In each succeeding payment on an installment note (C) the amount that goes to decrease the carrying value of the note increases.
<h3>
What is an installment note?</h3>
- An installment note is a type of promissory note in which the principal and interest are paid in predetermined quantities, or set minimum amounts, at certain time intervals.
- The loan is amortized through periodic principal reductions.
- An installment note is a legal obligation or responsibility that compels the borrower to return the lender's principal in a series of periodic payments.
- A lump sum note or balloon loan, on the other hand, demands the borrower to return the entire note principal on a certain date.
- There is no payment schedule.
- The amount that goes to reduce the carrying value of an installment note increases with each subsequent payment.
<h3>Solution -</h3>
As it is given in the definition above that the amount that goes to reduce the carrying value of an installment note increases with each subsequent payment.
Therefore, In each succeeding payment on an installment note (C) the amount that goes to decrease the carrying value of the note increases.
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Correct question:
In each succeeding payment on an installment note:
A. The amount that goes to decreasing the carrying value of the note is unchanged.
B. The amount that goes to decrease the carrying value of the note decreases.
C. The amount that goes to decrease the carrying value of the note increases.
D. The amounts paid for both interest and principal increase proportionately.
Answer:
d. $390 million merits and $110 million merits
Explanation:
The computation of the consumption and the government expenditure is shown below:
As we know that
Budget Surplus = Taxes - government expenditure
$40 = $150 - government expenditure
So, the government expenditure is $110 million
In addition,
Gross domestic product = Consumption + investment + government expenditure + net exports
$600 = Consumption + $100 + $110 + $0
So, the consumption is
= $600 - $100 - $110
= $390 million
We simply applied the above formulas in order to find out the consumption and government expenditure
Answer:
$7708 favorable
Explanation:
Volume variance shows the negative differentiation between the actual and the budgeted quantity sold at a budgeted sales price per unit.
A positive figure for volume variance indicates that it is favorable, and a negative figure for volume variance shows that it is unfavorable.
Volume variance = (Actual Quantity - Budgeted quantity sold) × Budgeted sale price per unit.
Volume variance = ( 1070 units - 988units) × $94
Volume variance = 82 units × $94
Volume variance =$7708 favorable
Answer: Ethics and Human Interface: Essence, determinants and consequences of Ethics in human actions; dimensions of ethics; ethics in private and public relationships.
Explanation:
Answer:
U.S. dollars = 14.012 U.S. dollars
Explanation:
Below is the exchange rate:
0.92777 Canadian dollars = 1 U.S dollars
Thus to find the amount of U.S. dollars bought from the 13 Canadian dollars, just divide the 13 Canadian dollars from 0.92777. Therefore the resulting answer will be the U.S. dollars.
U.S. dollars = 13 / 0.92777
U.S. dollars = 14.012 U.S. dollars
