Answer:
$853.57
Explanation:
Using financial calculator, we have the following inputs:
n = 360 (months) (30x12 = 360months. Because payment is made on monthly basis)
I/Y = 0.46% / month (5.5% /12)
PV = $150,000 (The amount we need to borrrow)
FV = 0 (the value of the mortgage is nil in 30 years)
PMT = ? (This is the missing value we need to find - The monthly payment for the mortgage)
--> PMT = $853.57
Answer:
True
Explanation:
The reason is that the Internation Financial Reporting Framework says that though there are choices the company must opt to the depreciation method that brings fairness to the financial statement, which means that the method used calculates the depreciation for the year that actually represents the decrease in the value of the assets in market value. So if the current method brings the fairness to the Financial statements, Lucky can use them and if those don't bring fairness to the financial statements then its better to use alternative which will bring the fairness to financial statements.
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Using the degree of operating leverage, the estimated impact on net operating income of a 5 % increase in sales is 6.45%.
The degree of operating leverage (DOL) measures how much a company's operating income varies in response to sales fluctuations.
The DOL ratio assists analysts in determining how changes in sales affect company earnings.
Because a company with high operating leverage has a high proportion of fixed costs, a significant increase in sales can result in significant changes in profits.
If sales increase by 5%, the calculation for increased Net Operating Income is as follows:
Increase in Net Operating Income = Sales Increase x Degree of Operating Leverage
= 5% x 1.29
= 6.45%
Hence, Using the degree of operating leverage, estimated impact on net operating income of a 5 % increase in sales is 6.45%.
Learn more about operating leverage:
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<span> the equilibrium quantity of day care that is produced will be: </span><span>lower than socially optimal.
Positive externalities under this circumstances refers to the third-party that would be benefited from a certain economic transaction. In adult-day care, the third party is benefited because the people who use the services are not the one that who actually pay for the service</span>