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Luda [366]
3 years ago
13

Ann Company borrowed $240,000 to buy an equipment on January 1, 2019, and signed a 7% instalment note requiring annual equal pay

ments, including principal and interest at the end of every year for 15 years. Rounded to the nearest dollar, determine the balance in the Instalment Note Payable account after making the first annual payment.
Business
1 answer:
gogolik [260]3 years ago
7 0

Answer:

$2,000

Explanation:

Payment include repayment of Capital Amount and Payment of Interest expense

Therefore the balance in the Instalment Note Payable account after making the first annual payment is

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QUESTION 1
ella [17]

Answer:

D. sociological imagination

Explanation:

sociological imagination refers to the way we see how personal experiences felt by certain individuals lead to a certain outcome.

This could be used in analyzing people's preference in music.

Let's use reggae music for example.

Even though we can't apply this to all reggae music, large majority of its rhythm tend to be really slow and relaxing and the lyrics that the reggae artists used tend to be revolved around  maintaining peace and enjoying life.

With this very characteristics alone, people who have the desire or personality to maintain peace and enjoy life has the higher chance to develop strong preference to this genre of music compared to let's say teenagers who are in their rebellious phase.

3 0
3 years ago
A 6 percent, annual coupon bond is currently selling at a premium and matures in 7 years. The bond was originally issued 3 years
vekshin1

Answer and Explanation:

the answer is attached below

6 0
3 years ago
Read 2 more answers
Sheffield Corp. compiled the following financial information as of December 31, 2017:
kramer

Answer:

Explanation:.

3 0
3 years ago
In a fixed exchange rate​ system, how do countries address the problem of currency market pressures that threaten to lower or ra
Jet001 [13]

Answer: D. A and B only

Explanation:

In a fix exchange rate, the country can address problem of currency market pressure that threaten yo lower or raise the value of its currency by this under listed measures;

1. if demand falls, then countries must increase demand by buying up the excess supply with domestic currency

2. if demand rises, countries must fill the excess demand for foreign currency by selling their reserves.

5 0
3 years ago
what is the surface area of a triangular prism where the base area is 25 m2 (metre square) , the base perimeter is 24 m and the
mixas84 [53]

Answer:

SA = 338m²

Explanation:

Write down given values.

A = 25m²

P = 24m

L = 12m

Solve:

SA = (2×A) + (P×L)

= (2×25) + (24×12)

= 50 + 28

SA = 338m²

7 0
2 years ago
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