1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
marusya05 [52]
3 years ago
15

On July 1, Shady Creek Resort borrowed $310,000 cash by signing a 10-year, 11% installment note requiring equal payments each Ju

ne 30 of $52,639. What amount of interest expense will be included in the first annual payment
Business
1 answer:
mafiozo [28]3 years ago
8 0

Answer:

$34,100

Explanation:

The interest on the installment note for the first year is a function of both the face value of the note and interest rate of 11%

Interest expense on the first annual payment=$310,000*11%

Interest expense on the first annual payment=$34,100

The amount principal repayment in respect of the  first annual payment is the amount of payment which is $52,639 minus the interest portion of the payment.

The Principal portion of the first payment=$52,639-$34,100=$18,539

You might be interested in
A building that settles unevenly after an earthquake is evidence of _____.
Viefleur [7K]
The Answer Is In Fact "Liquefaction".

Hope I Helped :) 
4 0
3 years ago
Read 2 more answers
On the basis of the research it has gathered on consumer perceptions, the tests it has conducted, and competitive considerations
Elan Coil [88]

Answer:

1) the product launch.

Explanation:

As the product in consideration is new, and that the company performs the analysis of customer demands and needs for the product to be introduced, also the company defines the target market for its product, this conclusively reflects that the company wants to launch a new product.

Since it is a preliminary activity basically analyzing market before launch of product, there are no results therefore there is no evaluation of results.

Further there is a market testing, not for the entire company products, but only for the new product thus, it can not be termed as pre-market demonstrations.

6 0
3 years ago
HELP!!!!!!Match the job role with the job title.
juin [17]

Answer:

Internal revenue investigator: Review Tax Documents, Review financial records.

Federal Aid Coordinator: Evaluate Student Applications, Review policies and grant funds.

Paralegal: Conduct research that is pertinant to a criminal case, gather evidence and prepare for court

Explanation:

6 0
3 years ago
Read 2 more answers
"Tourism sector has become a good source of earning foreign currency in Nepal"Justify this statement with examples
olchik [2.2K]

Explanation:

Tourism has become one of the main income sources for many developing countries like Nepal. Nepal has great potential to become a top destination for tourists as the nation is famous for its snowcapped mountains, abundant flora and fauna, exciting trekking routes and rich cultural and religious diversity.

5 0
3 years ago
Read 2 more answers
Federal reserve policy to increase the supply of money and hence to lower the interest rate from 6% to 4%, is accomplished by ac
sveticcg [70]
The answer is
im gay and i want to die
6 0
3 years ago
Other questions:
  • Suppose researchers at the University of Wisconsin discover a new vitamin that increases the milk production of dairy cows. If t
    14·1 answer
  • How might increasing the level of government transfers reduce the size of the economic pie? check all that apply?
    11·1 answer
  • Releasing more information, in a common-value auction is a. ​Good for the bidders because it reduces the risk that they face b.
    9·1 answer
  • FoodieZ, a fast food manufacturer, changed the packaging of its sandwiches to minimize waste. Additionally, it uses recycled pap
    10·2 answers
  • If Barcelona has a core staff of restaurant managers and head chefs and contracts with staffing agencies to fill all other posit
    6·1 answer
  • Under the indirect method of preparing the statement of cash flows, how is an increase in accounts receivable handled?
    12·1 answer
  • Whats x-(4x-7)=5x-(x+21)
    8·1 answer
  • The aggregate demand curve is downward sloping because production costs decline as real GDP increases. is upward sloping because
    5·1 answer
  • a manufacturer conducts marketing research and estimates that consumers will accept a price of $50 for a pair of sunglasses. if
    6·1 answer
  • If purchasing power parity holds, when a country's central bank decreases the money supply, its:_____.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!