Answer:
C $ 596.39
total payment 7,156.68
Interest expense 2,156.68
Explanation:
6,000 - 1,000 = 5,000 amount to finance
We will calcualte the cuota of an annuity of 6 years with semianual payment at 12% annual rate.
PV $5,000.00
time 12 (6 years times 2 payment per year)
rate 0.06 (12% annual we divide by 2 to get semiannual)
C $ 596.39
The total amount paid will be the cuota times the time of the loan:
Total amount paid
596.39 x 12 = 7,156.68
The interest will be the difference between the total amount paid and the principal of the loan
Interest paid
total payment 7,156.68
principal (5,000)
Interest expense 2,156.68
This change is called condensation.
Answer:
B. 26,000, 24,000.
Explanation:
Stock Company
Equivalent units
Particulars Units % of Completion Equivalent Units
Mat. Conversion Mat. Conversion
Transferred Out 23000 100 100 23000 23000
<u>Ending WIP 3000 100 331/3% 3000 999.9= 1000</u>
<u>Total Equivalent units 26000 24000</u>
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The Equivalent units can be calculated either by adding the units transferred out and ending WIP or by adding beginning WIP and units started.
Equivalent units for materials 26000
and Equivalent units for conversion are: 24000
Answer:
B) The State Disability Insurance (SDI) program benefits received for a period of disability are not taxable as income, but benefits received for time off under the Paid Family Leave program are federally taxable as income.
Explanation:
Disability insurance benefits are not reported for tax purposes with one exception. If a person are receiving unemployment insurance benefits,
become unable to work due to a disability, and begin receiving disability insurance benefits, your disability insurance benefits are considered a substitution for your unemployment insurance benefits, and will then be reported for tax purposes.
If disability insurance benefits are reported, a notice will accompany the first benefit payment sent to you advising that the benefits are being reported to the Internal Revenue Service. The employment development department will provide you with a 1099G tax form in January showing the reported amounts paid and forward a copy to the Internal Revenue Service.
Paid family leave benefits are reported for federal purposes but not state tax purposes.
Paid family leave benefits are not taxable or reported to the California State Franchise Tax Board.
