28875
Explanation:
Rosa borrowed $26400 for remodeling of her kitchen on home equity loan.
Promissory note bearing interest of 12 and 1/2% or 12.5% or 0.125.
Total amount Roma has to pay in the due which means the end of <em>18 months.</em>
- 1st Principal amount is $26400 = P
- 2nd Rate of interest is 12 and 1/5 %. = R
- 3rd Time days/month/week taken to pay the total amount. =T
- P= $26400 , R = 12.5 % and time is 18 months
<u>Adjustments:-</u>
- R = .125 T = 18/24 (calculated on a monthly basis, 1 year has 12 months)
- PRT = Interest on a due date
- I = 26400 * .125 * 0.75 = 2475
- 2475 interest charged for 18 months
- Total amount Roma has to pay in the due date ?
Answer:
No impairment should be recorded
Explanation:
$2,530,000>$2,490,000 No impairment because the expected future net cash flows from the equipment is greater than the carrying amount.
Therefore Vaughn will record or report no impairment
Answer:
I'm working on this too man. lemme finish it up and ill tell you the answers
Explanation:
If it triples each time you will get 19683 pennies
