Answer:
$86,700
Explanation:
The computation of the amount recorded for the machinery is shown below:
= Purchase value of the new machinery + sales tax + testing cost of new machine + delivery cost + installation cost
= $70,000 + $5,600 + $2,000 + $3,600 + $5,500
= $86,700
The sales tax is as follows
= $70,000 × 8%
= $5,600
We simply applied the above formula
<span>The answer is "states".
In the United States Constitution, Article Four defines the relationship between states, and between the states and the federal government. This "full faith and credit" includes the public acts, records and court proceedings of other states. States must recognize and respect decisions of each state's courts.</span>
It shows you're trustworthy and banks will be more willing to loan you money
Answer:
Option (B) If the market rate of interest is 10%, the bonds will issue at a discount
Explanation:
Interest rate risk is defined as the risk changing which, interest rates will affect bond prices. When current interest rates are greater than a bond's coupon rate, the bond will be sold below its face value at a discount. When interest rates are less than the coupon rate, the bond can be sold at a premium--higher than the face value.
Answer:
a. Firm M probably has a higher dividend payout ratio than Firm N.
Explanation:
The dividend payout ratio is commonly referred to a portion of the net income of the company which is paid to the various shareholders in dividends. Therefore, if we consider the statements made in the question, Firm M has a higher annual net income while the annual net income of Firm N is fluctuating, we can conclude that the dividend payout ratio of Firm M is more than that of Firm N.
