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3 years ago

For each of the following accounts indicate the effect of a debit or a credit on the account and the normal balance.

Business

1 answer:

mestny [16]3 years ago

5 0

Answer:

dont be lonely

Explanation:

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What does an owner own if the duration of his or her rights in an estate cannot be determined?

kifflom [539]

The owner own the freehold estate if his or her rights in an estate cannot be determined

Explanation:

In this type the owner will not know the duration for which he or she can hold the estate and they can enjoy exclusively all the rights for an undefined length of time or period

They are of three kinds a fee simple, a fee tail, and a life estate in these type the owner can enjoy the rights for an amount of time that is not known to him and this also includes the ownership in the properties

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3 years ago

Parker Inc. is obligated to pay its creditors $33,333 very soon. If the market value of the firm's assets equals $49,700, calcul

AnnyKZ [126]

Answer:

The market value of shareholders’ equity is $16,367

Explanation:

In this question, we are asked to calculate the residual value owed to shareholders.

We proceed as follows:

Firstly, we identify the following;

Amount payable to creditors = $33,333

Market value of assets = $49,700

Mathematically,

Market value of shareholders equity = Market value of assets - Amount payable to creditors = $49,700 - $33,333 = $16,367

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4 years ago

Jake accepted a management trainee position at Opelika Resorts, a real estate development company. Corporate management believes

GarryVolchara [31]

Answer:

A. job rotation

Explanation:

Job rotation is when an employee is moved from one job role to another with the intent of making the employee familiar with all the units in the organisation.

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3 years ago

All of the following are examples of results of unethical business actions except:

lawyer [7]

Answer: A

Explanation:

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3 years ago

Read 2 more answers

On January 1, 2021, Strato Corporation borrowed $2 million from a local bank to construct a new building over the next three yea

VLD [36.1K]

Answer:

Period Installment Interest Paid Capital Paid Balance

January 1, 2021 $2,000,000

December 31, 2021 $776,067 $160,000 $616,067 $1,383,933

December 31, 2021 $776,067 $110,715 $665,352 $718,581

December 31, 2021 $776,067 $57,486 $718,581 0

Explanation:

First clearly identify the parameters of the Loan

PV = $2,000,000

N = 3

PMT = - $776,067

P/YR = 1

i = 8%

FV = $0

<u>Step 2</u>

Since there is no missing parameter, we can then move on to construct our loan amortization schedule.

Period Installment Interest Paid Capital Paid Balance

January 1, 2021 $2,000,000

December 31, 2021 $776,067 $160,000 $616,067 $1,383,933

December 31, 2021 $776,067 $110,715 $665,352 $718,581

December 31, 2021 $776,067 $57,486 $718,581 0

8 0

3 years ago