On 1 January 2017,Bratios Company Purchases Equipment and Signs a 6-Year

question 36

Multiple Choice

On 1 January 2017,Bratios Company purchases equipment and signs a 6-year mortgage payable for $80,000 at 15%.The mortgage will be paid in equal annual instalments of $21,139,beginning 1 January 2018.Calculate the portion of interest expense paid on the third instalment.(Round to the nearest dollar. )

• A)$21,139
• B)$70,861
• C)$9053
• D)$12,000

Describe the role of technology and productivity in supply dynamics.

Understand the concept of market equilibrium and its determinants.

Assess the impact of external factors on market prices and quantities.

Comprehend the relationship between price changes and quantity demanded or supplied.

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Definitions:

Duty To Communicate

An obligation to provide relevant information in a timely and clear manner, especially in agreements or relationships requiring trust.

Duty Of Diligence

A legal obligation requiring a person to exercise reasonable care and attention in their actions or duties.

Breach Of Duty

Failure to meet the responsibilities or uphold the standards of care legally owed by one party to another.

Revoke The Authority

The act of formally withdrawing or cancelling a previously granted power or legal right, usually by the entity that granted it.