Answer:
7.36%
Explanation:
Nper = (10-2)*2 = 16
Pmt = 1000*8.7%/2 = 43.5
Pv = -108%*1000 = -1080
Fv = 1000
YTM = Rate(Nper, pmt, -Pv, Fv)*2
YTM = Rate(16, 43.5, -1080, 1000)*2
YTM = 0.036795696 * 2
YTM = 0.073591392
YTM = 7.3591392%
YTM = 7.36%
Answer:
A) $424,000
Explanation:
Madison Corporation's current earnings and profits for 20x3 would be:
reported taxable income - accrued federal income taxes + regular depreciation - E&P depreciation + net capital loss carryover =
$400,000 - $136,000 + $200,000 - $60,000 + $20,000 = $424,000
It means that a person has died without a will.
Answer: Rs. 120,000
Explanation:
At the end of the year, both assets and liabilities had doubled. New asset and liability figures are therefore:
Assets = Rs. 200,000
Liabilities = Rs. 100,000
Net income is part of equity and as there is no equity, net income must be the entire equity.
Assets = Equity + Liabilities
200,000 = Equity + 100,000
Equity = 200,000 - 100,000
= Rs. 100,000
From this Net income, dividends were distributed to the tune of Rs. 20,000. This should be added back to see the full figure.
= 100,000 + 20,000
= Rs. 120,000