The answer is the partnership agreement.
You would not have articles of incorporation because this is not a corporation but a partnership.
The executive summary is just a brief outline of what is to come in the document it is attached to.
The business summary would not contain this information.
the only logical answer is the partnership agreement that will list how much equity each partner is to have in the company moving forward.
Answer:
the present value is $6,372.62
Explanation:
The computation of the amount that willing to pay is shown below
As we know that
Future value = Present value × (1 + rate of interest)^number of years
$20,000 = Present value × (1 + 0.10)^20
$20,000 = Present value × 3.13842837
So, the present value is
= $20,000 ÷ 3.13842837
= $6,372.62
hence, the present value is $6,372.62
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
B)debit Interest Expense, $200; credit Interest Payable, $200
Explanation:
The adjusted journal entry for the interest expense is shown below:
Interest expense A/c Dr $200
To Interest payable $200
(Being the interest adjusted entry is recorded)
Since we have to record the interest expense from September 1 to September 30 which reflects 1 month and the computation of interest expense is shown below:
= Principal × rate × (number of month ÷ total number of months in a year)
= $40,000 × 6% × (1 ÷ 12)
= $200
Answer:
(b) Contractionary fiscal policy.
Explanation:
Correct word for the given statement is contractionary fiscal policy.
Contractionary fiscal policy is a type of monetary approach that includes expanding charges, diminishing government uses or both so as to battle inflationary weights.
Because of an expansion in charges, family units have less transfer salary to spend. Lower transfer pay diminishes utilization.
