Answer:
The Completed lost of Library is
Explanation: $1224880
Solution
Given that:
Amount Period Average expenditure
Accumulated
expenditure Jan 1 735000 9/9 735000
Feb. 28 99000 7/9 77000
Apr. 30 189000 5/9 105000
Jul. 1 45000 3/9 15000
Sept. 30 73000 0 0
Average Accumulated
expenditure 1141000 932000
Interest to be capitalized = 932000*12%*9/12= $83880
The Completed lost of Library = 1141000+83880= $1224880
Answer:
A. $7500
Explanation:
First 10000 : 0%
Next 20000: 10%
Next 20000: 20%
Next 20000: 30%
Over 60000: 40%
Therefore income of $55000 would have a tax liability as such
First - 0% of 10000 = 0
Second - 10% of 20000=2000
Third - 20% of 20000= 4000
Fourth - 30% of 5000= 1500
Total tax liability (TTL)= 0+2000+4000+1500
TTL = $7500
<u>Calculations of Net Income for the period (Assuming the Accrual Method of accounting):</u>
It is given that Revenue on account amounted to $4,400. Expenses for the period were $2,300.
The Net income for the period using the Accrual Method of accounting can be calculated with the help of following formula;
Net Income = Sales Revenue – Expenses
= 4400-2300
= 2100
Hence, the net income for the period is <u>$2,100</u>
Answer:
Remedies
a. The suing party is called the plaintiff. The party being sued is the defendant. Therefore, since Arthur Rabe wants to sue Xavier Sanchez. Rabe is the Plainttiff and Sanchez is the Defendant.
b. If Rabe wants Sanchez to perform the agreement as promised, Rabe would seek remedy of Specific performance of Contract from the Court. Failure to do so will attract charges.
c. If Rabe wants the contract to be cancelled, then Rabe would ask the court for a rescission which is the cancellation of a contractual obligation.
d. The term remedies refers to a legal means to enforce a right or redress a wrong. Remedies of law include land, items of value or money. Remedies in equity includes specific performance, injunction and rescission. Thus, both remedies in part b and c are remedies in equity.
e. The party appealing a case is called the appellant or petitioner while the appellee is the party against whom the appeal is taken. So Sanchez would be the appellant and Rabe would be the respondent.
When it comes to the business cycle, the Real GDP can be described as the total value of the output of a nation, after this is adjusted for inflation.
<h3>What is Real GDP?</h3>
Real Gross Domestic Product (GPD) refers to the total value of goods and services produced in a year within a nation.
This amount is called "Real" when it has been adjusted for the effect of inflation on the nation and the prices of goods.
Find out more on Real GDP at brainly.com/question/13604000.
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