Answer:
16.59%
Explanation:
We are given the present value of the bonds, their future value and the time, we need to calculate the rate:
FV = PV (1 + rate)ⁿ
- FV = 100,000
- PV = 999.38
- n = 30
100,000 = 999.38 (1 + rate)³⁰
(1 + rate)³⁰ = 100,000 / 999.38 = 100.062
1 + rate = ³⁰√100.062 = 1.1659
rate = 1.1659 - 1 = 0.1659 or 16.59%
Answer:
700
Explanation:
The condition for maximizing profits is Marginal cost = Price.
1. We need to calculate the marginal cost, which is the first derivative of the total cost function.
- marginal cost = (TC=10000+0.04q2=) '
2. Now, we equalize the MC to the price and solve for q.
0.08q=56
q=56/0.08
<h2>
q=700</h2>
Answer:
May 20
No Entry
June 14
Dr. Dividends $255,000
Cr. Dividend Payable $255,000
July 14
Dr. Dividend Payable $255,000
Cr. Cash $255,000
July 31
Dr. Retained Earnings $255,000
Cr. Dividend $255,000
Explanation:
Dividend = $0.5 x 510,000 = $255,000
May 20
Dividend is declared, No entry is required
June 14
Dividend to be recorded on this date. As dividend is not paid yet so it will be recorded as payable and on the other hand dividend account is debited to make a contra capital account of dividend.
July 14
Dividend is paid as cash is paid so, it will be credited and the liability is reduced so, it will be debited.
July 31
At the end of the period we have to adjust the Dividend Contra capital account in retained earning to make the dividend account zero.
If you are in school or trying to get back in school they will not give you financial aid until your loan clears. You can choose loan rehabilitation, consolidation, or pay it off in full. It Takes 6 months of 6 consecutive payments to be able to re-instate for financial aid. What they can also do is hold your tax return (if you already do them) and that is called a Tax Offset. They take that money as payment for what you owe. And by they I mean collections because at this point your loan is already in Collections. The Tax Offset is held by the FBE (Federal Board of Eduction) and they take their cut and the rest pays off the remaining fees.
Answer:
$63,500
Explanation:
Calculation for What is Linda's Adjusted Gross Income (AGI)
Wages $65,000
Less Student Loan Interest ($1,500)
Adjusted Gross Income $63,500
($65,000-$1,500)
Therefore Linda's Adjusted Gross Income (AGI) will be $63,500