Answer: Credit, income statement
Explanation: Revenues refers to the amount of income a business receives from its customers by performing their core activities.
Credit balance in an account depicts that the relative account is your property and someone owes you that balance. As noted earlier, revenue is the amount earned by the company and is owed by the customers , therefore, it has a credit balance.
Income statement refers to the statement that depicts the performance of the firm for the year and is used to ascertain profit. Revenue is recorded in the income statement so that after deducting the expenses, income could be ascertained.
We have:
Initial cost (PV) = 63800
Annual cash flow (Pmt) = 16580
N = 6
Since the cash flows are conventional in nature, we can use the following formula to calculate the IRR:
PV = Pmt x PVIFA(N, R)
63800 = 16,580 x PVIFA (6, R)
PVIFA (6, R) = 3.84800965
Solving for R using PV of annuity table, we get R= 9.4162%
Therefore, Internal rate of return would be 9.4162%.
Answer:
B) Jeremy is facing a moral, legal, and ethical decision.
Explanation:
Jeremy knows that what he is doing is not legal, since the legal limit for exhaust system noise is 95 decibels and he will alter the cars muffler so that it reaches 125. Besides that, he faces moral and ethical dilemmas because his business is not doing well and his son has just been diagnosed with cancer and he needs money and a lot of it.
Answer: B. Land
Explanation: Just makes sense
