Explanation:
9. credit and borrowing expanding
Answer:
($9,126)
Computation for the taxable income from operations:
Effective Gross Income $52,000
Less: Operating Expenses($19,000)
Less: Capital Expenditures($2,000)
Net Operating Income $31,000
($52,000-$19,000-$2,000)
Add: CAPX $2,000
Less: Interest on Debt Service($25,126)
Less: Tax Deprecation($17,000)
Taxable Income (Loss)$(9,126)
($31,000+$2,000-$25,126-$17,000)
Therefore the taxable income from operations: is $(9,126)
here, D= debit , C= credit
D :Cash (6,000*19) =$114,000
C: Common Stock(6,000*10)= $60,000
C: Excess Capital in par value, Common stock =$54,000
D:Cash (6,000*19)= $114,000
C: Common Stock(6,000*8)= $48,000
C: Excess Capital in stated value, Common stock= $66,000
D: Cash (6,000*19)= $114,000
C: Common Stock(6,000*19)= $114,000
$ 10,737,418.23
Given:
Amount paid on the first day = $ 0.02
Amount paid on the Second day = $ 0.04
Amount paid on the third day = $ 0.08
number of days, n = 29
also,
the wages is doubling daily
therefore,
The total of the wages for 29 days will be = $ 0.02 + $ 0.04 + $ 0.08 + ....
or we can form the relation as
= $ 0.02 × ( 2⁰ + 2¹ + 2² + 2³ + ........ )
or
=
= $ 10,737,418.23