A check given by a company for $340 in payment of liability was in the diary as $430. This item to be included on the bank as an addition to the balance per the firm's records.
<h3>What are payment liabilities?</h3>
Payment Liabilities means all Penalties other than
(i) contingent obligations of Borrower regarding which neither Agent nor any Lender has asserted a claim against Borrower, and
(ii) non-monetary commitments of performance; provided, that Payment Liabilities shall include the Letter of Credit Responsibilities
The payment of a liability reduces assets and liabilities as the liability could be paid only through paying cash or cash equivalents hence it reduces the asset when the liability is paid off then it is decreased.
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Answer:
230 days
Explanation:
The Public Trustee's Office must schedule the sale of an agricultural property with 215-230 days after the initial foreclosure action was recorded. The Public Trustee must notify the sale of the property in a local newspaper for at least 5 consecutive weeks. The Public Trustee must also mail a copy of the notice to the borrower.
Answer:
$100,000,000
Explanation:
To calculate relevant break even cost point we ignore all the sunk funds and fixed costs that have already been paid.
This includes,
R&D funds of $1 billion
Tools of $0.5 billion
Factory of $1 million
None of these are the relevant or incremental costs and thus to calculate break even for this order, they will be avoided.
The Break even cost = 50,000 * 2000 = $100,000,000
We only account for the cost of producing each additional unit that is the Marginal Cost of $2,000/missile.
Hope that helps.
Answer:
a) 1.025%
b) 1.025%
c) 1.0242%
d) 1.0242%
Explanation:
Kindly check the picture attached to see the explaination and Formula used.
Answer:
C) 4.2 years
Explanation:
The computation of the payback period is as follows;
As we know that
Payback Period = Initial cost ÷ Annual net cash flow
Here
Initial cost = $278000
Annual net cash flow = Incremental after tax + Depreciation per year
where,
Depreciation per year = (Original cost - Salvage value) ÷ Estimated Life
= ($278,000 - $30,000) ÷ 8 years
= $31,000
Annual net cash flow is
= $35000 + $31000
= $66000
So,
Payback Period is
= $278000 ÷ $66000
= 4.2 Years
