Answer:
Assets = Liabilities + Stockholders' Equity = $206,670
Explanation:
Note: See the attached excel file for the analysis of the tabular analysis of the effect of each transaction on the accounting equation.
From the attached excel file, we have:
Assets = = – $172,670 + 68,620 + $310,720 = $206,670
Liabilities = $68,620
Stockholders' Equity = $138,050
Liabilities + Stockholders' Equity = $68,620 + $138,050 = $206,670
Therefore, we have:
Assets = Liabilities + Stockholders' Equity = $206,670
Answer:
Qualify for an A.P.R. based on their creditworthiness
Explanation:
After the introductory period is over you will be set a new APR
Recreational vehicle value decreasing to $100,000
Answer:
The present value of the annuity will be 8,215
Explanation:
This will be the case of an annuity.
There is an annuity of 450 dollars, at a 5% rate for 50 years.
c= 450
rate = 0.05
time = 50
PV = $8,215.1665
rounding to nearest dollar = $8,215