Answer:
$1,664.099
Explanation:
The amount that should be recognised by the Frank in respect of monthly payments to be made in respect of used car shall be determined using present value of annuity formula as follows:
Total amount to be paid= $72,000*3/4=$54,000
Total amount to be paid=Present value of annuity=R+R[(1-(1+i)^-n)/i]
Where
R=Equal monthly payment to be made=?
i=Interest rate compounded monthly=9/12=0.75%
n=number of payments involved=36
Present value of annuity= $54,000
$54,000=R+R[(1-(1+0.75%)^-36)/0.75%]
$54,000=R+R(31.45)
$54,000=R*32.45
R=$1,664.099=equal monthly payment
Answer:
$1,500
Explanation:
Based on the information given we were told that Eagle fills in the amount of $1,500 instead of the amount of $1,000 which Dan authorize Eagle to fill in which they went ahead to as well negotiates the check payable to First State Bank because Eagle owes First State Bank the amount of $1,500 which means that First State Bank which is an HDC, can enforce the check for the amount of $1,500 which was negotiated by Eagle to First State Bank.
Therefore First State, an HDC, can enforce the check for: $1,500
It’s a process that can be used to separate pure liquids from a mixture of liquids
If there is a budget deficit during the biennium, money can be used from the economic stabilization fund with approval of 3/5th of the members of both the Texas house and the Texas Sentae.
<h3>What is the meaning of the Senate?</h3>
The House of Representatives is the lower chamber of the United States Congress, and the United States Senate is its upper chamber. They are all members of the nationwide bicameral legislatures of both the United States.
A deliberative assembly known as a senate is frequently the upper house or chamber of such a bicameral legislature.
The majority leader is thought to be the party's most powerful senator since he or she represents the party's interests in the Senate as its top representative.
This Is one of The United States Constitution specifies the makeup and authority of the Senate. Each senator in the Senate is an official representative of a single state.
Learn more about The Senate here:
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Answer:
Dr Profit and loss account $454,000
Cr Retained earnings $454,000
Explanation:
Preparation of the Journal entry to close net income for Riverbed Corporation
Based on the information given we were told that the Corporation reports net income of the amount of $454,000 on December 31 this means the Journal entry to close the account will be recorded as:
Dr Profit and loss account $454,000
Cr Retained earnings $454,000
