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3 years ago

You have $64,000 in a savings account that pays 2% annual interest and the

Business

1 answer:

klio [65]3 years ago

7 0

Answer:

$793.60

Explanation:

Inflation refers to the general increase in prices. It reduces or erodes the purchasing power of a currency.

Interest rate represents the rate of money growth from an investment or savings.

Inflation will, therefore, decrease purchasing power while interest rate will add to the currency strength. Loss or gain in purchasing power will be determined by the difference between the inflation rate and the interest rates.

In this case, the loss in purchasing power will be the inflation rate (3.24%) - interest rate (2%).

=3.24%-2%

=1.24%

1.4% decline in purchasing power will equal to 1.4% x $64,000

= 1.24/100 x $64,000

=0.0124

=$793.60

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An asset (not an automobile) put in service in June 2019 has a depreciable basis of $1,035,000, a recovery period of 5 years, an

Irina18 [472]

Answer:

The maximum deduction is $207,000.

Explanation:

As per MACRS depreciation table 5 years half year conversion depreciation rate for first year is 20% - 100%/5 = 20%

The maximum deduction is $1,035,000 * 20% = $207,000

7 0

4 years ago

Swifty Corporation acquired 18200 shares of its own common stock at $21 per share on February 5, 2020, and sold 9100 of these sh

dybincka [34]

Answer:

the journal entry to record the purchase of treasury stocks

February 5, 2020

Dr Treasury stocks 382,200

Cr Cash 382,200

the journal entry to record the sale of 9,100 stocks

August 9, 2021

Dr Cash 254,800

Cr Treasury stock 191,100

Cr Additional paid in capital 63,700

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3 years ago

A manufacturing operations consists of 13 operations. However, five of the 13 machining operations must be completed before any

user100 [1]

Answer:

4,838,400

Explanation:

Assume there are already Two sets of machine working.

In the first set, there is 5 machine Operates and in another set, There are 8 machines (13-5) operates.

So Total Production sequence = First sets all combinations x Second sets all combination

= 5! x 8!

= ( 5 x 4 x 3 x 2 x 1 ) x ( 8 x 7 x 6 x 5 x 4 x 3 x 2 x 1 )

= 120 x 40,320

= 4,838,400

So , total number of machine combination is 4,838,400.

6 0

3 years ago

Swiss Group reports net income of $40,000 for 2019. At the beginning of 2019, Swiss Group had $200,000 in assets. By the end of

Sati [7]

Answer:

For the tear 2019, net income is 40,000

Beginning of the year 2019, asset of the S are 200,000

Ending of the year 2019, asset of the S are 300,000

Average asset for 2019= Beginning assets + Closing assets / 2

Average asset for 2019= 200,000 + 300,000 / 2

Average asset for 2019= $250,000

Return on assets = Net income / Average assets * 100%

= 40,000 / 250,000 * 100

=16%

Thus, the return on assets is 16%

Conclusion: If the average return of assets of the competitors are 11%, It means S uses the assets efficient manner, so performance of the S is very good ad return of the S is higher than competitors on asset

8 0

3 years ago

Which of the following is NOT a reason to complete the Free Application for Federal Student Aid (FAFSA)?

Veseljchak [2.6K]

Answer:

its no obligadp

Explanation:

5 0

3 years ago