Question
A company had the following items on its 2020 annual income statement: Revenues900,000 Labor expense100,000 Material expense200,000 Depreciation expense80,000 In addition, the company borrowed $250,000
A company had the following items on its 2020 annual income statement:
Revenues900,000
Labor expense100,000
Material expense200,000
Depreciation expense80,000
In addition, the company borrowed $250,000 at the beginning of 2019, to be repaid with equal total payments, over10 years, at 6% annual interest.
What is the loan interest payment in 2020?What is the loan principal payment in 2020?
Enter two numerical values in the answer field, and separate them by a space.
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Introduction to Management Accounting
Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta
16th edition
978-0133058819, 9780133059748, 133058816, 133058786, 013305974X , 978-0133058789
