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2 years ago

A(n) _____ has a set payment schedule to pay off the debt.

Business

2 answers:

Inga [223]2 years ago

5 0

The correct answer is auto loan.

vodka [1.7K]2 years ago

4 0

Answer:

Auto loan

Explanation:

The auto loan is a credit to buy a vehicle in which the monthly payments are established in the beginning and they are the same until the loan is paid in full. Because of this, the answer is auto loan.

The other options, revolving line and credit card are not correct because these options don't have a set payment schedule as they payment you have to make depends on the amount you use from the total sum approved which can vary all the time according to your needs.

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The inverse demand for a homogeneous-product Stackelberg duopoly is P = 16,000 - 4Q. The cost structures for the leader and the

Zigmanuir [339]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

6 0

2 years ago

The following data represent the probability distribution of the holding period returns for an investment in Lazy Rapids Kayaks

Brut [27]

Answer:

17.5%

Explanation:

The expected return is the weighted average of the expected returns in each scenario by its respective probability.

The distribution of the holding period returns (HPR) under three different scenarios is:

State of the economy Scenario #(s) Probability, p(s) HPR

HPR Boom 1 0.336 28.40%

Normal growth 2 0.414 7.90%

Recession 3 0.25 18.90%

The calculations are:

$E(HPR) = 0.336\times 28.40\%+0.414\times 7.90\%+0.25\times 18.90\%$

$E(HPR)=17.5\%$

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2 years ago

On January 1, 2018, Ameen Company purchased major pieces of manufacturing equipment for a total of $54 million. Ameen uses strai

Igoryamba

Answer:

Answer for the question:

On January 1, 2018, Ameen Company purchased major pieces of manufacturing equipment for a total of $54 million. Ameen uses straight-line depreciation for financial statement reporting and deducted 100% of the equipment’s cost for income tax reporting in 2018. At December 31, 2020, the book value of the equipment was $48 million. At December 31, 2021, the book value of the equipment was $40 million. There were no other temporary differences and no permanent differences. Pretax accounting income for 2021 was $68 million. Required: 1. Prepare the appropriate journal entry to record Ameen’s 2021 income taxes. Assume an income tax rate of 25%. 2. What is Ameen’s 2021 net income?

Is given in the attachment.

Explanation:

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2 years ago

Western Wholesale Foods incurs the following expenditures during the current fiscal year. How should Wesernaunt for each of thes

levacccp [35]

Answer and Explanation:

The classification is as follows

1. Since it is a salary for the repair technicians so it would be an expense that is incurred

2. The remodeling should be capitalized and depreciated over their useful life of an asset

3, Since there is an annual maintenance cost, so it would be an expense that is incurred

4. The improvement of the line of production should be capitalized and depreciated over their useful life of an asset

5. Addition of a sprinkler system should be capitalized and depreciated over their useful life of an asset

8 0

2 years ago

Barth Interior provides decorating advice to its clients. Three recent transactions of the company include:

Margarita [4]

Answer:

Memo Describing Each Step of the Six-Step Measurement Process

To: Ms. Teagantigan, PhD, Financial Accounting

From: Okwukwe Faith, Financial Accounting Student

Subject: The Six-Step Measurement Process

Date: October 11, 2020

Find below the description you requested on the above subject.

1st Step: Identifying the accounts involved using the source documents:

For the provision of decorating services of $500 to a client, the invoice for the service will be reviewed for the accounts involved in the transaction. It will show that Accounts receivable and Service Revenue are involved. A review of the payroll check will also show the payment of salary to an employee, in which Cash Account and Salaries Expense account are involved. Similarly, a review of the purchasing invoice will show that Office Equipment and Cash Account are involved for the purchase of equipment.

2nd Step: Analysis of the impact on the accounting equation: For a) Accounts Receivable and Service Revenue will increase by $500 respectively. Cash Account will decrease while Salaries Expense account will increase by $1,200 for b). For c) Office Equipment will increase and Cash will decrease by $2,700.

3rd Step: Assessing the accounts to be debited or credited: For a) Accounts Receivable will be debited and Service Revenue credited. For b) Salaries Expense will be debited and Cash credited. For c) Office Equipment will be debited and Cash credited.

4th Step: With the above identification, the journal will be recorded for transactions a - c as detailed above.

5th Step: The above transactions will then be posted to the general ledger in their respective accounts.

6th Step: At the end of the period, the accounts will be balance and a list of balances extracted in the Trial Balance.

I hope I have understood the steps enough.

Regards,

Okwukwe Faith

Explanation:

We have detailed above the six-step measurement process for evaluating business transactions and events. These steps help to identify the accounts involved in each business event and determine how the events are recorded in the accounting books.

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2 years ago