Answer:
$30,320
Explanation:
With regards to the above, the cost of the truck would be
= Cash price $26,470 + Sales tax $1,660 + Painting and lettering $2,190
= $30,320
Answer:
c
Explanation:
Multinational market regions are groups of countries that seek mutual economic benefit from reducing interregional trade and tariff barriers.
Types of multinational market regions
- Regional Cooperation Groups.
- Free Trade Area
- Customs Union.
- Common Market
- Political Union
Answer:
3.5%
Explanation:
The quantitative theory of money (QTM) states that MV=PT (eq.1). M is the money supply, V is the velocity of circulation, P is the price of a typical transaction and T is the total number of transactions. The velocity of circulation is the number of times that a dollar changes of holder y a period. We can also write eq.1 as MV=PY (eq.2) because the cuantitative equation assumes that the valu of transactions is equal to the GDP (Y). The QTM also has two main assumptions: V is constant in the short term and Y is given by factors and technology. If we write eq.2 in a rate of change form, then we have: ΔM+ΔV=ΔP+ΔY (eq.3).
First, ΔP represents changes in prices which is know as inflation rate (given by the problem). Second, ΔY is the growth rate of real GDP (also given by the problem). Third, ΔV is the rate of change of money velocity, but in this case, velocity does not change, which means the rate of change is 0. And, ΔM is what we have to find. According to this, we have a new equation:ΔM=ΔP+ΔY (eq.4).
Then, ΔM=2%+1.5%=3.5%. The Fed should change money supply in 3.5%
The double decline balance depreciation in the second year will be $ 11,111.
Depreciation is allocated which will price a fair percentage of the depreciable quantity in every accounting duration throughout the expected useful life of the asset. Depreciation consists of the amortization of property whose useful existence is predetermined.
An example of Depreciation If a transport truck is purchased with the aid of a business enterprise with a price of Rs. 100,000 and the predicted utilization of the truck is five years, the business would possibly depreciate the asset underneath depreciation cost as Rs. 20,000 every 12 months for a length of 5 years.
Depreciation is used on an earnings announcement for nearly every business. its miles are listed as an expense, and so have to be used each time an object is calculated for year-stop tax functions or to decide the validity of the object for liquidation functions.
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Answer:
A comprehensive income statement was prepared for Concord Corporation for the year ended 2020. the income statement is given below in the explanation section.
Explanation:
Solution
Given that:
CONCORD CORPORATION
Statement of Comprehensive Income
For the year ended 2020
Sales = $1,232,000,
Cost og goods sold = $737,300
Gross profit = $494.700
Selling and administrative expenses =$338,200
Net Income =$156,500
Unrealized holding gain = $24,300
Comprehensive income =$189,800
CONCORD CORPORATION
Income Statement
For the year ended 2020
Sales = $1,232,000,
Cost of goods sold = $737,300
Gross profit = $494.700
Selling and administrative expenses =$338,200
Net Income =$156,500
CONCORD CORPORATION
Comprehensive Income Statement
For the year ended 2020
Net Income =$156,500
Unrealized holding gain = $24,300
Comprehensive income =$189,800
