Answer:
Date Account titles and description
20 No entry
26 No entry
31 No entry
31 No entry
Explanation:
1. Only $5,500 was submitted by Brett. No incorporated financial transaction
2. Owner not prepared to pay $5.500
3. Also Brett's provision for vehicle prices to be winterised will be $75.
4. Once Brett paid the salary ' under the table, ' the employee was willing to work $3 less per hour. Salary only fee not charged or due.
Thus, no log entry as well as T accounts have been completed.
Answer:
What will Sam have to pay for this equipment if the loan calls for semiannual payments (2 per year)
and monthly payments (12 per year)?
Compare the annual cash outflows of the two payments.
- total semiannual payments per year = $2,820.62 x 2 = $5,641.24
- total monthly payments per year = $531.13 x 12 = $6,373.56
Why does the monthly payment plan have less total cash outflow each year?
- The monthly payment has a higher total cash outflow ($6,373.56 higher than $5,641.24), it is not lower. Since the compounding period is shorter, more interest is charged.
What will Sam have to pay for this equipment if the loan calls for semiannual payments (2 per year)?
- $2,820.62 x 12 payments = $33,847.44 ($25,000 principal and $8,847.44 interests)
Explanation:
cabinet cost $25,000
interest rate 10%
we can use the present value of an annuity formula to determine the monthly payment:
present value = $25,000
PV annuity factor (5%, 12 periods) = 8.86325
payment = PV / annuity factor = $25,000 / 8.8633 = $2,820.62
present value = $25,000
PV annuity factor (0.8333%, 60 periods) = 47.06973
payment = PV / annuity factor = $25,000 / 47.06973 = $531.13
Answer:
<u>equity and efficiency</u>
Explanation:
Under the tax system there is no tax on losses. And also the losses can be carried forward and set off to profits in future.
When profits are earned the taxes are paid. After that the remaining profit is either distributed to equity or retained for future purposes.
The more efficiently the company works, higher will be the profit and higher will be the taxes.
As profit is for equity, and from that share the amount is given to tax authorities, which is some part of income, share of equity to tax.
Though it does not provide for right in company, but it is legal to pay the tax.
That is the price you pay for increasing or decreasing efficiency, in the form of income available for equity.
Massage therapist or professional Typer
