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kap26 [50]
2 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]2 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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Alisiya [41]

The purpose of Microeconomics is to match supply and demand among the producers and consumers of society as a whole.

<h3>What is microeconomics?</h3>

Microeconomics is the study of decisions made by people and businesses regarding the allocation of resources, and prices at which they trade goods and services.

Examples of microeconomics include:

  • Supply
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  • Competition
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Hence, Microeconomics aims at matching supply and demand among the producers and consumers of society as a whole.

Learn more about microeconomics here : brainly.com/question/8648375

7 0
2 years ago
Assume a large corporation is experiencing the​ principal-agent problem. What could the corporation do to minimize this​ problem
EastWind [94]

Answer:

1) Structure rewards/pay to be based on performance

2)Make them stakeholders/shareholders of the principal

Explanation:

The major principal/agent problem is the agent not acting in the best interest of the principal. Taking the steps above could minimize the problem

7 0
3 years ago
Gunk Co. reported an asset retirement obligation on its 2019 financial statements. The present value of the liability for the as
iVinArrow [24]

Answer:

$31.44

Explanation:

The accretion expense each year will be calculated as = Present value of the Asset retirement obligation at the end of the previous year * Discount Rate

Hence, the amount of accretion expense Gunk will record in 2020 related to the asset retirement obligation

= $393 * 8%

= $31.44

4 0
2 years ago
Answer ASAP will give 45 points
Licemer1 [7]
Sorry I’m not really sure of the answer
4 0
2 years ago
Read 2 more answers
Among the most effective ways to increase sales of an online service is to offer some form of free trial for users to experiment
Basile [38]

Answer:

Option D

Explanation:

When providing an online service, a company firstly targets to reach the maximum audience. With the increase in reach of audience the chances and feasibility of sales also increases.

But, still there are many customers who desire to have a free trial of service, in order to ensure themselves about the quality and  detailed description of service.

In case company agrees to provide free trial, those customers are also satisfied and tend to avail the online service.

Thus, although the sales is directly proportional to the number of visitors, but it would definitely increase by providing the free trial of online service, as ensures more satisfaction in customers.

Final Answer

Option D

7 0
2 years ago
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