Answer:
b. 6 years.
Explanation:
The formula and the calculation of the payback period is presented below:
= Initial investment ÷ Net cash flow
where,
Initial investment is $263,000
And, the net cash flow = After-tax net income + depreciation expenses
= $2,000 + $1,500
= $3,500
Now placed these values in the formula above, so the period would be equal to
= ($21,000) ÷ ($3,500)
= 6 years
The contract piece of information in the sales contract does not help the parties specify exactly which property is being purchased.
As explained above, the sales contract should include buyer and seller information, legal description of the property, closing date, down payment amount, contingencies, and other important information about the sale. The essential elements of a sales contract are: (b) identify the subject; (c) prize money or its equivalent;
As a general rule, the full sales contract clause should state that the written contract constitutes the entire agreement between the parties. The clause must also state that the contract supersedes any previous agreements between the parties.
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Answer: Option C
Explanation: In simple words, statement of shareholders equity refers to financial statement which depicts the change in the equity of the company from the beginning top the end of a particular accounting year. This statement is issues as the part of the balance sheet of that year.
This statement is used by stakeholders to evaluate the management decisions regarding the sources from which capital is collected and the projects for which it is used.
Answer: Perfect Competition
Explanation:
This is a situation prevailing in a market in which buyers and sellers are so numerous and well informed that all elements of monopoly are absent.