Answer:
Monthly car loan payment = $414 (Approx.)
Explanation:
Missing information;
Amount borrow = $29,000
NUmber of payment = 7 year x 12 = 84
Rate = 5.3% yearly = 0.053 / 12 monthly
Find:
Monthly car loan payment
Computation:
PV = $29,000
N = 84
r = 0.053/12
FV = 0
PV = (PMT/r)[1 – 1/(1 + r)ⁿ] + FV/(1 + r)ⁿ
29,000 = [PMT/(0.053/12)][1 – 1/(1 + 0.053/12)^84] + 0
PMT = 413.98
Monthly car loan payment = $414 (Approx.)
Answer:
this is an amount of payment in which an amount of money or credit is directly transfered to another account
Answer:
a. Percentage of all taxpayers who file electronically = 63%
b. The number of people who hire an accountant or professional tax preparer is:
= 613
c. The data for the method of preparing the tax return would be considered CATEGORICAL.
Explanation:
Sample of adults aged > 18 = 1,021
Those who planned to file their taxes electronically = 644
This number represents 63% (644/1,021) of the population.
a. We can estimate that percentage of all taxpayers who file electronically as 63%.
b. If 60% of the people surveyed had their tax return prepared by hiring accountants or professional tax preparers, the number of people who did this = 60% of 1,021 = 613
c. Methods for filing tax returns:
Electronic filing
Manual preparation
Online tax service
Software tax program
d. There are four categories here. Data is categorical when the variables take on category or label values. On the other hand, quantitative data take numerical values and can be measured. In this tax filing example, method of tax filing is a categorical variable because a taxpayer can only use one method or be put in one category.
Answer:
$1,350
Explanation:
Goodwill is the Excess of Cash Consideration over the Net Assets taken over. Net Assets taken over are measured at their Fair Market Value instead of Book Values at the Acquisition date.
Where,
Cash Consideration = $8,000
Fair Value of Net Assets Acquired ($6,000 + ) = $6,650
Therefore,
Goodwill = $8,000 - $6,650
= $1,350
