Answer:
a) The after-tax cost if Isabel pays the $34,000 bill in December is equal to $24,000.
b) The after-tax cost if Isabel pays the $34,000 bill in January is equal to $21,523.
Explanation:
Note: See the attached excel file for how the answers are calculated and note the alphabets A to I for how is cell is calculated.
The contract between Timmy and Jennifer is not valid for legal claims because there are no ways to prove the terms they agreed to for the sale/purchase of the car.
<h3>What is a valid contract?</h3>
When we enter into an agreement with another person to carry out any commercial activity, we generally must create a document in which all the terms and conditions of the contract are established in order to bind both parties to comply with the contract.
If another type of contract is made, for example by telephone, spoken or other modality that does not have ways of verifying what was agreed, it can be considered as invalid contracts.
Based on the above, the contract that Jennifer made with Timmy over the phone is invalid because there is no way to check what they agreed to.
Learn more about contracts in: brainly.com/question/2669219
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Answer:
At a growth rate of 1%, price of share $2.78
At a growth rate of 3%, price of share $3.57
At a growth rate of 5%, price of share $5.00
At a growth rate of 7%, price of share $8.33
At a growth rate of 9%, price of share $25.00
Explanation:
The formula for computing share price at each growth rate is dividend/(rate of return-growth rate) as shown in the attached spreadsheet.
Note that the higher the dividend growth rate the higher the share price as share price was at the highest at a growth rate of 9%
Answer:
$142,640
Explanation:
Given that
Present value of annuity = $474,420
Discount rate = 20%
Useful life = 6
The computation of annual benefits is shown below:-
Present value of annuity = Annual Benefits × Present value of annuity factor(20%,6)
$474,420 = Annual benefits × 3.326
Annual benefits = $474,420 ÷ 3.326
=$142,640
So, for computing the annual benefits we simply applied the above formula.
Answer: File it electronically
Explanation:
Form 1040 is an Internal Service Revenue tax form that is utlized for the returns of the personal federal income tax that are filed by the residents of the United States.
Form 1040 calculates the taxpayer's total taxable income and then determines the amount that'll be paid or the amount that the government would refund.
Based on the information given, the procedures that should be used would be to prepare a Form 1040-X and then file it electronically so that Hector can make his claim.