Answer:
Private saving $ 2,500.
Public saving $ -200.
National saving $2,300.
Investment is equal to saving = 2,300.
r = 10 percent.
Explanation:
Private saving is equal to (Y – C – T) = 10,000 – 6,000 – 1,500 = 2,500.
Public saving is equal to (T – G) = 1,500 – 1,700 = -200.
National saving is equal to (Y – C – G) = 10,000 – 6,000 – 1,700 = 2,300.
Investment is equal to saving = 2,300.
The equilibrium interest rate is found by setting investment equal to 2,300 and solving for r:
3,300 – 100r = 2,300
100r = 1,000.
r = 10 percent.
Answer:
Income tax expense of $14 million should report in the income statement
Explanation:
Southeast Airline should report the income on the basis of their earning in the year.
Earning Before Tax = $30 Million
Tax on Earning Before Tax = $30 Million x 40% = $12 million
Gain on disposal = $5 million
Tax on Gain on disposal = $5 million x 40% = 2 million
Total Income tax = $12 million + $2 million = $14 million
Another way
Total Income tax = ( $30 million + $5 million ) x 40% = $14 million
Answer:
zero
Explanation:
As it will be hold until maturity Fowler Inc will ignore the fluctuation in the fair value as have no impact in the future cash flow from the bond (coupon payment and principal at maturity) Thus, Fowler Inc will use amortized cost as a method to valuation rather than fair value through other comprehensive income
Answer:
$5,660
Explanation:
The administrative expenses in the planning budget for February would be the product of the budgeted client-visits and the Variable element per client-visit of the administrative expenses plus the Fixed Element of the administrative expenses per Month. This can therefore be calculated as follows:
Budgetted ariable administrative expenses = Budgeted client-visits * the Variable element per client-visit of the administrative expenses = 3,400 * $0.4 = $1,360
Budgetted fixed administrative expenses = $4,300
Total budgeted administrative expenses = $1,360 + $4,300 = $5,660
Therefore, the administrative expenses in the planning budget for February would be closest $5,660.
The cost object of the plantwide overhead rate method is the unit of product.
<h3>Plantwide Overhead Rate Method</h3>
- When a business allocates all of its manufacturing overhead expenses to products or cost items, it does so using a single overhead rate known as the plantwide overhead rate.
- In smaller organizations with straightforward cost structures, it is most frequently used.
- Instead of using a single plantwide overhead rate, the usual business uses a limited number of cost pools that are each allocated with a variable overhead rate.
- While doing so increases the amount of time needed to close the books, it also increases the accuracy of overhead allocation.
- As a result, there is a trade-off between the increased financial statement accuracy brought on by the additional accounting work required to track and distribute numerous cost pools.
To learn more about the Plantwide Overhead Rate Method refer to:
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