Caleb purchased his first home for $420,000. He made a 10% down payment and financed the remaining purchase price. The terms of the loan were as follows: 30 year loan Payments made monthly Interest charged at 9% convertible monthly In which month is the first payment for which the principal component is greater than half of the payment?
Answers: 1
Other questions on the subject: Business
Business, 21.06.2019 22:30, juanitarodriguez
True or false: on january 1, year one, the epstein corporation buys a plot of land with a four-story office building. the company believes the building is worth $1.9 million and has an estimated life of twenty years (with no anticipated residual value). the straight-line method is used. the land has an assessed value of $100,000. because the seller was interested in a quick sale, epstein was able to buy this land and building for $1.7 million. depreciation expense to be recognized in year one is $80,750.
Answers: 3
Business, 22.06.2019 17:30, harshakayla02
According to management education expert ashok rao, companies can increase their profitability by through careful inventory management. a. 5% to 10% b. 10% to 25% c. 20% to 50% d. 75%
Answers: 1
Business, 22.06.2019 19:20, natajayd
The following information is from the 2019 records of albert book shop: accounts receivable, december 31, 2019 $ 42 comma 000 (debit) allowance for bad debts, december 31, 2019 prior to adjustment 2 comma 000 (debit) net credit sales for 2019 179 comma 000 accounts written off as uncollectible during 2017 15 comma 000 cash sales during 2019 28 comma 500 bad debts expense is estimated by the method. management estimates that $ 5 comma 300 of accounts receivable will be uncollectible. calculate the amount of bad debts expense for 2019.
Answers: 2
Business, 22.06.2019 19:30, buggamarshall85
The owner of firewood to go is considering buying a hydraulic wood splitter which sells for $50,000. he figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. if, for this machine, design capacity is 50 cords per day, effective capacity is 40 cords per day, and actual output is expected to be 32 cords per day, what would be its efficiency?
Answers: 1
You know the right answer?
Caleb purchased his first home for $420,000. He made a 10% down payment and financed the remaining p...
Questions in other subjects:
Social Studies, 14.01.2022 04:20
Business, 14.01.2022 04:20
Biology, 14.01.2022 04:20
