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3 years ago

9

When loans are amortized, monthly payments are , while the interest portion of the monthly payment and the pri

ncipal portion of the monthly payment _______ over time.

1 answer:

vitfil [10]3 years ago

4 0

Answer:

Constant, Decreases, Increases

Explanation:

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alexgriva [62]

Answer:

True

Explanation:

Revenue accounts are accounts were entries of the sales of products as well as the revenue generated by firm or company are properly recorded.

Expense accounts are accounts where that show us the expenses generated by a firm or company. Such expenses are the things the company spends money on which could be purchase of raw materials, payment of labour, repairs of machineries e.t.c.

An accounting period is a duration of time where accounts in a firm or company are balanced and closed for that period.

Revenue and expense accounts must be closed out because their balances apply to only one accounting

period.

3 0

4 years ago

Suppose Marcus eats nothing but burritos for dinner. He buys 30 burritos each month. During the last couple of weeks, Marcus not

lisabon 2012 [21]

Answer:

Marcus can buy 25 burritos.

Explanation:

Giving the following information:

The price of burritos rose from $5.50 per burrito last month to $6.60 per burrito this month.

Assume that Marcus has a fixed income of $165 that he can spend on burritos.

<u>To calculate the number of burritos that Marcus can afford, we need to use the following formula:</u>

Quantity= total income / unitary cost

Q= 165/6.6

Q= 25 burritos

4 0

3 years ago

Crane Company buys merchandise on account from Sheridan Company. The selling price of the goods is $1,350 and the cost of the go

trapecia [35]

Explanation:

The journal entry is as follows

In the books of Crane company

Merchandise Inventory A/c $1,350

To Accounts payable A/c $1,350

(Being inventory purchased on credit)

In the books of Sheridan Company

Account receivable A/c Dr $1,350

To Sales revenue $1,350

(Being the goods are sold on credit)

Cost of goods sold A/c Dr $655

To Merchandise Inventory A/c $655

(Being goods are sold at cost)

5 0

4 years ago

The following information is available for Wonderway, Inc., for 2015:

Temka [501]

Answer: See explanation

Explanation:

a. Calculate the direct labor cost for Wonderway.

This will be the wages paid to laborers which is $84,000.

b. Calculate the manufacturing overhead cost for Wonderway.

Factory rent = $29,600

Add: Indirect production labor = $1,860

Add: Utilities for factory = $30,100

Add: Production supervisor's salary = $30,800

Add: Factory insurance = $12,200

Add: Depreciation on factory equipment = $26,600

Manufacturing overhead cost = $131160.

c. Calculate the prime cost for Wonderway.

Direct materials used = $36,200

Add: Wages = $84,000

Prime cost = $36200 + $84000 = $120200

d. Calculate the conversion cost for Wonderway.

Wages paid to laborers = $84,000

Add: Manufacturing overhead = $131160

Conversion cost = $215160

e. Calculate the total manufacturing cost for Wonderway.

Direct materials used = $36,200

Add: Wages paid to laborers = $84,000

Add: Manufacturing overhead = $131160

Total manufacturing cost = $251360

f. Calculate the period expenses for Wonderway.

Company advertising = $20,700

President's salary = $62,000

Add: Depreciation= $8,180

Add: Sales commissions = $7,700

Period cost = $98580

8 0

3 years ago

When Elaine accepted a position with Cannon Corporation in Dallas, Texas, she felt uneasy. She was new to the area and new to th

Fudgin [204]

Answer:

Social needs

Explanation:

In simple words, After physiological and safety requirements have been met, social needs refer to the need to form relationships with others. Because our interactions with everyone assist us minimize emotional problems such as sadness or worry, Maslow regarded the social stage to be an essential element of psychological development.

Thus, from the above we can conclude that the correct option is C.

5 0

3 years ago