Ian loaned his friend $20,000 to start a new business. he considers this loan to be an investment and therefore requires his friend to pay him an interest rate of 8% on the loan. he also expects his friend to pay back the loan over the next 4 years by making annual payments at the end of each year. ian texted and asked that you him calculate the annual payments that he should expect to receive so that he can recover his inital inestment and ean the areeed-upon 8% on his investment. calculate the annual payment and complete the following amortization schedule: year beginning amount payment interest paid princpal paid ending balance1 $20,000234

The government often provides goods that are nonrivalrous and nonexclusive to overcome which market failure

Match the vocabulary word to the correct definition. 1. compensation 2. corporate social responsibility 3. discrimination 4. benefits 5. biodegradable a. a business’s obligation to the community and the environment b. the ability to naturally break down or decompose c. treating someone differently because of his or her race, religion,gender, sexual orientation, or disabilities d. indirect and non-cash compensation paid to employees e. the salary and other benefits for doing a job

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.