Answer:
The net income is change by $0.416 million
Explanation:
The computation of change in the net income is shown below:
= Increase in depreciation × (1 - federal-plus-state income tax rate)
= $0.64 million × (1 - 35%)
= $0.64 million × 0.65
= $0.416 million
he other items which are presented in the question are irrelevant. Thus, these cost will not be considered in the computation part. Hence, it is ignored
Answer:
9.39%
Explanation:
Base on the scenario been described in the question, the effective cost of refinancing is 9.39%
Answer:
b. 29,800.
Explanation:
Number of units out in January = 25,000 units completed during month + 80% of 6,000 units completed at month end
= 25,000 + 4,800
= 29,800
A budget is a plan you make to decide how you spend your money.
To make a budget you must decide how much of your money you want to spend and how much of it you want to set aside. To balance a budget, keep track of all your expenses, payments, and income.
Answer: 73days
Explanation:
$1,307 interest on $45,000 at 4.0%
Time used in paying back the loan is calculated thus:
Principal is $45,000
Interest is 4.0%
Tenor is x
Using the Simple Interest formula
I= P x T x R/100
1,307 = 45,000 x T x 0.04/100
1,307= 1,800T/100
1,800T = 1,307 x 100
1,800T = 130,700
T = 130,700/1,800
= 72.6
= 73days