Your business has just taken out a 1-year installment loan for $72,500 at a nominal rate of 11.0% but with equal end-of-month payments. What percentage of the 2nd monthly payment will go toward the repayment of principal?
A. 73.67%
B. 77.55%
C. 81.63%
D. 85.93%
E. 90.45%
Answer: E
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Which of the following activities is handled by selecting the "Make payment" action of QuickBooks?
A) entering sales receipts B) selecting bills to be paid C) recording a bill that has been received D) recording customer payments
Bistrol Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were: Cost PercentCompleteMaterials costs$15,700 75% Conversion costs$7,700 20% A total of 8,400 units were started and 7,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: CostMaterials costs$186,300 Conversion costs$329,800 The ending inventory was 70% complete with respect to materials and 60% complete with respect to conversion costs.The cost of ending work in process inventory in the first processing
department according to the company's cost system is closest to: (Round your intermediate calculations to 3 decimal places.) A. $64,115 B. $74,801 C. $106,859 D. $68,067
The 2005 Act establishes a means test which determines a creditor's eligibility for a priority claim
a. True b. False Indicate whether the statement is true or false
If someone is entitled to be treated in a certain way, this refers to a(n):
A. Relationship. B. Right. C. Duty. D. Obligation.