Answer:
Consider the following calculations
Explanation:
- PMT(Interest_Rate/Num_Pmt_Per_Year,Loan_Years*Num_Pmt_Per_Year,Loan_Amount)
- If you input these values on a financial calculator, PMT = 2011.56
- Balance of the loan at the end of 13 years = 209798.54
- Interest paid in the 6th year = 21464.51
- 224th Payment Principal = 722.70
The most difficult to construct.
Answer:
Option C- An income tax is progressive if the percentage of income paid as taxes increases as income increases.
Explanation:
Majorly, there are three types of Tax systems; these are: Progressive, regressive and proportional.
A tax in which the tax rate increases as the taxable amount increases is known as a progressive tax.
The term "progressive" refers to the way the tax rate progresses from low to high, such that a taxpayer's average tax rate is less than the person's marginal tax rate.
Also,a progressive tax is applicable to individual taxes or to a tax system as a whole; a year, multi-year, or lifetime. It is imposed with the aim of reducing the tax incidence of people with a lower ability to pay, as such taxes shift the incidence increasingly to those with a higher ability-to-pay.
Thus, an income tax is progressive if the percentage of income paid as taxes increases as income increases.
Answer and explanation:
Leaders are always the ones who direct teams into achieving the collective goals the group has set. On writing a formal report, the leader must identify the members capable of gathering precise data that will support the report ideas. After that information is collected, the first draft must be written with the conclusions all the team members came up with. Then, the final report must be elaborated with the approval of most parts of the team to finally handle the report to the leader so he or she can present it.
Answer:
Option C. A positive cash flow to creditors represents a net cash outflow from the firm.
Explanation:
Cash flow is simply defined as The difference realised or gotten between the number of dollars that came in and out of the company. Cash is realised or generated by firm through activities and it is either paid to creditors or paid out to owners of Firm.
Cash flow to creditors simply connote the net payments to creditors and owners during year. Often called Cash Flow to Bondholders
Mathematically, Cash Flow to Creditors = Interest - (Long Term Debt of Current Year - Long Term Debt of Previous Year).
A positive cash flow shows that cash has enter into the company thereby increasing the asset levels.
Cash flow to creditors covers the amount of profit that a company pays to the debt holders in the space of an accounting term or period.
