Answer:
$570
Explanation:
The computation of the interest deduction is shown below:
= Interest paid × number of months ÷ (total number of months in a year)
= $3,420 × 2 months ÷ 12 months
= $570
The interest which is deducted in year 0 under the cash method of accounting is $570
And, the two months is calculated from the November 1 to December 31
We simply apply the interest paid formula.
Answer:
TRUE
Explanation:
The integration of countries from the same region into a trade bloc has the purpose of free movement of goods and services among lower-priced member countries. This is because from integration, countries give up tariffs and customs barriers, allowing products to be marketed to everyone at a lower cost, aiming at the common good. If countries use the same currency, the benefits of integration are even greater as they eliminate currency conversion costs.An example of this type of integration is the European Union, where products move freely between member countries and are sold in the same currency, the euro.
Answer:
Expected stock Return = 16%
Explanation:
The return of a stock is calculated by subtracting ending stock price to ending stock price and add adding and income distributions made during the period and divide by the stock price at beginning
Current stock price = $100
Expected stock price = $110
Dividends = $6
So in Snoke Inc's the only income distributions are dividends
Return = Ending stock price - Current stock price + dividends/Current stock price
=110-100+6/100
=0.16/16%
Answer & Explanation:
"Pays as agreed" is a term you want to see on your credit report. It simply means you have been repaying a debt according to the agreement between you and the lender or creditor.
Answer:
RL intends to and has demonstrated the ability to refinance the short term liability on a long term basis.
Explanation:
First of all, RL intends to refinance the short term liability but has not completed the process yet. What it is showing in the balance sheet is that they have the intention to do it, and that they have already negotiated with their debtors the refinancing procedure, but the procedure is not over yet. Refinancing a debt sometimes may take a long time specially due to legal paperwork (e.g. register an asset as collateral), but RL is showing that the process has already been agreed upon with the creditors and all they need is time to finish it.
