Answer:
The monthly return on this investment vehicle is 1.37%
Explanation:
A perpetuity contract is one which lasts forever, It does not any time limit. Live Forever Life Insurance Co will pay $1,600 for indefinite time on today's investment of #117,000.
Monthly return will be calculated using following formula:
Present value of Perpetuity = Perpetuity Received / Interest rate
$117,000 = $1,600 / r
r = $1,600 / $117,000
r = 1.37%
Monthly return on the perpetuity is 1.37% for this perpetuity.
Answer:
c.Unlike nonprofit organizations, for-profit organizations focus on gaining competitive advantage in the marketplace.
Explanation:
The nonprofit organization is that organizations whose aim to focus on the welfare of the society as a charity, donation, etc. It can provide services in educational, research, etc,
Whereas, Profit organization is those organization whose focuses to maximizing their profit and minimizing their cost so that it would gain a competitive advantage in the marketplace. Its focuses is to target as the general public.
Hence, option c is correct
Answer:
total liabilities = $169,008
Explanation:
total liabilities:
- Accounts Payable: $19,207
- Discount on Bonds Payable: ($7,000) ⇒ contra liability account
- Sales Tax Payable: 3,512
- FICA Tax Payable: 3,200
- Bonds Payable: 100,000
- Note Payable, due in two years 1,709
- Unearned Service Revenue 30,500 ⇒ must be reported as a liability
- Salaries and Wages Payable 17,880
to determine the total liabilities we just have to add both current and long term liabilities, and subtract any contra liability accounts = $176,008 - $7,000 = $169,008
<span>Information was used to file claims against insurance companies and government insurance, patients were pushed to take out loans to cover services, patients' credit card information was obtained and card companies were billed, patients were required to furnish bank information and electronic checks were processed by financial institutions.</span>
I need to know what the chocies are so i can answer your question
