First, he wanted to do something he enjoyed.
second, he wanted a business that would give back tot he community.
third, he wanted a business that would grow and be more successful every year.
fourth, realizing that he was going to have to work very hard, Micheal wanted a business that would generate a minimum income of 25,000 annually.
Answer:
Rent, expenses
Explanation:
A prepayment may be recorded in prepaid rent, a balance sheet account. The alternative method to record the prepayment is to debit the rent of expense account.
Answer:
b. competitive intelligence
Explanation:
<em>Competitive intelligence is the information a company collects about its rivals, business environment, and industry in order to analyze it to develop more effective business strategies.</em>
I hope you find this information useful and interesting! Good luck!
Answer:
Land amount= 367,990
Interest amount= 149,010
Explanation:
this question can be solve applying the concept of future value, as it is a zero interest or zero coupon it only, it means the bond does not pay money in the time, so
where FV is future value, PV is the present value, i is the periodic interest rate and n is the number of periods. So applying to this particular problem we have:
solving we have PV=367,990
so the land value is 367,990 and the interest expenses are 517,000 - 367,990=149,010
Answer:
A. central
Explanation:
The central banking system of America or the Federal Reserve System was created in December 1913, through the enactment of the Federal Reserve act. It was founded by the Congress to provide a stable, safe, and flexible financial and monetary system. The formation of the central banking system was brought about by the desire to have control of the monetary system to alleviate financial crises.
The central banking system performs various functions that are significant to the economic stability and growth in the US. A few of those functions include.
- Implement monetary polices to influence stable prices, achieve target unemployment and inflation rates.
- Regulating and supervising commercial bank activities in the US.
- Providing a secure and safe payment system in the country
- Acts as the lender of the last resort
