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A government entered into a general government capital lease in the prior year. During the current year, a lease payment of $50,

m_a_m_a [10]

Answer:

Net increase in Capital Assets with amount of USD 38,000/-

5 0

3 years ago

is the organization providing a charitable or public service? if so, what is it? will the company still have profit to motive?

deff fn [24]

Here is the answer to your question
Hope it helps!

4 0

3 years ago

One of the necessary steps in the financial planning process is a forecast of financial statements under each alternative versio

Natalija [7]

Answer:

A) True

Explanation:

When you are elaborating a financial plan your ultimate goal is to determine in what projects or activities should your company invest its resources. In order to decide which alternative better suits your company, you must be able to compare how your company will be affected by the different options available. The only way to compare this is by forecasting different financial statements for every possible alternative that your company might choose.

6 0

3 years ago

"All three levels are required to run an organization or a business smoothy"Justify the statement.

Reika [66]

Answer:

"All three levels are required to run an organization or a business " according to my point of view it is true without anyone levels (sector) business or organization not imagine to run

5 0

3 years ago

A woman buys a house for a $320000. She pays $40000 down and takes out a mortgage at 5.7% for 20 years on the balance. Find h

sdas [7]

Answer:

$PMT= 1957.850$

Explanation:

For this case the total payment is $320000, and she pays $40000 so the remain amount to pay would be:

$320000-40000=$ 280000

For this case we assume that the annual interest rate is APR=5.7% =0.057 on fraction.

The total number of years are 20. For this case n represent the number of payments per year and since we have monthly payments then n =12.

In order to find the PMT we can use the following formula:

$PMT= \frac{P(\frac{APR}{n})}{[1-(1+\frac{APR}{n})^{-nt}]}$

On the last expression the APR needs to be on fraction and P represent the principal amount, for this case P = $280000. So if we replace we got:

$PMT= \frac{280000(\frac{0.057}{12})}{[1-(1+\frac{0.057}{12})^{-12*20}]}$

$PMT= 1957.850$

And we can verify this using the following excel function: "=PMT(0.057/12,12*20,-280000)"

3 0

3 years ago

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