Answer:
A. a separate schedule.
Explanation:
This is explained to be cash flow schedule or also cash flow statement. It is explained to be on out of the three financial statement which used generally to report for cash which been generated and how this money has been totally been spent within a period or interval which could be a week, month, quarter or even probably a year.
In the statement of cash flows, the cash flows are known to be generated from investing activities section while inclusion of receipts from the sale of investments. This is why in the stated 20 year payable bond, it is known to have been recorded in statement of cash flows in a separate schedule.
Answer:
The amount of interest revenue that should be reported in the first year is: $3,400
Explanation:
Jovel Company loaned another company $170,000 at a 12.0% interest rate.
Interest amount per year = $170,000 x 12.0% = $20,400
Interest amount per month = $20,400/12 = $1,700
From November 1 to December 31, Jovel Company has loaned the another company for 2 months.
The company's annual accounting period ends on December 31. The amount of interest revenue that should be reported in the first year:
$1,700 x 2 = $3,400
Marsha is single, had gross income of $50,000, and incurred the following expenses: Charitable contribution $2,000 Taxes and interest on home 7,000 Legal fees incurred in a tax dispute 1,000 Medical expenses 3,000 Penalty on early withdrawal of savings 250Her AGI is:
d. $49,750
Explanation:
- Marsha is single, had gross income of $50,000, and incurred the following expenses: Charitable contribution $2,000 Taxes and interest on home 7,000 Legal fees incurred in a tax dispute 1,000 Medical expenses 3,000 Penalty on early withdrawal of savings 250Her AGI is:
- d. $49,750
- The Interest which is used to buy or carry tax exempt securities is not deductible.
- Only 20% of the adjusted gross income limitation is applied to certain contributions made to private foundations.
- Married couple must be,filing a separate return, and their spouse is itemizing.
Answer:
$9,201.6
Explanation:
Calculation for The net present value of the proposed investment is closest to:
Using this formula
Net Present value = (Annual cost saving * PVAF) + (Salvage value * PVIF) - Cost of investment
Let plug in the formula
PVAF (10%,5 years) = 3.7908
PVIF (10%, 5 years) = 0.6209
Net Present value = ($18,000 * 3.7908) + ($8000 * 0.6209) - $64000
Net Present value = $68,234.4+$4,967.2-$64,000
Net Present value = $9,201.6
Therefore The net present value of the proposed investment is closest to:$9,201.6
Answer:
One motive that Dominic might have was that he has always wanted to become an entrepreneur and his grandmother wants him to take over the shop for her since his cake-making skills had very much improved since he started. And another motive Dominic had was that there was not a lot of jobs open for him in the area, so he was glad to help.
Explanation:
