Answer: B. 10.34%
Explanation:
Based on the information that has been provided in the question, first and foremost, we have to know the amount of interest paid which will be:
= $12400 - $12000
= $400
We tgen calculate the cost of capital which will be:
= 400/12000
= 3.33%
Then, Annual percentage rate will be:
= 3.33% × 365/120
= 3.33% × 3.04
= 10.34%
Yes, it’s true that Almost half the private-sector jobs in this country come from small businesses. Although the Small businesses have a low number of employers in the private sector, they contribute around 50% of the employment in the private sector. Further, these small businesses are also cresting about two third of new jobs in the private sector.
Hence the answer is<u> True</u>.
Answer:
1.72
Explanation:
SOLUTION
Cost of labor = $ 2000
Cost of material= $ 400
Overhead labor= $500
Multifactor productivity = (Value of Output/(Labor Cost + Material Cost + Overhead Cost))
(500 units)($10/unit)÷( $2,000 + $400+ $500)
= $5000÷$2900
= 1.72
Answer:
The statement of stockholders’ equity for the month ended October 31 is $18,450,000.
Explanation:
Noric Cruises Inc.
Statement of stockholders’ equity for the month ended October 31
Common stock Paid-In Capital Retained Earnings
Opening balance $150,000 $3,225,000 $12,400,000
Addition 800,000 - -
Net income - - $2,350,000
Cash dividends - - (475,000)
Balance at Oct 31 $950,000 $3,225,000 $14,275,000
Answer:
Mr Curtis can deduct his total property taxes of $ 7,810.00 as well as the Indiana state income tax of $8,120.00 ,since this exceeds the Indiana state sales tax on consumer goods and services of $2,890.00 paid by Mr Curtis during the year.
Finally,the remaining are not deductible
Explanation:
In other words the following taxes are not deductible:
1.Federal income tax $72,250.00
2.Federal gift tax $361
3.The Federal payroll tax for housekeeper $1,301
4.Indiana sales tax on consumer goods and services$2,890
Lastly the property taxes deductible is computed thus:
Principal residence $3,980.00
Vacation home $2,530.00
Two automobiles $1,300.00
Total $ 7,810.00
