Answer:
$882.03
Explanation:
Interest rate used is 7.23%
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow in year 1 to 12 = 58
cash flow in year 13 = 1058
I = 7.23
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Answer:
Decrease <u>Cash </u>and Increase <u>Expense</u>
Explanation:
Jackson Programming paid $500 as rent for the month of June.
The accounting equation is is the basis of the double entry accounting principle system. It is an equation that stipulates that the balance sheet must remain balanced meaning every entry on the debit should be followed with a corresponding credit. It also means for every decrease there should be a corresponding increase.
In Jackson Programming;
A decrease is recorded in CASH because cash was paid, while an increase is recorded in EXPENSE because there is a corresponding increase in rent expenses.
Answer:
I would like to become a multi-millionaire of course
Explanation:
I'll invest all my money in a stock I have researched then hope my life hasn't been destroyed by it. Reasearch by watching the way the stock market treats it on special occasions like christmas,and then again on days like weekends.
Answer:
C. discretionary policies pursue overly expansionary monetary policies to boost employment in the short run but generate higher inflation in the long run.
Explanation:
Arguments for adopting a policy rule include;
- discretionary policies pursue overly expansionary monetary policies to boost employment in the short run but generate higher inflation in the long run.
- discretion enables policymakers to change policy settings when an economy undergoes structural changes.
- discretion avoids the straightjacket that would lock in the wrong policy if the model that was used to derive the policy rule proved to be incorrect.
- policy rules can be too rigid because they cannot foresee every contingency.
- policy rules do not easily incorporate the use of judgment.
Answer: $480,000 is the taxable income for year 5 reported by Paring report.
Given:
Pretax financial income = $550,000
Current tax expense = $144,000
Effective income tax rate is 30%
Taxable income is computed as :
Taxable income = Tax expense ÷ Current tax rate
Taxable income = $144,000 ÷ 30%
<u><em>Taxable income = $480,000</em></u>
