Answer:
You can find your answer in attached document.
Explanation:
Answer:
Answer to this question is b.46500
Explanation:
According to 28/36 guidelines, a household shall not spend more than 28% of its monthly income on housing expenses.
Applying the above rule, the monthly income of a household shall be calculated as follows:
28% x household monthly income=1085$
household monthly income=1085/28%=3875
Annual household income=3875 x 12=46500
Answer to this question is b.46500
Answer: False
Explanation:
The revenue account for a Retail Merchandising Business is also known as the Sales Account.
When goods are sold they are credited to the Sales Account and it is no different here.
Therefore, When a Retail Merchandising Business sells goods to a customer the amount of the sold merchandise is credited to the Sales Account which makes the above statement false.
Answer:
The strategy that would be least effective in reducing the company's criminal liability is:
D. It could donate to the election campaigns of the new members of Congress to establish goodwill.
Explanation:
While the other three options will effectively reduce the company's criminal liability exposure, option D is the least that is likely to have a positive or effective effect. This implies that option D is most likely to aggravate the criminal liability of the company as it will be regarded as bribery to cover up a crime.
Based on the present value of the annual cash flows and the investment cost, the present value index is 1.39
<h3>How is the present value index calculated?</h3>
To find the present value index, use the formula:
= Present value of cash flow/Investment cost
The present value of cash flow is:
= Annual cash flows x Present value interest factor of annuity, 9%, 4 years
= 2,480 x 3.239719877
= $8,034.51
The present value index is:
= 8,034.51 / 5,800
= 1.39
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