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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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In a _________________________ economy, the individuals and the government share in the economic decision-making process. These
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<u><em>Answer:</em></u>

<u><em>Mixed economy</em></u>

<u><em>Explanation:</em></u>

There are three types of Economies:

<u><em>Command Economy:</em></u>

An economy where price and products are controlled by the government. It is very commonly seen in communist countries, like China or Vietnam.

<u><em>Free market:</em></u>

An economy where the government has little to no control. However, a perfect free economy doesn't exist anywhere, and is just a concept.

<u><em>Mixed Economy:</em></u>

An economy where the market is controlled by both the people/consumers, and the government. America is a mixed economy. Individuals are allowed to own property with little government intervention. However, the government has a lot more control over other sectors of the market.

<u><em>So, to answer the your question, because the Mixed economy is controlled by the government and the poeple, it is the answer.</em></u>

6 0
2 years ago
Revenue expenditures
solmaris [256]

Answer:

Answer A

Explanation:

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4 0
3 years ago
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Dafna11 [192]
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A simple scoring model is used to decide among three projects that we'll call A, B, and C. The total score for project A is 30,
Flauer [41]

Answer: D) Project A is better than project B for this company at this point in time.

Explanation:

Option D is the best option because we do not know that the basis for the scoring model directly translates to earnings. The scoring of Project A at 30 does not necessarily mean that it's expected to earn those amounts of revenue and therefore triple that of Project C. We do not know because the information is not complete.

What we do know is that A has the highest score out of all projects and this is why it is better to do Project A as opposed to Project B.

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tresset_1 [31]
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