Answer:
Compound interest; amortized loans; amortization schedule; largest; decline; smallest; increases.
Explanation:
An important application of compound interest involves amortized loans. Some common types of amortized loans are automobile loans, home mortgage loans, and business loans. Each loan payment consists of interest and repayment of principal. This breakdown is often developed in an amortization schedule. Interest is largest in the first period and declines over the life of the loan, while the principal repayment is smallest in the first period and it increases thereafter.
Amortization in accounting is used to periodically lower the book value of a loan principal or an intangible asset such as intellectual property over a set period of time.
The compound interest formula is given below;
Where;
A is the future value.
P is the principal or starting amount.
r is annual interest rate.
n is the number of times the interest is compounded in a year.
t is the number of years for the compound interest.
Answer:
130.43 euros
Explanation:
Since Ron willing to Pay is $150
Now we have to convert $150 in euros
As we know that
exchange rate × willing to pay in euro = Willing to pay in Dollar
i.e.
willing to pay in euro = Willing to pay in Dollar ÷ Exchange rate
= 150 ÷ 1.15
= 130.43 euros
Hence, the ron be paying in euros is 130.43
The same would be relevant
The demand for air travel between two cities doubles. The elasticity of the supply of air travel between these cities will <span>become more elastic, the longer the time since demand doubled</span>. Elasticity is the responsiveness between supply or demand when nothing changes but the price. In this situation, the demand for air travel between two citifies doubled, so, the traveling is elastic because even though the demand rose, so did the price, but the demand didn't start to drop.
Answer: Identifying the consumer needs, advertising and promotion, pricing.
Explanation:
According to the given question, the knowledge about the different types of challenges regarding the specific operations and the functions that helps in marketing the new design of the products and it also helps in judge the pricing, advertisement and the promotion of the new products in the market.
In the marketing, the main function is to identifying the actual requirement of the customer and also helps in influence the competitiveness in the market.
Therefore, The given answer is correct.
Answer:
Dagwood bonds receivables 300,000 debit
Cash 300,000 credit
--to record purchase of bonds--
Interest receivables 18,000 debit
Interest revenue 18,000 credit
--to record accrued interest on dagwood bonds--
Cash 18,000 debit
Interest receivables 18,000 credit
--to record collection of interest--
Explanation:
as the bonds are purchased at par we pay for the same as the face value
interest for the year
principal x rate
300,000 x 6% = 18,000
at December 31th the interest are receivables as we didn't collect the cash yet
Then, on january first, we receive the cash and write-off the receivables
