Answer:
$10,427
Explanation:
With a total salary of $14,900, each month an amount is withheld in income tax and state tax of $2,740 and $880.
Hence the amount left after taxes is $11,280.
Now deducting the 6.2% and the 1.45% from the $11,280, Joe is only left with $10,427 as his salary.
Thank You.
Answer:
A business idea is a concept that could be used to make money, and an opportunity has proven commercial value. The difference between an idea and an opportunity is crucial to avoid wasting significant time and money.
Explanation:
Answer:
$1,776.06
Explanation:
The price of LED television after 3 years will be the equivalent of the current value of $2300 discounted at 9 % for 3 years.
The presented value will FV/(1+r)n
PV =$2300
r=9%
n=3 years
PV=$2300 / (1+9/100)3
=$2300 / (1 + 0.09)3
=$2300/1.2950
=$1,776.06
Answer:
a) A gain will be recognized in the consolidated income statement in 2019.
Explanation:
As the land is sold to a subsidiary it will be considered intra-entity thus, eliminated in the consolidated income statement of 2016
the gain of both entities (from parent to subsidiary and to subsidiary to third party) will be recognized at 2019 when an external entity purchases the land
Answer:
True
Explanation:
Collateral is an asset used as a guarantee or security for the payment of a loan. It assures the lender that a borrower will pay back the loan.
If an entrepreneur applies for a business loan, the bank will most likely demand collateral. The entrepreneur will need to offer an asset, either property or motor vehicle, that will act as a guarantee for the loan. Should the entrepreneur fail in repayment, the bank can sell the asset to recover their money.
Few, if any, will lend anyone money based on a business idea alone. Many banks will demand a business proposal to be backed with some guarantee to secure funding.
