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Answer:
The amount of the impairment loss for this asset is <u>$110,000</u>
Explanation:
A assets is impaired when the fair market value of that assets lowers than the book value of the asset.
To calculate the impairment of an assets following formula is used
Impairent = Book value of Asset - fair market value of the asset
Placing values in the formula
Impairent = $700,000 - $590,000
Impairent = <u>$110,000</u>
Answer:
<em>It will take 9 months longer to repay this loan</em>
Explanation:
<u>Financial Loan Payments</u>
Let's assume a loan has been received for a present value PV at an interest rate i during n periods. Being R the amount of each payment, then

Solving for n we have

The first agreement of payment has the following data



Computing n


The new agreement changes R to 225, thus


This means that it will take 9 months longer to repay this loan
Some of the steps in creating a company include:
- Selecting a unique name.
- Making a financial plan and creation of a budget.
- Creation of vision and mission statement.
- Registration of the company with the government.
The advertising for the company would have to target an audience based on either demographics or income range or on the type of jobs they do that would require them to use your product.
The use of a marketing mix which includes the price, promotion, place, product, and people would be to make the best pricing available and also be in a strategic location, meeting the demand of people's needs.
<h3>What is Advertising?</h3>
This refers to the creation of public awareness for a particular brand of products or services to get them to buy.
Read more about advertising here:
brainly.com/question/25528284
The aspect of the SMART goal that is missing is that of TARGET DATE.
SMART goals refers to goals that are Specific, Measurable, Attainable, Result oriented and Time bound. The aspect of the time bound was not included in the scenario given in the question.