Answer:
The answer is: Knottworth Gedding should report $1,725,000 as interest expense in its 12/31/2021 income statement
Explanation:
The formula for calculating the amount of interest expense is:
interest expense = discount rate x (present value - yearly payment) x time
- Discount rate = 10%
- Present value = $40,500,000
- Yearly payment = $6,000,000
- Time = 6 months / 12 months = 0.5
interest expense = 10% x ($40,500,000 - $6,000,000) x 0.5 = $1,725,000
Answer:
$8,000
Explanation:
Since Mary is not 59 1/2 years old yet, the distributions she gets from her Roth IRA will be taxed (she only met the 5 year rule). She will have to pay a 10% penalty and income taxes on the earnings that she withdraws.
Mary will have to pay only for the earnings that she withdraws, and luckily for her the contributions are withdrawn first. Mary's earnings = $38,000 - contributions = $38,000 - $30,000 = $8,000
Answer:it is 0.09290304 m4
Explanation:
Go for an interview but you are basically interviewing them. or you could ask sit around the place and see what thet do and tell them that you are interested in working there. you could aslo look at reviews online (if they are a bigger company)
Answer:
b. first-in, first-out.
Explanation:
Generally, there are three methods for estimating the inventory shown below:
1. First-in-first, the company is selling the old products in this way than the new ones, which means first selling the old products and then selling the new ones
2. Weighted average method: Weighted cost is measured by considering the total revenue and total purchase
3. Last-in-first-out: Contrary to the first-in-first-out process, the first sale of new goods, then selling of old goods.
4. Base stock: The process by which the orders of the consumer are fulfilled by holding the less inventory
In the FIFO method, the highest ended inventory results in the lower cost of goods sold at the highest net profits.
