Describe what happens to the portions of payments going to principal and interest over the life of an installment loan. Choose the correct answer below. A. The interest portion remains constant and the portion applied to paying off the principal increases with each successive payment. BE. The interest portion decreases and the portion applied to paying off the principal increases with each successive payment. C. The interest portion decreases and the portion applied to paying off the principal remains constant with each successive payment. D. The interest portion increases and the portion applied to paying off the principal decreases with each successive payment.

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?

If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?

What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?