Answer:
$ 238.47
Explanation:
To do the calculation first you have to identify that they are asking for the monthly payment so all the calculation will be done by month.
First you calculate the monthly rate, you change the TEA 7% to TEM which is 0.57% (use the formula (1+TEA)^(1/12))-1.
The loan period is 4 years but you have to convert it to months so will be 48 months.
With all this information you can calculate the payment by month, you can use excel with the excel formula <u>PMT(rate;period;loan amount)</u>.
<span>Marketers use persuasive communications and product distribution in an effort to make sure its market is segment attractiveness reachable.
</span><span>The goal of the persuasive communication is consumer to know that p/s exists , understand what p/s can do and recognize how to buy it.</span>
The retained earnings are affected by the net income or loss or any amount paid to the shareholders as dividends. The retained earnings balance as of December 31, 2016 shall be calculated as follows:
Retained earnings, December 31, 2015 $ 313,700
Less: Net loss for the year ended December 31, 2016 -$4,850
Less: Dividends declared and paid in 2016 -$17,000
Retained earnings, December 31, 2016 $291,850
Hence, the retained earnings balance as of December 31, 2016 is <u>$291,850</u>
Answer:
The deductible expense = $570
Explanation:
First, the question is not complete, the complete question is as follows
Gwen, an independent consultant, traveled to New York City on a business trip. Gwen spent 4 days in business meetings and conferences and then spent 2 days sightseeing in the area. Gwen's plane fare for the trip was $250. Meals cost $160 per day. Hotels and other incidental expenses amounted to $250 per day.Gwen was not reimbursed by her employer for any expenses. Her AGI for the year is $50,000 and she itemizes but has no other miscellaneous itemized deductions. Gwen may deduct (after limitations).
Solution
How much is the plane fare $250
How much was spent on means $640 (160 a day x 4 days)
Subtract: 50% of meal costs ($320) 0.5 x 640
Hotel Expense was $1,000 ($250 x 4 days)
The total is $1,570
Subtract 2% of the AGI <u> $1,000</u> (0.02 x 50,000)
The final deductible expense $570
This means the amount that Gwen can deduct from the expenses for the trip after the limitations as calculated above is $570
