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4 years ago

What are five things you should consider when trying to decide if you should buy or lease a car?

Business

1 answer:

Angelina_Jolie [31]4 years ago

4 0

The price the model used or new if you have a leased car if you damage it you got to pay

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Consider the data above (in billions of dollars) for an economy: Gross domesticproduct (in billions of dollars) for this economy

Usimov [2.4K]

Answer:

D) $1,200

Explanation:

Following is the data that was missing from the question.

Consumption expenditures $800

Investment expenditures $200

Government purchases $300

Exports $100

Imports $200

Wages $800

Consumption expenditures + Investment expenditures + Government purchases + (Difference between Exports and Imports)

= $800 + $200 + $300 + ( $100 - $200 )

= $1,200

7 0

3 years ago

HD had reported a deferred tax asset of $130 million with no valuation allowance. At December 31, 2021, the account balances of

oksano4ka [1.4K]

Answer:

$101 million income tax expense

Explanation:

The income tax of HD can be computed by beginning with income tax payable less the increase in deferred tax asset in the year and finally by deducting the portion of current deferred tax asset that cannot be realized as shown below:

Current income tax payable $90 million

increase in deferred tax asset($170-$130) ($40 million)

unrealized deferred tax asset ($170*30%) $51 million

income tax expense in income statement $101 million

The HD income tax expense in income statement in 2021 is $101 million as computed due to the fact that prior payment in tax ha been paid in the year

7 0

3 years ago

Michel Company owns 75% of the outstanding common stock of Aber Corp. On its current consolidated income statement, Michel Compa

Alexxx [7]

Answer:

Michel Company

On its current consolidated income statement, Michel Company should report:

the consolidated revenue and expenses of Michel Company and Aber Corp.

Explanation:

There is a 25% (100% - 75%) share for non-controlling or minority interest in the net income or loss of the Aber Corp. With this, readers of the financial statements of the parent company, Michel Company, are well-informed that only 75% of the net income or loss from the Aber Corp. actually belongs to the stockholders of Michel Company.

5 0

3 years ago

Prepare a multiple-step income statement for Armstrong Co. from the following data for the year ended December 31. Sales, $755,0

Tatiana [17]

Answer:

See explanation

Explanation:

Armstrong Co.

Multi-step Income Statement

For the year ended, December 31, 20YY

Sales $755,000

Less: Cost of merchandise sold (330,000)

Gross Profit $425,000

Less: Operating expenses

Administrative expenses $35,000

Selling expenses $50,000

Total operating expenses $85,000

Income from operation $340,000

Other revenue and expenses:

Rent Revenue $25,000

interest expense ($30,000)

Total other revenues (expenses) $(5,000)

Income before taxes $335,000

Less: Income Tax 0

Net Income (loss) $335,000

That is the appropriate way to prepare a multi-step income statement

3 0

3 years ago

Some time ago, Tracie purchased two acres of land costing $67,900. Today, that land is valued at $64,800. How long has she owned

julsineya [31]

Answer:

C) 3.09 years

Explanation:

Calculation for How long has she owned this land

Using financial calculator to calculated the number of years

I/Y = -1.5%

Present value=PV = -$67,900

PMT = 0

Fair value=FV = 64,800

First step is to Press CPT and then N, which will gives us 3.09 years

Therefore has she to owned this land for 3.09 years.

4 0

3 years ago