Answer:
The multiple choices missing from the question are:
a. $60,000.
b. $50,000.
c. $57,000.
d. $59,000.
Option D,$59000 is correct
Explanation:
The recorded cost of the equipment is made of purchase cost,the sales tax since it is not recoverable,shipping cost as well as the installation cost.
The recorded cost is computed thus:
Purchase price $50,000
sales tax $4,000
shipping $3,000
installation $2,000
total cost $59,000
The rationale for including shipping and installation costs is that asset cost should include cost of bringing the asset to current location(shipping) and condition(installation)
Your answer is...............d. If you were starting college all over again, what courses would you take?
The correct answer is C) 2nd Circuit or the Federal Circuit.
Princess, who resides in the 2nd Circuit, recently found a circuit court case that is favorable to her income tax research question. The circuits that she would prefer to have issued the opinion are the 2nd Circuit or the Federal Circuit.
Princess has to go to the 2nd Circuit Court of Appeals that is located in Manhattan, New York, at the Thurgood Marshall US Courthouse. It exercises federal jurisdiction in six districts of the states of Vermont, New York, and Connecticut. The 2nd Circuit Court of Appeals was established by Congress in 1891.
Answer:
$4,900 (From simple interest method)
Explanation:
Given:
Amount invested (p) = $4,000
Interest rate for simple interest (r) = 4.5% = 4.5/100 = 0.045
Interest rate for Compound interest (i) = 4%
Number of year (t) = 5
Computation of amount from simple interest method:
Amount = p(1+rt)
Amount = $4,000[1+(0.045 × 5)]
Amount = $4,000[1+0.225]
Amount = $4,000[1.225]
Amount (from simple interest method) = $4,900
Computation of amount from compound interest method:
Therefore, Amount from simple interest method is higher .
Answer:
400
Explanation:
Given:
Face Value of the bond = $4000
The fixed rate of interest is r = 10%
If f Jennifer were not to cash in the bond tomorrow, it means she have the value of $4000 after 4 years. But tomorrow she were to cash, so the interest she lose is:
I = FV*r = 4000*10% = 400
