Answer:
$2,068
Explanation:
As per given data
Cost of Cages = $206,790
Accumulated depreciation = $186,111
Selling Price = $18,611.10
Sale price of Asset is compared with the net book value of that asset to calculate the gain or loss arising from the sale of asset.
Net book value is the net value of the cost of asset and the accumulated depreciation of that asset.
Net Book Value = Cost of Cages - Accumulated depreciation
Net Book Value = $206,790 - $186,111 = $20,679
Selling Price = $18,611.10
Loss on Sale of asset = $20,679 - 18,611.10 = $2,067.9
Answer:
code of ethics
Explanation:
Code of ethics -
It is also known as ethical code .
It refers to some principles , which is required in order to conduct the business in a very fair and honest manner , is referred to as code of ethics or ethical code .
All the rules and regulations are mentioned in the , all the people are supposed to follow it .
Hence , from the given scenario of the question ,
The correct answer os code of ethics .
Answer :
Holding period return = 0.95%
Explanation :
As per the data given in the question,
Years of maturity = 7
Coupon rate = 5.75%
Current yield = 5.75%
Per value of bond = $1000.00
Coupon payment = Par value × Coupon rate
=1,000 ×5.75%
= $57.50
Current yield = Coupon payment ÷ price of bond
0.575 = $57.50 ÷ Price per bond
Price per bond = $1,000
In 1 year the yield to maturity increases to = 6.75%
Price of bond after 1 year = $951.96
The formula is shown below:
=-PV(RATE;NPER;PMT:FV:0)
where
Rate = 6.75%
FV = $1,000
PMT = $57.5
NPER = 7 - 1 = 6 years
Please find the attachment below:
Holding period return = (Price of bond after one year - Current bond price + Coupon payment) ÷ Current bond price
= 0.95%
Answer:
gross income:$55000
adjusted gross income: $51000
taxable income: $40180
Explanation:
Given:
- Wage: $52 comma 800 = $52800
- Interest received: $2200
- tax-deferred retirement: $4000
- Personal exemption : $3800
- Deductions totaling: $7020
As we know that,
- Gross income = Wage + interest received
= $52800 + $2200
= $55000
- Adjusted gross income = gross income - adjustment
= $55000 - $4000
= $51000
- taxable income = Adjusted gross income - (Exemption + Deductions )
= $51000 - ($3800 + $7020)
= $40180
Hope it will find you well