Answer:
generativity versus stagnation
Explanation:
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Answer:
B $3000/year
Explanation:
The minimum amount of salary that Danny should contribute to his 401(k) plan each year = 6% of his annual salary = 6/100 × $50000 = $3000/year
The lender is bearing the risk on defaulting the loan
Answer:
The aftertax salvage value of the equipment is $302,964
Explanation:
In order to calculate the aftertax salvage value of the equipment, first we would need to calculate the Book value of the equipment after 4 years as follows:
Book value of the equipment after 4 years = Purchase price *(1-depreciation rate each year)
= $2,000,000*(1-0.2-0.32-0.192-0.1152)
=$345,600
Loss on sale = $281,000-345,600
= 64600
Tax benefit on loss = $64,600*34% = $21,964
Therefore, After tax salvage value = selling price + tax benefit
= $281,000 + $21,964
=$302,964
The aftertax salvage value of the equipment is $302,964
I think it is what the person's credit score is.