Answer: Balloon Loan
A balloon loan is a type of loan where the final payment is usually much larger than the payment preceding it.
In a balloon loan, the entire loan amount is given to the borrower as soon as the loan is approved and the contract is signed.
The interest falls due and is paid during the life of the loan.
The principal however, is paid as a balloon payment on the final day of the life of the loan.
Answer:
$481,000
Explanation:
To determine the cash flows from operating activities, the net Income for the year must be adjusted by non - cash items and changes in working capital items.
Therefore, given a decrease in Accounts Receivable $17,000 ($131000 - $114000) . Then the cash flows from operating activities to be reported on the statement of cash flows is $481,000 ($498000 - $17,000) .
Chief operating officers (COO) and chief financial officers (CFO) must verify in writing the accuracy of their corporation's financial statements.
Answer: D)
Answer:
1.37
Explanation:
Given that
Operating income = $45,900
Variable expenses = 10%
Fixed expenses = $17,100
The calculation of operating income is shown below:-
Contribution margin = Operating income + Fixed expenses
= $45,900 + $17,100
= $63,000
So, Operating leverage = Contribution margin ÷ Operating income
= $63,000 ÷ $45,900
= 1.37
Answer:
Percentage of tip = 13.18% (Approx.)
Explanation:
Given:
Total amount of dinner bill = 7,589
Amount of tip = 1,000
Find:
Percentage of tip
Computation:
Percentage of tip = [Amount of tip / Total amount of dinner bill]100
Percentage of tip = [1,000 / 7,589]100
Percentage of tip = [1,000 / 7,589]100
Percentage of tip = [0.131769]100
Percentage of tip = 13.1769
Percentage of tip = 13.18% (Approx.)
