Answer: $330
Explanation:
The Net cash received is the Total Money received minus the Total money paid.
The total money paid is calculated as such,
= $1,000 x 97%( this a DISCOUNT bond meaning that it was sold for less than Par. This number signifies how much in percentage of Par it was purchased for)
= $970
$970 is the Total Amount paid.
The Total Amount Received would be,
= Principle on Maturity + Interest for 5 years
= 1,000 + 1,000(0.06) * 5 years
= $1,300
Net Cash Received is therefore,
= Total Amount Received - Total Amount Paid
= 1,300 - 970
= $330
$330 is the net cash received over the life of the bond investment.
Answer: Uneven Development
Explanation:
South Korea is one of the success stories of the last century. After the Korean War devastated large parts of the Korean peninsula, foreign aid poured in and the people embraced development fully. This led to the development of large corporations such as Samsung making vast amounts of money and giving everyone there a high standard of living.
Guatemala on the other hand has been ravaged by poverty and poor living conditions for a long time resulting from a bloody civil war that lasted for decades. This led to gangs been formed to compete for resources as well as illegal activities being carried out such as drug trafficking. This only made things worse.
These are 2 countries are a prime example of how countries in the world are experiencing Uneven Development. How in one nation the standards of living are high and people are safer but on the same planet and in another nation people are living in abject poverty and fearing constantly for their lives.
Answer:
IRS ,AICPA Statements on Standards for Tax Services.
Explanation:
From the question, we are informed about Bob, that has a client with a strong belief that he is correct about an aggressive but creative tax position.
and how Bob files the tax return with disclosure on his client's included.
In the case of agreement on the disclosure of the position, then it should be disclosed to IRS. which is a form of Statements on Standards for Tax Services.they are responsible for quality control as far as tax is concerned.
Answer:
$58.729
Explanation:
To find the answer, we need to use the present value of an annuity formula.
The formula is:
P = X [(1 - (1 + i)^-n) / i ]
Where X is the annual instalment
P is the present value of the investment (500,000 in this case)(
i is the interest rate (10% in this case)
and n is the number of periods (20 years in this case)
We now plug the amounts into the formula:
500,000 = X [ (1 - (1 + 0.10)^-20) / 0.10 ]
500,000 = X [8.51356]
500,000 / 8.51356 = X
58,729 = X
So the value of the equal annual instalment will be $58.729
D. All of the above
Omitting I, me, and my will make the resume more effective.
