I’m going to go with b. Will be considered in the decision making process.
I looked up the definition of criterion and it means a principle or standard which maybe judged or decided. It’s not the ONLY thing that’s required.
Answer:
The lease payment will be for $ 113,751.173 during 5 years beginning at the moment the lease is signed
Explanation:
First, we discount the payment at the end of the lease
Maturity $150,000
time 5 years
rate 0.06
PV 112,088.7259
Now we subtract form the 620,000 to know the amount to be perceived form the lease payment:
620,000 - 112,089 = 507.911
Now we solve the PMT which makes the annuity-due of 5 payment at the beginning of the period:
PV $507,911.0000
time 5
rate 0.06
[tex ]507,911 \div \frac{1-(1+0.06)^{-5} }{0.06}(+0.06) = C\\[/tex]
C $ 113,751.173
Answer:
The correct answer is Reinstatement.
Explanation:
The Reinstatement provision specifies what an insured must do, if a policy has lapsed, in order to put it back in force.
A reinstatement clause is a clause in insurance policy which grants the policy owner the right to reinstate a lapsed policy for specified reasons, such as non-payment of premiums, by furnishing satisfactory evidence of insurability and paying all unpaid premiums.which grants the policy owner the right to reinstate a lapsed policy for specified reasons, such as non-payment of premiums, by furnishing satisfactory evidence of insurability and paying all unpaid premiums.
Answer:
The correct answer is $4,500.
Explanation:
According to the scenario, the given data are as follows:
Uncollectible Account receivable = $5,000
Account receivable balance = $100,000
Allowance for Doubtful Accounts = $500
Credit sales = $150,000
So, we can calculate the bad debt expense by using following formula:
Bad debt expense = Uncollectible Account receivable - Allowance for Doubtful Accounts
by putting the value, we get
Bad debt expense = $5,000 - $500
= $4,500.
