Answer:
Corporation
Explanation:
The corporation is a legal business entity that is separated from its owners with respect to the assets and liabilities.
In this business entity, they have the right to received, owned or even transferred the property who are entered into contracts with the other legal entities or with the individuals
In addition, this business entity is to be sued and sued to the individual or other business entities depending upon which entity or individual it is dealing with in the court.
Answer:
16
Explanation:
Compounding periods are the number of times interest is paid to an investment per year. For example, annual compounding means that interest will be paid once a year hence compounding period would be 1.
If semiannualIy, interest would be paid twice a year hence 2 compounding periods per year. In this case, quarterly compounding means that interest payment occur every 3 months hence 4 quarters a year.
In 4 years, total compounding periods would be; 4 *4 = 16 periods.
Answer: c. $94,240
Explanation:
On December 31, 2005, one payment has already been made which would mean that only 7 payments are left. As the first of these remaining 7 will be paid the year after, this is an ordinary annuity.
Note payable value = Present value of seven $20,000 payments
= 20,000 * Present value of ordinary annuity of 1 at 11% for 7 years.
= 20,000 * 4.712
= $94,240
Answer:
The correct answer will be "Reversion interest".
Explanation:
- Reversionary interest seems to be an individual's involvement in something like an asset that whenever a prior estate continues to function. It indicates any desire that is deferred to something like the pleasure of.
- It generally means after enough duration either on a particular arrangement, the charity's grantor seems to have an intention of having again an exchanged asset.
