14·1 answer
  • On February 10, 2018, after issuance of its financial statements for 2017, Higgins Company entered into a financing agreement wi
    8·1 answer
  • Most recent work on the history of leisure In Europe has been based on the central hypothesis of a fundamental discontinuity bet
    10·1 answer
  • Oslo Corporation has two products in its ending inventory, each accounted for at the lower of cost or market. Aprofit margin of
    11·1 answer
  • The ________ in the Sigma Six cost-of-quality (COQ) equation includes the internal costs before the product is sold (like waste
    11·1 answer
  • “In fact, production theory is much simpler than consumption theory because the output of a production process is generally obse
    7·1 answer
  • The psychology of getting along well with others is known as: a) human emotions ) human relations b) human understanding d) huma
    6·1 answer
  • a firm has a fixed cost of $700 in its first year of operation. when the firm produces 99 units of output, its total costs are $
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!