We have:
Initial cost (PV) = 63800
Annual cash flow (Pmt) = 16580
N = 6
Since the cash flows are conventional in nature, we can use the following formula to calculate the IRR:
PV = Pmt x PVIFA(N, R)
63800 = 16,580 x PVIFA (6, R)
PVIFA (6, R) = 3.84800965
Solving for R using PV of annuity table, we get R= 9.4162%
Therefore, Internal rate of return would be 9.4162%.
The answer is President Herbert Hoover. His approach to
depression were:
1.
He tried to restore confidence in the economy by
asking business not to cut payrolls and labor not to ask for higher wages. Most
of them initially agreed until 1931.
2.
He also cut taxes and pressed the Federal
Reserve Board to cut interest rates to make borrowing easier.
3.
He procured $2 billion for public works
projects.
4.
He established the Reconstruction Finance
Corporation and the Home Loan Bank Act to assist businesses and head off some
foreclosures but he was a fiscal conservative who said we couldn't
"squander our way to prosperity," and so he disparate further
spending plans.
Based on the information given about Mr. Lainson, the taxable estate of the year will be $7,785,000.
The taxable estate for Mr Lainson will be calculated thus:
- FMV $12 million
- Less: Debt $450000
- Less: Funeral expense $15000
- Less: Legal fees $50000
- Less: Donation ($3.5 million + $200000) = $3.7 million
- Taxable estate = $7,785,000
The taxable estate of the year will be $7,785,000.
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Answer:
B) $59,500
Explanation:
The equipment was purchased for 85,000 and has no salvage value which means that all 85,000 will be depreciated over it lifetime. It has a life of 5 years and because it uses straight line method it means that it will depreciate equally each year. The equipment is bought on JAN 1 2010 and sold on July 1 2013 which means that the equipment is used for 3.5 years and in order to find its depreciation we will divide 3.5 by 5 and multiply it by 85,000.
3.5/5*85,000=59,500
Answer:
D. objective and task budgeting I believe
Explanation:
Really difficult, but not impossible, to determine the tasks necessary to reach goals and estimating the costs associated with tasks
