A check given by a company for $340 in payment of liability was in the diary as $430. This item to be included on the bank as an addition to the balance per the firm's records.
<h3>What are payment liabilities?</h3>
Payment Liabilities means all Penalties other than
(i) contingent obligations of Borrower regarding which neither Agent nor any Lender has asserted a claim against Borrower, and
(ii) non-monetary commitments of performance; provided, that Payment Liabilities shall include the Letter of Credit Responsibilities
The payment of a liability reduces assets and liabilities as the liability could be paid only through paying cash or cash equivalents hence it reduces the asset when the liability is paid off then it is decreased.
To learn more about Payment Liabilities visit the link
brainly.com/question/14263325
#SPJ4
Answer:
A. Payback period
- payback period = 2.875 years, therefore, the project should be accepted because the payback period is less than 3 years.
B. Internal Rate of Return (IRR)
- IRR = 22.69%, therefore, the project should be accepted since the IRR is higher than the required rate of return (8%).
C. Simple Rate of Return
- simple rate of return = 18%, therefore, the project should be accepted because the simple rate of return is higher than the required rate of return.
D. Net Present Value
- NPV = $4,647.85
, therefore, the project should be accepted since the NPV is positive.
Explanation:
year cash flow
0 -$10,000
1 $2,400
2 $4,800
3 $3,200
4 $3,200
5 $2,800
6 $2,400
discount rate 8%
I used a financial calculator to determine the NPV and IRR.
Payback period = $10,000 - $2,400 - $4,800 = $2,800 / $3,200 = 0.875
payback period = 2.875 years
simple rate of return:
average cash flow = ($2,400 + $4,800 + $3,200 + $3,200 + $2,800 + $2,400) / 6 = $3,467
depreciation expense per year = $10,000 / 6 = $1,667
simple rate of return = ($3,467 - $1,667) / $10,000 = 18%
Answer
C. Lifestyle
Explanation
Lifestyle is the way in which an individual lives. It is a composite word whose meaning cuts across needs and wants of a person which are controlled by the social class of the person, culture, family or reference groups. In this case, Cameron wants a modest house that has adequate space to keep horses. Cameron should be a rich person who wants to maintain his class in the society by staying in a modern residence that can accommodate horses because the value of such a life is high.
<span>A written report of the boating accident must be filed within 10 days if the boat or property damage is in excess of $2000 or total boat loss. Forms can be obtained from the local law enforcement authorities. </span><span>The boat operator or owner usually completes the form unless she/he is physically unable to do so.</span>
Answer:
Positive
Explanation:
Price elasticity is the measure to assess the responsiveness of the supply of a good or service after changing the price of the good or service.
According to basic principles of economics, the price and supply of good or services are directly proportional, it means that if the price increases the supply of good increases and vice versa. The sign of the price elasticity will be positive because they are directly related.
Form example
At Price $5 supply is 200 units
At price $6 supply 250 units
Calculate the change in price and change in supply as well.
Cange in price = ($6 - $5) / 5 = 0.2 = 20%
Cange in supply = 250 units - 200 units = 50 units / 200 unit = 0.25 = 25%
Price elasticity of supply = Change in supply / Change in price
Price elasticity of supply = 25% / 20%
Price elasticity of supply = 1.25
Hence, the sign is positive