Bc all the x’s are all different #
Answer:
$4,500
Explanation:
Interest expense is deductible so, you will need to <u>deduct the amount of interest</u> expense from income, and then calculate the percentage of taxes to pay.
Interest paid (deductible) = .05* 100,000 = 5,000
Income - interest expense: 20,000-5,000 = $15,000
Taxes: .3 * 15,000 = $4,500
Answer:
The appropriate response is "Pure competition".
Explanation:
- Pure competition seems to be an economically efficient circumstance where there is already a massive quantity of international customers and retailers as well as the manufacturer would be ready for deployment.
- Even though both a significant quantity of products as well as extremely similar or defined consumer items seem to be characteristics of pure competition.
<u>Explanation:</u>
The financial planning process is defined as a collection of actions carried out by an individual in other to manage their finances and to achieve personal economic freedom or satisfaction.
<u>List the elements of a good financial plan includes;</u>
- It should be aimed at protecting financial resources
- should be focused on debt avoidance
- It should take into account future expenses.
<u>Important personal and economic factors:</u>
Your income: it is important to know what your finances are in other to make the right decisions.
Your savings: By knowing the amount of spare money one has would allow the decides if he can bring in new expenses.
Your living expenses: This is a necessary factor to consider in other to meet or set achievable financial goals.
Answer: $0.79
Given:
C=Cost of the land: $1,981,300
S=Salvage value of the land: $267,000
N=Total number of ores mined= 2,170,000 tons
To get the depletion expense per ton of ore:
(C-S)/N
=($1,981,300-$267,000)/2,170,000
=1,714,300/2,170,000
=$0.79