Answer:
The correct option is d. $300,000
Explanation:
The computation of the net income is shown below:
= Income before adjustments + unrealized gain on trading securities - realized loss on discontinued operations
= $500,000 + $200,000 - $400,000
= $300,000
hence, the net income is $300,000
The correct option is d. $300,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
$4,800
Explanation:
property taxes are calculated using the assessed value, in this case the county will use $160,000 x 75% = $120,000
if the tax rate is 4% of assessed value, then the total property tax bill = $120,000 x 4% = $4,800
Generally, property taxes are collected by counties or municipal governments and they are used to fund school districts, libraries, fire departments, parks, etc.
Answer: 3.6%
Explanation:
The effective cost of debt is the interest rate adjusted for taxes so it is expressed by;
= Interest (1 - tax rate)
= 6% ( 1 - 40%)
= 3.6%
