Use the formula of the present value of an annuity ordinary which is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value 85000
PMT monthly payment?
R interest rate 0.05
K compounded monthly 12
N time 10 years
Solve the formula for PMT
PMT=Pv÷[(1-(1+r/k)^(-kn))÷(r/k)]
PMT=85,000÷((1−(1+0.05÷12)^(
−12×10))÷(0.05÷12))
=901.55 round to the nearest tenth to get 900
Hope it helps!
Answer:
Debit Cash account $16,800
Credit Unearned Subscription Revenue $16,800
Explanation:
When a fee is received in advance for a service yet to be rendered, the revenue for such fee is said to be unearned. The entries required are
Debit Cash account and Credit Unearned fees or deferred revenue.
As the service is performed and the revenue is earned, debit Unearned fees and credit revenue.
Total amount received
= $20 * 8400
= $16800
Answer:
The correct answer is letter "A": Sigmund Freud.
Explanation:
Austrian neurologist Sigmund Freud (1856-1939) is the father of psychoanalysis. The Freudian motivation theory states -when it comes to sales and consumers- that human beings make purchases to satisfy <em>conscious-functional needs</em> and <em>unconscious needs</em>. Some of the Freudian approaches are used in marketing to study consumer behavior and preferences.
C. Only favorable information is likely to appear