Answer: $250
Explanation:
From the question, we are told that Elmo Johnson was late on his property tax payment to the county and that he owed $7,500 and paid the tax four months late.
We are further told that the county charges an annual penalty of 10%. The amount of the penalty for the four-month period goes thus:
Annual penalty = 10% × $7500
= 0.1 × $7500
= $750
Since he is four months late and there are twelve months in a year, this will be:
= $750 × 4/12
= $750 × 1/3
= $750/3
= $250
The ability to meet short-term obligations and efficiently generate revenues is called Liquidity.
Liquidity is the ease or speed with which money can be raised to meet short-term financial responsibilities such as paying bills. Stocks and bonds, as well as other easily tradable assets, are regarded as liquid assets.
A company's liquidity can be determined by how well it can meet its short-term obligations, particularly those that are due in less than a year. What the business owes in comparison to what it owns is typically represented as a ratio or percentage. You can gain insight into the company's financial situation by using these metrics.
The liquidity status of a business is primarily affected by two factors. The first factor is its capacity to transform assets into cash to cover its present liabilities (short-term liquidity). Its debt-carrying capability is the second.
To learn more about Liquidity refer to:
brainly.com/question/13646882
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Answer:
True
Explanation:
Satisfaction on the job has to do with achieving one's set out personal goals and also attaining growth over time in the job. To achieve this, the manager has a role to play also because the function he performs to motivate the Employees will determine if they are satisfied or not, the manager can help each employee attain growth in their chosen path by helping down through the ladder with task that are related to thier field hence giving them a form of satisfaction on the job and also reward for extraordinary performance by the manager tends to motivate the Employee to want to do more.
Fulfilment on the job is dependent on how much of much set out task individuals are able to accomplish and in the bigger picture, rhe manager comes into the center stage.
<span>In this case the total of debit column is more than that of credit column. It can be because of two situations. One situation is that the expenses are recorded twice or more in the books in the account due to which the debit side is coming more than the credit side. Or other way around, the income has been recorded less than what needs to be actually recorded.Hence there is an accounting error committed in this scenario.</span>
Answer:
Here's my Macroeconomic model.
Explanation:
Thus, the five-sector model includes (1) households, (2) firms, (3) government, (4) the rest of the world, and (5) the financial sector. The financial sector includes banks and non-bank intermediaries that engage in borrowing (savings from households) and lending (investments in firms).
