Answer:
b. $2,200.
Explanation:
Net income = Revenue - Expenses
Net income = $5,400 - $3,200
Net income = $2,200
Therefore, the amount of net income for the year is $2,200
Answer:
11.61%
Explanation:
First, find the annual percentage return (APR) of this annuity. Using a financial calculator, input the following;
Recurring payment; PMT = -450
Future value ; FV = 27,000
Duration of investment ; N = 4*12 = 48 months
One -time present value; PV = 0
then compute interest rate; CPT I /Y= 0.92% (this is monthly rate)
APR = 0.92*12 = 11.035%
Effective Annual Rate (EAR) formula is as follows;
EAR = (1+
) ^m -1
EAR = 1+
)^12 -1
EAR = 1.1161 -1
EAR = 0.1161 or 11.61%
The correct answer is obviously, You recognized that it exists, i have no idea what they were smoking when they wrote this question.
Answer:
B. $1673920
Explanation:
First calculate Total loss
$2000000 loss from disposal of a component of the business and loss of $92400 from strike by the employees of a supplier
$2000000 + $92400 = $2,092,400
20% of the loss =
20% × $2,092,400
= $418,480
Therefore the effect of these events and transactions on 2020 net income net of tax would = Total loss - 20% of total loss
$2,092,400 - $418,480
= $1,673,920
Answer:
Option b ($150,000 decrease) is the correct answer.
Explanation:
Given:
Fixed manufacturing overhead,
= $65
Units,
= 10,000
According to the question,
Current cost is:
= 
=
($)
The expected cost will be:
= 
By substituting the values, we get
= 
= 
= 
then,
= 
=
($)
Thus the above is the right answer.