Answer:
$44,928,000
Explanation:
The fact that 416,000 received a refund of $3,600 each means that the tax authority would lose the interest income that could have been generated on the total refund amount based on a 3% interest rate of return.
Lost annual income=number of people who got refund*average refund per person*interest rate of return
number of people who got refund=416000
average refund per person=$3,600
the interest rate of return=3%
Lost annual income=416,000*$3,600*3%
Lost annual income=$44,928,000
The statement about the relationship between interest rates and bond prices that is true is A. There is an inverse relationship between bond prices and interest rates, and the price of long-term bonds fluctuates more than the price of short-term bonds for a given change in interest rates (assuming that the coupon rate is the same for both).
It should be noted that when there's an increase in the interest rate, the price of bonds will be low. also, a decrease in the interest rate will lead to a higher bond price.
At a particular interest rate, the price of<em> long-term bonds</em> fluctuates more than the price of short-term bonds. It should be noted that the relationship between the bond price and<em> Interest rate</em> isn't direct but rather inversely related.
In conclusion, the correct option is A.
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Answer: Depreciation is tax deductible
Explanation:
Depreciation on assets is recognized by tax authorities as an expense that a business actually incurs so when the income statement is calculated, depreciation needs to be removed as the expense that it is so that taxes can be calculated on the profit.
Depreciation however, does not take actual cash from the company i.e the company does not actually pay anyone cash for depreciation like most other expenses. It needs therefore to be added back to the Free Cash Flow because the FCF deals with how much actual cash the company has which is something that Depreciation being a non-cash expense did not reduce.
Gross income, or gross profit I think
Answer:
Letter d is correct. A waiver of breach
Explanation:
In this situation Sadie filed a waiver of the violation. This occurs when the contractor waives his legal rights in respect of any breach of contract. As was the case with Sean, a contract to replace Sadie's carpeting, which consequently damaged some of its walls, resulting in poor contract performance.
