On January 1, 2021, Gundy Enterprises purchases an office building for $305,000, paying $55,000 down and borrowing the remaining $250,000, signing a 9%, 10-year mortgage. Installment payments of $3,166.89 are due at the end of each month, with the first payment due on January 31, 2021.

Required:
a. Record the purchase of the building on January 1, 2021.
b. Complete the first three rows of an amortization schedule.
c. Record the first monthly mortgage payment on January 31, 2021.
d. How much of the first payment goes to interest expense and how much goes to reducing the carrying value of the loan?

$52700 will Sarasota Corp, increase its van account.

What Exactly Is a Cash Discount?

A cash discount is an incentive offered by a seller to a buyer in exchange for paying a bill before the due date. In a cash discount, the seller generally reduces the amount owed by the buyer by a modest percentage or a fixed monetary amount. Cash discounts are deductions designed to encourage consumers to pay their bills on time.

Real, personal, and nominal accounts are the three categories of accounts in accounting. After that, real account is divided into two subcategories intangible real account and physical real account. There are also three categories of Personal accounts: Natural, Representative, and Artificial.

To learn more about  Corp to refer:

brainly.com/question/14997772

#SPJ4

Since most resources are more suitable for producing some products than others, a PPF is more likely to be a downward-sloping curve that is bent outward than a downward-sloping straight line.

Since the cost of production is not constant, the PPF (production possibilities frontier) is curved. If all trade-offs were equal, the graph would be straight. But what makes PPF curve in that particular direction is how the trade-offs change. The term "concave" refers to a curve that slopes away from the origin.

The PPF will eventually move outward because to an increasing economy. As incrementally more resources are invested in a particular undertaking, the marginal increase in output will eventually decline over time, according to the law of diminishing returns.

Learn more about production possibilities frontier: https://brainly.com/question/14620714

#SPJ4

Answer:

Read below

Explanation:

The most common marketing channels for consumer products tend to be through retail outlets such as supermarkets, big box stores, and online marketplaces. For industrial products, the most common marketing channels tend to be through wholesalers, distributors, and industrial sales representatives. However, the specific marketing channels used for a particular product will depend on a variety of factors, including the target market, the price point, and the nature of the product itself.

Answer:

computer

Explanation:

B: occurs when subsidiary financial statements are consolidated at the corporate level is the correct option.

The risk that a business assumes while conducting transactions in foreign currencies is essentially what is meant by the term "forex exposure." To implement a measured risk management approach when a business wants to transact in other currencies, it's critical that they first determine their risk exposure.

currency exchange risk. the potential loss caused by a negative change in exchange rates. Translation (accounting) (accounting) Exposure. the possibility that changes in exchange rates will affect a company's revenue, assets, liabilities, or stock prices. Method of Current Rate (Translation).

The danger of losing money as a result of an exchange rate fluctuation during a business transaction is known as transaction exposure. Between the dates when a transaction is booked and when it is settled, there are fluctuations in foreign exchange rates that cause this risk.

To know more about changes in exchange visit:

https://brainly.com/question/28237629

#SPJ4

When purchasing a smart TV built in Malaysia and sold elsewhere, a person can easily save up to 40% on the cost, giving them extra money for other leisure pursuits and boosting the economy.

Importing from other nations allows you to get goods at lower prices, which is very advantageous to the manufacturing sector. Additionally, leveraging overseas manufacturing and exporting product components may help businesses cut expenses. It benefits customers by bringing down prices.

Trade reduces domestic pricing, facilitates better resource allocation through specialization, reduces local manufacturers' profit margins, and boosts domestic enterprises' operational effectiveness through increased competition. A large number of imports into the country may mean great domestic demand and positive economic growth. 

To learn more about importing , visit:

https://brainly.com/question/29425829

#SPJ4

The selling price of each book $20 for to obtain a yearly profit of $20,000.

Here given,

Fixed cost = $20,000

Variable cost per unit = $10

Sales price per unit = $20

By substituting the values in the formula,

Break even point = Fixed Costs ÷ (Sales price per unit – Variable costs per unit)

= $20000 / ($20 – $10)

= $20000 / 10

= 2000 units

Total cost = $20,000 +( $10 * 2000)

                 = $40,000

Selling Price = $40,000 / 2000

                     = $20

Each book have to be sold for $20 to obtain a yearly profit of $20,000.

To learn more about selling price refer to :

https://brainly.com/question/28189871

#SPJ4

The cost per unit for product A will be $5.80 which is calculated by dividing total cost by quantity of units produced.

Total cost = Overhead cost(16225)+ Direct labour(11000) + Direct materials(25000)= $52225.

Cost per unit= Total cost/ quantity of produced units.

Cost per unit= 52225/9000= $5.80

Why do we calculate cost?

Cost computation aids in making decisions regarding pricing, manufacturing volume, and sales as well as determining the prices of the goods and services the group sells. The formula for calculating cost per unit adds up fixed and variable costs, which are then divided by the overall number of units produced over a given period of time. Here's how to calculate the price per unit: (Total fixed costs + Total variable costs) / the total number of units produced is the cost per unit.

To know more about cost, click here- brainly.com/question/25109150

#SPJ4

Joshua's job is to assess the success of the planning function and provide feedback for future rounds of planning. Joshua is engaged in the controlling managerial function.

The managerial functions are making plans, organizing, directing, staffing, and coordinating. and controlling. planning is the system of selecting and developing a high-quality route of motion. to gain a goal. it's by far the keystone of all other management capabilities.

Controlling may be the most vital of the four management features. It affords the information that keeps the corporate intention on track. by using controlling their organizations, managers preserve informed of what is happening; what's running and what isn't always; and what wishes to be persevered, progressed, or modified. main is taken into consideration to be the maximum vital and challenging of all managerial sports. leading is influencing or prompting the organization's members to work together in the interest of the enterprise.

To learn more about Managerial function visit here:

brainly.com/question/14606544

#SPJ4

The Federal Reserve will reduce the real interest rate in relation to the neutral interest rate if the annual deficit is negative to encourage investment and consumption.The correct answer is option (d).

The act of consuming something is defined as the acquisition of an item or service for immediate usage. Investment is the purchase of capital assets with the intention of using them in the future. The capital stock is raised by investment. Institutional units consume up products or services through the activity of consuming, which can be either final and intermediate.

The flow of domestic expenditure on goods and services that are useful in the present is known as consumption. Savings refers to the portion of available funds that are not spent. Businesses that invest money on goods that are not meant for direct consumption but instead provide a steady supply of consumer goods and services are said to be doing so.

To know more about consumption and investment, visit:

https://brainly.com/question/14786578

#SPJ1

Answer:

true

Explanation:

The process standard deviation increases: The process will generate more defects.

Standard deviation is a measure of the spread or dispersion of a set of data from the mean or average value. It is used to quantify the amount of variation or dispersion of a set of data values from the mean. The larger the standard deviation, the greater the variation from the mean, and vice versa. Standard deviation can be used to compare different sets of data, or to compare the same data set at different points in time. It is used to measure the risk in investments and to identify outliers (data points that are significantly different from the rest of the data).

To learn more about standard deviation
https://brainly.com/question/17191184
#SPJ4

By integrating all aspects of marketing communication, such as advertising, public relations, and social media, integrated marketing provides a user-friendly and customer-centered experience. It implies that your message ought to have a consistent appearance, tone, and feel across all of your channels.

The process of making a brand's messaging consistent across all of the media it uses to reach its target audience is known as integrated marketing communications (IMC). It is a strategic strategy that directs all marketing channels' communication and strategies.

Integrated Marketing Communications (IMC) is a term that was first used in 1989 to describe the need to concentrate advertising efforts across multiple promotional strategies. Businesses found that each brand message actually bolstered the others by integrating communications across multiple marketing platforms.

To learn more about integrated marketing Communications here

https://brainly.com/question/14691440

#SPJ1

The graph shows how a bilateral monopoly occurs in the market for singers in a small town. The bar has monopsony power because it is the only business requiring this type of labor. Meanwhile, the singer has monopoly power because there is only one good singer in town.

The supply and demand curves for the market show the amount of labor the bar is willing to buy at various wages and the amount of labor the singer is willing to supply at various wages. The marginal cost curve shows the cost of hiring additional labor, while the marginal revenue curve shows the income to the singer from providing additional labor. The equilibrium wage for the market will be the intersection of both curves. The bar will be willing to pay the singer this wage to maximize their profit.

To know more about monopoly click here

https://brainly.com/question/29765560

#SPJ4

$20 is the steak pricing that will maximize profit if the establishment is unable to employ tying.

Due to quality and availability, better cuts of steak are more expensive than cheaper steaks. Rarely do cows provide the prime cuts of beef. Only around 10% of cows' meat is made up of the greatest beef cuts, such as porterhouse, filet, and tenderloin.

The three most common responses are rare (the outside is cooked but the inside is still somewhat raw), medium (the outside is cooked more thoroughly and the inner is cooked but the inside is still slightly red), and well done (outside is charred and the inside is completely cooked through).

To know more about steak visit:-

https://brainly.com/question/28431583

#SPJ4

$7,600 of money actually goes to buy shares in the mutual fund

Liliana de la Cruz puts $8,000 into a load mutual fund. She knows that her up-front sales charge is 5 percent.

$8,000 × 0.05 = $400; $8,000 − $400 = $7,600

$7,600 of money actually goes to buy shares in the mutual fund

To learn more about mutual fund refer to:

https://brainly.com/question/25300925

#SPJ1

The broker owes a fiduciary duty to both the buyer and the seller

The relationship between a fiduciary and the principal or beneficiary on whose behalf the fiduciary acts is referred to as a fiduciary duty.

When acting in a beneficiary's best interest, the fiduciary accepts legal liability for obligations of care, loyalty, good faith, confidentiality, and more. To guarantee that there are no conflicts of interest that could undermine such interests, extreme caution must be exercised.

In a financial sense, fiduciary obligations exist to make sure that those who handle other people's money work in their beneficiaries' best interests rather than their own.

To learn more about fiduciary duty refer here:

https://brainly.com/question/4454303

#SPJ4

Marco's business confronts constant returns to scale. As his output increases, his marginal cost remains constant, implying that his marginal cost is always equal to his average cost.

A business is a company or organisation that engages in commercial, industrial, or professional activity. A business's objective is to arrange some type of economic output (of goods or services). Businesses can be for-profit corporations or non-profit organisations with a charity aim or a social cause. From individual proprietorships to massive worldwide enterprises, businesses differ in size and scope. A business is a legal entity that operates for commercial, industrial, or professional interests. The concept starts with an idea and a name, and substantial market research may be necessary to decide whether or not the idea can be turned into a business.

learn more about business  here:

https://brainly.com/question/15826604

#SPJ4

New Oaks Winery requires two months to make wine, three years to age it, two months to bottle it, four months to sell it, and two months to collect the receivable. Its operating cycle is c) forty six months.

Operating cycle includes all the time duration from manufacturing till selling and receiving the payment.

Operating cycle = making of wine + bottling + selling + collecting receivable

= 2 months + 3 years + 4 months + 2 months

= 2 months + 36 months + 4 months + 2 months

= 46 months

The time it takes for a business to purchase items, sell them, and get payment for those sales is referred to as an operating cycle. It is, in other words, the time it takes for a business to convert its inventories into cash.

Depending on the sector, an operational cycle can be any length. Understanding a company's operational cycle can help assess its financial health by providing insight into its ability to settle any debts.

To know more about operating cycle:

https://brainly.com/question/15061602

#SPJ4

A transaction is recorded in the accounts receivable account when a company provides services to a client and the client promises to pay for the services at a later time.

Accounts receivable is the accounting word for sales for which money hasn't yet been received. The customer still hadn't paid for the good or service at the time the transaction was finished.

The phrase "accounts receivable" refers to any money you owe to clients who have previously purchased your products or services. This money is normally collected after a few weeks and recorded as an asset on the balance sheet of your business. As part of accrual basis accounting, you use accounts receivable.

Learn more about account receivable: https://brainly.com/question/13166196

#SPJ4

Controlling is defined as monitoring performance, comparing it with goals and taking corrective action as needed. Hence, option A is correct.

Others may label someone a controlling person if they attempt to control events or other people in an unhealthy way. They might try to exert control over an environment by taking charge and handling everything themselves, or they might try to exert control over others via trickery, coercion, threats, and intimidation.

When one spouse dominates the other in an unhealthy or self-serving way, the relationship is said to be controlling. You may be in a dominating relationship if your partner consistently makes you feel frightened, insecure, or guilty. Control is sometimes a form of abuse in a relationship.

Thus, option A is correct.

For more information about Controlling, click here:

https://brainly.com/question/29729392

#SPJ4

According to rules of two-phase locking protocol, every transaction can go through two phases that are shrinking phase and then growing phase.

An agreement between a buyer and a seller to trade products, services, or assets in exchange for money is referred to as a financial transaction. Any transaction involves shift in the financial standing of two or more businesses or people. One or more financial assets, most frequently the money or another pricey object like gold or silver, are always part of financial transaction. Financial transactions can take many different forms. The most frequent kind, purchases, take place when thing, service, or other commodity is sold to consumer in exchange for cash. The majority of purchases are made with the cash, including checks, debit cards, and real money. Credit is the other primary method of payment, which provides immediate access to money in exchange for payback at a later time.

To learn more about transaction, visit:

https://brainly.com/question/24730931

#SPJ4

The scenarios that exemplifies how a project manager can use interpersonal skills include all of the following:

A. The web designer on your project tells you that they’re not sure they can meet the deadline for all the mock up pages. You ask the designer some questions about the project, such as what amount of time they need for each page mock so you can help prioritize what is feasible.

C. The person on your team in charge of contracts now needs to split their work time with another team. You request a meeting with that team’s project manager to identify if any of their project deliverable dates are competing with your project’s timeline.

In Business management, a project manager can be defined as an individual who is saddled with the responsibility of assembling a team that have common aims, goals, and objectives, in order to successfully execute and implement a project.

In this context, we can reasonably infer and logically deduce that it is very important and essential for a project manager to demonstrate interpersonal skills to his or her team members during the execution and implementation of a project.

Read more on project manager here: brainly.com/question/27599974

#SPJ1

One of the factors that will make it easier to get into a region like EU is that, in general, market entrance is easier and less expensive in emerging countries since the market is less developed and competitive.

It should be noted that China is still considered to be developing when compared to the EU.

China will thus be less expensive to enter for the reasons stated above, as well as the fact that it is often regarded as the world's industrial center.

A market entrance strategy is a planned technique of distributing and delivering goods or services to a new target market. It refers to the development, implementation, and management of contracts in a foreign nation in the import and export of services.

One key factor to consider when entering the market in China is the Psychographics (Language, Culture, and socio-political relations with other nations)

Learn more about Market Entry:
https://brainly.com/question/6865749
#SPJ1

Statement of cash flows for 2020 for marigold Corp.103,600 in profit. Depreciation (65,700 - 32,500) (65,700 - 32,500) 32,200 Receivables growth (86,500 - 70,700) (15,800) . The correct response is net cash provided by operating activities $

Reduction in inventories (170,200 -187,000) 16,800 decrease in obligations (35,400- 46,500). (11,100) 125,700 in net operating cash flow investment the Investment-related cash flows: equipment purchases ($260,700–$200,600) (60,100)

sales of land (100,700 -72,700)

28,000 sales of land (100,700 - 72,700)

28,000 Investment-related net cash flows (32,100) and

Flows of money used for financing activities Paid the dividends dividends (45,500) Renewed bond (53,500)

45,000 shares of common stock were issued. Net financing activity cash flow (54,000) Added to or subtracted from cash 39,600 33.200 is the initial cash balance. 72,800 in the final cash balance.

To know more about cash flow visit:

https://brainly.com/question/16335632

#SPJ4

Only provides pure insurance against unexpected death. Cash value life insurance is a type of permanent life insurance that includes a cash value savings component and lasts for the entirety of the policy holder's life.

Financial advisors do not advise investing in cash-value life insurance unless you have prepared for emergencies and other urgent needs, have maxed out contribution to tax-advantaged retirement funds, such as IRAs and 401(k)s, and are willing to commit to a policy for the long term.

The policy will be canceled if all funds are withdrawn. While taking money out of the policy may make sense in some situations, it may reduce the reward that is provided to your dependents after you pass away. Also possible is a surprise tax charge.

To know more about Cash Value Life Insurance visit:

https://brainly.com/question/29655907

#SPJ4

The project manager is in charge of organizing the project effort among project team members and stakeholders and keeping track of its development.

Both project management and planning employing any project assurance and delegation tasks and following established reporting mechanisms. Plans for the project, the stage, and the exception should be made and updated as necessary. Developing back-up plans is part of controlling project risks.

Any project must have efficient communication from start to finish. The project's scope, desired result, and key players must all be clearly specified at the outset, and the entire team must support the initiative.

The most important of a project's four main phases—planning, execution, execution, and closure—is planning. This is due to the fact that how well you plan for your project to prevent deviations will determine its success.

Learn more about project management: https://brainly.com/question/29023210

#SPJ4

Company B bills an initial fee of $55 plus an additional $0.90 each mile driven. Company A will charge less than Company B for a distance of 70 miles.

Inequality is the occurrence of an unjust and/or unequal distribution of opportunities and resources among the individuals who comprise a society. The term "inequality" can mean different things to different people and in different contexts.The initial $550 and the cost per mile are affected by $118 in change and unrestricted mileage B.

Let m remain for the travelled distance.

Consequently, the inequality is

118 55 + 0.90 m

= 0.90 m> 118 55

= m >63/0.90

= m>70.

Company a changed less than Company B for the 70 kilometres above.

Complete question:

Karen is going to rent a truck for one day. There are two companies she can choose from, and they have the following prices. Company a charges $118 and allows unlimited mileage. Company B has an initial fee of $55 and charges an additional $0.90 for every mile driven. For what mileages will Company A charge less than Company B? Use m for the number of miles driven, and solve your inequality for m.

To know more about inequality visit:

https://brainly.com/question/29816801

#SPJ4

The correct answer is Currently made merchandise, Currently made services, and Pre-existing assets.

The capital account refers to the capital transfers between foreign residents. The money account reflects will increase or decreases in a very country's possession for the  international assets.

The current account reflects the net income of a country at intervals a year. The capital account reflects web change inside the possession of national assets of a country at intervals a year. this account in the main focuses on the receipts and disbursements related to the cash and non-capital things.

The current account balance of payments could be a record of a country's international transactions with the remainder of the planet.

To learn more about capital account, visit here

https://brainly.com/question/13275642

#SPJ4

Confirming a contract, Always make sure to confirm your plans after you create them. When you create an agreement over the phone in English, be sure to confirm the agreement by repeating the day and time of the gathering to the other party and asking if it is correct.

When negotiating with someone, you should introduce yourself and explain why you need the agreement.

Additionally, you should inquire about how much time will pass before the agreement is reached and whether a waiting period is necessary. One of the last things you should do before concluding the conversation should be this.

Thus, Confirming a contract.

For more information about way to find the client, click here:

https://brainly.com/question/28547122

#SPJ1

Economic blueprints are frameworks or plans that list the main economic principles and tactics that a government, institution, or person can use to accomplish particular economic objectives.

These aims may include boosting economic growth, decreasing poverty and unemployment, and improving income distribution. Economic plans frequently contain a variety of initiatives and policy changes that are intended to address certain economic issues or possibilities.

These initiatives can be in the form of regulatory changes to laws and regulations that affect economic activity, fiscal policy changes (such as adjustments to taxes or government spending), monetary policy changes (such as adjustments to interest rates or the money supply), and other types of policy initiatives.

Governments, policymakers, economists, and other specialists frequently develop economic plans, which are frequently based on economic theory and analysis.

To learn more about economic blueprints,