Answer:
Present Value of Annuity is $1,263,487
Explanation:
A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity.
Formula for Present value of annuity is as follow
PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]
Where
P = Annual payment = $91,000
r = rate of return = 5.15%
n = number of years = 25 years
PV of annuity = $91,000 x [ ( 1- ( 1+ 0.0515 )^-25 ) / 0.0515 ]
PV of Annuity = $1,263,487
Answer:
The answer is: Rawl Co. should recognize the related revenue evenly over the contract year as the services are performed.
Explanation:
According to the conservatism principle, Rawl Co. should record revenues and assets only when you are sure that they will occur. So they should record revenue only as the service is provided on a monthly basis.
It should determine the monthly payment = $540 / 12 = $45 per month.
So at the end of every month, it should recognize $45 as revenue.
1) The most permanent type of business organization is a Corporation.
It<span> is a company or group of people or an organisation authorized to act as
a single entity (legally a person) and recognized as such in law.
</span><span>2) Quasi-contracts are based on the theory of Equity. </span><span>A quasi-contract is a
fictional contract that was created by courts to promote equitable
treatment. It is not an actual, legally-binding document, but instead a legal
substitute for a contract that is formed to impose equity between two
distinct parties.
3) </span>The object of the contract must be lawful.. T<span>he </span>object<span> of a </span>contract must
be lawful<span> when the </span>contract<span> is made, and possible and ascertainable by
the time the </span>contract is to<span> be performed.</span>
This accusation is incorrect.
Answer:
Tangibles (or tangibility)
Explanation:
When we say tangibles as a service quality dimension, we are referring to:
- how the physical place or facility looks like (e.g. is the store clean, nicely decorated, etc.),
- the perceived quality of the equipment (e.g. the gym uses high quality exercise machines),
- are your employees fit for the job (e.g. the employees were kind and helpful, they could answer the customers' questions),
- can your customers understand what you are trying to say to them or communicate to them? (e.g. does the store have signs that clearly differentiate the different clothing sectors?)
