Answer:
The first loan for $8,000 could fall under the exemption of employer-employee loan. But then after the second is taken, that exemption would no longer apply. A minimum interest of $18,000 x 4% x 6/12 = $360 should be charged.
If the loan is considered a corporation-shareholder loan, then it doesn't qualify for any type of exemption, resulting in interests = ($8,000 x 4% x 6/12) = $160 for 2020
for 2021, interest applied = [($8,000 + $160) x 4%] + ($10,000 x 4% x 6/12) = $326.40 + $360 = $686.40
Answer:
$4,238.05
Explanation:
The computation of the present value is shown below:
Years Cash flows Discount factor @7% Present value
1 $850.00 0.9345794393 $794.39
2 $1,190.00 0.8734387283 $1,039.39
3 $1,450.00 0.8162978769 $1,183.63
4 $1,600.00 0.762895212 $1,220.63
Total present value $4,238.05
The statement is True. The multiplicities of the duality association between purchases and cash disbursements depend on the nature of the business as well as the terms of individual purchases.
Personal purchases manner a buy of products and offerings requested by using a member, or by using any worker of Conservation Halton or their circle of relatives contributors, the requirement for which isn't always for Conservation Halton or any of its functions, but is private to the man or woman asking for the purchase.
Original purchase charge approaches the fee paid through you for the motor automobile or a maximum of one hundred ten% of the market cost of the vehicle as described by way of Glass's manual Retail at time of purchase, whichever is the lesser such as all manufacturing facility equipped add-on) and after any discount given, but does no longer encompass the value of supplier-equipped add-ons, avenue fund license, new vehicle registration fee, gasoline, paintwork and/or upholstery protection kits, insurance rates together with the premium for this coverage, warranty rates, any finance arrears and one of these associated charges and any bad equity transferred from a preceding finance settlement.
Webster Jr. and Yoram Wind outline organizational shopping as the choice-making procedure by means of which formal companies set up the want for bought products and services and become aware of, examine, and pick out amongst opportunity brands and suppliers.
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Answer:
O True
Explanation:
Amortization is the gradual reduction in a value or balance of anything over a specified period. Evenly over life amortization of loan is the distribution of outstanding amount over remaining life / period. in this example $20,000 is amortized over 60 months which is 20,000 / 60 = $333.33 per month. So the statement is True.
