Bernard, the CEO of RTT Co., believes the goals of the company must be divided into smaller departmental and individual goals. T
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Answer:
See explaination and attachment.
Explanation:
An account balance sheet is a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.
A partial balance sheet is a financial instrument that is used to visualize the list of total debits and credits of the accounts and the balance of each debtor or creditor.
Please kindly refer to attachment for the Partial balance sheet .
Answer:
Present Value = $290
Explanation:
The present value of a future payment
Where r discount rate
t is the number of years until the payment will be received.
PV = Present Value = ?
FV = Payment = $4,400
r= 8.3% = 0.083
N = 20 - 6 = 14
PV = $4400 / (1 + 0.083)(20 - 6)
= $4400 / (1.083 * 14)
= $4400 / 15.162
= $290.1992
≅ $290
Present Value = $290