Answer:
The First Bank loan has an effective rate of 7.98 percent.
Explanation:
we calcualte the effective rate for both loand and check which statement is correct.
<u>First bank:</u>
1.07977643 - 1 = 0.07977 = 7.98%
<u>Second bank:</u>
1.076798729 - 1 = 0.076798729 = 7.68%
Notice tthis isthe effective rate not the annual percentage rate.
So only the statement abour the first bank effectibe rate is true.
Answer:
Deferred Tax Liability= $564,000
Explanation:
The question is to determine the deferred tax liability to recognize by Sunland Co. at the end of the year 2017.
Step 1 :
We determine what the Income tax expense is for the year
Income tax expense= Pretax financial income x Income Tax rate
Income tax expense= $1,410,000 x 0.30 = $423,000
Step 2:
Although we recognized receivables as well as instalmental sales for reporting purposes under the accrual method. However, these will be subject to tax when we decide to recognize it in the future.
As such Deferred tax liability = Future Tax Liability
Deferred Tax liability for Sunland Co= Instalmental Sales x Income tax expense
= $1,880,000 x 0.3= $564,000
Answer:
MR = 10 – 1q1.
Explanation:
Demand function, P = 20 – 0.5Q
Q = q1 + q2
Now insert Q in the P = 20 – 0.5Q.
P = 20 – 0.5 (q1 + q2)
We have the value of q2 = 20.
P = 20 – 0.5 (q1 + q2)
P = 20 – 0.5 (q1 + 20)
P = 20 – 0.5q1 – 10
P = 10 – 0.5q1
Total revenue of firm 1, TR = Pq1
TR = 10q1 – (0.5q1)^2
Now MR is the differentiation of TR. So the MR after differentiation if TR of firm 1 is:
MR = 10 – 1q1
Answer: The parliament is likely to allocate £ 1,23,93,800.62
We arrive at the answer as follows:
Amount allocated by President Obama $100,000,000
Amount England wants to contribute 20% of President Obama's allocation
Amount England wants to contribute in USD =
Exchange Rate $1. 61371/1 pound sterling
We can read the problem as if $1.61371 is equal to 1 pound sterling, how many pound sterlings are equal to $2,00,00,000?
Let number of pound sterlings be x
So,
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