Answer:
The correct solution is "$42.94".
Explanation:
The given values are:
D0 = 4
Ks = 15%
As we know,
⇒ 
By using the Gordon Model, we get
⇒ 
($)
Answer:
C) person who works well alone
Explanation:
Answer:
both b and c
Explanation:
A Petty Cash Fund is a convenient way of paying for small transactions. It is mostly applied when making payment using other methods is unreasonable. The money spent should be replenished at least once to take the Petty Cash Fund back to its approved balance. Replenishment is also done when the dollar balance goes below a set level. Replenishing allows the petty cash fund to operate as intended.
Answer:
Explanation:
note to be paid with three equal payments @ 6% interest at the end of each year.
Amortization Schedule
Year Opening Interest 6% 3 equal Paments Repay Closing
1 8000000 480000 2666667 3146667 5333333
2 5333333 320000 2666667 2986667 2666667
3 2666667 160000 2666667 2826667 0
Journal Entries
January 1, 2018
Loan Receivable 8000000
Bank 8000000
Amount given as Loan
December 31, 2018
Cash 3146667
Interest Income 480000
Loan Receivable 2666667
To record the repayment and interest income
December 31, 2020
Cash 2826667
Interest Income 160000
Loan Receivable 2666667
To record the repayment and interest income
