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jarptica [38.1K]
3 years ago
15

What is the loan balance (in dollars) after the third payment, of a 5 year loan of $100,000 with an APR of 10% and annual paymen

ts
Business
1 answer:
sweet [91]3 years ago
7 0
110,000 total I thing I am not to sure
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Answer: Option C is true about Accruals basis

Explanation:

Cash basis states that transactions are only recognized when cash is received and paid. Some of the short comings of the cash basis was it didn’t regard the period in which transactions occured, etc

Accrual basis states that revenue is recognized when earned and expenses when incurred and not when cash is received or paid.

Option 1 is wrong because cash basis only records cash transactions.

Option 2 is wrong because Accruals basis is recognized by GAAP

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If the economy is in a recession, according to Keynesian economists, which fiscal policy is likely help this economic issue?
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3 years ago
How does the law of diminishing marginal utility relate to law of demand?
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Answer:

Explanation:

The law of diminishing marginal utility helps to explain the negative slope of the demand curve and the law of demand.If the satisfaction obtained from a good declines, then buyers are willing to pay a lower price, hence demand price is inversely related to quantity demanded, which is the law of demand.

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3 years ago
MC Qu. 151 Using the information below for... Using the information below for Sundar Company; determine the total manufacturing
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Answer:

Manufacturing Cost = 94,100

Explanation:

Given that,

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Manufacturing Cost = $20,500 + 26,000 + 47,600

Manufacturing Cost = 94,100

5 0
4 years ago
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