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3 years ago

As the game says, most borrowers only pay attention to the monthly payment when taking out a loan. Why do you think this is?.

1 answer:

7 0

A lot of borrowers only pay attention to the monthly payment when taking out a loan because they budget monthly.

<h3>Why do borrowers only pay attention to the monthly payment?</h3>

A borrowers is known to focus on monthly payments as against the total cost of one's loan.

A monthly budget is known to be one that accounts for the money that is said to goes in and out of one's financial accounts in course of one month.

Learn more about budget monthly from

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3. Prepare journal entries to record the machine’s disposal under each separate situation: (a) it is sold for $22,000 cash; (b)

Fofino [41]

Answer and Explanation:

The Journal entries are shown below:-

1. Cash Dr, $22,000

Accumulated depreciation-machine Dr, $148,800

($201,600 - $23,040 ÷ 6 × 5)

Loss on Sale of Machine Dr, $30,800

To Machine $201,600 ($192,000 + $8,000 + $1,600)

(To record Sale of the machine)

2. Cash Dr, $88,000

Accumulated depreciation-machine $148,800

($201,600 - $23,040 ÷ 6 × 5)

To Gain on Sale of Machine $35,200

To Machine $201,600

(Being Sale of the machine is recorded)

3. Cash Dr, $32,500

Accumulated depreciation-machine Dr, $148,800

Loss on disposal of Machine $20,300

To Machine $201,600

(Being Sale of the machine is recorded)

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3 years ago

You’ve been asked to participate at a prestigious and well-attended annual conference within your industry. Your participation r

Kay [80]

Answer:

Making sure that your view points are clearly heard.

Explanation:

Effective communication can be defined as the process of passing out information in a clear and concise manner. It is a means of successfully conveying information to the listener.

Effective communication helps to improve productivity among employees in an organisation. This type of communication can be enhanced by a good body language.

In the scenario described above, an effective communication can be achieved by ensuring that your viewpoints are clearly understood by the audience.

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4 years ago

An agreement that requires employees to settle disputes with their employer using arbitration instead of a lawsuit is known as

Reil [10]

Answer:

An arbitration agreement is a contract in which you and your employer agree that certain disputes will be decided in arbitration, not litigation. When you sign a binding arbitration agreement, you are giving up your right to go to court.

Explanation:

6 0

2 years ago

Ujwaal ka sabdh roop

murzikaleks [220]

Answer:

what was the question write in english please i can't understand ☹️☹️

6 0

3 years ago

Read 2 more answers

Branch Corporation issued $5 million of commercial paper on March 1 on a nine-month note. Interest was discounted at issuance at

defon

Answer:

Journal Entry

March 1

Dr. Cash $4,550,000

Dr. Discount on Note Payable $450,000

Cr. Note payable $5,000,000

December 1

Dr. Interest Expense $450,000

Cr. Discount on Note Payable $450,000

Dr. Note payable $5,000,000

Cr. Cash $5,000,000

Explanation:

Note payable is document which is payable after a specific period of time.

Note Payable is recorded at the present value of the note face value. We need to discount the face value of the note first.

Interest on the bond = $5,000,000 x 12% x 9/12 = $450,000

On December 31 Interest expense will be recorded and Payment of Note is made.

8 0

3 years ago