A benifit on which you pay no taxes is you would save money so you can pay rent care for your younglings (optional??????) if thats not what the question means here is another reason if we didnt pay taxes we would have more money to spend to enjoy life and get more things AKA a portable to connect with soicity a nicer house good quality food etc
Answer:
Debit Credit
Cash $18,468
Sales $18,468
(Being Cash sales made.)
Sales Commission Expense 79
Cash 79
(Being commission paid on sales.)
So thus the balance of cash book = $18468 - 79 = $18,389
Explanation:
Answer:
Total PV= $790,228.23
Explanation:
Giving the following information:
Annual payment= $50,000
Number of periods= 10 years
Annual payment= $100,000
Number of periods= 5 years
Discount rate= 9% = 0.09
<u>First, we need to calculate the future value of each annual payment:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual paymeny
First 10 years:
FV= {50,000*[(1.09^10) - 1]} / 0.09
FV= $759,646.49
Next 5 years:
FV= {100,000*[(1.09^5) - 1]} / 0.09
FV= $1,709,582.17
<u>Now, the present value of the prize:</u>
PV= FV/(1+i)^n
First 10 years:
PV= 759,646.49/(1.09^10)
PV= $320,882.89
Next 5 years:
PV= 1,709,582.17/(1.09^15)
PV= 469,345.34
Total PV= $790,228.23
Answer:
Cobb Company
<u>Responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2020.</u>
Report to product manager budget over (under)
Contribution margin $669,000 $16,225
Dirrect fixed cost -<u>$298,200</u> -<u>$5,000</u>
Product margin <u>$370,800</u> <u> $11,225</u>
Explanation:
In preparing reponsibility report, the difference between actual and budgeted is reported as over or under depending on if the item is an income or expense item. If the item is an income item, example, contribution margin, the difference between budget and actual is over when actual value is higher than budgeted.