Answer:
Calculating the Equation
The balance sheet holds the basis of the accounting equation:
Locate the company's total assets on the balance sheet for the period.
Total all liabilities, which should be a separate listing on the balance sheet.
Locate total shareholder's equity and add the number to total liabilities.
Total assets will equal the sum of liabilities and total equity.
Explanation:
Answer:
It is important to review your bank account statement as it contains crucial financial information that can be useful for reconciling your books. Additionally,it offer timely alerts on potentially fraudulent activities and can help you avoid some banking charges.
Explanation:
Regularly reviewing your bank statement can aid you in avoiding some banking fees such as:
1. Minimum balance charges.Some accounts require a minimum balance at any given time.Failure to maintain the minimum balance which vary from bank to bank will attract a fee.
2.Overdraft charges.An individual can incur overdraft charges when you spend more money than is actually available in your bank account.
3.Returned deposit charge.This is the fee that one incurs when for a bounced cheque.
Answer:
$427,011.92
Explanation:
We use the present value formula i.e to be shown in the attached spreadsheet
Given that,
Future value = $0
Rate of interest = 7.5%
NPER = 15 years
PMT = $45,000
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
And, in type we write the 1 instead of 0
So, after solving this, the present value is $427,011.92
Answer:
PV= $450,909.1
Explanation:
Giving the following information:
Cash flow (Cf)= $24,800
Growth rate (g)= 3.5%
Discount rate (i)= 9%
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<u>To calculate the present value, we need to use the following formula:</u>
PV= Cf / (i - g)
PV= 24,800 / (0.09 - 0.035)
PV= 24,800 / 0.055
PV= $450,909.1
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