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3 years ago

Today you earn a salary of $28,500. What will be your annual salary fifteen years from

Business

1 answer:

lys-0071 [83]3 years ago

3 0

Answer:

$47.747.44

Explanation:

After 14 years, the salary will be equivalent to the future value of $28,500 at 3.5% compound interest.

The formula for calculating compound interest is as follows.

FV = PV × (1+r)n

where FV = Future Value

PV = Present Value... 28,500

r = annual interest rate.... 3.5%

n = number of periods...15

Fv = $28,500 x ( 1+ 3.5/100)15

Fv = $28,500 x ( 1+0.035)15

Fv =$28,500 x 1. 67534883

Fv =$47.747.44

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Answer:

Option E. CREDIT to Accumulated Depreciation for $9,000

Explanation:

The formula to compute depreciation expense is given as under:

Depreciation Expense = (Cost - Scrap Value) / Useful Life

By putting values we have:

Depreciation Expense = (100,000 - 10,000) / 10 Years = 9,000 per year

The double entry for the year 2 would be:

Dr Depreciation Expence 9,000

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3 years ago

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3 years ago

A C corporation earns $ 9.20 per share before taxes and the company pays a dividend of $ 4.00 per share. The corporate tax rate

alexgriva [62]

Answer:

The answer is $4.27

Explanation:

Solution

Given that:

AC corporation earns = $9.2 per share

Pays a dividend of =$4.00

The tax rate (Corporate ) is =39%

The tax rate on personal dividends is= 15%

The tax rate for non-dividend personal income is = 36%

Now,

We must find the after tax rate amount of after tax rate an individual or a person would earn from the dividend

Thus,

The corporate tax =$9.40 * 39% = 3.67

Personal tax = $4.00 * 15% = 0.6

Now we find the total for the after tax rate

Total = $3.67 + $0.6

= $4.27

Therefore, the after tax rate an individual or a person would earn from the said divided is $4.27

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3 years ago

When nonmonetary assets are traded in an exchange that lacks commercial substance and no cash is received, any loss is recognize

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Answer:

The correct answer is letter "A": True.

Explanation:

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4 years ago

(1 pt.) Arna, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow. Year ended De

Natali5045456 [20]

Answer:

A.2013 $20,560

B.2014 $23,125

Explanation:

2013 inventory at base amount ($22,140 ÷ 1.08)$20,500

2012 inventory at base amount(19,750)

Increase in base inventory $750

2013 inventory under LIFO

Layer one ($19,750 × 1.00)$19,750

Layer two ($750 × 1.08)810

Total $20,560

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Increase in base inventory $2,250

2013 inventory under LIFO

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Layer two ($750 × 1.08)810

Layer three ($2,250 × 1.14)2,565

Total $23,125

8 0

4 years ago