Answer:
The present value of the contract is 0.5% higher if the rent is paid at the beginning of the month. That is equal to $11.28 for every $100 of rent.
Explanation:
if the rent is paid at the beginning of the month, the present value of the lease contract will be:
PV = monthly rent x PV annuity due factor
we are not given the monthly rent, but we know the PV annuity due factor for 0.5% and 24 periods = 22.67568
if the rent is paid at the end of the month, the PV = monthly rent x PV ordinary annuity factor
the PV ordinary annuity factor, 0.5%, 24 periods = 22.56287
assuming that the rent is $100 (just to calculate a %), the PV of an annuity due = $2,267.57
the PV of an ordinary annuity = $2,256.29
the difference between them = [($2,267.57 / $2,256.29) - 1] x 100 = 0.5%
Answer:
-D
Explanation:
I'm pretty sure it's zooming in or out on the document
Answer and Explanation:
The Journal entry is shown below:-
Bad debts expense Dr, $2,000
To Accounts receivable-Hopkins $2,000
(Being write off is recorded)
Here we debited the bad debt expenses as it increased the expenses and we credited the accounts receivable as it reduced the assets so that the proper posting could be done
Answer:
$99,800
Explanation:
The statements of cash flows show cash inflows and out flows from the business activities which are recognized as operating, investing and financing activities.
When an asset is sold, the amount received from the sale of the asset is recognized as an inflow in the investing section of the cash flow statement.
The gain/loss from the sale would have been treated in the operating section based on the effect it had in the income statement while computing the net income of the company.
Answer:
Normally "check all that apply" is followed by answers to check...
Explanation:
A W-2 is a Tax statement
