Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. actually do the question and explain it. please do

Actually do the question and explain it. Please do not copy other Chegg question. ...

90.2K

Verified Solution

Question

Finance

Actually do the question and explain it. Please do not copy other Chegg question.

image

At maturity date, a borrower repays in full the principal of a \\( \\$ 2,000 \\) loan and pays \\( \\$ 150 \\) interest. Which of the following statements is NOT correct? A. Their assets decrease by \\( \\$ 2,150 \\). B. Their bank deposits decrease by \\( \\$ 2,150 \\). C. Their debt decreases by \\( \\$ 2,150 \\). D. Their equity decreases by \\( \\$ 150 \\). E. Their balance sheet shrinks

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Graph the linear function by finding x and y intercepts Then write the equation using...

Geometry
Q

Our typical valuation tools rely on either discounting future cash flows of the firm or using...

Finance
Q

Mary Livermore was a titan during her time. Though her efforts as both a suffragette and...

Psychology
Q

A 6 in. schedule 800 steel pipe (OD =6.62 in) will be used to transport 450...

Mechanical Engineering
Q

76 Use Simpson s Rule with n 6 to estimate the area under the curve...

Calculus
Q

The following information is for Hulk Gym's first year of operations. Amounts are in millions...

Accounting
Q

The following are the transactions of Spotlighter, Inc., for the month of January. Borrowed $3,940...

Accounting
Q

Test - Tax Analyst Certification Test (2017) Clergy Question 51 of 75. Reverend Lincoln receives...

Accounting
Q

help Contribution Margin by Segment The following data are for Elm Leaf...

Accounting
Q

You borrow $50,000 repayable in monthly instalments over 10 years. The nominal interest rate is...

Finance
Q

What is open-invoicing and which types of businesses would use it? Compare it with the...

Accounting
Q

Anne Marie, the owner of Annes Beauty Salon, comes to see you again. She tells...

Accounting