Answer:
C. Moral hazard.
Explanation:
Moral hazard is the risk that a party has not gone into an agreement in compliance with common decency or has given deceiving data about its assets, liabilities, or credit capacity. Moral hazards can be available whenever two parties come into concurrence with each other. Each party in an agreement may have the chance to pick up from acting in opposition to the standards spread out by the agreement.
Yes, I think it is important to save for retirement as early as 18 years old. I think this so that if anything goes wrong you can have kind of like a safety net.
Use this equation: FVN= $2 = $1(1 + I)N= $1(1.20)<span>N (With any dollar amount)
</span>The exact answer is 3.8 years, but some calculators will round this value up to the next highest whole number, so maybe 4 years.
Answer:
a. $46,000
see the other answers in the explanation
Explanation:
(a) Fair value of leased asset to lessor $245,000
Less: Present value of unguaranteed residual value $24,335 X .63017
(present value of 1 at 8% for 6 periods) $15,335
Amount to be recovered through lease payments $229,665
Six periodic lease payments $229,665 ÷ 4.99271 $46,000*
*Present value of an annuity due of 1 for 6 periods at 8%.
b.
(c)
1/1/17
Lease Receivable 245,000
Cost of Goods Sold 229,665
Sales Revenue 229,665
Inventory 245,000
1/1/17
Cash 46,000
Lease Receivable 46,000
12/31/17
Lease Receivable 15,920
Interest Revenue 15,920
1/1/18
Cash 46,000
Lease Receivable 46,000
12/31/18
Lease Receivable 13,514
Interest Revenue 13,514
