Answer:
The correct answer is: may have equal or increasing amounts applied to the principal from each loan payment.
Explanation:
Amortization can be defined as the process of spreading out the loan in monthly payments. An amortized loan has scheduled periodic payments for both interests as well as principal. If the payments for each period are equal it is called a fully amortized loan.
In amortized loans the interest is paid off first then the amount excess of interest reduces the principal. A common example of amortized loans is auto loans, home loans.
The payments for amortized loans can be equal or unequal for each period.
Answer and Explanation:
The computation of the net worth statement is shown below:
Assets
Checking account $800
Scooter $2,000
Total assets $2,800 (A)
Liabilities
OWed to jaycee Auto $920
River college $125
Total liabilities $1,045 (B)
Net worth $1,755 (A - B)
Hello there!
I would personally say b. <span>someone with managerial authority who has the ability to influence others
Brady
</span>
Answer:
The minimum price which the company should not go below is $26.00
Explanation:
The minimum price which the company should not go below is the price which covers all cost of manufacturing and non-manufacturing to meeting the special, one-time-only order.
Thus we need to calculate the per unit cost of the special order.
<u>Unit cost of the special order</u>
Direct materials $ 13.00
Direct labor $ 7.00
Variable manufacturing overhead $ 6.00
Total Cost $26.00
Note
All fixed cost are<em> irrelevant</em> in this calculation as the cost would be incurred whether or not the special order is accepted.
Also the question specifically mentioned that "There would be no variable selling expense on this special order" We need not to include any variable selling expense
