Answer:
$2,639.91
Explanation:
In this case, you expect to make 240 monthly withdrawals. Calculating this is similar to calculating the payments for paying a credit.
- principal = $400,000
- interest rate = 0.05/12 = 0.004167
- n = 240
payment = principal x rate x [(1 + r)ⁿ] / [(1 + r)ⁿ - 1]
payment = $400,000 x 0.004167 x [(1 + 0.004167)²⁴⁰] / [(1 + 0.004167)²⁴⁰ - 1] = $400,000 x 0.004167 x (2.712864 / 1.712864) = $2,639.91
Answer:
"1"
Explanation:
Generally accepted auditing standards are established rules and procedures guiding the conduct of an accountant during the audit of the financial statements of an organization.
It helps to confirm the quality of audit reviews conducted and reports generated by the auditor.
It covers field work , general standards and reporting.
It requires the auditor to have technical training and skills , due professional care and be objective in his engagements as an auditor.
Answer:
$15,000
Explanation:
Value of a perpetuality = cash flow / r
According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)
4 + 0 (10 - 4) = 4
1,000/ 0.04 = 25,000
4 + 1 (10 - 4) = 10
1000 / 0.1 = 10,000
25,000 - 10,000 = 15,000
A control account appears in the general ledger and is supported by a subsidiary ledger.
<h3>What is a control account in accounting?</h3>
A control account is known to be a summary-level account that is found the general ledger.
This account is made up of aggregated totals for transactions that are personally stored in subsidiary-level ledger accounts.
Note that;
- The control account in the general ledger is known as Accounts Payable account.
- When postings are complete, the subsidiary ledger are said to be equal the balance of the Accounts Payable account in the general ledger.
- The subsidiary ledger is accurate by preparing a schedule of accounts payable and linking it against the balance in the control account.
Learn more about controlling account from
brainly.com/question/4656883
Answer: $6000
Explanation:
Financing activities are all activities that a corporation undertakes to affect the company's long-term liabilities or equity.
You list the following activities
- receipts from customers
- receipt from bank for long-term borrowing
- payment to suppliers
- payment of dividends
- payment to workers
- payment for machinery
Any receipts to customers or payments to suppliers are short-term reimbursements for labor or purchase of product, and as such are not included in the financing activity cash flows. Your payments for machinery are not financing activities either as machinery is not considered a liability, rather, it is an asset for the company.
However, your receipt from the bank for long-term borrowing and payments of dividends affect both long-term liabilities and equity, and those are reflected on the financing cash flows as such
Receipts from the bank for long-term borrowing - $7500
Payment of dividends - ($1500)
Net cash flows from financing activities - $6000
