Answer:
it takes 15 years 10 months to reach your goal.
Explanation:
The Fixed deposits are in the form of an ordinary annuity.
The Future Value of this Ordinary Annuity must be $207,819.47 ($250,000 - $42,180.53)
Thus find number of years that the fixed deposits would amount to $207,819.47.
Using a Financial Calculator enter the following data to calculate the period, N.
PMT = $5,000
P/yr = 1
r = 12 %
FV = $207,819.47
N = ?
Thus the number of years, N it takes to to reach your goal is 15.7921 or 15 years 10 months.
Answer:
The correct answer would be option A, Medicare Taxes.
Explanation:
It is quite common now a days to work with contractors to get help from them, either in the form of services or human resources, etc. The contractor provide the company what it wants according to the needs. For example if a company needs human resource for its customer service department, the contractor will provide them the employees according to the company's need. So when you hire the contractor for getting you employees, there is no need to pay the medicare taxes of the contractor. It is not the responsibility of the company to pay medical expenses of the contractor, rather its contractor's own responsibility to fulfill its medicare expenses.
Answer:
a. Transportation problems
Explanation:
In Business management, problems which deal with the direct distribution of products from supply locations to demand locations are called transportation problems.
Transportation is a supply chain technique which primarily includes all of the process involved in the distribution of finished goods and services from the production line to the consumers or end users, so as to meet their needs or wants.
Answer:
C. $56,700
Explanation:
From the accounting equation which shows the relationship between the elements of a balance sheet namely;asset, liabilities and equity.
Asset = liabilities + equity
Total assets = $15,000 + $12,300 + $3,100 + $35,000 = $65,400
Total liabilities = $8,700
Stockholders’ equity = $65,400 - $8,700
= $56,700
The stake of the owners of the company is $56,700
Answer:
The correct answer is b. In the indirect method statement, the period's depreciation is added to net income because it is a source of cash
Explanation:
Indirect method make adjustment to reconcile the net income to cash. It depends on the account if it is added or subtracted to net income.
We are going to analyze the options
a. The operating section of the indirect method starts with the net income of the period TRUE
b. In the indirect method statement, the period's depreciation is added to net income because it is a source of cash
FALSE, depreciation is not a source of cash
c. Interest payments are included in the operating section of the direct method statement
TRUE
d. The investing section of the direct method statement for a period is identical to the investing section of the indirect method statement for the same period TRUE
