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3 years ago

The impairment rule for goodwill involves how many steps?(a)1(b)2(c)3(d)4

Business

1 answer:

Kobotan [32]3 years ago

7 0

Answer: 2 steps

Explanation: While calculating impairment of goodwill following steps should be taken :-

1.In the first step the fair value of the goodwill is compared with its carrying value.

2. In the second step, if the fair value comes to be lower than the carrying value, then it is concluded that there is an impairment and then it is computed accordingly.

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You estimate that by the time you retire in 35 years, you will have accumulated savings of $2.9 million. a. If the interest rate

ivann1987 [24]

Answer:

$338,805.68

Explanation:

The computation of the amount of annual level of expenditure is shown below

Here we use the PMT formula

Given that

NPER = 15

RATE = 8%

FV = $0

PV = $2,900,000

The formula is shown below:

= PMT(RATE, NPER,-PV,FV,TYPE)

The present value comes in negative

After applying the above formula, the amount of annual level of expenditure is $338,805.68

3 0

3 years ago

Marcus can afford a monthly mortgage payment of $900. if he is eligible for a 30-year, 5% mortgage (where the mortgage factor is

mamaluj [8]

Answer: Marcus can afford a loan of $167,597.76.

The mortgage factor tells us the monthly principal and interest rate payable for each $1000 of a loan.

Since we know the mortgage factor and the amount Marcus can make each month, we can determine the number of $1000 in his loan amount.

We do this by $\frac{900}{5.37} = 167.5977654$

This means that Marcus' loan will have 167.5977654 thousands.

Therefore we can find the amount of mortgage loan as

$167.5977654 * 1000 = 167597.7654$

6 0

4 years ago

Select the correct answer.

34kurt

Answer:

I would say B

Explanation:

because like you need to be nice to everybody like its just the right thing to do and plus those existing customers might just be the ones who help u along the way u never know

hoped this helped lmk if it did

4 0

3 years ago

If you are in the 28% tax bracket and owe $20,000 on $100,000 of taxable income, your average tax rate and marginal tax rate wou

Zepler [3.9K]

A person, who is in the 28% tax bracket and owes $20,000 on $100,000 of taxable income, has <u>d. 20% for average and 28% for marginal.</u>

<h3>What are average and marginal tax rates?</h3>

The average tax rate is the product of tax liability over taxable income, multiplied by 100. The marginal tax rate is the product of the additional tax paid over additional taxable income, multiplied by 100.

<h3>Data and Calculations:</h3>

Tax bracket = 28%

Taxable income = $100,000

Tax liability = $20,000

Average tax rate = 20% ($20,000/$100,000 x 100)

Marginal tax rate = 28%

<h3>Answer Options:</h3>

a. 24% for average and 28% for marginal

b. 28% for both

c. Impossible to determine

d. 20% for average and 28% for marginal

Thus, a person, who is in the 28% tax bracket and owes $20,000 on $100,000 of taxable income, has <u>d. 20% for average and 28% for marginal</u>.

Learn more about marginal tax rates at brainly.com/question/25641320

5 0

3 years ago

What are capital gains and how does the government encourage investing?

Ratling [72]

Capital gain is a rise in the value of a capital asset (investment or real estate) that gives it a higher worth than the purchase price. The government encourages investment by setting the capital gains tax rate below the normal income tax rate.

3 0

3 years ago