They b<span>oth share responsibility and control over the property</span>
Answer:
Paco will have 335 dollars available for the car-loan
Explanation:
fromthe $490 cash flow
we should subtract the cash cost as once we obtain it through a loan we will have to handle with them as well:
490
- 60 gas
- 70 insurance
- 15 maintenance
<u> - 10 repairs </u>
335 net monthly savings after the purchase of the car.
Answer:
In an Internal Service Fund, the expectation is that:_____.
A. Each year's revenues should equal each year's expenses because the revenues are simply an allocation of that year's expenses.
Explanation:
There are two proprietary funds used in governmental accounting. One is the internal service fund. The other one is the enterprise fund. The internal service fund tracks the goods or services rendered by a service department to other governmental departments. It is established on a cost reimbursement basis. This is why the expenses for the year are expected to equal the annual revenue.
Answer:
$2,839.02
Explanation:
The computation of zero-interest offer is shown below:-
monthly payment = $25,000 ÷ 36
= $694.44
PV of loan = PMT × [1 - (1 + i) ^-n)] ÷ i
$25,000 = PMT × [1 - (1 + 0.67%) ^-36] ÷ 0.67%
PMT = $783.41
Now, the difference in monthly payment with and without interest is
= $783.41 - $694.44
= $88.96
PV of saving = $88.96 × [1 - (1 + 0.67%) ^-36] ÷ 0.67%
= $2,839.02
