On January 1, 2016, Brubeck Company purchased equipment and signed a six-year mortgage note for $160,000 at 15%. The note will be paid in equal annual installments of $42, 278, beginning January 1, 2017. Calculate the balance of Mortgage Payable alter the payment of the first installment. (Round your answer to the nearest whole number.)
a. $24,000
b. $117, 722
c. $141, 722
d. $120, 702
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “On January 1, 2016, Brubeck Company purchased equipment and signed a six-year mortgage note for $160,000 at 15%. The note will be paid in ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Snow productions, inc. reports a balance of $28,000 in accounts receivable and $3,450 in the allowance for uncollectible accounts. what is the net realizable value of the receivables?
Answers (1)
The is the amount of money available in the economy, including the money in your wallet and demand deposits. Inflation
Answers (1)
In the product development process, what takes place between concept testing and market testing?
Answers (1)
Ashton's gross pay is $82,000. he receives tax credits of $2,000. he pays total taxes of $4,500. what are his taxable and disposable incomes? ashton's taxable income is $and his disposable income is $.
Answers (2)
Gerard is a mid-level manager who believes that people do not like to work and try to avoid it. He therefore controls, directs, coerces, and threatens employees to get them to work toward organizational goals.
Answers (1)
New Questions in Business
Jane smith currently holds tax-exempt bonds of good samaritan health care that 7% interest. she is in the 35% tax bracket. her broker wants her to buy some beverly enterprises taxable bonds that will be issued next week.
Answers (1)
Julio decides his business will begin staying open until 7 p. m. instead of 6 p. m. The next day, the shop stays open until 7 p. m. This environment of flexibility to quickly change is characteristic of what form of business organization?
Answers (1)
Which of the following factors does not cause a shift in the labor demand curve? A. Changing technology. B. Changes in output prices. C. Changes in the wage rate. D. Changing input prices.
Answers (1)
What is the name given to the operations used by most organizations to reach their customer goals? O A. Research and development O B. Universal marketing functions O C. Customer support O D. Market planning
Answers (2)
What term is used to describe spread-out or low-density development beyond the edge of services and employment? edge cities sprawl common-interest developments gated communities?
Answers (1)