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ASHA 777 [7]
3 years ago
14

Which of the Last year Tata Technologies reported $10,500 of sales, $6,250 of operating costs other than depreciation, and $1,30

0 of depreciation. The company had no amortization charges, it had $5,000 of bonds that carry a 6.5% interest rate, and its federal-plus-state income tax rate was 35%. This year's data are expected to remain unchanged except for one item, depreciation, which is expected to increase by $750. By how much will Tata net income change as a result of the change in its depreciation
Business
1 answer:
nordsb [41]3 years ago
7 0

Answer:  -$487.50

Explanation:

Last year income = Sales - Operating Costs - Depreciation - Interest

= 10,500 - 6,250 - 1,300 - ( 5,000 * 6.5%)

= $2,625 - tax

= 2,625 - ( 2,625 * 35%)

= $1,706.25‬

This year income = Sales - Operating Costs - Depreciation - Interest

=  10,500 - 6,250 - (1,300 + 750) - ( 5,000 * 6.5%)

= $1,875

= 1,875 - ( 1,875 * 35%)

= $‭1,218.75‬

Difference = This year income - Last year

= ‭1,218.75‬ - 1,706.25‬

= -$487.50

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3 years ago
the state transferred ownership of property to roger and pauline. which transfer document would the state agency use?
elena55 [62]

The state transferred ownership of property to Roger and Pauline, the transfer document that the state agency will use us a deed of assignment.

<h3>What is a deed of assignment?</h3>

It should be noted that the deed of assignment simply means an instrument that's used to illustrate that a transfer has taken place.

Any property transaction needs a deed of assignment because it serves as the primary record between the seller and the buyer proving that all negotiations, inquiries, and other required due diligence have been made, the purchase price has been paid, and all other prerequisites have been met.

In this case, the state transferred ownership of property to Roger and Pauline, the transfer document that the state agency will use us a deed of assignment.

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2 years ago
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yuradex [85]

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In a socialist system the businesses and properties are owned by the government. The government ensures equal distribution of income and wealth in the society.

However, in a capitalist system the business and properties are owned by private individuals. People earn income on the basis of their contributions. The government does not interfere in the economy, it's the market forces control the economy.

In a socialist system income redistribution takes place from rich to poor. Such things do not happen in capitalism. So people are mostly to face the problem of unequal distribution of wealth through this shift.

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Morgan company issues 9%, 20-year bonds with a par value of $750,000 that pay interest semi-annually. the current market rate is
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