Answer:
$113,465
Explanation:
Calculation to determine difference in total dollars that will be paid to the lender under each loan
First step is to Calculate the difference in payments on a 30-year mortgage at an interest rate of .75% a month
$100,000 = PMT([1 / (0.0075)] − 1 / {(0.0075)[(1.0075)]^30 × 12})
PMT = $804.62
Second step is to Calculate the difference in payments on a 15-year mortgage at an interest rate of .7% a month
$100,000 = PMT([1 / (0.007)] − 1 / {(0.007 )[ 1.007)]^15 × 12})
PMT = $ 978.87
Now let determine the Total difference
Total difference = ($804.62 × 12 × 30) − ($978.87 × 12 × 15)
Total difference= $113,465
Therefore difference in total dollars that will be paid to the lender under each loan is $113,465
Answer:
$255,000
Explanation:
Given that,
2016:
Taxable and pretax financial income = $850,000
Tax rate = 30%
2017:
Taxable and pretax financial income = $850,000
Tax rate = 35%
Income tax refund receivable in 2018:
= Taxable and pretax financial loss in 2018 × Tax rate in the year 2016
= $850,000 × 30 percent
= $255,000
Note:
(i) The carry back provision allows losses to be carried back to preceding 2 years, with the amount of net loss being applied to earliest year first.
(ii) 2018 net loss should be applied to income of 2016 first.
According to the AICPA rules, what should Maria should<u> "discuss her concerns with Josie's boss."</u>
The code of professional conduct (AICPA) in its distinctive articles obliges Maria to work with uprightness, obligation, objectivity and autonomy, the content underscores crafted by the bookkeeper and the arrangement of a support of people in general that must be straightforward to produce trust in the public eye , thus, paying little respect to what the manager says, and upheld by Article 55 - Chapter IV - which states: Objectivity and independence: A member should keep up objectivity and be free of irreconcilable situations in the execution of their obligations. proficient duties. A member out in the open practice must be autonomous, truth be told, and appearance, in the arrangement of review administrations and different confirmations.
Answer:
Relevant information is data that can be applied to solve a problem
Explanation:
You have to go to the bank