Answer:
True
Explanation:
To illustrate how the sum-of-the-digits method allocates interest we can use a lease example:
You are the lessor and you will lease a machine during 4 years. The lease requires 4 equal payments of $100,000 at the beginning of the year. After the lease, the asset's salvage value = $0.
The asset's current value = $300,000, so total interests received = $100,000
Using the sum-of-the-digits method, you will allocate interest as follows:
- year 1 = 3/6 x $100,000 = $50,000
- year 2 = 2/6 x $100,000 = $33,333
- year 3 = 1/6 x $100,000 = $17,000
The largest portion of interests is allocated during the beginning of the loan.
Answer:
When Terry fed her dog, she noticed that only one can of Alpo Beef Chunk Dinner remained. Since it was the only kind her aging dog ate, she stopped at the supermarket and bought a case of Alpo Beef Chunk Dinner dog food. She used habitual decision making process to replenish her stock of can.
Explanation:
As we have seen that Terry feeds her dog with only Alpo Beef Chunk, she don't consider any other option, product and brand, therefore, she needs very less search and almost no evaluation of any other option available in this product category. In this kind of decision making consumers needs very less information about the product because they know what they are going to purchase and they are very less bothered about the other options. Consumers feel almost no frustration in searching for the information and looking into the shelves for the other brands, they just go straight to the racks and pick their products up. Consumers saves their time by using this kind of decision making. In this kind of decision making, human brain form certain patterns, develop habits and therefore, saves energy.
Answer:
d. Accounts Payable; Unearned Revenue; Collins, Capital
Explanation:
As we know that the following accounts have a debit balance and credit balance. If they increase, then the respective accounts have same the debit balances and the credit balances
Debit balances
1. All types of assets
2. Expense and losses
Credit balances
1. Stockholder equity
2. All types of liabilities
3. Revenues and gains
A bank correction of an error from recording a $50 check paid as $500 appears on the bank statement as a<u> credit memorandum that increases the account balance</u>.
Recording errors must be introduced or subtracted from the ebook stability. If the item cleared the financial institution for much less than the quantity within the books, add the amount of the error. If the object cleared the financial institution for greater than the quantity within the books, subtract the quantity of the mistake
Make all the necessary modifications for the bank's mistakes. In case the bank reconciliation statement begins with the debit stability as in keeping with the financial institution column of the coins ebook, add all of the quantities erroneously credited by the bank and deduct all the quantities erroneously credited by using the bank.
Debit cash within the journal via writing "cash" on the primary journal line and the quantity of the error within the debit column of the magazine. visit the road proper under it within the magazine, indent the access barely, then write the account call laid low with the mistake and credit score the quantity of money involved.
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Answer:
A. the type of material that was used to make it.
Explanation: