The total amount payable is $4,025.
(One point equals one percent of the loan amount. 3.5% of $115,000 is three and a half points, or $115,000 x.035 = $4,025. (one and a half and two).
Lender
A lender is a person, a group (public or private), or a financial organisation who makes funds accessible to a person or business with the expectation of repayment. Payment of any interest or fees will be included in the repayment. Lenders give funding for a variety of purposes, including home mortgages, auto loans, and small business loans. The loan terms outline how it must be satisfied, such as the payback time and the implications of late payments and default. A lender may use a collection agency to recover overdue monies.
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Alex is using a plug figure which will ensure that the plan for next year is internally consistent with a plan to identify the sources of financing for all assets that will be needed.
<h3>What is a balance sheet?</h3>
It should be noted that a balance sheet simply means a financial statement that shows the financial status of a company.
In this case, Alex is using a plug figure which will ensure that the plan for next year is internally consistent with a plan to identify the sources of financing for all assets that will be needed.
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Answer:
an offer and an acceptance
Explanation:
Here, in this particular case, the valid contract will require an agreement i.e. an offer and an acceptance which is further backed personally by the legally adequate consideration that is made by the individuals or groups that tend to have legal competence to embark into a contract, and thus the legal ambition.
The fee is called an "excess mileage fee" she she has driven more miles than she was allowed in her lease agreement.
Answer:
Net cashflow from operating activities =$271,400
Explanation:
<em>The cash flow statement is a financial statement that provides information about the sources and the usage of cash during a particular accounting period usually a year.</em>
It provides the cash inflow and outflows under three (3 ) categories of activities operating investing, financing.
The net operating activities section of the cash flow is prepared below:
$
Net income 194,500
Add Depreciation expense 47,500
Add Loss on disposal 6,200
Add Decrease in account receivable 18,200
Add Increase in accounts payable <u> 5,000</u>
Net cashflow from operating activities <u>271,400 </u>
