Answer:
The correct answer is $20,369.65.
Explanation:
According to the scenario, the computation of the given data are as follows:
Payment (pmt) = $2,025
Discount rate ( rate) = 7%
Time period ( Nper) ( 6 -23 years) = 18 years
So, we can calculate the Present value by using financial calculator.
Attachment is attached below.
So, Present Value = $20,369.65
Answer:
•Jayaram is a Limited partner
•Jeevan is an active partner
Explanation:
•A limited partner also known as a silent partner is a partner who does not partake in the day to day running of the business. He only provides capital to the running of the business hence his liability is limited to the amount invested in the business.
Asides providing capital and not being active in the management of the business activity, he can be of help by providing business contact that would bring progress to the business and also give business advice where and when necessary.
• An active partner is a partner who provides capital and also oversees the daily activities of the business. He is a very important partner because of his involvement in the business affairs hence has more liability unlike the limited partner. An active partner's action can make or mar the business because of the influence he has over the business.
Answer:
(a)overstated
(b)overstated
(c)no effect
Explanation:
(a) As there is an expense account (utilities expense) which, is not included in the income statement, result for the year will be higher than if was.
(b)The revenues account will be oaky. But, the total expenses will be lower, as there are cost of the period which are not included.
So the Net incoem will be higher than a correct income as their expenses do not include this utilities expense
(c) The balance sheet will have no effect in the total Asset or Total Liaiblities+SE but, it is a change in the composition.
The income (reained earnings) should be lower as the income will be lower and a liability will be create (utilities payable) to fill this so:
with the mistake:
liab 0 equity (+400)
ammending the mistake
liab 400 equity 0
the net effect is zero.
It will decrease equity and increase liability, but the su of both will be the same
Answer:
GDP to increase
Explanation:
Gross domestic product (GDP) refers to the total value of goods and services produced within the boundaries of a nation. Its component are consumption, investment, government expenditure and net exports.
GDP = Y = Consumption + Investment + Government expenditure + Net exports
Net exports refers to the difference of total value of exports and total value of imports.
Net exports = Exports - Imports
Therefore, if there is an increase in the net exports then as a result the GDP of a nation increases.
Answer:
The correct answer are Expected revenue and Opportunity amount.
Explanation:
The term "expected revenue" refers to the expected amount of money that the company will obtain from sales, services and additional revenue streams. The term "income" includes all the money earned before dividing it into wages, compensation, marketing expenses and so on. In other words, revenue refers to all funds obtained by a company before deductions.
On the other hand, the amount of opportunity refers to the effective control of an organization that must take corrective action in time if necessary, since they must be applied in time, before a large deviation from the planned objectives with in advance Therefore, the information provided by a Management Information System must be available in time to act on it.
