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STatiana [176]
3 years ago
6

What is a personal financial statement?

Business
1 answer:
shusha [124]3 years ago
4 0
A report sketching out an individual's monetary position at a certain period of time.
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Fishermen’s Corp. is considering purchasing a boat. If the boat was purchased, it is expected to receive $20,000 at the end of t
ozzi

Answer:

The boat today is worth 100,440 dollars

Explanation:

We need to solve for the present value of the payment Fishermen's Corp will receive for the boat:

We will apply the formula for lump sum to each \frac{Maturity}{(1 + rate)^{time} } = PV  

cash flow and then add them together

\frac{20,000}{(1 + 0.08)^{1} } = PV  

\frac{40,000}{(1 + 0.08)^{2} } = PV  

\frac{60,000}{(1 + 0.08)^{3} } = PV  

Year Nominal     Present Value

1 20000  18, 518

2 40000 34,293

3 60000 47,630

TOTAL            100,441

5 0
3 years ago
Document that prohibits sharing information with anyone else?
mamaluj [8]

Answer:

RODO (GDPR) – Rozporządzenie o Ochronie Danych Osobowych.

Explanation:

Celem regulacji jest zapewnienie swobodnego przepływu danych osobowy ch pomiędzy państwami członkowskimi, ale także wprowadzenie zasad, zgodnie z którymi przetwarzanie danych osobowych będzie ujednolicone na terenie cał.ej Unii Europejs..kiej

7 0
2 years ago
Petroski Natural Dying Corporation measures its activity in terms of skeins of yarn dyed. Last month, the budgeted level of acti
guapka [62]

Answer:

$577 Unfavorable

Explanation:

The calculation of spending variance for dye costs is shown below:-

Spending variance for dye cost = (Standard rate - Actual variable) × Actual units

= ($0.67 - $13,910 ÷ 19,900) × 19,900

= (0.67 - 0.69899) × 19,900

= $577 Unfavorable

Therefore for computing the spending variance for dye costs we simply applied the above formula.

4 0
3 years ago
True/False: The most accurate method to calculate the amounts in a budget is to apply a specific percentage of increase or decre
Dafna11 [192]

Answer: The Answer is False

Explanation: Your welcome :)

7 0
2 years ago
Read 2 more answers
Hailey Wilson loves to cook and receives unqualified praise whenever she prepares a meal for someone. Encouraged by these compli
beks73 [17]

Answer:

.E. sole proprietorship.

Explanation:

A sole proprietorship, also known as the sole trader, individual entrepreneurship, or proprietorship, is a type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity. Sole Proprietorship examples include small businesses, such as a single person art studio, a local grocery, or an IT consultation service. The moment you start offering goods and services to others, you form a Sole Proprietorship. It's that simple. Legally, there is no distinction between you and your business.

5 0
2 years ago
Read 2 more answers
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