Taxable income is The amount of your income, after it has been reduced by exemptions, deductions, and credits, that is used to calculate the tax you owe.
Answer:
International strategic management is the process of making strategies to achieve global corporate objectives and goals, and to compete with the world's competitors.
Implying one strategy say globalization might oppose the efforts to use national responsiveness strategy. This statement is correct in the sense that the company if the focus on both strategies it would not be possible to control the both at all as if the company go to handle one strategy the other would effect.
This statement is inaccurate or incomplete as a company can balance both the strategies (globalization or national responsiveness) simultaneously. The firm can use a transnational strategy that can help them to use both the strategies. These types of firm are considered in quadrant three of the matrix of using global or national responsiveness.
Answer:
The total amount that would be paid to bank is $11,564.
Explanation:
I = PRT/100
I is the simple interest on the loan
P is the amount of loan taken = $9,800
R is the simple interest rate = 6%
T is the duration for the loan to be paid with interest = 3 years
I = 9,800×6×3/100 = $1,764
Total amount to be paid = P + I = $9,800 + $1,764 = $11,564
Depreciation is a way not only to recognize the lost value over time of an asset, but also a way to recognize the expense of the asset over time. To this end, we want to see the value of the asset get smaller, and a piece of the asset on the the income statement ever period.
The depreciation base is 95,000 -5,000 = 90,000, and the depreciation period is 90,000/15,000 = 6 years.
The journal entry every year will be
Dec. 31
Debit: Depreciation expense 15,0000
Credit: Accumulated Depreciation (15,000)
Accumulated depreciation is a *contra-asset* account on the balance sheet that reduces the value of the the depreciable asset.
