Answer:
$29,648.12
Explanation:
For computing the net cash flow from the sale, first we have to compute the book value and loss or gain on sale which is shown below:
Book value on selling date = Purchase Cost - Accumulated depreciation for two years
= $62,800 × (1 - 0.2 - 0.32)
= $62,800 × 0.48
=$30,144
Now the loss on sale would be
= Book value - sale price
= $30,144 - $29,500
=$644
So, the net cash flow would be
= Sale value of fixed assets + (loss on sale of fixed assets × firm Tax rate)
= $29500 + ($644 × 23%)
= $29,500 + $148.12
= $29,648.12
Answer:
Budgeted selling and administrative expense= $38,600
Explanation:
Giving the following information:
Variable expenses are expected to be $13,400 in the first quarter, and $3,900 increments are expected in the remaining quarters of 2017. Fixed expenses are expected to be $21,300 in each quarter.
We need to determine the budgeted selling and administrative expense for the second quarter:
Budgeted selling and administrative expense= (13,400 + 3,900) + 21,300
Budgeted selling and administrative expense= $38,600
Answer:
Neither Paul nor his uncle can deduct the expenses.
Explanation:
Answer:
The answer is B. $5,270.94
Explanation:
C is the cash flow per period
i is the rate of interest
n is the frequency of payment
PV of an Annuity = C x [ (1 – (1+i)^-n) / i ]
PV of an Annuity =125 x [ (1 – (1+0.065/12)^-12*4) / 0.065/12] = $5,270.94
Options: A. Preferred B. Cumulative preferred C. Registered D. Common.
Answer:D. Common
Explanation: Common stocks are stocks which are sold either through the Stock markets or through public offerings which gives the owner a partial right to the ownership of the firm.
Common stocks owners have certain rights in Organisations which include the RIGHT TO VOTE, THE RIGHT TO ENJOY DIVIDEND etc.
Common stock is the type of stock which the majority of the investors in a corporation own.
