Gross Income. Net income is after taxes have been deducted.
Answer: $68,000
Explanation:
If the inventory that remains is the $46,000 then that means that the cars costing $33,000 and $24,000 have been sold.
With specific identification, the actual prices of the stock are used so the cost of goods sold is:
= 24,000 + 33,000
= $57,000
The gross profit is therefore:
= Sales - Cost of goods sold
= 125,000 - 57,000
= $68,000
Answer:
An information is missing on this question but I found the complete details as shown below;
"A company borrows $50,000 by signing a $50,000, 8% note that requires six equal payments of
<em>10816</em> (round to the nearest dollar) at the end of each year. (The present value of an annuity of six
annual payments, discounted at 8% equals 4.6229.) "
Explanation:
An annuity payment is made in equal amounts for a specified period of time in this case 6 years.
Since the equal payments are made annually and you are given the Present value of the annuity as $50,000 & discount factor of 4.6229, divide the PV by the discount factor. The value of equal payments should be equivalent to the $<em>10816 ;</em>
<em>=50,000 / </em>4.6229
= 10815.7217
Next, round the answer to the nearest dollar;
When rounded to the nearest whole number it becomes $10,816.
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Answer:
A.you have plenty of cash flow and are looking to grow with new equipment.
Explanation:
Sana makatulong po sainyo/ihope it helps for you
Answer: $200 billion
Explanation:
First find the government spending multiplier:
Multiplier = 1 / (1 - MPC)
= 1 / (1 - 0.8)
= 5
The government wants to increase the real GDP to $19 trillion from $18 trillion which means that they want to increase it by $1 trillion.
In order to increase it by $1 trillion, the amount the government needs to spend is:
Increase in real GDP = Multiplier * Government spending
1 trillion = 5 * Government spending
Government spending = 1 trillion / 5
= $200 billion
