Answer:
B.) Net income = $10; Comprehensive income = $30.
Explanation:
The computation and effect of these two events increase net income and comprehensive income is shown below:
Since there is a gain on sale of investment so it increased the net income
So the net income would be increased by $10
And, there is an Unrealized gain on investment from an increase in fair value of $20
So, the comprehensive income increased by
= $10 + $20
= $30
Hence, the correct option is B
Answer:
$69,378.96
Explanation:
The first step is to determine the future value of Jill's balance
FV = P (1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years
$866,000(1.09)^8 = $1,725,559.25
the second step is to determine the future value of the balance in Bob's account
$482,000(1.09)^8 = $960,415.19
The difference between Jill and Bob's future value amount is 765,144.06. this has to be the future value of bob's yearly savings
yearly savings = 765,144.06. / annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
(1.09^8 - 1) / 0.09 = 11.028474
765,144.06. / 11.028474 = $69,378.96
Screen shot or take picture and make it an attachment to the duration
Answer:
A factor company
Explanation:
A factor company is a finance company that specializes in purchasing company's accounts receivable,then goes ahead to collect the balances from the customers for a fee.
A factor company sometimes does this with a recourse to the company whose receivable has been factored or without a recourse.
With a recourse means that any accounts receivable balance uncollected would be transferred to the original company while without a recourse is the opposite situation
Answer:
A partnership agreement is binding even if it is not in writing
Explanation:
A partnership is a relationship that exist between two or more people (Usually two to twenty people) to pool their resources and capital together and establish a business enterprise with the aim of making profit.
A partnership agreement can be written on unwritten. Even when unwritten, a partnership agreement is binding and is enforceable in the law court.
A written partnership agreement is called a partnership deed. partners are usually encouraged to have a partnership deed that clarifies the respective positions and duties of each partners.
