Answer: Option (A) is correct.
Explanation:
The national defense of a nation is considered as a public good. We know that public good has two major characterstics that are non-rival and non-excludable.
Non-rival goods refers to the satisfaction level or the utility obtained from a particular good will not reduce from one person's consumption. The amount of good available to other individuals remains the same.
Therefore, if one person is enjoying national defense then this will not reduce the satisfaction level obtained from the national defense for the other individuals.
Answer:
$3200
Explanation:
The depreciation expense under the conventional straight line depreciation will be calculated using the following formula:
Straight-line Depreciation = (Cost - Scrap Value) / Useful Life
The useful life here is 5 years, cost is $24000 and scrap value is $0 which can be calculated using the following formula:
Straight-line Depreciation = ($24,000 - 0) / 5 Years = $4800 per year
This is for a year and we need for the year end 31 December, 2019 for eight months.
The per month depreciation charge = $4800 / 12 = $400 per month
For 8 months = $400 * 8 months = $3200
Answer:
The right answer is option (C).
Explanation:
Earned income can be defined as the income of a person which he earns by working and efforts.
Hence according to the question, the most appropriate answer is option (C) because interest earned from a bank account is not the result of any personal efforts and hence it is not considered as earned income for EIC.
While the other options are wrong because of the following reasons:
- Wages can be defined as the income a person gets after working for some company, hence it is considered as the earned income.
- Tips are also an outcome of personal efforts to make clients happy and hence it also considered as the earned income.
- Self-employed income can be defined as the income a person gets for his work as a freelancer and hence it also considered as the earned income.
Answer:
d) dividing net profit by the number of current shares.
Explanation:
The formula to compute the earning per share is shown below:
Earning per share = (Net income - preference dividend) ÷ (Outstanding Number of shares)
Basically we divide the net income or net profit after considering the preference dividend and then divided it by the outstanding number of shares so the earning per share could come
When a firm plans to issue bonds, it creates a(n) -prime-, which is a legal document that explains its obligations to bondholders?