Hello, Could I have a step-by-step explanation to solve this exercise ?

On April 1, 2014, Able Co borrows $200,000 for four years from the Toy Company to obtain funds to buy a piece of commercial property. As collateral, Able Co. gives Toy Company a mortgage on the manufacturing plant that it owns and that are on its books at a cost of $50,000. Interest is charged on the unpaid balance of the loan principal at an interest rate of 4 percent per year compounded semiannually. Payments are due on April 1 and October 1 of each year. Able co agrees to make eight payments over the four years of the mortgage so that when the last payment is made on April 1, 2018, the loan and all interest will have been paid. The first seven payments are to be equal. The eighth payment is to be just large enough to discharge the balance of the loan. Able Co. closes its books annually on December 31 and uses the effective interest method.

Each equal payment from October 2014 to October 2018 is equal to (round to the nearest hundred):

a)$52,500

b) $22,300

c) $22,200

d)$27,300

e)None of the other alternatives are correct / Not enough data provided to calculate it

Question 2: Consider a country producing milk and cookies using labor and capital as inputs described by a Heckscher-Ohlin model. The following table provides outputs for goods and factor endowments before and after a change in the endowments. Output and Endowments Initial After Endowment Change Milk Output, QM 100 gallons 1 10 gallons Cookie Output, Qc 100 pounds 80 pounds Labor Endowment, L 4000 hours 4200 hours Capital Endowment, K 1000 hours 1000 hours a) Calculate and rank the magnification effect for quantities in response to the endowment change. b) Which product is capital intensive? Show why. c) Which product is labor intensive? Show why.Harbaugll, et a1. Show that 1) Only young children display the endowment effect. 20 year olds no longer display an endowment effect. 2] Adults display an endowment effect, but not young children. 3) Infants display an endowment effect before they are able to speak, and the effect becomes more intense as they grow older. 4] Both young children and 20 year olds display an endowment effect. Accounting for Credit Card Sales Chassoul & Company pays a three percent credit card fee on all credit sales, and receives a cash deposit immediately following each credit card transaction. If credit sales for the company total $30,000 on January 15, what journal entry should be recorded to recognize the receipt of cash and the credit card fee expense? Debit Cash $29,100; debit Credit Card Fee Expense $900. CDebit Cash $29,100; credit Credit Card Fee Expense $900. CDebit Cash $30,900; debit Credit Card Fee Expense $900. Debit Cash $30,900; credit Credit Card Fee Expense $900.Which of the following statements is FALSE? O A. Both credit cards and debit cards are financial innovation responses to changes in supply conditions. O B. A firm issuing credit cards earns income from loans it makes to credit card holders and from payments made by stores on credit card purchases. O C. Credit cards have become extremely popular that in addition to VISA and Mastercard, nonfinancial institutions such as General Motors and Walmart have entered into the credit card business. O D. Debit cards are a spin off from credit cards and purchases on debit cards is immediately deducted from the card holder's bank account, making it a higher cost in processing transactions. Reset SelectionIn the logical design below describe (entities and relationship cardinalities), - relationship(s) between customer and debit card & credit card - relationship(s) between merchant and debit card & credit card CUSTOMER CustomerID CustName CustAddress CARD ACCOUNT AccountID ExpDate CardType CustomerID DEBIT CARD CREDIT CARD DAccountID Bank No CAcconmin CurrBal CHARGES MerchID CAccountID Charge Date Charge Time Amount MERCHANT MerchID MerchAddr