Claire needs to borrow $7000 to pay for NHL season tickets for her family. She borrows from a credit union with 48 monthly payments of $187.91 each. Suppose the credit union uses the rule of 78 and imposes an early payoff penalty of 1% of the original finance charge per month of early payment. For example, if Claire pays the loan off 9 months early, then the penalty will be 9% of the original finance charge. Find the least value of k that would result in any savings for Claire. The least value of k that would result in any savings for Claire is

Q: Problem is attached. Thank you.

A: Overstatement in accounting indicates that the reported amount is greater than the actual value.…

Q: Explore what happens when you make a payment to your credit card at a different time. You will use…

A: Credit cards are used now common and used by common man but there are heavy charges on that and they…

Q: Instructions General Journal Shaded cells have feedback. PAGE 1 Landcaster Inc. sells its products…

A: Unearned Warranty revenue is recognized on the straight line basis over the warranty period.

Q: IF YOU ARE GIVEN OPPORTUNITY TO CHOOSE TO OPEN AN ACCOUNT, WHICH WILL YOU PREFER AND WHY?

A: A bank account is the account in which a person can deposit and withdraw his or her money. In order…

Q: Determine (a) the accounts receivable turnover and (b) the number of days' sales final answers to…

A: Solution: Number of days sales in receivable represents the average number of days a company takes…

Q: Student ID Day 63638034 Monday 23957096 Thursday 28080825 Monday Exam Score 61 70 1. How many…

A: =COUNTIF is used to count the cells satisfying the given criteria in the given range.

Q: Create a Double Entry Journal on the Quotation by Ken Poirot “Today is your opportunity to build the…

A: Journal entries are the way to record financial transactions. For a pass a journal entry, the…

Q: Rachelle transfers property with a tax basis of $740 and a fair market value of $935 to a…

A: Tax or Taxes: Tax is an amount paid by the persons (individuals and business entities) to a…

Q: Discuss any two features of digicash that fulfill the requirements of the electronic payment system.

A: Electronic payment system is the system which has been established within the system of the money…

Q: b quia.com quiz/4500562 html?AP_rand=1398982318 cudent Bookmarks 9 Schoology 9 Schoology Bayside…

A: Answer

Q: what are vostro account and nostro account? What are the four types of cover reimburse  methods in…

A: What are Vostro Account and Nostro Account

Q: Compare secured and unsecured credit in your own words. Cite an example for each. You may place your…

A: Credit refers to the amount of money given by the lender to the borrower in return for which the…

Q: What is the total payment required to pay off a promissory note issued for $750.00 at 6% ordinary…

A: Ordinary interest is a type of interest calculation that is based on the original principal amount…

Q: I need help with my account

A: what is mean about the question ?Can you upload the question again .thanks ):-

Q: 9. What is a contract account? Give an example.

A: Introduction: An account is a recording in an accountancy monitoring system of the financial actions…

Q: _4. Many credit card companies allow you to review your account statement online.

A: A credit card allows individuals to take a loan from the bank when required within the limit…

Q: how to understand the characteristics of letter of credit

A: A letter or document issued by the bank in order to give guarantee payment to the seller is referred…

Q: Armon Y. Calvo Mario E. Javier, Jr. Mary Joy T. Javier Buenafe G. Manuel Raffy E. De Leon Flowers By…

A: What is a Disbursement voucher? A Disbursement Voucher is a form used to have a check made to pay an…

Q: еBook 4Show Me How Entries for Notes Receivable, Including Year-End Entries EET The following…

A: 21-Nov-20Y3 Notes Receivable A/C dr.                  $96000    Account Receivable A/C…

Q: For each of the following annuities, calculate the annuity payment. (Do not round intermediate…

A: An annuity payment is an amount that is paid at equal intervals. The annuity can be classified into…

Q: online payment method

A: Payment refers to the money transferred in exchange for goods or services decided or agreed upon…

Q: From the sellers perspective, what are two T accounts? What two accounts are affected for the…

A: In case of the sale of service, we debit Account Receivable (I.e. Customer) and credit Service…

Q: A Cheque Log can be printed for the cheques received from customers. Select an answer and submit.…

A: Answer:- false .

Q: H Instructions SC EX19 4b Protected View Saved to this PC age 1 of 5 1190 words 46'F Mostly clear…

A: A loan is referred to as the financial arrangement in which a recipient incurs a debt and is…

Q: If you offer gift cards to clients, when should you record your revenue

A: According to the revenue recognition policy, the timing of recording income in the books must be…

Q: in qyuickbooks Which steps should be followed to set up the different types of payments accepted…

A: Payments Accepted means- Any Payment which will be receivable from the customer on any credit sales…

Q: The chart of accounts must be tailorod to an organizations spocific needs. Discuss how the chart of…

A: Answer: Chart of accounts is the set of the financial accounts that is generally used by any…

Q: 9. For a liability to exist, a past transaction or event must have occurred. the exact amount must…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: 1. Calculate the amounts to be reported on each employee's Wage and Tax Statement (Form W-2) for…

A:

Q: 4) complete the chart. Principle Interest Time Invested Compounding Frequency Semi-annually Interest…

A: Compound interest is the interest earned on interest. In simple interest, one earns interest only on…

Q: Review the following website analytics. As we've learned, these are basic measures that help us…

A: Website Analytics or Web analytics is the measurement, collection, report and Analyzing data through…

Q: Jazz Corporation owns 50% of the Williams Corp. stock. Williams distributed a $25,000 dividend to…

A: Temporary Difference:   Temporary difference refers to the difference of one income recognized by…

Q: Morris Industries manufactures and sells three products (AA, BB, and Sales Price Variable Cost…

A: The break even sales are the sales where business earns no profit no loss during the period. The…

Q: where in quickbooks will i enter it

A: In the Quickbooks, entry as per solution has to be done but the process of recording is as below:

Q: . Download Target’s 2021 annual report. Do this in one of two ways: Go to the Target.com website:…

A: First, download the 2021 annual report from Target's official website or the Mergent Online library…

Q: In class we use this formular can you calculate the second question with that? Btw you can type on…

A: WACC: It is the average cost of capital of the business and is used as a discount rate to value the…

Q: If the safety of worker is not threatened at work, he may Select one: a. Abandon the work and retain…

A: Worker refers to a person or an individual who willingly agrees to work for a organization in a…

Q: A "balanced transaction" (DR=CR) is a guarantee that a transaction has beer recorded 100% correctly.…

A: Correct answer if 'False'

Q: In what format can you distribute T4, T4A, T5, or T4FHSA slips by email or electronic portal without…

A: Before answering the question, it's important to understand the context. T4, T4A, T5, and T4FHSA are…

Q: Please explain distinction and connection of draft, promissory and check.

A: Draft Normally in Draft there are involved three parties one is Drawer another is Drawee and third…

Q: Benoit Manufacturing Company manufactures and sells parts for various musical gadgets. The following…

A: Hi student Since there are multiple subparts, we will answer only first three subparts. If you want…

Real Estate

Real estate means ownership of land along with the assets and natural resources that exist on the land. These properties are in real/physical form which is tangible. Real estate simply means land or addition made to land permanently like constructing a residence or different buildings. People invest in real estate to either reside or for wealth creation. Many people investing in real estate further lend the place for occupation or businesses in return for a monthly payment.