Proportion of each payment that represents interest as opposed to repayment of principal would be lower if the interest rate were lower.
Amortization is the process of gradually paying-off of debt through scheduled installments that include the component of principal and interest.
- The amortization tables helps to keep track of amount owed and when payment is due.
- The table also shows how much to be paid at required intervals (i.e. monthly, bi-monthly, quarterly etc)
- As the repayment and period of payment increase, the outstanding debt keeps decreasing as well.
- The rate of interest determines the amount of repayment to be made at each interval
Therefore, if the interest rate were lower, then, the repayment of principal would be lower as well.
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Answer:
Variable cost per unit = $1.5 per unit
Fixed cost = $14,558
Explanation:
Variable cost per unit
= cost at high activity - cost at low activity/High activity -low activity
=$(74,798- $41,663) / (40,160 -18,070) units
= $1.5 per unit
Fixed cost
Total fixed cost = cost at high activity - ( vc per unit × high activity)
= 74,798 - (1.5 × 40,160)
= $14,558
Variable cost per unit = $1.5 per unit
Fixed cost = $14,558
Answer:
It is good field practice to double-check and possibly triple-check the <u>location</u> decision, since the cost of repairing an improperly cut roof can be very high
Explanation:
Location decision can be described as the process of selecting a business location. Its major goal is to select the best options from a variety of options.
How easy or difficult it is for customers to reach a business is the most crucial factor that influences the success of a business. Customers frequently abandon businesses that are difficult to reach. Again, it is important to think about the target clients of the business and choose a location that will make it easier for them to locate the business.
Therefore, it is good field practice to double-check and possibly triple-check the <u>location</u> decision, since the cost of repairing an improperly cut roof can be very high. This implies the negative effect of a bad location decision may be too high for the business to bear.
<u>Answer:</u>
<em>Exclusion upto $103,900. Taxable amount is $6100.</em>
<u>Explanation:</u>
<em>US natives</em>, just as changeless occupants, are required to document ostracize expense forms with the government consistently paying little mind to where they dwell.
Alongside the <em>common assessment</em> form for money, numerous individuals are likewise required to present an arrival revealing resources which are held in ledgers in remote nations. Notwithstanding where you live, you should record <em>expat imposes in the US.</em>
Answer:
The TRUE statement about the Restatement of the Law of Contracts is:
a. It is a valuable resource for judges to consult, but it is not formal law.
Explanation:
The Restatement of the Law of Contracts are treatises that clarify the general principles of contract common law, to help judges and lawyers in their judgments. Though it is one of the best-recognized and frequently cited legal treatises in all of American jurisprudence, it remains secondary sources of law. With the cooperation of judges, legal professors, and other legal experts, it is written and published by the American Law Institute (ALI).