The net present value of this lockbox arrangement is $1,205,378.06.
Since you are considering implementing a lockbox system for your firm, and on an average day, your firm receives 1,370 checks with an average value of $ 880 each, and the daily interest rate on Treasury bills is 0.01 percent, and the bank charge per check would be $ 0.25, to determine what is the net present value of this lockbox arrangement, the following calculation must be performed:
- ((1370 x 880) x 1.0001) - (1370 x 0.25) = X
- 1,205,720.56 - 342.5 = X
- 1,205,378.06 = X
Therefore, the net present value of this lockbox arrangement is $1,205,378.06.
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Answer:
$304,720
Explanation:
According to the IRS, qualified principal residence indebtedness may include:
1) Debt incurred in order to purchase, build or improve your house or main residence, and the debt is secured by the house or principal residence (mortgage).
Or
2) Any house debt in (1) that is refinanced in order to improve, build or purchase something of your house or principal residence, e.g. you refinance your mortgage in order to build a swimming pool. The loan balance cannot exceed the original mortgage.
A fishing boat is not considered a home improvement, so the equity loan is not considered qualified residence indebtedness.
Answer:
what do you call 2 Mexicans playing basketball
Explanation:
btw it's a dad joke
Answer:
1) True
2) D. Total fixed costs
Explanation:
1) The manager's evaluation should be based on a flexible budget, so the statement is true.
The standard quantity of direct materials used should be based on actual production for a correct variance analysis.
2
) Total fixed costs remains the same when comparing a flexible budget to a master budget.
Total fixed costs do not change in total within relevant range of production.
Answer:
True
Explanation:
Form 1040 NR is a document that is filed by U.S. residents. The taxable income is filled in the document to identify tax paynment or refund. Juan is student and he is dependent on the interest income that comes from the saving which is by their parents earnings. The interest income saves the tax and there will be refund on this income. Juan should file the 1040-NR document.
