Answer:
$95,196.34
Explanation:
The answer to this question depends on the answer given, but it is not showing in this case so , find the present value of all the cashflows;
Recurring cashflow ; PMT= 10,000
Total duration; N =3
Interest per year; I/Y = 12%
Future value; FV = 100,000
then CPT PV = 95,196.337
The present value of these payments is $95,196.34
If this condition arises where a business can't able to pay it's debt, creditors can expect the owner to pay the debts with their personal assets of business is called- General Partnership or Sole Proprietorship.
<h2>
What is sole proprietorship?</h2>
A sole proprietorship is an unincorporated company that is run and owned by one person. This type of business structure is the simplest because there is no legal distinction between the owner and the business.
The proprietor or dealer who owns the business uses their legal identity to carry on business. By registering a trade name with their local authority, they can also decide to conduct business under a different name.
This kind of business is the least expensive to launch. Small enterprises, independent contractors, and other people who work for themselves frequently use it because of this.
When the business owner decides or upon their passing, a sole proprietorship starts and ends.
To know more about Sole Proprietorship, refer to-
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True, the employer and employee will have to contribute to F.I.C.A and the Medicare program.
<u>Answer:Option C </u>Paid-In Capital in Excess of Par will be credited for $66,000
<u>Explanation:</u>
Given
No of shares 1,500
Par value $6
Common stock $75,000
Par value of stock = No of shares x Par value
=1500 x 6
=9,000
Excess paid in capital = Common stock - Par value
=75000-9000
=$66,000
So the Paid in capital which is excess of par value will be credited. It can also be termed as the market value of the shares. Par value will be mentioned in the share document. When there is additional paid in capital it is a credit balance in company accounts.
When cities incur expenses by doing business with entities outside of their economic base, these are called <u>Leakages</u>.
<h3>What are leakages?</h3>
These refer to the flow of cash and resources out of a local economy to other economies.
When cities engage in business with entities from outside their economy, they would be passing on cash to those entities. This cash would therefore leave the local economy which makes it a leakage.
Find out more on leakages at brainly.com/question/10344288.
