Answer:
C. he was happy to learn that he would be given a loan to cover all college expenses.
Explanation:
A student that is given a loan to cover college expenses have to go for entrance counselling in order to receive appropriate orientation and he will also have to sign promissory note that he will return the loan given.
Based on the nominal interest rate and the real interest rate, the inflation rate must be 10%.
<h3>What is the inflation rate?</h3>
The inflation rate is the difference between the nominal rate and the real interest rate.
It can be found as:
= Nominal rate - Real interest rate
Solving gives:
= 18% - 8%
= 10%
In conclusion, the inflation rate is 10%.
Find out more on inflation rates at brainly.com/question/25877453.
Answer:
B. $32.37
Explanation:
The computation of the maximum price for paying the share today is shown below:
Let us assume the buying price be x
Now we applying the following formula
Return = (sale price - buy price + dividend) ÷ (buy price)
12% = ($35 - x + $1.25) ÷ x
0.12 = $36.25 - x
1.12x = $36.25
x = $36.25 ÷ 1.12
= $32.37
Hence, the correct option is B.
Answer:
$9,156
Explanation:
Income = (Sales-expenses) + $10,000
Income = ($1,670,200 - $1,536,600) + $10,000
Total income = $143,600
Tax = Income * Tax Rate = $143,600 * 0.21 = $30,156
Now, total taxes payable is $30,156,but they estimated that payment to be $21,000, So company C has reserved $21,000 for future tax payments
So, Net deferred tax payable = $30,156 - $21,000 = $9,156. Therefore, ending balance of taxes payable on the 20X1 balance sheet is $9,156.
Answer:
a) The amount of annual depreciation by straight-line method = Cost of the asset - Salvage Value / Number of years in useful life
= ($90,000 - $12,000) / 25 years
= $78,000 / 25 years
= $3,120
Thus, the amount of depreciation under straight-line method is $3,120.
b) Depreciation for first year under double declining balance method = Cost of the asset / Number of years in useful life * 2
= $90,000 / 25 years * 2
= $7,200
Thus, the amount of depreciation for the first year under double declining balance method is $7,200.
Depreciation for second year under double declining balance method = Cost of the asset - First year depreciation / number of years in useful life * 2
= $90,000 - $7,200 / 25 years * 2
= $6,624
Thus, the amount of depreciation for the second year under double declining balance method is $6,624.
