The present value of the periodic payment of $7,317 is given by:
Therefore, <span>the decrease in notes payable that peachtree company should record in the first year is $5,216.92</span>
Answer:
11.6 years
Explanation:
When we are trying to determine how long will it take an investment to double using compound interest, the simplest way is to use the rule of 72. But the problem is that it doesn't work very well with odd numbers.
So we have to use math:
FV = PV (1 + r)ⁿ
PV = X and FV = 3X
3X = X(1 + 10%)ⁿ
3 = (1 + 0.1)ⁿ
log 3 = log 1.1ⁿ
log 3 = n x log 1.1
n = log 1.1 / log 3
n = 11.6 years
Answer:
a) Limited liability company
Explanation:
Limited liability company is one of the specific types of business structure that is followed in the United States. This structure excludes the partners or the owners to possess the liabilities of the debts and liabilities of the company. This will help the partners limiting the liabilities. An agreement is made which helps in the protection of the liabilities. The owners' personal assets are separated from the asset of the company thereby reducing the debts and liabilities.
In the given excerpt, the best advice to be given to the partners, Dave, Dan, and Darwin as an advisor would be to adopt a limited liability company. This would help them not to keep their personal assets in stake for their business.
Knowing rights and responsibilities relating to money transfers. Notifying the bank of lost credit or debit cards.
Answer: $947.50
Explanation:
The amount that Kelly can deduct will be calculated as:
Lodging = $400
Add: Meals at 50% = $95/2 = $47.50
Add: Registration = $350
Add: Transportation = $150
Total deductions = $947.50
