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What is total payment?

Updated: 9/21/2023
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Payment of accounts payable will have what effect on total assets?

Payment of account payable will reduce the total assets. When you pay your bills, you take money out of your account.


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Receiving payment of a portion of accounts receivable will?

Correct Answer: not affect total assets.


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Down payment (or downpayment) is a payment (Paid on the Ground) used in the context of the purchase of expensive items such as a car and a house, whereby payment is the initial upfront portion of the total amount due and it is usually given in cash at the time of finalizing the transaction.


Can you suggest a website that informs you about down payment calculator?

You can really just use any calculator to find the down payment for a home or car. You would just multiply the total price by the percentage of down payment.


Alexis paid 20700 as a down payment for her new home. If the down payment was 11.5 percent of the total price of the house what was the total price?

20700 is 11.5%. 20700 ÷ 11.5 = 1800 (1%) 1800 x 100 = 180,000