Business, 08.11.2019 06:31 kayleetruman
Huai takes out a $3,600 student loan at 6.6% to him with 2 years of community college. after finishing the 2 years, he transfers to a state university and borrows another $11,600 to defray expenses for the 5 semesters he needs to graduate. he graduates 4 years and 4 months after acquiring the first loan and payments are deferred for 3 months after graduation. the second loan was acquired 2 years after the first and has an interest rate of 7.3%. find huai’s monthly payment when regular payments begin.
calculate the monthly payment on loan 1 (community college) round your answer two decimal places.
calculate the monthly payment on loan 2. round your answer two decimal places.
Answers: 3
Business, 21.06.2019 23:10
At the end of the current year, $59,500 of fees have been earned but have not been billed to clients. required: a. journalize the adjusting entry to record the accrued fees on december 31. refer to the chart of accounts for exact wording of account titles. b. if the cash basis rather than the accrual basis had been used, would an adjusting entry have been necessary?
Answers: 2
Business, 22.06.2019 18:00
Carlton industries is considering a new project that they plan to price at $74.00 per unit. the variable costs are estimated at $39.22 per unit and total fixed costs are estimated at $12,085. the initial investment required is $8,000 and the project has an estimated life of 4 years. the firm requires a return of 8 percent. ignore the effect of taxes. what is the degree of operating leverage at the financial break-even level of output?
Answers: 3
Business, 22.06.2019 21:40
Rebel technology maintains its records using cash-basis accounting. during the year, the company received cash from customers, $43,000, and paid cash for salaries, $23,500. at the beginning of the year, customers owe rebel $1,000. by the end of the year, customers owe $6,600. at the beginning of the year, rebel owes salaries of $5,600. at the end of the year, rebel owes salaries of $3,300. determine cash-basis net income and accrual-basis net income for the year.
Answers: 2
Huai takes out a $3,600 student loan at 6.6% to him with 2 years of community college. after finish...
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