1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andreas93 [3]
3 years ago
15

On January 1, 2018, Allgood Company purchased equipment and signed a six-year mortgagenote for $186,000 at 15%. The note will be

paid in equal annual installments of $49,148, beginningJanuary 1, 2019. Calculate the portion of interest expense paid on the third installment. (Roundyour answer to the nearest whole number.)A) $21,048 B) $164,752 C) $27,900 D) $49,148
Business
1 answer:
Ne4ueva [31]3 years ago
5 0

Answer:

The correct answer is A: interest= $21048

Explanation:

An amortization schedule is a complete table of periodic loan payments, showing the amount of principal and the amount of interest that comprise each payment until the loan is paid off at the end of its term. While each periodic payment is the same amount early in the schedule, the majority of each payment is interest; later in the schedule, the majority of each payment covers the loan's principal.

Each payment is the same ($49,148), but the proportions of interest and capital pay changes. The interest proportion decreases from pay to pay.

Loan= 186000

i= 15%

n= 6 years

First pay:

i=186000*0,15=27900

amortization= 49148-27900=21248

Second pay:

i=(186000-21248)*0,15=24712

amort=49148-24712=24436

Third pay:

i=(164752-24436)*0,15=21048

amort=49148-21048=28100

While payments progress, interest decreases and amortization increases.

You might be interested in
Suzanne, an HR specialist, is assessing training and development needs at
DaniilM [7]
In my opinion, we all have our own values and true colors so we can't judge and predict by only looking cover so we need time to make sure what kind of other stuffs need to fill up after her or his probation period. After that we should decide which is the best way and shouldn't terminate by just only watching cover of a new one during his or her probation period.
5 0
3 years ago
Park & Company was recently formed with a $6,200 investment in the company by stockholders in exchange for common stock. The
KengaRu [80]

Answer:

a) $14,600.

Explanation:

The computation of the company total assets are shown below:

= Cash balance + supplies balance + equipment balance

where,

Cash balance =  investment amount + borrowed amount - paid amount for equipment

= $6,200 + $3,200 - $2,120

= $7,280

And, the other item values would remain the same

Now put these values to the above formula  

So, the value would equal to

= $7,280 + $1,120 + $6,200

= $14,600

4 0
3 years ago
Fire insurance policies include deductibles:
stiv31 [10]
1. A im not to sure for this one.... :/ 
2. A  Signaling ; reputation 
5 0
3 years ago
Why does welsh imply that the authenticity of the dance is brought into question because of global sharing?
Margaret [11]

Irvine Welsh (born 27 September 1958) is a Scottish novelist, playwright and short story writer. His 1993 novel Trainspotting was made into a film of the same name. , Welsh says dance, music and its surrounding culture remain a major influence on his work.That is why he imply that the authenticity of the dance is brought into question because of global sharing?

When dance forms become globalized, the question of whether or not the style can maintain its authenticity is raised. This, in turn, raises the question of what it means to be culturally authentic in the first place, as well as whether or not a style of dance can truly be possessed by a person or people.

Dance is a deeply personal art form, steeped in traditions, emotions, and experiences. Authenticity is what keeps dance alive.

It's clear that authenticity is one of the most important values in our society - but it means different things to different people.For dancers, authenticity isn't just some word to be tossed around.

To learn more about of authenticity of the dance here

brainly.com/question/28179011

#SPJ4

3 0
2 years ago
Trade deficits usually occur when crops are in short supply.<br> O True<br> O False
FromTheMoon [43]
I think the answer is true, but if I’m wrong sorry
5 0
3 years ago
Other questions:
  • You are given the following information on Parrothead Enterprises: Debt: 9,200 6.4 percent coupon bonds outstanding, with 23 yea
    13·1 answer
  • Lem Co., which accounts for treasury stock under the par value method, acquired 100 shares of its $6 par value common stock for
    13·1 answer
  • How to find the slope from 2 points
    12·1 answer
  • AIS documentation is useful for accomplishing all of the following except:
    12·1 answer
  • Presented below are transactions related to Novak Corp.
    14·1 answer
  • On November 1, 2021, NoleCo signed a $100,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six
    14·1 answer
  • How do monopolistic market structures determine prices to charge for goods and services?
    9·1 answer
  • Which of these interaction is most consistent with the idea of networking? Select one:
    5·1 answer
  • Which of the following statements accurately explains why profits for firms in a perfectly competitive industry tend to vanish i
    11·1 answer
  • Type the correct answer in the box. Spell all words correctly
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!