Answer:
$54,639
Explanation:
the approximate amount of principal reduction when the second lease payment is made in Year 2 can be calculated by making the Lease amortization table as follows
DATA
Annual payments = 68,830
Implicit rate = 8%
Annuty factor for 4 years at 8% = 3.55710
Present value of lease payment =$246,212 (68830*3.57710
)
Year 1 Year 2
Opening balance - $177,382(w)
interest - $14,191(w)
payments $68,830 $68,830
principal payments $68,830 $54,639
closing balance $177,382(w) $122,743
Working
Closing balance = Present value of lease payment - Annual payment
Closing balance = $256,212 - $68,830
Closing balance = $177,382
Interest = closing balance x implicit rate
Interest = $177,382 x 8%
Interest = $14,190.56
A consensus method means the method of estimating when the pooled experience of managers are used to estimate the total project duration.
<h3>What is a
consensus method?</h3>
This refers to the method of determining the extent to which experts or lay people agree about a given issue.
Hence, the the method of estimating when the pooled experience of managers are used to estimate the total project duration is known as a consensus method.
Read more about consensus method
<em>brainly.com/question/15143633</em>
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Answer:
The answer is given below;
Explanation:
Temporary Difference $208,000-$154,000=$54,000
Taxable Temporary Difference=$54,000*25%=$13,500
Current Tax Expense =154,000*25%=$38,500
Please note that taxable temporary difference result in deferred tax expense and corresponding effect in deferred tax liability.
Deferred Tax Expense Dr.$13,500
Current Tax Expense Dr.$38,500
Deferred Tax liability Cr.$13,500
Current Tax Liability Cr.$38,500
Answer:
The correct answer is advertising manipulates the tastes of people and can reduce or decrease the competition.
Explanation:
Advertising is the source through which the company or the firm promote the product or a service of their business, so that the customers could be make aware of the products and the services offered by the firms.
It manipulates the taste of the people by establishing a desire and impedes the competition through increasing the perception of the product differentiation.
