<span>This example illustrates a token economy, Tokens are symbols that acts as reinforcers for good behaviors and token economies are based on operant conditioning theories.</span>
I think the answer is B: a person with a credit score of 760 with a small amount of debt who has had steady employment for many years.
Answer:
$116,161.616
Explanation:
Given that,
Total interest paid = $230,000
Time period = 30 year
Annual interest rate = 6.6%
Total interest on loan = Loan amount × Interest rate × Time period
$230,000 = Loan amount × 6.6% × 30 years
Loan amount:
= $116,161.616
Therefore, the loan amount is $116,161.616.
Answer and Explanation:
The journal entry is shown below:
Cash $8,200
To Notes receivable $8,000
To Interest revenue ($8,000 × 10% × 90 days ÷ 360 days) $200
(being the collection of notes is recorded)
For recording this we debited the cash as it increased the asset and credited the notes receivable and interest revenue as it decreased the assets and increased the revenue
