Answer:
The firm will pay 480 dollars each year as interest payment.
Explanation:
The interest amount is calculated by multiplying the rate of interest with the amount borrowed. In problem loan is 8,000 dollars and rate of interest is 6%, so the interest amount will be calculated as follow
Interest payment = 8,000 * 6% = 480 dollars
Answer:
The answer is $3,456,000.
Explanation:
Annuity is a set amount of money that is paid every year for the person's life. She is 35 years old and expected to live to 75. So for $10,000 at the end of each month, the annuity is, 40 x 12 = 480 months, 480 months x $10,000 = $4,800,000. If we take the $10,000 as the principal amount, and calculate the interest at 7,2% monthly, in 40 years it would be $3,456,000.
I hope this answer helps.
When you see a journal entry that leads to a debit of Raw Materials and a credit of Accounts Payable, this is a<u> C. purchase of materials. </u>
<h3 /><h3>What happens when materials are purchased?
</h3>
As materials are an asset, the raw materials account will be debited to show that raw materials are increasing.
If the Accounts Payable is credited, it means that it is increasing as well because it is a liability. The transaction was therefore done by buying the materials on credit.
In conclusion, option C is correct.
Find out more on raw materials purchases at brainly.com/question/26446159.
<span>A short-term goal typically spans a few days or a few weeks, and never more than six months in total. On the other hand, a long-term goal would usually take 12 months or more to accomplish. These are interrelated, because a long-term goal typically consists of several short-term aims.</span>
Provides something from something else.
