Answer
Financial institutions affect households and business by determining eligibility towards receiving loans. In addition to that, fees being charged by the institutions may force other individuals to find alternative financial services.
Explanation
A financial institution is a finance company that makes loans available to clients. It facilitates financial transactions with businesses and companies. Financial institutions have strict time parameters that may sometimes limit business owners when conducting transactions, for example routing of mails and internet banking. These institutions have fees that they charge that may force many business owners to find alternative financial services. Moreover, financial institutions have affected households and businesses because they determine who is eligible for a loan. For example, if a person is not approved for a loan, they will not be able to pay for housing in form of mortgage.
Payment protection insurance (PPI) is an insurance product that enables consumers to ensure repayment of credit if the borrower dies, becomes ill or disabled, loses a job, or faces other circumstances that may prevent them from earning income to service the debt.
b
Explanation:
From the lessee's perspective, in the earlier years of a lease, the use of the:
capital method will cause debt to increase, compared to the operating method.Therefore option b is correct. As in early years of lease operating method is far more beneficial then the capital method.
Answer:
$1,620,000
Explanation:
Assume that Sharp operates in an industry for which NOL carryback is allowed.
In its first three years of operations Sharp reported the following operating income (loss) amounts: 2019 $ 1,350,000 2020 (3,150,000 ) 2021 5,400,000
There were no deferred income taxes in any year. In 2020, Sharp elected to carry back its operating loss.
The enacted income tax rate was 25% in 2019 and 30% thereafter.
In its 2021 balance sheet, what amount should Sharp report as current income tax payable is the applicable tax rate for 2021 applied on the income of the year: 30% x 5,400,000 = $1,620,000
Answer:
<u>True</u>
Explanation:
Note that she specified the route she wanted, Brad<em> did not</em> ask for permission his employer Angelina.
Therefore, whatever the result of sue brought by Billy Bob against Angelina, <u>she could then passed the cost on Brad who went to another route without her permission.</u>
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