Answer:so u could have money for later
Explanation:
You would have money for later in a bank account so u could use it for emergencies or any little special needs
Answer:
b. $100,000
Explanation:
Provided information
Beginning balance of account receivable = $25,000
Collection from customers = $100,000
Ending balance of account receivable = $15,000
Since we have to find out the gross taxable income, so we considered only the collection from customers as this is the amount which is received and therefore, it has come under the gross taxable income i.e $100,000.
Answer:
$47,385.34
Explanation:
In this question, we use the future value formula which is shown in the spreadsheet.
The NPER represents the time period.
Given that,
Present value = $8,000
Rate of interest = 5%
NPER = 18 years
PMT = $1,000
The formula is shown below:
= -FV(Rate;NPER;PMT;PV;type)
So, after solving this, the answer would be $47,385.34
Answer:
$8.078 million
Explanation:
we must use the same time periods, so instead of using an annual discount rate, we should use a quarterly rate:
effective quarterly interest = (1 + 0.16)¹/⁴ - 1 = 0.0378 = 3.78%
dividends per quarter = 0.3 million + 0.05 million = $0.35 million
terminal value of firm in quarter 4 = 0.35 / 0.0378 = $9.26 million
present value of terminal value = $9.26 / (1.0378)⁴ = $7.983 million
present value of 4 quarterly dividends = $0.3 x 3.64879 (PVIFA, 3.78%, 4 periods) = $1.095 million
NPV = -$1 + $1.095 + $7.983 = $8.078 million
Answer:
$2467.49
Explanation:
As we know that MACRS 3-year class life category is: 33.33 percent, 44.44 percent, 14.82 percent, and 7.41 percent
We need to find the book value of the machine tool lathe, which is 3 years from now:
Book value = 54,000 - 54,000*33.33% - 54,000*44.44% - 54,000*14.82 %
= $4,001.4
The tax will be based on the profit you have from selling the machine, so:
- The profit = 12,400 - 4,001.4 = $8398.6
Therefore, our taxes are: $8398.6*0.35 = $2932.51
So, the after tax salvage value of the machine is the money you received on the sale minus the taxes you have to pay, that is:
- After tax- Salvage Value = $5,400 - $2932.51= $2467.49
Hope it will find you well.
