Answer:
Explanation:
Assume: The Federal Alternative Minimum Tax rate of 20%
G.R EDWIN INC $
Sales 6, 020, 000.00
Less:
Cost of goods sold 3, 060,000.00
Gross profit 2,960,000.00
Less:
Operating Expenses 2,650,000.00
Profit 310,000.00
Less: Int Expense 27,000.00
Net Profit 283,000.00
Tax liability assuming tax rate of 20%
= 283,000 * 20%
=$56,600
Answer:
A. Bill chooses to pursue a risky investment for the company's funds because his compensation will substantially rise if it succeeds.
Explanation:
An agency conflict problem usually arises when the agent (managers) do not act in the best interest of his principals (e.g. shareholders) usually because of selfish interests of the agent (manager).
I hope my answer helps you
Answer:
$1,573.27
Explanation:
We can compute an equal annual payment by using the annuity formula.
where P = the amount borrowed
r = interest rate
n = tenor (number of periods)
A = the annual equal payment
=
= 7,500 = (A * (1 - 0.6663))/0.07
= 7,500 = (A * 0.3337)/0.07
= A = 7,500*0.07/0.3337
= A = Each Annual Payment = $1,573.27.
Answer:
The amount of student loan interest can Zach and his spouse deduct in 2017 is $1,125
Explanation:
The amount of student loan interest can Zach and his spouse deduct in 2017 is $1,125
The amount of student loan interest can Zach and his spouse deduct in 2017 is
Education Expenses:
= $15,000 Incurred Expenses - $3,750 Scholarship
= $11,250
$11,250 / $15,000 = 75%
Interest Incurred:
= $950 Federal Loan Interest + $550 Lending Loan Interest
= $1, 500
$1,700 x 90% = $1,125