Read the sentence.

Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises. TIGER ENTERPRISES

Strike441 [17]

Answer:

Net Income $

Income before income taxes 3,860

Income tax expense 1,544

Net income 2,316

Explanation:

Net income is calculated as income before income taxes minus income tax expense.

8 0

3 years ago

A project has cash flows of -$152,000, $60,800, $62,300, and $65,000 for years 0 to 3, respectively. The required rate of return

Blababa [14]

Answer:

c. 11.32; reject

Explanation:

The IRR is the rate at with net present value equals zero.

$-152,000 + \frac{60,800}{1+IRR} +\frac{62,300}{(1+IRR)^{2} } +\frac{65,000}{(1+ IRR)^{3} } = 0$

$\left[\begin{array}{cc}Period&Cash Flow\\0&-152,000\\1&+60,800\\2&+62,300\\3&+65,000\\4&0.113237029\\\end{array}\right]$

To solve it you use excel or a financial calculator:

0.1132370

Because the IRR is lower than minimun aceptable rate of return, the project should be rejected.

7 0

3 years ago

Does a monthly fixed-rate mortgage payment change?

Semenov [28]

A fixed-rate mortgage's great benefit would be that your monthly payment won't change throughout the duration of the loan. The principal and interest, which make up a portion, won't alter.

What is a mortgage and how does it take a job?

When you get a mortgage, your lender will give you a certain amount of money to buy the house. You agree to pay interest while repaying the loan over a period of years.

What salary is used to cover the mortgage?

The 28% rule states that your mortgage payment ought to be 28% less than of your gross monthly income. To figure how much you can spend using this strategy, multiply your monthly total pay by 28%.

To know more about Mortgage visit:

brainly.com/question/8084409

#SPJ4

6 0

11 months ago

Roberto Designers was organized on January 1, 2018. The firm was authorized to issue 140,000 shares of $5 par value common stock

Phoenix [80]

Answer:

The total stockholder's equity at the end of the year will be $352,000.

Explanation:

The issue of common stock at $7/share= 14,000*$7=$98,000

The issue of common stock at $8/share= 28,000*$8=$224,000

The net income is $140,000.

The dividends paid= $70,000.

Purchase of treasury stock= 4000*$10=$40,000

The total stockholder's equity

=The issue of common stock at $7/share+The issue of common stock at $8/share+The net income-The dividends paid-Purchase of treasury stock

=$98,000+$224,000+$140,000- $70,000-$40,000

=$352,000.

7 0

3 years ago

Which one of the following statements is correct? Question 19 options: A longer payback period is preferred over a shorter payba

stich3 [128]

Answer:

The payback period ignores the time value of money.

Explanation:

This could primarily be classified to be amongst the major disadvantages of the payback period that it ignores the time value of money which is a very important business concept. In the other hand, the payback period disregards the time value of money. It is determined by counting the number of years it takes to recover the funds invested. Some analysts favor the payback method for its simplicity. Others like to use it as an additional point of reference in a capital budgeting decision framework.

The payback period does not account for what happens after payback, ignoring the overall profitability of an investment.

8 0

3 years ago