In horizontal filling, documents are placed in a horizontal position, one on the top of another in order of date and the latest document is kept on the top. The best example of horizontal filing is flat files and arch lever file.
Answer:
22.7 %
Explanation:
Accounting rate of return = Average Profits / Average Investments × 100
Where,
Average Profit = Sum of Profits ÷ Number of Years
= $35,000
and
Average Investment = (Initial Investment + Salvage Value) ÷ 2
= ($278,000 + $30,000) ÷ 2
= $154,000
Therefore,
Accounting rate of return = $35,000 ÷ $154,000
= 22.7 %
Answer:
c. -$1 billion and $3 billion.
Explanation:
GDP = C + I + G
20 = 15 + 2 + G
G = 20 - 15 - 2 = 3
The government spending is 3 billion. which makes only option c or d correct.
Now we need to solve for public savings:
Taxes - Goverment Spending = Public savings
2 - 3 = -1
the government runs with a 1 billion deficit.
This makes option c correc
Answer:
$210,000
Explanation:
Cost of Borrowings (Interest expense) = Amount of Borrowings * Rate of Interest = $3,000,000 * 10% = $300,000
Tax on Borrowings = Cost of Borrowings * Rate of tax = $300,000 * 30% = $90,000
Net Cost of Borrowings = Cost of Borrowings - Tax on Borrowings
Net Cost of Borrowings = $300,000 - $90,000
Net Cost of Borrowings = $210,000
So, the annual net cash cost of this borrowing if the income tax rate is 30% is $210,000.
