Answer:
a. Transaction 1
It is not deductible so the Taxable income is $9,000
Transaction 2
It is deductible, taxable income would be;
= 13,500 * ( 1 - Tax)
= 13,500 * ( 1 - 20%)
= $10,800
b. Transaction 1
It is not deductible so the Taxable income is $9,000
Transaction 2
It is deductible, taxable income would be;
= 13,500 * ( 1 - Tax)
= 13,500 * ( 1 - 40%)
= $8,100
Answer:
C, a decrease in the real interest rate
Explanation:
When factors such as changes in expectation, technology, demands for goods and services, etc cause in shift in the demand curve for capital, interest rates act as the determinant of the capital demand.
If the interest rates of loans are high, capital demand will be reduced but in the event that interest rates are low, capital demand is high or increases.
Cheers
<span>The statement that formal planning means specific goals are formulated and never reduced to writing but simply communicated is false.
</span><span>In opposite formal planning is type of strategic planning that includes writing of the organization's goals and objectives. The given definition refers to the informal planning. </span>
Is this an open ended question ? Or multiple choice ?
Answer:
current ratio for MARJORAM = Current asset / current liabilities
= $173,000/ $108,400
= 1.59
Explanation:
step 1 :calculate the total current asset of the company which is calculated below.
current asset
Cash $19,000
Note Receivable 35,000
Account Receivable 48,400
Inventory <u> 70,600</u>
Total <u> 173,000</u>
Note receivable is included in the current asset because its due date is less than 12 months.
step 2 : divide the current asset by the current liabilites in order to determine the current ratio
