Answer:
$3,000 credit
Explanation:
Given the followin currency exchange rates for 1 rand are as follows:
January 1 $0.25 = 1 rand
Average for the year 0.28 = 1
December 31 0.31 = 1
Net income conversion Investment using January 1 rate = 50,000 rand × $0.25 = $12,500
Net income conversion Investment using December 31 rate = 50,000 rand × $0.31 = $15,500
Credit (Debit) = $15,500 - $12,500 =$3,000
Therefore, the translation adjustment that Yang will report at the end of the current year is $3,000 credit since the difference is positive.
Answer:
<u>Monthly housing payment 2,033.22</u>
Explanation:
We need to calculate the monthly cuota of the mortgage
It will be the cuota of a 30 year annuity at 7.5 rate
We should convert the year in month and the rate in monthly, because the payment are monthly.
time= 30 year so 30 x 12 = 360 months
rate = 0.075 / 12 = 0.00625 monthly
Present Value = 225,000
C = $1,573.23
Now we will calculate the propert taxes, insurance per month
2,050 / 12 = 170.83
530 / 12 = 44.16
1,573.23 + 170.83 + 44.16 + 245 = 2,033.22
Answer:
Confidence interval for the mean amount = 54+1.645*21/sqrt(16) =(62.64 , 45.36)
Explanation:
confidence interval = mean + z*, where z* is the upper (1-C)/2 critical value for the standard normal distribution.
z score for 90% confidence interval = 1.645
confidence interval for the mean amount = 54+1.645*21/sqrt(16) =(62.64 , 45.36)
It will be worth $105468.75.
If it depreciates 25% each year, that means 75% of the value remains.
The value of the third year is $140,625.
$140,625(.75) = $105,468.75.
You could also find 25% of $140,625 and subtract it.
$140,624(.25) = $35,156.25
$140625 - $35,156.25 = $105,468.75.
Either way the car would be worth $105,468.75 in year four!
Answer:
the increase in taxes as a percentage of the increase in income
Explanation:
"Marginal" anything in business or economics refers to rate of change. The marginal tax rate is the tax paid on the next unit of income. That is, it is ...
the increase in taxes as a percentage of the increase in income
