Answer:
C. $454,000.
Explanation:
We know that
The ending balance of retained earnings = Opening balance of retained earnings + net income - dividend paid
$375,000 = $0 + net income - $79,000
So, the net income would be
= $375,000 + $79,000
= $454,000
The ending balance of retained earnings - Opening balance of retained earnings is also known as increase in retained earning
The 3 activities which are part of the function of accounting includes:
- Classifying financial transactions
- interpreting financial transactions
- Recording financial transactions
Accounting (<em>including bookkeeping</em>) refers to the process of recording, preparing, analyzing and interpreting financial information or statements for future purpose.
As regards the options, 3 activities which are part of the function of accounting includes:
- Classifying financial transactions
- interpreting financial transactions
- Recording financial transactions
In conclusion, the process of accounting helps to identifies, records, classifies and communicate the company's economic events to interested users.
Missing word includes <em>"1. prioritizing financial transactions 2. classifying financial transactions 3. planning financial transactions 4. interpreting financial transactions 5. recording financial transactions"</em>
<em />
Read more about this here
<em>brainly.com/question/15393400</em>
Answer: $2.1 million
Explanation:
It is mentioned the project is independent of the outcome of general market which means that
=> beta = 0
Using the CAPM formula which is,
r=rt + B* (rm -rf)
=> r = 3% + 0*(12%-3%) = 3%
Expected value of Project in one year = $1 billions * 0.1
Expected value of Project in one year = $100 millions
NPV = Expected value of Project in one year/ (1 + 0.03) - Initial cost
NPV = 100/ (1 + 0.03) - 95
NPV = 97.1 - 95
NPV = $2.1 million
Answer:
$5,860
Explanation:
Computation for their tax savings from the preferential rate
First step is to calculate their tax liability
Using this formula
Tax liability =[Tax amount on $169,300 ordinary income-(Tax Amount on $120,300 ordinary income +Tax amount on $49,000 preferential income)]
Let plug in the formula
Tax Savings=[$35,648-($22,438+$7,350)]
Tax Savings=$35,648-$29,788
Tax Savings=$5,860
Therefore their tax savings from the preferential rate is $5,860
