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Artyom0805 [142]
2 years ago
14

Question 6

Business
1 answer:
VARVARA [1.3K]2 years ago
6 0

In order for Sarah to create a new custom management report, the following are required:

  • Select edit on the management report.
  • She'll select the reports option that's on the left.
  • Then, she will click on the add new report button.

<h3>What is custom management report?</h3>

It should be noted that the custom management report gives a combined view of the income statement account and balance sheet in order to have a broad view of the company.

Learn more about management reports on:

brainly.com/question/11599232

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On January 1, 2021, Strato Corporation borrowed $2 million from a local bank to construct a new building over the next three yea
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Answer:

Period                           Installment    Interest Paid   Capital Paid   Balance

January 1, 2021                                                                                $2,000,000

December 31, 2021       $776,067       $160,000         $616,067    $1,383,933

December 31, 2021       $776,067         $110,715         $665,352       $718,581

December 31, 2021       $776,067         $57,486          $718,581                     0

Explanation:

<u>Step 1</u>

First clearly identify the parameters of the Loan

PV = $2,000,000

N = 3

PMT = - $776,067

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Since there is no missing parameter, we can then move on to construct our loan amortization schedule.

Period                           Installment    Interest Paid   Capital Paid   Balance

January 1, 2021                                                                                $2,000,000

December 31, 2021       $776,067       $160,000         $616,067    $1,383,933

December 31, 2021       $776,067         $110,715         $665,352       $718,581

December 31, 2021       $776,067         $57,486          $718,581                     0

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