Answer:
Single step income statement
Explanation:
The single step income statement is the simplest form in which an income statement is prepared, e.g.
Revenues:
- Sales revenues $100
- Interest income $20 $120
Expenses:
- Rent expense $30
- Utilities expense $10
- Wages and salaries $60 <u>($100)</u>
Income before taxes $20
Tax expenses <u> ($4.20)</u>
Net income $15.80
A multi-step income statement is more complex, since operating revenues and costs are reported first in order to determine operating income, then other revenues and expenses are introduced and income before taxes is calculated.
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Answer:
6.53%
Explanation:
For computing the after cost of debt we need to use the RATE formula i.e to be shown in attached spreadsheet. Kindly find it below:
Given that,
Present value = $1,050.76
Future value or Face value = $1,000
PMT = 1,000 × 10% = $100
NPER = 5 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after applying this above formula
1. The pretax cost of debt is 8.70
2. And, the after tax cost of debt would be
= Pretax cost of debt × ( 1 - tax rate)
= 8.70% × ( 1 - 0.25)
= 6.53%
Answer: Work life benefits.
Explanation:
The benefit of being able to work from home with the use of enabling technologies available is known as work life benefit. Work life benefits are the benefits an employee enjoys from the organization they work for, such as: health care services, insurance covers and other form of benefits.
Answer:
B. 0.1446
Explanation:
Yield refers to the benefits or earnings realized from an investment over a particular period.
Calculation of yield considers the profits made and the amounts invested.
The amount invested in this case
The commission =$1,340.75
Costs of the shares = 258 x $73.96 =$19,081. 68
Total cost of investment
= $19,081. 68 + $1,340.75
= $20,422.43
The gain realized = $11.45 x 258
=$2,954.1
Annual yield= =$2,954.1/$20,422.43
=0.144649
=0.1446
