The purpose of accounting for depreciation is to allocate the cost of a tangible or physical asset over its useful life.
<h3>What is depreciation?</h3>
It should be noted that depreciation simply means the wear and tear of a product based in usage. <em>Depreciation</em> shows how much of an asset has been used.
The scope of generally accepted accounting principles aims to improve the clarity and consistency if the communication of financial information. The five principles include:
Revenue recognition.
Cost principle.
Matching principle.
Objectivity principle.
Full disclosure.
The president’s proposal is within the scope of generally accepted accounting principles. It should be noted that depreciation doesn't guarantee funds.
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Answer:
a purchase option
Explanation:
A purchase option in a real estate contract allows the buyer to purchase a property within a certain specified of time for an agreed price. For example, I have a purchase option that allows me to buy an apartment within 6 months for $150,000.
While the purchase option is valid, the seller cannot sell or transfer the property to another buyer.
Answer:
1. Lending to people of poor credit history
2. Yes
Explanation:
1. What is a "subprime mortgage,"
<em>Subprime mortgages by definition is the act of lending money to people of poor credit history or bad credit rating.</em>
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2. Would a subprime borrower be likely to pay a higher or a lower interest rate than a borrower with a better credit history?
Just like the name suggests, subprime will mean lending at a rate higher than the prime rate which means they pay higher interest rates because the fact that they have poor credit ratings or history means that they are more likely to default,
It is hence logical that since the risk of lending to them is higher, they need to compensate for that by paying a higher interest rate.
Answer:
Increasing inflation expectations will change the demand curve to the left and the supply curve to the right, resulting in a fall in the price of the equilibrium. therefore new equilibrium occurs at a reduced price
Since Nominal rate of interest = Real interest rate + Inflation rate.
As a result, the rise in expected inflation will boost the nominal rate of interest on both quick-term and lengthy-term bonds.
The longer the bond maturity, the greater the volatility in price. The longer the maturity of the bond, the larger / bigger the price change as a result of market interest rate changes. As a result, long-term capital losses will be more than short-term capital losses.
Answer:
Its strange because i got the answer of $263.50 but you don't have that option. Total Uruguayan pesos to buy
Explanation:
Total Uruguayan pesos= 5,000 Uruguayan pesos + (5,000 Uruguayan pesos multiplied by 0.05)
Total Uruguayan pesos=5,000 Uruguayan pesos + 250 Uruguayan pesos
Total Uruguayan pesos = 5,250 Uruguayan pesos
Now determine how many US dollars will it take Horace to get 5,000 pesos
US dollars needed = (5,250 Ur.$)/(19.924 Ur.$/U$S)
US dollars needed =$263,50
The amount of USD for Horace to get 5,000 pesos will be $263.50
Maybe Try this for yourself, I apologize I couldn't get a listed number, I also may have made a mistake.