Answer:
$450,732, the loan's principal balance increases because the monthly payment doesn't even cover interest expense
Explanation:
In order for you to pay the debt completely in 25 years, you would need to pay $1,497.66 per month. But since you can only afford to pay $950 per month, the remaining balance will be $450,732.
I prepared an amortization schedule in an excel spreadsheet
Answer: b. The static budget is prepared for a single level of activity, while a flexible budget is adjusted for different activity levels
Explanation:
Static budget: It is a type of budget whose expenses or amount will not change even if there is a change in volume. It is planned to remain fixed for the time of it duration irrespective of variations which might affect it outcome. A static budget is commonly used by non profit organization that runs on specific amount of allocation over a period.
Flexible budget: Is just the opposite of static budget, it is a budget whose amount changes with volume, it is a more practicable type of budget than the static budget. It can be used to evaluate performance in successful or unsuccessful areas over a period. Flexible budget is used basically to predict the changes that occurs in cost (fixed or variable).
Answer:
A. A prescriptive easement
Explanation:
A prescriptive easement is defined as the right of a person to use another person's property for a legally defined period of time.
This does not confer ownership to the user only the right to use the land.
In the given scenario Stupendous Productions, Inc. again this year want to put on its Rock-and-Roll Revival, a two-week fesitval with some of the greatest acts in the music industry, on your land.
Since they had used the land before, in court they can ask for a prescriptive easement to use the land for the concert
Answer:
Notes payable - Balance sheet
2. Advertising - Income statement
3. Common stock - Balance sheet
4. Cash - Balance sheet
5. Service revenue - Income statement
6. Dividends - retained earnings statement
Explanation:
1. Notes payable - Balance sheet... It s a liability
2. Advertising - Income statement.... It is an expense
3. Common stock - Balance sheet... It is an owner's equity
4. Cash - Balance sheet... It is an asset
5. Service revenue.... Income statement.... It is a revenue/sales
6. Dividends - retained earnings statement
According to this article https://www.aimersoft.com/tutorial/cd-vs-dvd.html
it says a CD hold around 700 MB and a DVD 4.7 GB . Taking this in consideration a GB holds 1000 MB .4.7*1000=4700
4700/700=about 6.7 more memory so the best estimate is about √7 times√