Answer:
PV= $8,511.40
Explanation:
Giving the following information:
Final value= 15,000
Number of years= 5 years
Interest rate= 12%
We need to calculate the present value of the $15,000. We will use the following formula:
FV= PV*(1+i)^n
Isolating PV:
PV= FV/(1+i)^n
PV= 15,000/1.12^5
PV= $8,511.40
Answer:
Eduardo and Larson enter into a partnership agreement to sell gourmet dog biscuits, but they do not specify how long it will last. Consequently, it will end: <u>whenever Eduardo, Larson or both of them decide to end it. </u>
From the list below, which is NOT an ordinary right of partners in a general partnership?
- management
- <u>dividends</u>
- representation
- joint ownership
Partnerships do not distribute dividends, only corporations distribute dividends. Partners are pass-through entities, that means that they are not taxed, the partners are taxed.
The authoritative body designated to promulgate standards concerning an accountant's association with unaudited financial statements of an entity that is not required to file financial statements with an agency regulating the issuance of the entity's securities is the: <u>accounting and review services committee</u>.
<u>Explanation</u>:
The Accounting and Review Services Committee is a committee that engages in reviewing or compiling the unaudited financial statement.
An unaudited financial statement is a document that is not submitted by an individual for verification and review process. The financial statement is said to be unaudited until they are reviewed and approved by a certified external auditor.
The accounting and review services committee are responsible for promulgating standards regarding accountant association. The auditor helps in reviewing the financial statement of the individual.
Answer:
Letter a is correct. <u>Health care.</u>
Explanation:
When looking for a job vacancy in the market, a potential candidate is always looking for companies with a high reputation in the market and that offer good benefits to the worker.
A benefit most sought after by most people is health care.
It is therefore noteworthy that this option is the most appropriate to answer the question, as the companies that offer this benefit consequently attract the best and most qualified professionals in the market.
A public good is a product or service that is available to all members within a society. This type of good is given by the government or a private individual organization without hesitation of who is allowed to use it. Roads are an example of a public good because there is no exclusion on who can drive on a public road. A private good is excludable and only certain people receive the benefits from it. A quasi-public good has characteristics of a private and public good. A. Cable television is an example of a quasi-public good. Cable TV is available to everyone but for everyone to have the TV, they have to pay for it.
