[The Following Information Applies to the Questions Displayed Below

question 62

Multiple Choice

[The following information applies to the questions displayed below.]

On January 1, Year 1, Echols Company borrowed $100,000 cash from Sun Bank by issuing a 5-year, 8% term note. The principal and interest are repaid by making annual payments beginning on December 31, Year 1. The annual payment on the loan equals $25,045.65.

-What is the amount of principal repayment included in the payment made on December 31,Year 1?

• A)$20,000.00
• B)$8,000.00
• C)$25,045.65
• D)$17,045.65

Comprehend the significance of child and elder care benefits in supporting employees' work-life balance.

Recognize the impact of tuition reimbursement programs on employee development and organizational attractiveness.

Understand the legal aspects and compliance requirements of offering benefits such as retirement plans and health insurance.

Assess the role of cafeteria-style plans in offering flexible benefits to meet diverse employee needs.

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Definitions:

Emotional Distress

A legal claim for damages that may arise from an incident causing significant psychological impact and suffering to an individual.

German Product Liability

Legal regulations in Germany that hold manufacturers, distributors, or sellers liable for selling defective products causing damage or injury.

Feasible Way

A practical and possible method or approach to achieve a specific goal or task.

Safer Product

A product designed with features to minimize risk and enhance safety for users.