The event that will happen if he raised his price is If Kyle raises his price he will lose all of his customers. All of the people want to buy product who is low costing because they can save much money and they hate buying things that is so much expensive. The answer to this question is if Kyle raises his price he will lose all of his customers.
Answer:
Please see explanation
Explanation:
1. Debit Credit
Accumulated depreciation $92,600
Loss on disposal of machine $34,000
Machine $126,600
2.
Cash $17,500
Accumulated depreciation $92,600
Loss on disposal of machine $16,500
Machine $126,600
3.
Cash $34,000
Accumulated depreciation $92,600
Machine $126,600
4.
Cash $40,900
Accumulated depreciation $92,600
Machine $126,600
Gain on disposal of machine $6,900
With a(n) the add-on method is a widely used technique for computing interest on installment loan, interest charges are calculated using the original balance, and these charges are then added to the loan.
Add-on method:
1. A common approach for calculating interest on installment loans is the add-on method. When using the add-on technique, the indicated interest rate is applied to the loan's original balance to determine interest.
Reason:
When applying for a loan or mortgage, the calculation method called add-on interest is used. The interest due on the loan is determined using this method at the beginning of the loan. The principal is increased once the interest has been calculated. The principal and interest are both repaid along with the loan when the borrower repays it.
Financial institutions benefit from the add-on approach because even if the borrower pays off the loan early, the bank will still receive the full interest payment. As a result, interest is always computed on the principle, or the original loan amount, rather than the current balance.
2. Where F, is the finance charge for the loan, and the loan's length is measured in years.
Reason: An annual rate is always used to express interest rates. As a result, the loan's term will likewise be calculated annually.
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