Answer:
A) I only:
I) To avoid paying taxes
Explanation:
If a business's sales and/or receivables are understated, they will pay less taxes. A company pays taxes based on their total sales (state sales tax) and net income (federal taxes). Even if you do not pay sales tax in your state, your net profit is calculated based on your total sales. They can also reduce receivables by considering them uncollectible even if they aren't, that way their total sales will lower.
Answer:
The imprest system is a form of financial accounting. The most common is petty cash.
Answer:
The amount of the loan was $ 13,953.48.
Explanation:
To determine what is the loan amount if the interest rate is 7.5% per year and the monthly interest payment is $ 1,250, the following calculation must be performed:
1250 x 12 = 15,000
1,075X = 15,000
X = 15,000 / 1,075
X = 13,953.48
Therefore, the amount of the loan was $ 13,953.48.
Answer:
Indifference amount= $17,237.58
Explanation:
Giving the following information:
Suppose you the alternative of receiving either $22,000 at the end of five years or P dollars today.
We need to find the present value of $22,000 at an interest rate of 5%.
PV= FV/(1+i)^n
PV= 22,000/ 1.05^5= $17,237.58
