Answer:
$1,099,203.00
Explanation:
In this question we have to find out the future value that is shown in the attachment below:
Provided that
Present value = $0
Rate of interest = 8% ÷ 2 = 4%
NPER = 25 years × 2 = 50 years
PMT = $1,200 × 6 months = $7,200
The formula is shown below:
= -FV(Rate;NPER;PMT;PV;type)
So, after solving this, the future value is $1,099,203.00
Answer:
Sole proprietorship
Explanation:
A sole proprietorship is a business form of an organization in which there is only a single owner who operates and controls the business. The main motive of every organization is to maximize revenue, minimize losses and taxes. Also it has unlimited liability
Therefore in the given situation, the sole proprietorship would be the appropriate and the same is to be considered
Answer:
Yes, because all three were equal partners in the said business and when the decision was to be made, a greater majority (Bill and Heidi) voted in favor of getting the loan.
Dutch also is thus, liable for the said loan. He ought to have opted out of the partnership if he was dead serious and he would have gotten a fair share of dividends from the said partnership and left the duo to work together
Answer:
I would say it is A
Explanation:
i say this because everything is virtual now so therefore there are job applications online
Answer:
The Journal entries are as follows:
(i) On October 1,
Dividend declared A/c(3,200 × 0.25) Dr. $800
To Dividend payable $800
(To record the declaration of cash dividend)
(ii) On October 15,
No entry
(No entry on date of record because no transaction actually happened)
(iii) On October 31,
Dividends payable A/c Dr. $800
To cash $800
(To record the payment of cash dividends)
