Answer:
The debit to lease payable on July 1, 2019 will be $ 670,741.31
Explanation:
According to the details, the present value lease payable as on July 1, 2018 is= $ 718,000
Also, the annual lease payments is = $ 102,641
With these details we are able to calculate the debit to lease payable on 2019, and the calculation is as follows
= ($ 718,000- $ 102,641) + 9% ( $ 718,000 - $ 102,641)
= $ 615,359 + $55382,31
= $ 670,741 July 1, 2019 debit to lease payable
Answer:
$29,000
Explanation:
The Held-to-maturity securities to be carried at amortized cost
The available-for-sale & trading securities to be carried at fair value (FV).
Therefore, the investment portfolio is reported at the following amounts:
Mann Co. $10,000 (Cost)
Kemo, Inc. $10,000 (Fair value)
Fenn Corp. $9,000 (Fair value)
Total $29,000
So, Ott's December 31, Year 1, balance sheet should report total marketable debt securities as $29,000
National Flood Insurance will allow James to recoup part of his losses.
The NFIP presently owes $20.525 billion to the U.S. Treasury, leaving $9.nine billion in borrowing authority from a $30.425 billion restriction in law. This debt is serviced by using the NFIP and hobby is paid through top rate revenues.
According to the NFIP, the following varieties of harm aren't blanketed via flood coverage: damage resulting from moisture, mold, or mold that would have been avoided by the assets proprietor or which isn't always due to the flood. Harm resulting from earth motion, although the earth movement is because of the flood.
The NFIP gives flood coverage to asset proprietors, renters, and organizations, and having this insurance enables them to get better faster whilst floodwaters recede. The NFIP works with communities required to adopt and implement floodplain management regulations that help mitigate flooding effects.
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The answer is adopting bylaws. In addition, unlike the articles of incorporation the bylaws are not public records and classically do not have to be gather in a line with any governmental unit. The bylaws will be accepted by the directors of the corporation at their first board meeting or accepted by the deed of incorporator and then accepted at the first board conference.
A wage paid based on the ability to sell a product or service is called commission. This is usually given to sales person in particular because they are the one who are facing the clients and trying to persuade them purchase their products of services.
