Answer:
The answer is current ratio
Explanation:
Current ration is the ratio of Current asset to current liability.
Current ratio = Current asset/current liability.
This ration is a measure of liquidity and liquidity is the ability of a company to meet its immediate or short term liabilities.
Liquidity contributes to a company's credit-worthiness which is the ability of a borrower to repay its debt in a timely manner.
Answer:
<em>n = 33.8108479</em>
Explanation:
We will calculate the current principal
And then calculate the time period it takes with a higher payment of 675 dollars per month:
C $ 500
time 48 ( 4 years x 12 months per year)
rate 0.0075 (9% annual divide by 12 months)
PV $20,092.3909
Now we recalculate n:
C $675.00
time n
rate 0.0075
PV $20,092.3900
<u>from the annuity formula we solve as we can until arrive at this situation:</u>
<u>We use logarithmics properties to solve for n:</u>
<em>n = 33.8108479</em>
Answer:
The point of present perfect (e.g. has witnessed)is that it deemphasizes the time at which the event occured and even the number of times it occured,and emphasizes merely that there was at least one occurrence before the present.
Answer:
The depreciation expense for year 1 is $16,000
Explanation:
Depreciation: The depreciation was occurred due to tear and wear, obsolesce, time period, etc
Under the straight-line method, the depreciation should be charged with the same amount over the useful life.
The calculation is shown below:
=
=
= $16,000
The depreciation should be charged for $16,000 in year 1. Moreover, it is shown in the income statement in the debit side and in the cash flow statement also.
The higher the downpayment John pays towards his house, then the less he will have to pay towards a mortgage and easier it will be for him to obtain a loan for the house. If he is able to put down 20% of the house cost then it will be more cost effective for him in the long term as he will then have less to pay back to the loan company and then can pay back the loan over a shorter term with less interest.