Answer:
8.13%
Explanation:
Annual return = [ (Total FV/Initial investment)^(1/n) ] -1
n = useful life of the project
Total Future Value = (22650*5) +5000
Total FV = $118,250
Initial investment = $80,000
Annual return = [ (118,250/80,000)^(1/5) ] -1
r = [ (1.478125^(1/5)] -1
r = 1.0813 - 1
r = 0.0813 or 8.13%
Answer:
$5,000
Explanation:
Money received as scholarship and used to pay for tuition or related expenses is not included in the gross income. So the $1,000 scholarship from the Thespian Club and the $4,000 scholarship from the Elks Lodge are not taxable. The only taxable income that Henry earned is the $5,000 that he was paid for being a dorm supervisor.
Answer:
Tell her that it will take a very long time
Explanation:
Briar Co. disposed of a $6,000 piece of equipment on December 31 with $4,500 in accrued depreciation as of that date. Then $1,500 will be debited from the Loss on Equipment Disposal account.
<h3>What is loss on Equipment Disposal account?</h3>
Gain/Loss on Asset Disposal is a common account name of the Equipment Disposal account.
The net difference between the initial asset cost and any cumulative depreciation (if any) is debited to the disposal account, while the balances in the fixed asset account and the accumulated depreciation are reversed.
On December 31, the debited amount is calculated as:
Therefore, $1,500 will be the amount of loss on disposal of the Equipment.
Learn more about the depreciation, refer to:
brainly.com/question/14682335
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Answer:
c. It has been fueled by trade, immigration and foreign investment
Explanation:
Globalization refers to integration of domestic economy with respect to the world economy.
Import quotas refers to the duties and taxes imposed on the imported goods.
The concept of Globalization has witnessed drastic rise over the years owing to international trade, removal of pre-existing trade barriers, immigration of personnel and foreign investment which has seen a rapid rise in multi national corporation growth around the world.
Thus, Globalization has been driven by trade, immigration and foreign investment.
