Economics is the study of producing and

A company purchased equipment for use in the business at a cost of $15,000, one-fourth was paid in cash, and the company signed

timofeeve [1]

Answer:rr56iomivt

Explanation:

gi'opi[9[hjkjgkglo8uhuoouhiii6666666699999999999999999

8 0

1 year ago

For a not-for-profit private animal rescue agency, which account should be credited to record a gift of cash from an outside par

sesenic [268]

Answer:

Unrestricted net assets - contributions

Explanation:

Unrestricted net assets are donations made to any nonprofit organization (in this case the animal rescue agency) that can be used for unrestricted general expenses. The rescue agency can use this money for their normal day to day expenses or for whatever other expense that they consider necessary without any type of restriction.

While restricted net assets are donations that must be used for an specific purpose set by the donor.

8 0

2 years ago

Navistar Electric issued 1000 debenture bonds 2 years ago with a face value of $5,000 each and a bond interest rate of 15% per y

Natasha2012 [34]

Answer:

$7,081.25

Explanation:

Face value = 5000

Coupon = 15% paid annually. Semi annual payment = 750/2 = 375

Time to maturity = 18 years

Interest rate = 10% compounded semi-annually

P = 375(P|A, 5%, 36) + 5000(P|F, 5%, 36)

P = 375(16.58131488) + 5000(0.17265193)

P = 6217.99308 + 863.25965

P = 7081.25273

P = $7,081.25

So, the present worth of one bond today is $7,081.25

4 0

2 years ago

An insurance company has offered your friend the choice of $45,000 per year for 15 years, with the first payment being made toda

TiliK225 [7]

Answer:

$427,011.92

Explanation:

We use the present value formula i.e to be shown in the attached spreadsheet

Given that,

Future value = $0

Rate of interest = 7.5%

NPER = 15 years

PMT = $45,000

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

And, in type we write the 1 instead of 0

So, after solving this, the present value is $427,011.92

8 0

3 years ago

Match each of the following contract principles to the statement that best fits it: A. bargained-for exchange of value to the pa

AnnZ [28]

Answer:D.both parties to the contract agree on the contract terms

A.bargained-for exchange of value to the parties

C.parties' negotiated understanding of terms and intent that lead to the contract

B. the subject matter of the contract does not violate law or public policy

Explanation:D A C B 1.consideration

D A C B 2.mutal Acceptance

D A C B 3. Legality

D A C B 4. Agreement

8 0

2 years ago