Answer: B.
Explanation: Contributions to individuals, foreign governments, foreign charities, and certain private foundations similarly are not deductible.
The purpose of money is to be able to purchase the things you may need or want.
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Answer:
A. 1.59%
Explanation:
Return on equity is a measure of profitability of a company in relation to the equity which is assets less liabilities.
Using Du Point analysis,
ROE = Net profit margin × Asset Turnover × Equity multiplier.
Therefore,
ROE of A = 2.2 × 1.7 × 5.0
= 18.7%
For ROE of B to match A
Asset turn over of B = ROE of A / profit margin of B × equity multiplier of B.
NOTE:
This was gotten from from equating ROE of A to ROE of B and making asset turn over of B subject of the formula.
Therefore,
Given that,
ROE of A = 18.7%
Profit margin of B = 2.5%
Equity multiplier of B = 4.7
We then have,
Asset turnover of B = 18.7 ÷ ( 2.5 × 4.7)
= 18.7 ÷ 11.75
=1.59 %
Therefore B needs 1.59% asset turn over to match manufacturers A ROE
Answer:
D. Net National product (NNP)
Explanation:
Net National Product
The NNP is the net market value of a nation’s produced goods and services. It deducts from GNP the capital consumption allowances of the existing capital stock over the course of the accounting period. The production of GNP (a nation's or country's produced goods) causes wear and tear on the existing capital stock, e.g., machines wear out as they are used. Therefore, depreciation is a measure of the part of GNP that has to be set aside to maintain the productive capacity of the economy, and we subtract that from GNP to obtain NNP.
Thus
NNP = GNP - Depreciation
Answer:
$60,000
Explanation:
Hansen's annual salary allowance= 30,000
Hernandez's annual salary allowance= 10,000
annual interest allowance of Hensen= 0.1 × 50,000= 5000
annual interest allowance of Hernandez= 0.1 × 50,000= 5000
Remaining balance=100000- 5000-5000-30000-10000= 50000
Share of each partner from remaining balance= 25000
Hensen's income= 25,000+ 5000+ 30000= 60,000
