I take my time to reflect on how I treat people. I meditate so that I can truly know how I feel.
Answer:
$13000
Explanation:
There are two types of incomes; disposable income that is the income after paying income tax, and discretionary income that is the income after paying income taxes and necessities. Overall, the Manuel Acala made $28000; he paid $5000 in taxes.
Disposable income= $28000-$5000 = $23000
He spent $10000 on food
Discretionary income = $23000-$10000= $13000
Answer: Increase in assets and increase in liabilities.
Explanation: As we know that accounting equation is denoted as :-
Assets = capital + liabilities
where,
. Assets are the resources owned by the firm for the generation of revenue.
. Capital means the funds procured by company in the form of contribution by the owners or in the form of debt.
. Liabilities are the obligations on the company.
.
Purchase of office equipment on credit will result in increase in assets as office equipment is used for administration purposes and as it is purchased on credit it will also increase its liabilities.
A Absolute Advantage exists when a country is the most efficient producer of an item.
Answer:
$15,761.90
Explanation:
Given that
Amount paid at the end of each year = $1,000
Time period = 50 years
Interest rate = 6% per year
So, the present value of the annuity would be
= Amount paid at the end × PVIFA factor for 50 years at 6% interest rate
= $1,000 × 15.7619
= $15,761.90
Refer to the PVIFA table.
Basically we multiplied the amount with the PVIFA factor.
