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tankabanditka [31]
3 years ago
8

Imagine that you earned $8,425 in one year. If the government enforces a 15% income tax, how much money would you owe in taxes a

t the end of the year? Show your work.
Business
2 answers:
Alex Ar [27]3 years ago
7 0

Answer:

$1,263.75

Explanation:

Given information

Earning made in one year = $8,425

Income tax rate = 15%

By considering this information, the tax amount at the end of the year is

= Earning made in one year × income tax rate

= $8,425 × 15%

= $1,263.75

In order to determine the tax amount we simply multiplied the earnings with the income tax rate so that the approximate value could come.

AleksandrR [38]3 years ago
3 0
$7165.25 hope this help =]
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Baker's Supply imposes a payback cutoff of 3.5 years for its international investment projects. If the company has the following
sweet-ann [11.9K]

Answer:

Both projects fall within the acceptable payback period, so, both projects can be accepted.

Explanation:

Cash payback period measures how long it takes for the amount invested in a project to be recovered from the cumulative cash flows.

Pay back period For project A:

Amount invested in the project = −$ 62,000

Amount recovered in year 1 = −$ 62,000 + 7,100 = $-54,900

Amount recovered in year 2 = $-54,900 + 9,800 = $-45,100

Amount recovered in year 3 = $-45,100 + 28,700 = $-16,400

Amount recovered in year 4 = $-16,400 + 45,900 = $29,500

The amount is recovered In 3 years + 16400 / 45900 = 3.36 years

Cash payback period for project B:

Amount invested in the project = −$ 26,000

Amount recovered in year 1 = −$ 26,000 + 15,600 = $-10,400

Amount recovered in year 2 = $-10,400 + 8,400 = $-2000

Amount recovered in year 3 = $-2000 + 1,900 = $-100

Amount recovered in year 4 = $-100 + 1,100 = $1000

The amount invested is recovered In 3 years + 100/1,100 = 3.09 years.

Both projects fall within the acceptable payback period, so, both projects can be accepted.

I hope my answer helps you

7 0
3 years ago
Oscar pistorius sport personalites , descrition of the situation he faced that were negetively exploited by the media
Sav [38]
Oscar Pistorius, the sports personality, faced a situation of a murder case that negatively exploited by the media. Oscar Pistorius is a South African sprint runner who competed in Paralympic events. He was convicted as a murderer for the murder case of his girlfriend, Reeva. There were many frenzied media that distract the trial process.
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3 years ago
When interested rates are high cost less money to borrow money true or false
Andrei [34K]

Answer:

That statements is false

Explanation:

When you borrow money, interest represent the additional amount that you need to give back to the creditor. For example let's say that you borrow $1,000 with 10% interest rate per year. After one year, you need to pay back the loan with additional $100 ($1,000 x 10%) for the creditor.

This means that when the interest rate is high, it will cost you more to borrow money.

7 0
3 years ago
2. Why is the finance department of a company important? (1-2 sentences. 2.0 points) 3. Why is the marketing department of a com
snow_tiger [21]
2. The finance department is important in one company because it covers a wide range of activities from basic bookkeeping to providing financial information essential to the company's survival. Its role is to balance profit with cost also.

3. The marketing department plays a vital role in a company in representing the company's image and brand. They are the ones reaching out to customers, prospects, and investors.

4. <span>The customer service department's task is to keep the customers that the marketing department brought in satisfied. They handle problems, issues, queries that a customer may have, and the services they offer is extremely important for a company in a long-run.

5. In forming a new company, you will need to have workers and staffs in the marketing and finance department. Since a baby company will usually have a hard time entering a market, a skilled marketing staff is needed to market their products and services. To balance the cost of marketing and advertising also, you will need a proficient finance staff. With these two departments, you can slowly grow your company little by little.

6. Apple is an example of a very successful company in their chosen line of business. They offer <em>great customer service</em> and in-store experiences. They stay <em>two years ahead of their competitors</em>. They produce <em>easy to use </em>products which is, of course, a benefit to the customers. 

7. Top three reasons for the failure of a business: mismanagement - without proper planning or standards to follow a company would be in a chaos; poor accounting or financial decision making - money is what makes a business run, having inadequate knowledge in this area will seriously affect the business; location - is the location of the business convenient for customers? Your business can be great but the location also influences a company's success.

8. An example of an employee facing a conflict of interest is when he uses his position or involvement in that company for his own personal gain. To deal with this situation, a mediator or someone of higher rank can guide or supervise. Talking it out might help but to assure that such situation won't happen again, there must be sanctions or penalties imposed to the involved employee.</span>
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3 years ago
In the PACED decision-making tool, what does "E" stand for?
Lilit [14]

Answer:

The E stands for Evaluate

Hope this helps

3 0
3 years ago
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