Answer:
The investor profit will be $85
Explanation:
Kindly check attached picture for detailed calculation
Answer:
A) the bond's yield to maturity is equal to its coupon rate
Explanation:
If the bonds yield to maturity is equal to its coupon rate it means that the interest paid by the buyers on the face value of the bond is equal to the internal rate of return for the present value of future cash flow. Only in this scenario, a bond is traded at its face or par value.
Answer:
Journal entry to record wages expense and wages payable
Explanation:
As the company incurred no cost related to these earnings for federal unemployment tax so it would be excluded from wages and salaries expense
Entry DEBIT CREDIT
Salaries and wages Expense $68,000
Social Security(FICA) $5,202
Federal income tax $14,700
State income tax $6,300
union dues $900
Salaries and wages payable $40,898
Answer:
Income tax expense of $14 million should report in the income statement
Explanation:
Southeast Airline should report the income on the basis of their earning in the year.
Earning Before Tax = $30 Million
Tax on Earning Before Tax = $30 Million x 40% = $12 million
Gain on disposal = $5 million
Tax on Gain on disposal = $5 million x 40% = 2 million
Total Income tax = $12 million + $2 million = $14 million
Another way
Total Income tax = ( $30 million + $5 million ) x 40% = $14 million
Answer:
Earning Before Interest and Taxes $3,704
Explanation:
Sales (2,200 * 16.25) 35,750
Less: Variable Costs (2,200 * 8.43) <u>(18,546)</u>
Contribution Margin 17,204
Less: Fixed Cost (9,500)
Depreciation Expense <u>(4,000)</u>
Earning Before Interest and Taxes <u>$3,704</u>
