Perpetuities are also called annuities with an extended or unlimited life. based on your understanding of perpetuities, answer the following questions. which of the following are characteristics of a perpetuity? check all that apply.
(a) the principal amount of a perpetuity is repaid as a lump-sum amount
(b) in a perpetuity, returns-m the form of a series of identical cash flows-are earned.
(c) a perpetuity is a series of regularly timed, equal cash flows that is assumed to continue indefinitely into the future.
(d) a perpetuity continues for a fixed time period.

When color is used on a topographical drawing, black is used to represent what?

Amanda rice has just arranged to purchase a $640,000 vacation home in the bahamas with a 20 percent down payment. the mortgage has a 7 percent apr compounded monthly and calls for equal monthly payments over the next 30 years. her first payment will be due one month from now. however, the mortgage has an eight-year balloon payment, meaning that the balance of the loan must be paid off at the end of year 8. there were no other transaction costs or finance charges. how much will amanda’s balloon payment be in eight years

For each separate case below, follow the 3-step process for adjusting the prepaid asset account at december 31. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2. assume no other adjusting entries are made during the year. a. prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. prepaid insurance. the prepaid insurance account has a $5,890 debit balance at the start of the year. a review of insurance policies and payments shows $1,040 of insurance has expired by year-end. c.prepaidrent.onseptember1ofthecurrentyear,thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. the company debited prepaid rent and credited cash for $24,000.