Answer:
Annual depreciation= $7,996
Explanation:
Giving the following information:
Purchase price= $42,000
Useful life= 5 years
Salvage value= $2,020
<u>To calculate the annual depreciation under the straight-line method, we need to use the following formula:</u>
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (42,000 - 2,020) / 5
Annual depreciation= $7,996
Outstanding shares will be 12,000 shares.
These are calculated as follows:
Here the number of shares are as follows;
Authorized shares are 20,000, Issued shares are 15,000, Treasury shares are 3,000
Therefore, the number of outstanding shares can be calculated as follows
Number of outstanding shares = Issued stock- Treasury stock
= 15,000-3,000
= 12,000
Hence the number of outstanding shares is 12,000
To know more about outstanding shares here:
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Answer: $413.81
Explanation:
Price of a bond = Present value of coupon payments + Present value of face value
Coupon is a constant payment so is an annuity.
Coupon = 6% * 1,000 = $60
Price of bond = Present value of annuity + Present value of face value
= (Coupon * Present value interest factor of annuity (PVIFA), 27 periods, 15%) + (Face value / (1 + rate) ^ number of periods)
= (60 * 6.514) + (1,000 / (1 + 15%)²⁷
= $413.81
Answer: B - $7,150
Explanation: Standard taxation is an option by IRS to reduce an inidvidual taxable income. this is subject to an individuals filling status.
Phil who is aged 20, single and who can claim a dependent on his parents tax filling return. As of 2019, his standard tax deduction is limited to his earned income plus $350.
According to the above question, Phil earns $7,000 as wages plus $150 in interest income.
From the above information, Phil has a standard tax of $7,150.
It is so they have more money for the business
