Answer:
0.56%
Explanation:
the annual interest rate is 6.75%, so divide it by 12 to find the monthly interest rate
6.75% / 12 = 0.56%
Answer: a.
Explanation: systems view of an organization refers to the parts of the organization interacts with the organization as an entity. System theory tries to prove the importance of an organized environment.
System view of an organization is developed on the knowledge that everything is interconnected. System view tends to see an organization as a United entity where similar approach is used in carrying out activities within the organization.
Answer:
$145,422
Explanation:
n = 4 * 2 = 8 periods
i = 10% / 2 = 5%
Present value of the building = $22,500 * PVAF(8%, 5%)
Present value of the building = $22,500 * 6.4632
Present value of the building = $145,422
The answer would be : C. make profit , since you need it to pay your employees and feed your family
Profit is basically the main purpose of a business. It would be best for your business to fulfill one customers that give you 1 million dollars , rather than fulfill 1 million customers that only give you 1 dollar.
Answer:
D. An unclassified balance sheet is one whose items are broadly grouped into assets, liabilities, and equity.
Explanation:
A balance sheet can be defined as a financial statement used in reporting an organization's assets, capital, liabilities, debt and equity at a specific period of time.
An unclassified balance sheet is one whose items are broadly grouped into assets, liabilities, and equity.
This ultimately implies that, an unclassified balance sheet is typically used to report an organization's assets, liabilities and equity without separating or grouping them into specific classes (sub-classification of assets, liabilities or equity). Therefore, the financial items are only listed in an order of liquidity with their total.
An unclassified balance sheet is mainly used by small businesses and for internal reporting of financial items.