Ask question

Ask question

All categories

2 years ago

14

Today, you signed loan papers agreeing to borrow $4,954.85 at 9% compounded monthly. The loan payment is $143.84 a month. How ma

ny loan payments must you make before the loan is paid in full?

1 answer:

katrin [286]2 years ago

4 0

The answer would be 720650

You might be interested in

Many business software services are offered as ____, including applications geared for collaboration, scheduling, customer servi

Alexandra [31]

<span>Many business software services are offered as running services, including applications geared for collaboration, scheduling, customer service, accounting, project management, and more.

A running service is a service that is ongoing and always running "in </span>the background". These services help facilitate so many actions of the business and how it operates. When these applications are running, they are able to streamline important parts of the business and work behind the scenes.

8 0

1 year ago

Holman company owns equipment with an original cost of $95,000 and an estimated salvage value of $5,000 that is being depreciate

brilliants [131]

Depreciation is a way not only to recognize the lost value over time of an asset, but also a way to recognize the expense of the asset over time. To this end, we want to see the value of the asset get smaller, and a piece of the asset on the the income statement ever period.
The depreciation base is 95,000 -5,000 = 90,000, and the depreciation period is 90,000/15,000 = 6 years.
The journal entry every year will be
Dec. 31
Debit: Depreciation expense 15,0000
Credit: Accumulated Depreciation (15,000)
Accumulated depreciation is a *contra-asset* account on the balance sheet that reduces the value of the the depreciable asset.

7 0

1 year ago

The Hutters filed a joint return for 2019. They provide more than 50% of the support of Carla, Ellie, and Aaron. Carla (age 18)

sergey [27]

Answer:

Hutters can be claim two dependents

Explanation:

we know here that Hutters can be claim two dependents

because here given Carla and Ellie as Aaron meets neither the residency nor citizenship requirement

but Carla is a qualifying relative and is under the age of 24

but Ellie is above 24 but is a qualifying relative as scholarship is non-taxable

so

we can say that answer is two

8 0

1 year ago

Burrito Corporation has a defined benefit pension plan. Burrito received the following information for the current calendar year

aalyn [17]

Answer:

Pension Expense = $29,200,000

Explanation:

As per the data given in the question,

1)

Service cost = $25,000,000

Interest cost = $15,000,000

Expected return on the plan assets = $10,800,000

( 12% × $90,000,000)

Pension Expense = $29,200,000

($25,000,000 + $15,000,000 - $10,800,000)

2)

Journal entries to record the pension expense :

Pension expense A/c Dr. $29,200,000

To accrued pension cost A/c $6,200,000

To Cash A/c $23,000,000

($29,200,000 - $6,200,000)

3 0

1 year ago

If three workers are assigned to a task lasting four days, two workers are assigned a task lasting three days, and one worker is

yarga [219]

Three workers per day is minimum resource limit.

<u>Explanation:</u>

Every day he needs maximum of 3 workers, so this can be set of the minimum resource limit for the project.

Thus, the minimum resource limit for the project is - Three workers per day

All asset make and change demands are assessed against each LimitRange object in the task. In the event that the asset abuses any of the listed requirements, at that point the asset is dismissed. In the event that the asset doesn't set an express worth, and on the off chance that the imperative backings a default esteem, at that point the default esteem is applied to as far as possible is an edge for an asset the executives and helps control asset use. A procedure for overseeing limits takes into consideration the reallocation of assets to various clients or activities as necessities change.

4 0

2 years ago