Answer:
The interest expense is $521
Explanation:
The amount of interest expense for the fiscal year is the interest expense of 31 days which ,in other words the interest incurred only in the month of July ,calculated thus:
interest expense=days in the month/360days*interest rate*loan amount
interest expense=31/360*10%*$60,500=$ 521
The interest expense for the current fiscal year rounded to the nearest dollar amount is $ 521
Lowering the discount rate can promote full employment because <span>companies are more likely to expand and hire more workers. High inflation is the circumstance which usually accompanies a period of economic expansion. </span>
Answer:
$220 million
Explanation:
According to given information in question:
Assets = $400 million
Liabilities = $180 million
Accounting Equation:
Assets = Equity + Liabilities
$400 million = Equity + $180 million
Equity = $400 million - $180 million
Equity = $220 million
Based on the accounting equation, Prosian Italia's owners' equity is equal to $220 million.
In order to calculate the depreciation using the double declining balance method you must first calculate the amount of depreciate using the straight line method. After you calculate it by the straight line method, you simply need to double it for this this problem.
The original price is $20,000, and then subtract the $2,000 estimated trade in value and the answer is $18,000. This is the amount that you need to depreciate.
Straight line method: $18,000 divided by the 5 year useful life = $3,600 per year.
Double declining balance = $3,600 x2 = $7,200 per year depreciation.
Year Depreciation Amount
1 7,200
2 7,200
3. 3,600
<span>The death benefit of a(n) variable and universal life insurance policy may go down because of poor investment returns.
Universal life insurance and variable life insurance are two types of permanent life insurance, in this case if the the person who insured dies any time</span><span> as long as there is enough cash value to pay the costs of insurance in the policy, the death benefit will be paid. </span>
