Answer:
Explanation:
Last-in, first-out (LIFO) means that the most recent costs are going to be used to determine the cost of goods sold. The LIFO method is very useful when the prices of your inputs or merchandise are continuously rising, for example if inflation rate increased. LIFO method is better for determining replacement costs when prices are increasing.
Mrs. Brown has to follow the provincial law regime.
<u>Explanation:</u>
- The basic difference between federal and provincial law is that federal law or the federal government enacts laws and legislation for all the state of the country while provincial laws are those laws that are for the specific province or state. Furthermore, the Federal government has the authority to enact criminal laws and enactments while the provincial law has got no such authority.
- The Canadian Federal Government is solely responsible for making laws and legislation that covers and impacts the entire country while the provincial government has the authority to make enactments which directly impacts and concerns their territory. The federal laws concern laws governing the national interest of the country including national defense, criminal law, and national postal services while health care, public education, and highways are part of provincial government legislation.
- In the given question, Mrs. Brown who is a lawyer by profession wants to create a company to operate her business activities in all provinces and territories - this is a situation which requires provincial law to be implemented since it concerns the business formation and it's operation for an individual and hence doesn't concerns the national interest of the country.
First, we need to calculate for the total return of the project by multiplying 4,930 by 65. Doing so will give us an answer of $320,450. Then, we calculate the rate of return as shown below.
rate of return = ($320,450 / $238,400) x 100%
= 134.42%
Thus, the rate of return of the said project is approximately 134.42%.
Answer:
A) deduction from net income of $24,000 and a $222,000 cash inflow from investing activities
Explanation:
The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.
The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.
The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.
When an asset is sold, the gain on disposals is a non cash items that will be deducted (or added where a loss was made on disposal) to the net income. The amount received from the disposal is recognized as an inflow in the investing section of the cash flow statement.
The gain/(loss) from disposal
= $222,000 - ($426,000 - $228,000)
= $24,000
Answer:
interest rate = 5.01%
Explanation:
p0= a = 1000
p1= b = 2400
amount = c= -3623
rate = ?
Because the first amount is investment for a period of 2 years, and the second 1 year, we can solve for rate using the quadratic equation:
A = 1000
B = 2400
C = -3623
x1 = 1.0501111083677623
x2 = -3.4501111083677625
We use the positive root:
x1 = 1.0501111083677623 = (1+r)
1.0501111083677623 - 1 = r = 0.0501111 = 5.01%
EDIT several problems with the math tool but kind of worked
