Answer:
Asset-backed securities, also called ABS, are pools of loans that are packaged and sold to investors as securities
Explanation:
there you go
Answer:
both income from operations and gross profit.
Explanation:
As we know that
The income statement recognized the revenues earned and the expenses incurred for a particular period
And the multiple-step income statement refers to the classification of expenses like
The format is shown below:
Sales XXXXX
Less: Cost of goods sold XXXXX
Gross profit XXXXX
Less: Operating expenses
Administrative expenses XXXXX
Selling expenses XXXXX
Operating income XXXXX
Non operating income or others
Less: Interest expense XXXXX
Rent revenue XXXXX
Net income XXXXX
Therefore, the third option is correct
Answer:
Simple rate of return is 5.8%
Therefore option (a) is correct option.
Explanation:
It is given that purchase cost = $793800
Company saving per year = $133000
Yielding = $21200
Annual depreciation = $88200
Annual profit = $133000 - $88200 = $44800
Net investment is equal to = $793800 - $21200 = $772600
Simple rate of return 
= 5.8%
Therefore simple rate of return is 5.8 %
So option (a) is correct.
Answer:
Final Value= $370,481.13
Explanation:
Giving the following information:
Amy's contribution, plus that of her employer, amounts to $2,150 per year starting at age 23. Amy expects this amount to increase by 3% each year until she retires at the age of 57 (there will be 35 EOY payments). Interest rate= 5%.
<u>First, we will add the growth of the deposits to the interest rate:</u>
Interest rate= 0.03 + 0.05= 0.08
Now, to calculate the final value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit= 2,150
i= 0.08
n= 35
FV= {2,150*[(1.08^35)-1]}/ 0.08= $370,481.13
<h2>Answer </h2>
Accumulated depreciation will be $1080 for 6 months.
<h3>Step by step explanation </h3>
Maxwell Tax Planning Service with a communication equipment has value on 1 Jan 2019 of $10,800 and has a useful life of 5 years.
We will depreciate 10,800/5 and will get depreciation charge for 1 year which is $2160.
10,800/5 = 2160
Hence, depreciation for 1 year is $2160
Obtained from the question is that we need depreciation till 30 June 2019.
Thereby, we will prorate 1 year depreciation $2160 by multiplying it with 6 months and dividing with 12 months. We will get the answer $1080.
2160 x 6 / 12 = 1080
Therefore, 6 months depreciation will be $1080
