Answer:
the interest payable is $210,000
Explanation:
The computation of the interest payable is shown below:
= Principal payments × rate of interest × no of months ÷ total no of months × time period
= $350,000 × 6% × 6 months ÷ 12 month × 20years
= $210,000
hence, the interest payable is $210,000
The same should be considered and relevant
Answer:
The correct answer is letter "C": tax.
Explanation:
The Federal Income Tax is collected by the U.S. <em>Internal Revenue Service</em> (<em>IRS</em>) based on the annual earnings of individuals, corporations and all legal entities. It is considered to be the largest source of revenue for the government. In general, they are called taxes.
Answer:
The simple rate of return is 37.5%
Explanation:
Simple rate of return is the percentage of return on investment that takes the net annual return cash flow of an investment and compare with initial capital of the investment. It is calculated with this formula:
<u>Total annual return - Depreciation expense</u>
Initial capital outlay
For farmer Joe, the simple rate of return is:
<u>$20,000 + $25,000 + $30,0000 -$0</u> x 100
$200,000
= <u>$75,000</u> x 100
$200,000
= 37.5%
Depreciation expense is assumed to be zero.
For imports:
You import when there is lack of production in your own country
or when another country offers a cheaper price and/or better quality good than your own country's industry
for exports:
production surplus.
