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kap26 [50]
3 years ago
6

On January 1, Year 1, Barnes Company issued a $100,000 installment note. The note had a 10-year term and an 8 percent interest r

ate. Barnes agreed to repay the principal and interest in 10 annual payments of $14,903 at the end of each year. The principal balance of the note on January 1, Year 2 is (round your answer to the nearest whole dollar).
a) $100,000
b) $92,000
c) $100,000
d) $92,000
e) $93, 097
f) $96,903
Business
1 answer:
Over [174]3 years ago
3 0

Answer:

e) $93,097

Explanation:

Interest for 1st year = $100,000*8%

Interest for 1st year =$8,000

Principal repayment for 1st year = $14,903 - $8,000

Principal repayment for 1st year = $6,903

Principal balance on January 1,Year 2 = $100,000 - $6,903

Principal balance on January 1,Year 2 = $93,097

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An epidemiologic experiment is performed in which one group is exposed to a suspected factor and the other is not. All individua
DedPeter [7]

Answer:

d. improve the likelihood that the two groups will be comparable with regard to known and unknown confounding factors.

Explanation:

<u>Epidemiology is the term that is used to define a study in which the study is done on a defined population for the health related issues, that is about answering the who, when and where related to this study.</u>

In this given question also the experiment focuses on developing two different groups to understand and conduct the study and analysis properly, based on the suspected factor and how they react to it.

Thus, it will lead to compare the groups in order to make the analysis efficient keeping constant factors.

8 0
3 years ago
Sandhill Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable $132,500 Allowance
goldfiish [28.3K]

Answer:

S/n  Accounts title                                        Debit      Credit

a.      Bad Debt expenses                          $2,655

                Allowance for Doubtful debts                    $2,655

                ((132,500*5%)-3,970)

        (Being bad debt expense recorded)  

b.       Bad Debt expenses                           $8,255

                  Allowance for Doubtful debts                   $8,255

                   {(132,500*5%)+1,630]

         (Being bad debt expense recorded)

5 0
3 years ago
What is the present value of​ $12,500 to be received 10 years from​ today? Assume a discount rate of​ 8% compounded annually and
notka56 [123]

Answer:

$5,790

Explanation:

As we know that

Future value = Present value × (1 + rate)^number of years

where,

Present value  = $?

Future value = $12,500

Rate = 8%

Number of years = 10 years

So, the present value equal to

= $12,500 ÷ (1 + 0.08)^10

= $12,500 ÷ 2.1589249973

= $5,790

Basically we applied the future value formula so that the present value could come

8 0
4 years ago
Assume there are two industries in our​ economy: the production of pizza and the production of calzones. Each of these products
Leno4ka [110]

Answer:

B. firms currently making pizza will switch to making calzones

Explanation:

7 0
4 years ago
If you were a raising peaches, apricots or nectarines Pearblossom or Little Rock, or growing hay and alfalfa outside of Palmdale
leonid [27]

College business.

Answer: no I wouldn't rely on precipitation.

Explanation:

I wouldn't rely on precipitation because these crops have a very high need for water that only natural source can't suffice.

Irrigation water can be used as a source, can come from groundwater, through springs or wells, surface water , through rivers, lakes, or reservoirs, or even other sources , such as treated wastewater or desalinated water .

8 0
3 years ago
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