Answer:
Net income = $3000
C. $ 3 comma 000
Explanation:
For a company, net income is the residual amount of earnings after all expenses have been deducted from sales. In short, gross income is an intermediate earnings figure before all expenses are included, and net income is the final amount of profit or loss after all expenses are included.
In this case.. There is only a buy and a sell trade.
Net income= selling price- cost price
Net income= $52000-$49000
Net income = $3000
Suppose $250,000 is used to establish an annuity that earns 6%, compounded quarterly, and pays $6000 at the end of each quarter. It will take about 120 quarters until the account balance reaches $0.
Amount invested (Present value) = $250000
Quarterly payment (At the end of each quarter) (P) = $4500
Interest Rate (Quarterly) (r) = 6% /4
= 1.5% = 0.015
A number of quarters (n) = ?
Future value at the end = 0
Present value of Annuity formula:
Present value = P × ![(1-(1+r))^{(-n)} / r](https://tex.z-dn.net/?f=%281-%281%2Br%29%29%5E%7B%28-n%29%7D%20%20%2F%20r)
250000 = 4500 × ![(1-((1+0.015))^{(-n)} / 0.015](https://tex.z-dn.net/?f=%281-%28%281%2B0.015%29%29%5E%7B%28-n%29%7D%20%20%2F%200.015)
250000 = 300000 × ![(1-((1+0.015)}}^{(-n)}](https://tex.z-dn.net/?f=%281-%28%281%2B0.015%29%7D%7D%5E%7B%28-n%29%7D)
250000 / 300000 = ![1-(1+0.015)^{(-n)}](https://tex.z-dn.net/?f=1-%281%2B0.015%29%5E%7B%28-n%29%7D)
0.83333 = ![1-(1.015)^{(-n)](https://tex.z-dn.net/?f=1-%281.015%29%5E%7B%28-n%29)
n = 120
Hence is shall take 120 Quarters until the account balance is $0.
To learn more about account balance
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The Americans with Disability Act of 1990 (ADA) is a federal civil rights law that prohibits discrimination against individuals with disability in every day activities, including medical services. ... These statutes require medical care providers to make their services available in an accessible manner.
Answer:
a. the difference between actual and budgeted fixed overhead costs.
Explanation:
As we know that
The variance is shows the difference between the actual amount and the budgeted amount or estimate amount
So, the total fixed overhead variance is the difference between the actual fixed overhead costs and the budgeted fixed overhead costs i.e to be fixed in nature
Hence, the first option is correct