Helppppppp me please?!!!

416,000 people each receive an average refund of $3,600, based on an interest rate of 3 percent, what would be the lost annual i

victus00 [196]

Answer:

$44,928,000

Explanation:

The fact that 416,000 received a refund of $3,600 each means that the tax authority would lose the interest income that could have been generated on the total refund amount based on a 3% interest rate of return.

Lost annual income=number of people who got refund*average refund per person*interest rate of return

number of people who got refund=416000

average refund per person=$3,600

the interest rate of return=3%

Lost annual income=416,000*$3,600*3%

Lost annual income=$44,928,000

6 0

3 years ago

On January 1, Graves Corporation had 60,000 shares of no-par common stock issued and outstanding. The stock has a stated value o

Zina [86]

Answer:

Date Account Titles and Explanation Debit Credit

June 15 Cash Dividends $103,500

[(60000+9000)*$1.5]

Dividends payable $103,500

(Being dividend declared for 69000 shares at $1.5 each)

July 10 Dividends payable $103,500

Cash $103,500

(Being dividend paid)

Dec 15 Cash Dividends $116,800

[(60000+9000+4000)*1.6]

Dividends payable $116,800

(Being dividend declared for 73000 shares at $1.6 each)

6 0

2 years ago

Our basketball team has finished $80\%$ of its season, during which we won $40\%$ of the games we played. What percent of the re

masya89 [10]

Answer:

90%

Explanation:

Let x be the total number of matches,

Given,

80% of games were finished,

So, the number of finished games = 80% of x = 0.8x

∴ Remained games= x - 0.8x = 0.2x

Now, 40% of 80% of games were won,

So, the winning games in 0.8x matches = 40% of 0.8x

= 0.4 × 0.8x

= 0.32x

In order to finish games with the same number of wins as losses,

Winning percentage in all games must be 50%,

Thus, the total winning games = 50% of x = 0.5x

Let y be the winning percentage in 0.2x games,

So, the total winning games in 0.2x games = $\frac{y\times 0.2x}{100}$

∵ Number of winning matches in 80% games + number of winning matches in 20% = total winning matches

⇒ $0.32x + \frac{0.2xy}{100}= 0.5x$

$\frac{0.2xy}{100}=0.18x$

$0.2y=18$

$\implies y=90$

Hence, the percent of winning the in the remaining games must be 90%.

6 0

3 years ago

Lower-level managers are empowered to make decisions in a ______ organization, which can ________ motivation and job satisfactio

fenix001 [56]

Lower-level managers are empowered to make decisions in a decentralized organization, which can increase motivation and job satisfaction.

<h3>What is motivation?</h3>

Motivation is the reason why humans and other animals begin, continue, or discontinue an activity at any particular time. Motivational states are typically viewed as internal forces that induce a desire to engage in goal-directed conduct.

Extrinsic. Performing an action in order to achieve or prevent a specific result. Many of the things you perform every day are probably extrinsically driven.

Intrinsic. Internal motivation for success or a sense of purpose

Family. Motivated by a desire to provide for your family.

Finding strategies to improve motivation is critical because it allows us to modify our behavior, develop competences, be creative, create objectives, expand our interests, make plans, develop talents, and increase involvement.

To know more about motivation follow the link:

brainly.com/question/6853726

#SPJ4

6 0

2 years ago

On November 1, Vacation Destinations borrows $1.57 million and issues a six-month, 9% note payable. Interest is payable at matur

Keith_Richards [23]

Answer:

(a) To Record the issuance of the note

Debit Cash $1.57 million

Credit Notes payable $1.57 million

<em>(To record notes payable issuance)</em>

(b) Adjusting entry for interest expense at December 31:

Debit Interest expense $23,550

Credit Interest payable $23,550

<em>(To record interest expense on notes payable as at Dec 31)</em>

Explanation:

Note payable is a promissory note with a written promise made by the borrower to the lender (payee) to pay a certain, definite sum at a specified date.

Interest expense on the notes is calculated as: Principal x Interest Rate x Time

In this case, the total interest expense is $1.57 million x 9%/12 x 6 months = $70,650.

Total interest expense to the Company as at December 31 is therefore $70,650 / 6 months x 2 months = $23,550.

3 0

3 years ago