Answer:
nominal tax shield in year 10: 6,812 dollars
present value of the tax shield: 1,837.49
Explanation:
the nominal tax shield in year 10:
We look into the MACRS table for 10-years property class: 6.55%
The depreciation expense for this year is 260,000 x 6.55% = 17,030
Then this produces a tax shield of 40% 6,812
The nominal tax shield at year 10 is 6,812 dollars
considering time value of money today this tax shield is worth:
PV: 1,837.49
Answer:
the ending inventory using the LIFO method is $1,225
Explanation:
The computation of the value of the inventory using the LIFO method is shown below;
Since there are 196 closing units
So,
= 146 units × $6 + 49 units × $7
= $882 + $343
= $1,225
The $6 come from
= $882 ÷ 147 units
And, $7 comes from
= $1,372 ÷ 196 units
Hence, the ending inventory using the LIFO method is $1,225
Answer:
True.
Explanation:
Social inequality can be defined as an existence of unequal rewards and opportunities for different social status or classes within a group of people in a society.
Generally, social inequality is peculiar to a society that is grouped based on race, hierarchy of class, religion, culture and gender. A social inequality is characterized by unequal distribution of wealth, punishment, rewards, opportunities and goods or services to the various classes.
There are two main ways to measure social inequality, they are:
1. Inequality of conditions: refers to the unequal distribution of income, wealth, and material goods.
2. Inequality of opportunities: refers to the unequal distribution of life chances across individuals.