Answer:
c. $146.542
Explanation:
Borrowed amount - $185,000
Interest rate (APY) - 4.35%
Loan term - 30 years
Payement frequency - monthly
Your total interest paid is $146,542.65
Your total principal and interest: $331,542.65
Answer:
Siebens will report $933.33 of Interest Income relating to this note on its 2014 Income Statement
Explanation:
Assuming that the year end for the Siebens is on 31 December, there will be an adjusting entry passed on this day under the accrual principle to caclulate and record the interest income on notes Receivable that relates to this year. The interest income for this year can be calculated as:
Interest Income = 20000 * 0.08 * 7/12 = $933.33
The journal entry to record this will be
31 December 2014 Interest receivable $933.33
Interest Income $933.33
Answer:
<em>1</em><em>.</em> <em>Reduce</em><em> </em><em>buyer </em><em>order </em><em>processing</em><em> </em><em>cost</em>
<em>2</em><em>.</em><em> </em><em>Reduced </em><em>marketing</em><em> </em><em>cost</em><em>s</em>
<em>3</em><em>.</em><em> </em><em>Timely</em><em> </em><em>supplier</em><em> </em><em>information</em>
A survey was conducted two years ago asking college students their top motivation for using a credit card. To determine whether this distribution has changed, you randomly select 425 college students and ask each one what the top motivation is for using a credit card. Can you conclude that there has been a change in the claimed or expected distribution? Use α=0.10.
RESPONSE OLD SERVEY NEW SERVEY
Rewards 29% 112
Low Rates 24% 97
Cash Back 21% 107
Discounts 9% 48
Other 17% 61