Loan amortization schedule shows the summary regarding periodic loan payment. The given statment shows that the amount applied to the principal is increasing each month.
What is Loan Amortization Schedule?The loan amortization schedule is a schedule that shows the periodic loan payment of principal along with the interest after the end of each period.
The amount of payment for each month is same whereas the amount of principal and interest may vary.
The given schedule is a loan amortization schedule for three years. The principal amount in the 13th month is $325.82, 14th month is $328.19, 15th month is $330.57 and it keeps on increasing till the 19th month.
Therefore the correct statement is C.
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Answer: C The amount applied to the principal is increasing each month.
Explanation:
100% Edge
True or false? the usda allows food companies to put any claims they want on food packages.
The USDA allows food companies to put any claims they want on food packages, is the true statement.
What is USDA?We provide leadership on issues connected to food, agriculture, natural resources, rural development, nutrition, and related areas on the basis of public policy, the best available science, and effective management.
The USDA serves Americans in more than 4,500 locations nationally and abroad with a workforce of about 100,000 people spread across 29 organizations and offices.
The United States Department of Agriculture is in responsibility of making and enforcing laws pertaining to agriculture, forestry, rural economic development, and food as the executive arm of the federal government.
Numerous grant and loan programs run by USDA Rural Development are essential for rural areas.
Thus, it is a true statement.
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True or false? The holistic social media team model is common in growing companies. In this model, one team coordinates the approach to managing each social media account in partnership with other groups within the organization.
The holistic social media team model is common in growing companies based on the above is a False statement.
What is holistic model social media?The holistic social media strategy is known to be a form of closed loop.
One can promote their content through the use of social media platforms. People visit to one's website is due to one's content. A person can make it easy for all people to get their content but one can also get their information for any type of messages based on your content.
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A corporation must write ________ that set out the purpose of the business and how it is to be governed.
A corporation must write goals that set out the purpose of the business and how it is to be governed
What Is a Corporation?A corporation is a legal entity that is separate hence different from its owners. This implies that a corporation have all the qualities same as individuals.
A corporation as legal entity can sue and be sued. It is owned by its shareholders, who elect a board of directors and are responsible for the controlling of the organization.
Hence, a corporation must write goals that set out the purpose of the business and how it is to be governed.
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Maria and Tom both serve as SBU managers of their divisions. They have both been asked by the CEO to generate two different courses of action for a new product launch. This strategic decision-making technique can be described as Group of answer choices
The name which is given to the strategic decision-making technique can be described as:
Dialectic inquiry.Who is a Manager?This refers to a person who is in charge of organizing other workers and taking care of resources for optimal performance.
With this in mind, we can state that dialectic inquiry was used to make two managers Maria and Tom to generate different courses of action for a product launch
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Tim would like to use his income tax return to pay off one of his four credit cards. His previous plan was to pay off all four credit cards in the same timeline of 36 months. He wants to eliminate the card that is charging him the most interest on a monthly basis. The chart below outlines Tim's four credit cards, their balances, and their APRs. Which credit card should Tim use his tax return to pay off?.
Answer:
That's the answer
Explanation:
Cus it's math
Answer:
d
Explanation:
Recently the price of a popular perfume has increased by $10. How will the price change likely affect the quantity demanded and supplied?.
Supply will increase, and demand will decrease if the price of a popular perfume increase.
What is supply?Supply is the quantity of goods and services, a supplier is willing to supply to the market at a particular price. Suppliers are willing to sell more quantity of a good when the price increases than when the price decreases to maximize their revenue and profits.
A supplier will be willing to supply more goods if there is an increase in price of such goods.
However, the opposite is the case for a buyer whereas a buyer would reduce the quantity of goods he or she purchase due to the increase in price.
Hence, supply will increase and demand will decrease if the price of a popular perfume increase.
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If you were the CEO of a company that was looking to implement strategies to fill a perceived strategic-planning gap, you would most likely explore ____ strategy first because it is easier to improve an existing business than to build a new one.
The strategy of market-penetration will be employed because it is helps to improve an existing business than to build a new one.
What is market-penetration?The strategy of market penetration is used for a product or service in the existing market to build a larger customer base, increase market sales etc
In conclusion, the strategy of market-penetration will be employed because it is helps to improve an existing business than to build a new one.
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Which two statements are characteristics of high-involvement purchases?.
The statements that depict high-involvement purchases include:
The purchase can reflect on one's social image. The purchase can have serious personal consequences.What is a high involvement purchase?A high involvement purchase simply means when a consumer buys a product that's expensive.
This poses a risk of emotional consequence when a mistake is made. The purchase can also reflect on one's social image and have personal consequences.
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The vast bulk of Marx's theoretical efforts consisted of a painstaking analysis of capitalism as a a. world economic system. b. tool of emancipation. c. mode of production. d. theory of hegemony.
The majority of Marx's theoretical efforts consisted of a painstaking analysis of capitalism as a world economic system.
What is capitalism?A capitalism is an economic system whereby the citizen, manufacturer and producers independently runs the affairs of an economy production with no regulation from government.
Hence, the majority of Marx's theoretical efforts consisted of a painstaking analysis of capitalism as a world economic system
Therefore, the Option A is correct.
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When an economy is operating inside its production possibilities frontier we know that :_________
a. the economy is operating with efficiency.
b. to produced more of one good, the economy would have to give up some of the other good.
c. moving to a point on its production possibilities frontier would be economic growth.
d. there are unused resources or inefficiencies in the economy.
When an economy is operating inside its production possibilities frontier we know that there are unused resources or inefficiencies in the economy.
What is the production possibilities frontier ?The production possibilities frontier show the various combination of two goods that can be produced by an economy when its resources are fully utilized.
The production possibilities frontier is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good.
Point outside the curve means that the production level is not attainable given the level of resources. Points inside the production possibilities curve means that the nations resources are not being fully utilised
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The December 31, 2018, adjusted trial balance for the Blueboy Cheese Corporation is presented below.
Account Title Debits Credits
Cash 22,700
Accounts receivable 330,000
Prepaid rent 13,000
Inventory 51,000
Office equipment 610,000
Accumulated depreciation—office equipment 254,000
Accounts payable 72,000
Note payable (due in six months) 63,000
Salaries payable 7,500
Interest payable 2,100
Common stock 400,000
Retained earnings 150,000
Sales revenue 750,000
Cost of goods sold 450,000
Salaries expense 112,500
Rent expense 39,000
Depreciation expense 61,000
Interest expense 4,200
Advertising expense 5,200
Totals 1,698,600 1,698,600
Required:
1-a. Prepare an income statement for the year ended December 31, 2018.
1-b. Prepare a classified balance sheet as of December 31, 2018.
2. Prepare the necessary closing entries at December 31, 2018.
Prepare an income statement for the year ended December 31, 2018.
BLUEBOY CHEESE CORPORATION
Income Statement
For the Year Ended December 31, 2018
0
0
0
$0
Prepare a classified balance sheet as of December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.)
BLUEBOY CHEESE CORPORATION
Balance Sheet
At December 31, 2018
0
0
$0
0
0
$0
Prepare the necessary closing entries at December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Record the entry to close the revenue accounts using the income summary.
Record the entry to close the expense accounts using the income summary.
Record the entry to close the income summary account.
New communication technology can impact seemingly unrelated industries such as the airline industry. This would be an example of a
An example of a threat from substitute products is when new communication technology impacted unrelated industries such as the airline industry.
What are substitute products?A substitute products refers to similar product that can be replaced with use of former product by the consumers
In conclusion, the example of a threat from substitute products is when new communication technology impacted unrelated industries such as the airline industry
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A specific example of exploring your own beliefs is:
A. thinking about which religious ideas make sense to you.
B. accepting what you have learned from your family members.
C. taking action to make your life better than it was before.
D. deciding to act in a way that stands out from the crowd.
Accepting what you have learned from your family members is a specific example of exploring your own beliefs. The correct option is B.
Why is it important to have your own beliefs?A belief system can give one a sense of solace, purpose, and community. This is particularly valid during trying times. Beliefs may have an impact on recovery and raise the quality of life.
The downward arrow technique can help you identify your core beliefs. Finding the underlying belief that each thought is based on requires tracking it all the way down to the ground. Start by thinking of a self-perceived flaw, such as the fact that you procrastinate excessively.
Thus, the ideal selection is option B.
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Who will most likely have the lowest credit score?
A. Ramon updates his credit report to include a name, Joachim, that he used before he moved.
B. Manuel gets a credit report from each credit bureau once a year.
C. Kimmy applies for credit cards three times a year.
D. Alexa contacts the credit bureau because there is an error on her
report
Kimmy has applied for the credit card three times assuming she has not been given prior to that that signifies that she has a low credit score. Thus, option C is correct
What is credit score?Credit score means that a person is assigned a score in numerical form that depends upon income, expense, credit and timely payments. Higher the number means good credit score and vice versa.
Credit score is deemed as low when a person comes under the range of 300-850. As Kimmy has applied for credit card three times, that means she falls under the low credit score range.
Kimmy does not have a credit card even after applying that means she has low credit score. Therefore, option C is the correct option.
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Ten years ago, Ann was gifted a bond. If the investment earned an annual interest of 3.2% compounded quarterly for the life of the bond and it is worth $4,805.02 today, how much was the original gifted bond worth?
The original worth of the bond is $1363.04.
What was the original value of the bond?
The formula that can be used to determine the original value of the bond is:
PV = FV ÷ (1 + r)^nm
Where:
PV = present value FV = future value r = interest rate n = number of years m = number of compounding4,805.02 ÷ (1.032)^(4x10) = $1363.04
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All of the following describe blockchain: Multiple select question. blockchain cannot verify and facilitate Bitcoin transactions blockchain makes it more difficult for the ledger to be modified blockchain is continuously and simultaneously updated and verified blockchain is a less secure type of accounting ledger
The blockchain can be very precisely described by the statement that blockchain is continuously and simultaneously updated and verified. Third option is correct.
A specific type of shared database called a "blockchain" differs from other databases in that it stores data in blocks that are linked together via encryption.
Although a ledger has historically been the most widely utilized use for transactions, a blockchain may be used to store a variety of different types of data.
They serve an essential role in maintaining a secure and decentralized record of transactions in bitcoin systems, but they are utilized in a variety of other systems as well.
Thus, third option is correct.
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What is the purpose of jim lentz’s series of presentations to toyota employees in california?.
To address employees concerns and provide details about relocation.
Relocation of Employees
CEO Jim Lent addressed the employees at Toyota to their concerns and to inform them about the relocation that is planned at a board level and then it is to be implemented.
CEO of Toyota is therefore addressing the employees to provide them details about relocation and to address their concerns.
CEO of ToyotaJim Lent CEO of Toyota, addressed the employees to provide them details about relocation and to address their concerns.
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Which one of the fixed asset accounts listed below will not have a related contra asset account?.
The fixed asset account that does not have a related contra asset account is Land.
What are fixed assets?Fixed assets are company assets, used for daily operations. These assets will have a useful life of more than one year and will be recorded as non-current assets on the balance sheet.
A contra account is an account used in a general ledger to reduce the value of a related account, hence land is not part of it.
Examples of fixed assets include:
LandBuildingEquipmentVehiclesHence, the fixed asset account that does not have a related contra asset account is Land.
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True or false: For financial analysis, financial statements and accounting numbers are more important than cash flows.
Answer:
false
Explanation:
Place emergency flares or triangles ... to ...feet behind the car when it is stalled on the roadside.
Answer:
about 10 feet
Explanation:
I am guessing you are asking how many feet to put it behind your car correct if I am wrong
Consider two neighboring island countries called Euphoria and Bellissima. They each have 4 million labor hours available per month that they can use to produce rye, jeans, or a combination of both. The following table shows the amount of rye or jeans that can be produced using 1 hour of labor. Country Rye Jeans (Bushels per hour of labor) (Pairs per hour of labor) Euphoria 4 16 Bellissima 6 12 Initially, suppose Bellissima uses 1 million hours of labor per month to produce rye and 3 million hours per month to produce jeans while Euphoria uses 3 million hours of labor per month to produce rye and 1 million hours per month to produce jeans. Consequently, Euphoria produces 12 million bushels of rye and 16 million pairs of jeans, and Bellissima produces 6 million bushels of rye and 36 million pairs of jeans. Assume there are no other countries willing to trade goods, so, in the absence of trade between these two countries, each country consumes the amount of rye and jeans it produces. Euphoria's opportunity cost of producing 1 bushel of rye is __(1/2, 1/4, 2, 4)___ pairs of jeans, and Bellissima's opportunity cost of producing 1 bushel of rye is __(1/2, 1/4, 2, 4)___ of jeans. Therefore, __(Euphoria or Bellissima)__ has a comparative advantage in the production of rye, and___ (Euphoria or Bellissima)__ has a comparative advantage in the production of jeans. Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. In this case, the country that produces rye will produce____million bushels per month, and the country that produces jeans will produce____million pairs per month. In the following table, enter each country's production decision on the third row of the table (marked "Production"). Suppose the country that produces rye trades 14 million bushels of rye to the other country in exchange for 42 million pairs of jeans. In the following table, select the amount of each good that each country exports and imports in the boxes across the row marked "Trade Action," and enter each country's final consumption of each good on the line marked "Consumption." When the two countries did not specialize, the total production of rye was 18 million bushels per month, and the total production of jeans was 52 million pairs per month. Because of specialization, the total production of rye has increased by____million bushels per month, and the total production of jeans has increased by____million pairs per month. Because the two countries produce more rye and more jeans under specialization, each country is able to gain from trade. Calculate the gains from trade—that is, the amount by which each country has increased its consumption of each good relative to the first row of the table. In the following table, enter this difference in the boxes across the last row (marked "Increase in consumption"). Euphoria Bellissima Rye Jeans Rye Jeans (Millions of bushels) (Millions of pairs) (Millions of bushels) (Millions of pairs) Without trade Production 12 16 6 36 Consumption 12 16 6 36 With trade Production ______ ______ ______ ______ Trade action (Export 14 or Import 14) (Export 42 or Import 42) (Export 14 or Import 14) (Export 42 or Import 42) Consumption _____ ______ _______ ________ Gains from trade Increase in consumption ________ _______ there should be two more answe spots under rye and jeans Also the rye and jeans should be over the numbers, I just messed up th table and cant shift it for some reason
From the table given, it can be deduced that Bellissima has comparative advantage in rye while Euphoria had comparative advantage in jeans.
What is comparative advantage?It should be noted that comparative advantage simply means the ability of an economy to produce a good at a lower opportunity cost.
In this case, Euphoria's opportunity cost of rye will be:
= 16/4 = 4 jeans.
Bellisima's opportunity cost of rye will be:
= 12/6 = 2 jeans
Therefore, Bellissima has comparative advantage in rye while Euphoria had comparative advantage in jeans.
When there's complete specialization, Bellisima will produce:
= 6 × 4 = 24 million ryes
Euphoria will produce:
= 16 × 4 = 64 million jeans
After trade, the increase in production of rye will be:
= 24 - 18 = 6 million.
The increase in production of jeans will be:
= 64 - 52
= 12 million
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If iowa’s opportunity cost of corn is lower than oklahoma’s opportunity cost of corn, then:.
Answer:
Then Iowa has a comparative advantage.
Explanation:
She if able to produce more corn at a less opportunity cost in comparison to Oklahoma. Therefore it implies that she has an advantage of producing more for less than Oklahoma.
If Iowa's opportunity cost of corn is lower than Oklahoma's opportunity cost of corn, Iowa has a comparative advantage in the production of corn. Hence, Option (b) is correct.
Opportunity cost refers to the value of the next best alternative that must be forgone when choosing one option over another.
If Iowa's opportunity cost of producing corn is lower than Oklahoma's, it means that Iowa gives up less in terms of alternative goods or services when allocating resources to corn production.
By having a lower opportunity cost of producing corn, Iowa can produce corn more efficiently relative to Oklahoma.
This implies that Iowa has a comparative advantage in corn production.
Comparative advantage is based on the concept that countries or entities should specialize in producing goods or services where they have a lower opportunity cost, and then trade with other entities to maximize overall efficiency and welfare.
Thus, if Iowa's opportunity cost of corn is lower than Oklahoma's, Iowa has a comparative advantage in the production of corn.
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If Iowa's opportunity cost of corn is lower than Oklahoma's opportunity cost of corn, then Iowa has a:
A)absolute advantage in the production of corn.
B)comparative advantage in the production of corn.
C) absolute advantage in the production of wheat.
D)comparative advantage in the production of wheat.
HELPPPPPPPPPP
compare how medicare taxes are paid by individuals who are employees to those who are self employed.
a) employees do not pay the medicare tax and the employer pays for both halves of the tax (2.9%) self employed individuals pay for both halves of the tax (2.9%)
b) employees pay half (1.45%) of the medicare tax while the employer pays the other half. self employed individuals pay for both halves of the tax (2.9%)
c) employees pay half (1.45%) of the medicare tax while the employer pays the other half. self employed individuals pay half (1.45%) of the medicare
d) employees pay for both halves of the tax (2.9%) and the employer does not pay the medicare tax. self employed individuals do not pay medicare tax
Employees pay half (1.45%) of the medicare tax while the employer pays the other half.
What is Medicare tax?This is an insurance which is deducted from wages and salaries in order to cater for healthcare.
In cases where people are self-employed they pay both halves of the tax while in situations where they have an employer , it is split into two in which the employer and employee pay them.
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Answer:
employees pay half (1.45%) of the medicare tax while the employer pays the other half. Self-employed individuals pay for both halves of the tax (2.9%)
Explanation:
I Just Know
Trader Joe’s differentiates itself from competitors by offering top-quality foods obtained through sustainable agriculture. This business strategy implies that Trader Joe’s focuses on Multiple Choice decreasing the existing value gap by providing luxury goods to customers. maintaining a less steeper learning curve as compared to its competitors. increasing the perceived value created for customers, which allows it to charge a premium price. lowering its costs compared to its competitors, while offering adequate value for its products and services.
Trader Joe's differentiates itself from competitors by increasing the perceived value created for customers, which allows it to charge a premium price.
How do you thrive in a competitive market?One of the strategic measures to inculcate as business personnel for you to thrive above your competitors is to know what your customer wants.
Trader Joe's understands what his/her customer wants. Therefore, He increased the perceived value created for his customers.
However, this will increase the price of the products sold to the customers but since there is a value that makes a huge difference from his competitors, the customers won't look at the price but rather the value of what they are buying.
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A parallel plate capacitor is connected to a battery that maintains a constant potential difference between the plates. If the plates are pulled away from each other, increasing their separation, what happens to the amount of charge on the plates?.
From the information regarding the capacitor, when the plates are pulled away from each other, the amount of the charge decreases.
What is a capacitor?A capacitor simply means a device that's used for storing electrical energy in a field.
In this case, when plates are pulled away from each other, increasing their separation, the the amount of the charge decreases.
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After the airline mergers, the four remaining airlines had an increased level of market power. For consumers, this meant that they had to pay: a. higher prices, regardless of consumer demand. b. lower prices, regardless of consumer demand. c. the same price because airfares were not impacted by market power. d. higher prices, but only for business class travelers. 2. After the airline mergers, the four remaining airlines had an increased level of market power. For the airlines, this meant that the remaining airlines had a. the power to limit competition. b. the power to choose the best routes. c. the power to perfectly price discriminate. d. the power to set airfares without losing all customers. 3. Why is it more difficult for firms to enter an oligopolistic industry than a highly competitive one
The question is about Oligopoly and consumer demand.
What is an Oligopoly?An Oligopoly is a market situation where there are only a few suppliers of a particular product or service.
A) After the merger, because there is now an Oligopoly, it means that consumers may pay higher prices as market power is now concentrated with the few airlines. Hence, the correct answer is A.
B) It also meant that the airlines now had the power to limit competition. With the loss of competition, consumers may pay higher prices. Thus, the correct answer is A.
C) Usually, the barriers to entry are higher for Oligopoly markets. This is why it is easier to enter a perfect market than an Oligopoly.
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If you were to make $9. 00 per hour and worked 36 hours over the past two weeks, what would your gross income be on your paycheck?.
My gross income on the pay check is $324.
What is the gross income?Gross income is the total income earned by a worker before any deductions are made. These deductions include tax and pension deductions. Gross income is usually greater than net income.
In order to determine the gross income, multiply the pay per hour by the total hours worked.
Gross income = pay per hour x total hours worked
$9 x 36 = $324
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Freeman Corp., a large corporation, plans to issue 45-day commercial paper with a par value of $3,000,000. Freeman expects to sell the commercial paper for $2,947,000. Freeman's annualized cost of borrowing is estimated to be ____ percent.
Freeman Corp's annualized cost of borrowing is estimated to be 14.3 percent.
What is the annualized cost?The annualized cost of borrowing represents the percentage cost of debt when, for example, the 45-day commercial paper is smoothened over a year or 365 days.
Data and Calculations:Par value of 45-day commercial paper = $3,000,000
Sale proceeds from the commercial paper = $2,947,000
Discount on issuance = $53,000 ($3,000,000 - $2,947,000)
Annualized cost of borrowing = 0.143 ($53,000/45 x 365)/$3,000,000
= 14.3% (0.143 x 100)
Thus, Freeman Corp's annualized cost of borrowing is estimated to be 14.3 percent.
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The ABC car company has a superior reputation within the industry and among car buyers. When applying SWOT analysis, this company's reputation is an example of a(n) ______.
Because the company has a superior reputation within the industry, the company's reputation on the SWOT analysis is an example of a strength.
What is a SWOT analysis?A SWOT analysis refers to a tool used to evaluate a company's competitive position and to develop strategies for its external and internal environment.
In conclusion, since the company has a superior reputation within the industry, the company's reputation on the SWOT analysis is an example of a strength.
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Ruby, a seventeen-year-old, purchases a car from Smitz Used Auto Sales and agrees to pay for it over a period of twenty-four months. Ruby makes the payments for four months but then decides the car payment is too much for her limited budget. Ruby tells Smitz that she wants to stop making payments and that she wants out of the contract completely. The contract between Ruby and Smitz can be canceled by:
Answer:
Ruby
Explanation:
Because she is a minor, but Ruby must return the car.
The contract between Ruby and Smitz can be canceled by Ruby. Because she is a minor, but Ruby must return the car on cancellation of the contract.
What is a contract?A contract is an agreement that specifies certain legally binding rights and responsibilities for two or more mutually agreeing parties. A contract usually includes the exchange of goods, services, or money, or the promise to exchange any of these at a later date.
If a contract is breached, the injured party may pursue judicial remedies such as damages or rescission. A treaty is a legally binding arrangement between parties in international law. When a party to a contract fails to fulfil its obligation(s), whether partly or entirely, as specified in the contract, or conveys an intent to fail the obligation, or otherwise appears unable to perform its obligation under the contract, this is referred to as a breach.
Therefore, in this case as Ruby is a minor she must return the car when the contract between Ruby and Smitz will be canceled.
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