Answer:
Just like a job, Entrepreneurship is one of the option to generate income.
The thing that differentiate Entrepreneurship and a Job is the potential risk and benefits. Entrepreneurship tend to have higher risk of failure compared to a job. But, it also possess the higher potential of income.
If you don't get a job and want to turn to entrepreneurship, the first things you need to get are ideas & Capital.
Ideas determine the type of business that you want to make along with marketing strategy and market market. Your capital is the resources that you need to make your ideas into reality.
Capital could be obtained from Loan, savings, or investment.
For example, One of the sector with lowest Capital is Software , internet content, or digital marketing. But you have to have enough skill in coding or art. you can Find the learning resources for practically zero cost online.
Pete and Shirley are filing a joint return. the total amount of their exemptions for tax year 2018 is $0
Option A
Explanation:
For 2018, there are no personal exemptions, therefore the total amount of exemptions for 2018 will be $0.
If your taxable income is $0, a tax filer is in the 0-percent band.
For eg, Filer A could have $24,000 in wages and then the standard deduction lowers it to $0. Although Filer A does not have any taxable income, he or she has income earned to be liable for the refundable loan.
Answer:
The present value of the deferred annuity payments that the company will pay to its CEO
Explanation:
This can be calculated using an appropriate discount rate. Suppose the discount rate is 10% and the present value of payment reciept in the year 6, 7, 8, 9 and 10 will be calculated using the following formula:
Present Value = Cash flow * 1/(1+r)^n
PV of Yr 6 payment = $2 million * 1/(1+10%)^6 = $2 million * 0.564= $1.13M
PV of Yr 7 payment = $2 million * 1/(1+10%)^7 = $2 million * 0.513= $1.03M
PV of Yr 8 payment = $2 million * 1/(1+10%)^8 = $2 million * 0.467= $0.933M
PV of Yr 9 payment = $2 million * 1/(1+10%)^9 = $2 million * 0.424= $0.848M
PV of Yr 10 payment= $2 million* 1/(1+10%)^10 = $2 million * 0.386= $0.771M
So the total liability = $1.13M + $1.03M + $0.933M + $0.848M + $0.771M = $4.652. So this is the liability on a discount rate 10% choosen.
Answer:
c) $5,000
Explanation:
Kansas Plating Company
Cost of Goods Manufactured.
DM used $40,000
Add Direct labor $70,000
Add Overhead $180,000
Total Manufacturing Costs 290,000
Work in Process Inventory
Add Begin. Inv. 5000
Avail. for mfg. 295,000
Less End. Inv. 3,500
0
Cost of goods mfg 260,000
As the beginning balances of materials direct labor and FOH are given we add these to get total manufacturing costs and also the ending balances are given of Cost of Goods Manufactured and ending Inventory we calculate backwards to get to the Work In Process opening Inventory.