Answer:
$775.61
Explanation:
To calculate the monthly payments, you can use the following formula:
P= (r*PV/(1-((1+r)^-n))
P= Payment
PV= Present value: $17,500
r=interest rate: 6%/12= 0.5%
n= number of periods: 24
P= (0.005*$17,500)/(1-((1+0.005)^-24))
P= 87.5/0.112814
P= $775.61
The amount of the monthly payments is $775.61.
Full question attached
Answer and Explanation:
Please see answer and explanation attached
Answer:
c. Record no revaluations, bonus, or goodwill
Explanation:
As new incoming partner is giving more than the investment required it means there is some goodwill or revaluations or bonus involved which requires to be treated in the books otherwise it will be assumed that accounts are not properly reported and capital accounts will not be justified. Third option says no revaluations, bonus or goodwill will be recorded which is wrong.
<em>Answer</em>:
<u>b. farm related</u>
Explanation:
<em>Remember</em>, a Life insurance company provides a certain level of compensation in the event of loss to subscribers of it's policy, it is focused on premiums that cover persons (not farm related losses).
If it involves farm related insurance then it is not the focus area of the life insurance company.
Answer:
C) Third
Explanation:
The first meal gives you 4 units of utility for every dollar spent (= 100 utility / $25).
The second meal gives you 5 units of utility for every dollar spent (= 10 utility / $2).
The third meal gives you 10 units of utility for every dollar spent (= 50 / $5). We should choose the meal that provides us with the greatest utility per dollar.
