Answer:
i. How much do you owe on the loan today?
- remaining principal balance = $484,331.31
ii. How much interest did the firm pay on the loan in the past year?
- during year 2, $23,458 was paid in interests ($28,833.33 was paid in interest during year 1).
iii. Suppose starting next year (fourth year) the loan rate jumps to 7.2% APR. What is the remaining balance? What will be the monthly payment?
- the remaining balance at the beginning of year 4 is $475,916
- the new monthly payment will be $3,375.72
Explanation:
I prepared two amortization schedules using an excel spreadsheet. The principal on the loan was $500,000. The first one has a fixed 4.8% APR for the whole 30 years. In the second one, the APR changes to 7.2% at the beginning of year 4.
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Africans were successively delivered to the regions depicted in blue, in what became called the "Middle Passage".
The "middle passage," which brought the slaves from geographical region to the West Indies, might take three weeks. The Transatlantic (Triangular) Trade involved many continents, plenty of cash, some cargo and sugar, and lots of African slaves.
Historians estimate that about a million enslaved people were sold and moved round the country between 1808 and therefore the abolition of slavery in 1865. This internal movement of enslaved people is termed the Second Middle Passage.
The first slave traffic voyage from the American colonies sailed out of Massachusetts. The ship Desire left Salem in 1637, carrying Native American captives from the Pequot War to be sold as slaves within the Caribbean. This refers to the voyage of slaves from Africa, who were forced over to land.
European powers, aided by locals, captured the slaves and Caribbean traders received the slaves in exchange for goods from earth.. Commercial goods from Europe were shipped to Africa available and traded for enslaved Africans.
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Answer:
Merits
• limited liability
• Perpetual existence
Demerits
•Company mismanagement
•Lack of secrecy
Explanation:
Merits
° limited liability. The liabilities of the shareholders are limited to the value of investment they have in the company. This means that should the company becomes insolvent, the shareholders will only loose their investment in the firm and not their personal properties.
°Perpetual existence. This is based on the principle of separate legal entity , which means that the death of any shareholder or director would not in any way affect the existence of the company.
Demerits
° Company Mismanagement . One of the demerits of company is Mismanagement. The directors sometimes mismanage company's fund for their personal and selfish benefits which oftentimes throw the company into debt.
° Lack of secrecy. There is no secrecy in company as annual reports are given to the shareholders hence enable the competitors know it's performance and also provide company statements to registrar of companies.
Answer:
April ending inventory cost= $121,875
Explanation:
As per the data given in the question,
Unit production cost Absorption cost Variable cost
Direct material $15 $15
Direct labor 10 10
Variable factory overhead 7.5 7.5
Fixed factory overhead 5
Total cost $37.5 $32.5
Finished goods inventory = 12,500 - 8,750 = 3,750
Finished goods inventory cost using absorption costing = 3,750 × $37.50
= $140,625
Finished goods inventory cost using variable costing = 3,750 × $32.50
= $121,875
The appropriate response is Critical Design Review. A CDR surveys the framework last outline as caught in item determinations for every CI in the framework's item gauge and guarantees that every arrangement thing in the Product Baseline has been caught in the nitty gritty plan documentation.
