Answer:
Quarterly income = $ 36,643.03
Explanation:
The quarterly income ca be determined using the present value of the annuity technique.
The Present Value of the annuity technique
PV = A × ((1- (1+r)^(-n)/r
A- quarterly payment, n- number of quarters, quarterly rate, PV - Present of investment
A- ? n -3× 12= 36, r-12%/4= 3%
800,000 = A× (1- (1.03)^(-36)
800,000 = A× (1- (1.03)^(-36)
800,000 = A × 21.8322525
A = 800,000/21.8322525
A= 36,643.03
Quarterly income = $ 36,643.03
Answer:
D. $157,100
Explanation:
Amount in $
Beginning Cash account balance 38,700
Cash disbursement (outflows) (144,600)
Cash inflows <u> xxxx </u>
Ending balance <u> 51,200 </u>
<u />
Cash inflows = 51,200 + 144,600 - 38,700
= $157,100
The right option is D. $157,100.
Answer:
I.It's easier to purchase affordable insurance during a "soft" market than during a "hard" market
I only
Explanation:
When a purchaser of insurance wants to make a purchase he analyses the market to get a favourable condition that reduces risk and loss.
The market condition can be a soft market or hard market.
Soft market is one in which potential sellers are more than potential buyers. So supply exceeds demand. Buyers are able to buy affordable insurance.
Hard market on the other hand is when there is an upswing in market cycle. Premiums increase and capacity for insurance decreases.
It is more difficult to get affordable insurance in this market
Answer:
The total for assets, liabilities, and equity are:
b) Total Assets: $26,000
Total Liabilities: $17,000
Total Equity: $9,000
Explanation:
a) Data and Calculations:
Accounts Payable: $4,000
Notes Payable: $10,000
Salaries payable: $1,000
Revenues: $5,000
Accounts Receivable: $5,000
Utilities Expense: $2,000
Cash: $5,000
Office Supplies: $1,000
Equipment: $20,000
Accumulated Depreciation Equipment: $5,000
Unearned Revenue: $2,000
Equity: $22,000
Salaries Expense: $1,000
Total assets:
Accounts Receivable: $5,000
Cash: $5,000
Office Supplies: $1,000
Equipment: $20,000
Accumulated Depreciation
Equipment: ($5,000)
Total assets = $26,000
Total liabilities:
Accounts Payable: $4,000
Notes Payable: $10,000
Salaries payable: $1,000
Unearned Revenue: $2,000
Total liabilities $17,000
Total Equity:
Total assets $26,000
Total liabilities 17,000
Total equity $9,000
