Business, 08.06.2021 02:10 lovebug7685
1. The payment made each period on an amortized loan is constant, and it consists of some interest and some principal.
a. True
b. False
2. The closer we are to the beginning of the loan's life, the greater the percentage of the payment that will be a repayment of principal.
a. True
b. False
Answers: 2
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In business,what would be the input, conversion and output of operating a summer band camp
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One investigating company tracked all credit card purchase during 2012 and measured two variables: (1) the type of credit card used (visa, mastercard, american express, or discover), and (2) the amount (in dollars) of each purchase. identify the level of each variable measured.
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Goods and services that can be used for the same purpose are and goods and services that are used together are
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Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.
Answers: 1
1. The payment made each period on an amortized loan is constant, and it consists of some interest a...
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