Based on the information given his after-tax savings rate of return is 5.62%.
<h3>After-tax saving rate of return</h3>
Using this formula
After-tax savings rate=Saving rate of return×(1-Tax rate)
Where:
Saving rate of return=7.2%
Tax rate=22%
Let plug in the formula
After-tax savings rate=0.072×0.78
After-tax savings rate=0.05616×100
After-tax savings rate=5.62% (Approximately)
Inconclusion his after-tax savings rate of return is 5.62%.
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Answer:
The recognition of this event will:
not affect total assets, will decrease net income, and will decrease cash flow.
Explanation:
a) Data and Analysis:
Balance Sheet Effect:
Raw materials inventory (Assets) +$48,000
Cash (Assets) -$48,000
Net effect = $0
Income Statement Effect:
Purchase of raw materials (Cost of production) +$48,000
Net income will decrease by cost of $48,000
Statement of Cash Flows (Operating Activities)
Purchase of raw materials (Cash outflow) -$48,000
Answer:
The answer to this question is D. Commission
Explanation:
Stockbrokers are legal representatives who executes buy and sell orders for stocks and other securities on behalf of clients. The fee that the stockbroker charges for this service is called commission
Hence the answer is D. commission
Answer:
True.
Explanation:
According to the indirect method of cash flow statement, we will add net changes in working capital with net income and non-cash items.
Net income for the year $29,500
Cash flow from operation:
Add: Accounts receivable increased ($2,500)
Accounts payable increased $5,400
Cash flow provided by operating activities = $32,400
Therefore, the statement is true.
