Answer: $330
Explanation:
The Net cash received is the Total Money received minus the Total money paid.
The total money paid is calculated as such,
= $1,000 x 97%( this a DISCOUNT bond meaning that it was sold for less than Par. This number signifies how much in percentage of Par it was purchased for)
= $970
$970 is the Total Amount paid.
The Total Amount Received would be,
= Principle on Maturity + Interest for 5 years
= 1,000 + 1,000(0.06) * 5 years
= $1,300
Net Cash Received is therefore,
= Total Amount Received - Total Amount Paid
= 1,300 - 970
= $330
$330 is the net cash received over the life of the bond investment.
Answer:
<em>C. The individual unit owner</em>
Explanation:
Based on what you actually own, your maintenance responsibilities for the property – and therefore your repair costs, and so on – will vary.
Normally, a unit owner is made responsible for managing all that is a part of his unit system.
For instance, if you identify a "unit" in your condominium complex to include the outside shutters on your windows, it will be your responsibility to maintain that.
If they collapse off from each other a few years after you move in, you probably won't be able to get help from the home owners association (excluding proof that they were defective at first).
Answer:
$17,400
Explanation:
Given that,
Purchased cash registers on April 1 = $18,000
Estimated useful life of asset = 5 years
Using straight line depreciation method,
Depreciation:
= (Original cost - Salvage cost) ÷ Estimated useful life
= ($18,000 - $0) ÷ 5
= $3,600 per year
Two months depreciation:
= Depreciation per year × (2 ÷ 12)
= $3,600 × (1 ÷ 6)
= $600
Book value of the cash registers on May 31:
= Original cost - Two months depreciation
= $18,000 - $600
= $17,400
Answer: operations
Explanation:
At the time when products and services are produced or provided to customers, the functional area that is responsible for ensuring that those products and services meet high quality standards is operations.
The people in the operations department are in charge of managing activities that relates to production of goods and services. Some if their functions are managing operations, embracing design, performance improvement, planning, control, and operations strategy.
Answer:
lower; higher.
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
The different types of tax include the following;
1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.
2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.
3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.
Generally, installment sales are permitted or allowed by the tax laws in a country. Typically, they are recognized in the year of sale for the purpose of financial reporting. Also, installment sales for any goods or services are to be reported in the tax return, at a later time when cash is received from the customer (buyer).
This results in a deferred tax liability because taxable income is lower than financial income in the year of sale, and higher than financial income in later years when collected.
