Answer: The correct answer is "installment accounts".
Explanation: The quality cars business model implies that customers can pay a reduced percentage of the cash price, and for the remaining balance a financing over 48 months, charging a monthly interest for that balance. Thus Quality Cars is employing<u> installment accounts</u> in its business.
Answer:
$131,000
Explanation:
The computation of the amount of quick assets is shown below:
Quick asset = Account Receivable + Cash + marketable securities
= $65,000 + $30,000 + $36,000
= $131,000
We simply added the account receivable, cash and the marketable securities so that the quick assets could come plus it contains more liquidity that converted into cash in a very short period of time and the rest of the items are ignored as there are not relevant
Answer:
I would need to invest 672,097.26 at 10.7% annual rate
If rate drops by half then the investment will be for 819,815.38
Explanation:
We are asked to to an invesmtent today to yield 1,000,000 in 40 years.
Notice this will be a lump sum not an annuity as this will be just one investment.
Amount 1,000,000.00
time 0.11
rate 40.00000
Principal at 10.7% 672,097.26
Principal at 5.35% 819,815.38
Answer:
Letter B is correct. Participation
Explanation:
Employee participation in a changing situation is effective in breaking down resistance barriers.
When an employee feels part of a process of organizational change, he or she develops a sense of belonging, appreciation of his or her capabilities, which is an important factor in breaking insecurities and resistance to change.
Answer:
$0
Explanation:
There is a provision that if the tax received on the money with respect to the valuation of the property is more than the $14,000 the same is to be taxable
Since there is $14,000 worth so no tax collection could be made on the gift amount
If the gift amount exceeds $14,000 the same is to be taxable
So the gift tax in 2016 would be $0
