In this instance, Xavier and Shawn are general partners. In this arrangement, all partners are equally responsible for the business, meaning they are both liable for any financial loss. LLC would protect their personal assets from this type of claim. Obviously, this isn't a sole proprietorship because there is more than one owner.
Answer:
ABC net income for the year is $42,500
Explanation:
Beginning total assets = $400,000
Ending total assets = $450,000
Average total assets = Beginning total assets + Ending total assets ÷ 2
= ($400,000 + $450,000) ÷ 2
= $425,000
Return on assets = 10%
Therefore,
Net income ÷ Average total assets = Return on assets
Net income = Return on assets × Average total assets
Net income = 0.1 × Average total assets
= $425,000 × 0.1
= $42,500
Answer:
Answer:
a) Monthly payment = $65.95
b) Remaining balance on her loan after making 12th payment = 11,000 - (65.95 x 12) = $10208.6
c) Interest paid in month 13 = 10208.6 * 0.5% = $51.043
Principal paid in month 13 = $65.95 - 51.043 = $14.907
Explanation:
Using financial calculator:
PV = 11,000
n = 30 years = 360 months
i/r = 6%/year = 0.5% / month
FV = 0
PMT = ? (Monthly payment = ?)
a) Monthly payment = $65.95
b) Remaining balance on her loan after making 12th payment = 11,000 - (65.95 x 12) = $10208.6
c) Interest paid in month 13 = 10208.6 * 0.5% = $51.043
Principal paid in month 13 = $65.95 - 51.043 = $14.907
Explanation:
Answer:
$559,500
Explanation:
To find Live Co.'s expected dollar cash flows at the end of this year convert the Euro and Swiss francs amounts to dollar using their respective rates and then add all of the dollar amounts.
Swiss francs in dollars:
Euros is dollars:
Dollar cash flow:
The company's expected dollar cash flows are $559,500.
