Answer:
$70,248
Explanation:
Calculation for the amount at which Field should record the note receivable and corresponding sales revenue on June 30, 2016
Using financial calculator to determine the PV of Note
Using this formula
PV of Note = Future value x PVF (i%, n)
Where,
Future value=85,000
n=2 year(2016-2018)
i= 10%
Let plug in the formula
PV Note= 85,000 x PVF (10%, 2)
PV Note= 85,000 x 0.82645
PV Note= $70,248
Therefore the amount at which Field should record the note receivable and corresponding sales revenue on June 30, 2016 is $70,248
Answer:
1. TRUE.
A corporation truly is separate from its owners.
2. TRUE.
As a result of this separation, it has most of the rights and privileges of a person.
3. FALSE.
Most of the largest American companies are public held corporations which is how they got the resources needed for expansion.
4. TRUE.
As corporations are separate entities, they can do all these things.
5. FALSE.
The net income of a corporation is taxed as separate from the income of the owners.
6. FALSE.
Creditors only have a legal claim to the assets of the corporation and not its owners because they are separate entities.
7. FALSE.
The transfer of stock requires the permission of the stockholder selling the stock and the party buying. This is a two party transaction that does not require company approval.
8. FALSE.
The shareholders own the corporation. The Board of Directors simply represent the shareholders.
9. TRUE.
The Chief Accounting Officer truly is the controller.
10 . FALSE.
Corporations are subject to more regulations than partnerships and proprietorships.
Answer:
Project 1
Explanation:
The computation of the payback period is shown below:
As we know that
Payback period = Initial investment ÷ Net cash flow
For project 1
The payback period would be
= $60,000 ÷ $20,000
= 3 years
For project 2
The payback period would be
= $80,000 ÷ $20,000
= 4 years
Based on the payback period, project 1 should be chosen as the initial amount would be recovered in 3 years instead of 4 years shown in project 2
Hey ur answer should be C
I hope this helped
Answer:
Traditional Women
Explanation:
The reason is that the women who take the responsibility of taking care of their house and children represents the traditional class of women. These women are also known as house wife in our society. In this question, Catherine takes the role and responsibility because she takes care of her family and house related issues which matches the role and responsibilities of a traditional women so this is the Traditional women is the right answer.