Answer:
$19,687 million
Explanation:
Income tax expense = Income before income tax expense*Effective tax rate
Income before income tax expense = Income tax expense / Effective tax rate
Income before income tax expense = $2,953 million / 15%
Income before income tax expense = $2,953 million / 0.15
Income before income tax expense = $19,687 million
So, the amount that Micro report as income before income tax expense that year is $19,687 million.
Answer:
A. The first cash flow of an annuity due is made on the first day of the agreement.
G. The last cash flow of an ordinary annuity is made on the last day covered by the agreement.
Explanation:
The computation is shown below:
As we know that
Future value after 4 years is
= Annual deposit × Cumulative FV factor at 9% for 4 periods of an ordinary annuity
= $6,000 × 4.57313
= $27,439
Therefore the above statements are true and the same is to be considered
Hence, all other statements are incorrect
Answer:
Johnson & Johnson make $51,433.28 every 20 seconds
Explanation:
<u><em>The complete question is</em></u>
I'm playing a riddle game thing and one of the questions is
"How many dollars does Johnson & Johnson make every 20 seconds?"
I found that they make 81.1 billion dollars yearly, but I have no clue how to get it to 20 seconds.
Remember that
1 year=365 days
1 day=24 hours
1 hour=60 minutes
1 minute=60 seconds
so
Convert year to seconds
1 billion=1,000 millions
1 billion=1*10^9
81.1 billion dollars=81.1*10^9 dollars
we have
Convert to $/sec
Multiply by 20 sec
therefore
Johnson & Johnson make $51,433.28 every 20 seconds
Answer:
C) $201,760
Explanation:
To compute the amount of cash proceeds, we have to multiply the bonds face value with the issued price percentage.
Since only issue price is given, so we assume it is in percentage form because the number of shares is not given in the question. So, we assume this.
In mathematically,
Cash proceeds = Face value × 0.97
= $208,000 × 0.97
= $201,760
