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Schach [20]
3 years ago
13

How did the extra, one-time payment of $100 affect the total interest Janet pays on the loan?

Business
1 answer:
Shkiper50 [21]3 years ago
7 0

Amortization simply means the practice of spreading the cost of an intangible asset over the useful life of the asset.

Your question is incomplete as you didn't provide the amortization table. Therefore, an overview of amortization will be given.

It should be noted that amortization is usually expensed on a straight-line basis. In such a case, the same amount will be expensed for every period over the life of the asset.

For example let's assume that Janet borrows $2000 at 4% for 2 years. The interest that will be paid will be:

= $2000 × 4% × 2

= $2000 × 0.04 × 2

= $160

The interest here is $160. Based on the question, since $100 has been paid, it should lead to a lower interest that will be paid on the loan.

Read related link on:

brainly.com/question/25443577

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Time lags associated with policy decision making and implementation suggest that______.a.increases in spending to fight a recess
arlik [135]

Answer:

B) increases in spending to fight a recessionary gap may occur too late.

Explanation:

Time lags refers to the time that passes between making a decision and implementing the decision. For example, the FED announces its intention to increase or decrease their interest rate with a lot of anticipation, and sometimes it would be better if they just did it.

Politicians are famous for talking a lot and doing very little, and that happens in every country in the world. During recessions words aren't needed, actions are needed. The problem is that many times words are abundant and actions are scarce. A small problem that is not dealt swiftly and properly can become a huge problem.

5 0
4 years ago
Answer the question on the assumption that the legal reserve ratio is 20 percent. Suppose that the Fed sells $500 of government
SVEN [57.7K]
B.) Remain unchanged
4 0
3 years ago
The following questions will test you on what you have just learned about sentence-level writing including dangling modifiers, i
Marat540 [252]

Answer:

a. Taking the train into Boston, Katie reviewed the meeting minutes.

Explanation:

This is the best way to rewrite this sentence in order to avoid the problem of the dangling modifier. A dangling modifier is a word or a phrase within a sentence that modifies a word that is not clearly stated. In this case, the original sentence makes it sound as if the meeting minutes were the ones taking the train into Boston. The reviewed sentence gets rid of this confusion.

8 0
4 years ago
Assuming that data mining techniques are to be used in the following cases, identify whether the task required is supervised or
Gnoma [55]

Answer:

Explanation:

A Supervised learning allows you to collect data or produce a data output from the previous experience while an unsupervised learning  you do not need to supervise the model.

A.  Deciding whether to issue a loan to an applicant based on demographic and financial data (with reference to a database of similar data on prior customers). - Supervised learning

B.  In an online bookstore, making recommendations to customers concerning additional items to buy based on the buying patterns in prior transactions. - Unsupervised learning

c. Identifying a network data packet as dangerous (virus, hacker attack) based on comparison to other packets whose threat status is known - Supervised learning  

d. Identifying segments of similar customers. - Unsupervised learning

e. Predicting whether a company will go bankrupt based on comparing its financial data to those of similar bankrupt and nonbankrupt firms. - Supervised learning

f. Estimating the repair time required for an aircraft based on a trouble ticket. - supervised learning

g. Automated sorting of mail by zip code scanning. - Supervised learning

H. Printing of custom discount coupons at the conclusion of a grocery store checkout based on what you just bought and what others have bought previously - Unsupervised learning

5 0
4 years ago
During its first year of operations, Crane Company had credit sales of $3,531,400; $664,000 remained uncollected at year-end. Th
Vinvika [58]

Answer:

Bad debt expense...................Dr       $36,000

            Allowance for doubtful debts                $36,000

(To record uncollectibles)

Explanation:

Certain amount of credit sales that the manager estimates to be uncollectible is called bad debts. They are written off at the end of the year. As per allowance method, estimated uncollectibles or bad debts are charged to allowance for doubtful debts.

Here, $36,000 has been estimated by the manager as estimated uncollectible

Journal entry to record uncollectibles:

Particulars                              Debit                Credit

Bad debt expense                   $36,000

       Allowance for doubtful debts                    $36,000

(To record uncollectibles)

7 0
3 years ago
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