Answer:
The present value of the promised gift will:
be less than $5,000.
Explanation:
The present value of $5,000 to be received in three years' time from today is less than $5,000 received. This is explained by the time value of money concept. If the $5,000 gift is discounted to today's value, using a discount factor of 0.751 (10% in three years' time), it would be $3,755 ($5,000 * 0.751). This means that $5,000 received in year 3 is less than $5,000 received today.
Answer: 0.22
Explanation: Return on total assets is calculated by dividing net income or operating income from average total assets. It is a profitability ratio which is used by analysts to evaluate the ability of the firm to generate revenue from the given level of assets it have.
where,
= $425,000
Now,putting the values into equation :-
= 0.22
Answer:
OPTION C = 51%
Explanation:
<em>Percentage of federal tax revenue which comes out of individuals paycheck</em>
<em>=individual income tax+corporate income tax</em>
given that,
individual income tax=42%
corporate income tax=9%
Hence, Percentage of federal tax revenue which comes out of individuals paycheck
=42%+9%
=51%
Answer:
b. a debit to Paid-In Capital from Sale of Treasury Stock.
Explanation:
Treasury stock is the stock of equity purchased by the company itself, from open market. Basically it has a debit balance. And it is shown as a negative value from common equity in the balance sheet.
Now when there is sale of such treasury stock, this treasury stock will be credited, also in next entry common stock will be credited as it will increase automatically therefore in no circumstances Paid in capital will be debited from sale of treasury Stock.
Final Answer
b. a debit to Paid-In Capital from Sale of Treasury Stock.
The main purpose of taxes is used to help support and continue government programs that help provide stable housing and food for the poor. :D
