Answer:
$38,663.61
Explanation:
Given:
Principle amount = $5,000
Duration, n = 50 years
Now,
With interest rate 7.5%
Future value = Principle × ( 1 + r )ⁿ
thus,
Future value = $5,000 × ( 1 + 0.075 )⁵⁰
or
Future value = $185,948.73
With interest rate 7%
Future value = Principle × ( 1 + r )ⁿ
thus,
Future value = $5,000 × ( 1 + 0.07 )⁵⁰
or
Future value = $147285.12
Hence,
The additional amount to be gifted = $147285.12 - $185,948.73
= $38,663.61
Answer:
January 1 Year 2 would be an effective date.
Explanation:
Juanita have two ( 2 ) options and they are
- Terminating the election after March 15th
- Terminating the Election at the beginning of the next Financial year
Since it is already February 1 Year 1 , The most effective date for the S election revocation would be January 1 year 2 ( calendar-year of S corporation ) .
Buying an established business means immediate cash flow. The business will have a financial history, which gives you an idea of what to expect and can make it easier to secure loans and attract investors. You will acquire existing customers, contacts, goodwill, suppliers, staff, plant, equipment and stock.
Buying a business is generally considered less risky than starting your own business, especially if you can buy a well-managed, profitable business for the right price. Consider these advantages:
The difficult start-up work has already been done. The business should have plans and procedures in place.
Buying an established business means immediate cash flow.
The business will have a financial history, which gives you an idea of what to expect and can make it easier to secure loans and attract investors.
You will acquire existing customers, contacts, goodwill, suppliers, staff, plant, equipment and stock.
A market for your product or service is already established.
Existing employees and managers will have experience they can share.
I have know idea but here is my idea: Maybe do little things for the community that can pay off. :)
Answer and Explanation:
a. The current ratio is
We know that
Current ratio = Current Assets ÷ Current Liabilities
= $440,000 ÷ $200,000
= 2.2
Cash $160,000
Marketable Securities $75,000
Account receivable $65,000
Inventory $140,000
Current Assets $440,000
Account Payable $200,000
current liabilities $200,000
b
Quick ratio =( Current assets - inventory ) ÷ Current Liabilities
= ($440,000 - $140,000 ) ÷ $200,000
= 1.5
