Balloon payment plan
Explanation:
Balloon loans are initially subject to relatively small monthly payments. Nonetheless, you must eventually pay for a big balloon.
The balloon payment is equivalent to the non-paid principal and interest accrued on a ballon hypothecary payable. The mortgage lender shall inform the creditor of the default and may begin foreclosure, when the ballon payment is not payable as due.
For example, If a person ABC takes a loan for 10 years. In this type of loan with no balloon payment, his/her entire loan will be amortised in small monthly payments till the time his/her entire loan is paid.
It describes the
ethical decision, which needs consideration, of an employee leaving his failing company and starting
his own and progressing to a level where they are competing with their previous
employers.<span>
The box states an environment where a company is faltering
and an employee has an idea who goes independently to make business of same
kind a successful one. Being in the same business the employee has a choice of contacting
the previous customers directly, the box asks the learners to see its ethical
aspects as well as consequences and choices.
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Answer:
Passion. For those uninitiated, entrepreneurs are not in it for the money. ...
Resilience. ...
Strong Sense of Self. ...
Flexibility. ...
Vision.
Explanation:
Resolute motivation and passion. The first and foremost quality of a successful entrepreneur is passion. ...
Self-discipline. This is one of the most essential characteristics of a successful entrepreneur. ...
Risk-taking ability. ...
Creative thinking. ...
Persistence.
Answer:
$13,200 per year
Explanation:
Amount incurred to improve the office space = $
Improvement expected to yield benefit = 10 years
Remaining life on it's lease = 8 years
Since the office space is not going to remain with Phoenix after the lease period, it means that the improvement expenses will be expensed over the remaining lease period I.e 8 years.
Therefore, the amount of expense that should be recorded the first year related to improvements can be calculated as;
= Amount incurred to improve the office space ÷ remaining life on its lease
= $105,600 ÷ 8
= $13,200 per year