He was supposed to keep 10%.
The 10% share was one of the columbus demand' when both columbus and the crown agreed to the terms for his voyage fundinsg.
But, since <span>he had been relieved of his duties as governor, the Crown no longer feel obligated to honour the term of the contract.</span>
Answer:
<em>The higher interest rate is 0.3% monthly rather than 0.7% quarterly</em>
Explanation:
<u>Equivalent Rates of Interest</u>
Rates of interest are related to time. If we are given a specific monthly rate r, it can be found an equivalent rate in another time base. But it depends on the type of interest we're working with (simple or compound)
If we have a r=0.3% per month, we can find the equivalent quarterly rate by simply multiplying by 3, if the investment is made on the simple interest type. In this case r = 0.3%*3 = 0.9% quarterly.
If we are working with compound interest, the equivalent rate is more complicated to find
(1+r)=(1+0.003)^3=1.0009003
We find
In both cases, the higher interest rate is 0.3% monthly rather than 0.7% quarterly
He should have reserved a room for him and his wife at a backpacker's inn to lessen the cost of their stay since they won't be staying there for long, anyway. Then, concerning transportation they may take the public transport in Turkey to save more money for other expenses.
Answer:
$8,000
Explanation:
Data provided in the question:
Sales = $50,000
EBIT = $10,000
Depreciation = $4,000
Increase in Fixed assets = $2,000
Tax rate = 30%
Increase in net operating income = $1,000
Now,
PAT = EBIT - Tax
= 10,000 - (30% of EBIT)
= $10,000 - (30% of $10,000)
= $10,000 - $3,000
= $7,000
Operating cash flow = PAT + depreciation
= $7,000 + $4,000
= $11,000
Therefore,
Free cash flow
= Operating cash flow - Increase in Fixed asset - Net working capital
= $11,000 - $2,000 - 1,000
= $8,000
Answer: $2500
Explanation:
The American opportunity tax credit has to do with the expenses which is paid on qualified education for a student who's eligible and this is typically for the first four years.
A maximum annual credit of $2,500 can be gotten per eligible student. Since the modified AGI of $139,220 is less than $180000 which is the limit, then they'll be eligible for $2500.