Answer:
(C) A perpetuity is a series of regularly timed, equal cash flows that is assumed to continue Indefinitely Into the future.
Explanation:
a false
the principal is never repaid on a perpetuity
d false the perpetuity is for an indefinite period of time.
definition:
the perpetuity consist in a principal which yield a return over time indefinite. this return do not include any amortization in the principal neither principal installment are done through the investment or loan life
Answer:
$72,000
Explanation:
Annual depreciation = $360,000 ÷ 5 = $72,000
Based on the recognition principle in accounting which states that expenses should be recognized when they are incurred and incomes recognized when they are earned, Popeye should record $72,000 as depreciation expense for 2021.
Answer:
Annual increase in price=3.3%
Explanation:
Using the cumulative average growth formula, we can compute the average annual increase as follows;
Average annual increase =( Recent price/Initial price)^1/(n-1)
Initial price =$27,358. 8
Recent price = $21,808
n=8
Average annual increase= (27,358. 8/21,808)^(1/(8-1))=3.3%
Annual increase in price
Answer
A, $23196
Explanation:
The cost of goods sold is the difference between the sales and the gross profit amount. We normally calculate Gross profit by deducting Cost of goods sold from the sales amount. However, in this case we will do the reverse working and deduct Gross profit from sales revenue to arrive at cost of goods sold.
Sales - Gross profit = Cost of goods sold
59387 - 36191 = $23196
Answer: If you've been a victim of identity theft, you should order a credit report after contacting the company that reported the suspicious charge and issuing a credit fraud report (option b)
Explanation:
The credit report is separated into sections like
:
Identifying information like (name, address, date of birth, social security number)
Employment history
A consumer report (if you have added any credit account information)
A list of public records
Recent inquires
You will be provided with all the credit card activity that has been done in the past and will help you identify the suspicious transaction that you did not approve