Answer: Option (B)
Explanation:
A corporation is referred to as the organization or a group of individuals that have been officially recognized by the federal government or the state in order to operate as the single body and thus is further recognized under the law for particular reasons. Most of the traditional entities in the early days were formulated by the charter. Nowadays , they are established by registration.
Answer:
1. Excel file extensions, using XLS or XLSX, help him to save worksheets.
2. (Files) help Aslam to create multiple worksheets with common styles.
3. He needs to save them with the (xls).
Explanation:
The file extension (also called the filename extension) is the ending of a file that identifies the type of file in an operating system, for example, Microsoft Windows. The filename extension starts with a period, followed by one, two, three, or four characters, especially in Microsoft Windows. The filename extension helps the computer to open the correct program whenever one wants to use the file.
Answer:
$159,500
Explanation:
Total assets = $870,000
Total liabilities = $745,000.
Total equity is the difference between the assets and liabilities according to the accounting equation. Therefore,
Total equity = $870,000 - $745,000
= $125,000
Increase in asset during the year = $59,000
Increase in liabilities during the year = $24,500
Therefore, increase in equity
= $59,000 - $24,500
= $34,500
At the end of the current year, stockholders' equity is made up of the opening balance and the increase during the year. Hence,
current year's stockholders' equity = $125,000 + $34,500
= $159,500
Answer:
c. accept the loan with the lower effective annual rate rather than the loan with the lower annual percentage rate.
Explanation:
In the above scenario it will be a good financial decision to choose a loan with lower effective rate than the one with lower percentage rate.
Effective rate is defined as the real interest rate on a loan or the actual amount that is to be repaid annually on a loan. It gives a truer picture of cost of borrowing money.
Percentage rate is interest paid on a loan expressed as a percentage of the total amount collected. It usually includes various fees and charges collected by the lender. So it is not a true reflection of the cost of borrowing
