Answer:
The amount that Canliss borrowed is $45,459.51
Explanation:
The amount borrowed is the present value of $10,500 for five years using the discount factor applicable to each to each year as shown below
The formula for discount factor=1/(1+r)^n
r is the rate of interest on the loan which is 5%
n is the year relating to each cash flow ,for instance 1 for year one
present value of the loan=$10,500/(1+5%)^1+$10,500/(1+5%)^2+$10,500/(1+5%)^3+$10,500/(1+5%)^4+$10,500/(1+5%)^5=$45,459.51
Answer:
C
Explanation:
Firstly, we consider if the expenses is limited or not limited within the framework of the section 179.
Considering the framework, it can be seen that the expenses of $500,000 is not limited under section 179
The maximum depreciation expenses can be calculated as follows;
(600,000-500,000) * 0.1429 = 14,290
We then add the expenses of section 179 = 500,000
The value of the maximum depreciation expenses is thus 500,000 + 14,290 = 514,290
Answer:
"a nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates."
Answer:
higher than net income computed under variable costing when units produced are greater than units sold
Explanation:
Absorption costing and variable costing techniques are used to compute the accounting cost of various operation. The calculation procedures of both the techniques are different; that is why the results are different. The net income under absorption costing is higher because it takes into account the indirect expenses and indirect costs. Likewise, absorption costing technique also includes manufacturing or overhead cost.
The answer should be D if not it's A