Answer:
Corporations
Corporations. A corporation is considered by law to be a unique entity, separate from those who own it. A corporation can be taxed, sued and enter into contractual agreements. The corporation has a life of its own and does not dissolve when ownership changes.
Explanation:
corporation
Unlike a sole proprietorship or general partnership, a corporation is a separate legal entity, separate and distinct from its owners. It can be created for a limited duration, or it can have perpetual existence
Answer:
$10,904.84
Explanation:
According to the scenario, computation of the given data are as follow:-
Year Deposit amount ($) At 9% for 3 years Future value of deposits ($)
1 $1,500 (1.09)^3 = 1.295029 $1,942.54
2 $3,000 (1.09)^2 = 1.1881 $3,564.3
3 $2,200 (1.09)^1 = 1.09 $2,398
4 $3,000 1 $3,000
Total $10,904.84
Future value = cash flow × (1 + interest rate)^number of years
When the amount of $10,904.84 is available, I buy the car.
Answer:
$87,200
Explanation:
The computation of the total amount of merchandise purchase is shown below:
As we know that
Cost of goods sold = Beginning merchandise inventory + purchase of merchandise - ending merchandise inventory
$69,400 = $11,600 + purchase of merchandise - $29,400
$69,400 = -$17,800 + purchase of merchandise
So, purchase value of merchandise is
= $69,400 + $17,800
= $87,200
