Answer: c. Grave first
Explanation:
In dissolving a limited partnership business all creditors are paid first.
The formula is
I=prt
I interest due ?
P principle 3500
R interest rate 0.05
T time 1 year
I=3,500×0.05×1
I=175
Answer:
$18,117.58
Explanation:
the question requires that we find the minimum price Hank would need to receive his first car.
loan = $28,000
rate = 0.08/12 = 0.0067
the monthly payment can be calculated as:
loan /[0.0067/1-(1/(0.0067)^60))]
= 28000/[1-1/(1.0067^60)/0.0067]
= 28000/(1-(1/1.0067)^60)/0.0067
= $567.74
The minimum price can be calculated as:
pmt = 567.74 x [(1-(1/1.0067^36))/0.0067) x 0.0067
= $18,117.58
Answer:
Check the explanation
Explanation:
the 2018 net income for company A, B and C
Company A:
Depreciation expense 11250 = (50000-5000)/4
Net income 28750 = 40000-11250
Company B:
Depreciation expense 25000 = 50000*50%i.e 0.5
Net income 15000 = 40000-25000
Company C:
Depreciation expense 14850 =(50000-5000)/200000*66000
Net income 25150 =40000-14850