Answer:
<u><em>Statement of Payments</em></u>
Explanation:
<em><u>Statement of Payments</u></em> include veterans’ payments, welfare, and social security payments..
<u><em>Social Security Benefits </em></u>are payments made to qualified retirees, disabled persons, to their spouses, children and survivors etc.
<u><em>A statement of payments</em></u> is usually submitted with income tax return to receive the Senior Citizens'€™ Exemption.
Answer:
the future value of the cash flow in year 4 is $5,632.73
Explanation:
The computation of the future value of the cash flow in year 4 is as follows:
= $1,075 × (1.08^3) + $1,210 × (1.08^2) + $1,340 × (1.08^1) + $1,420 ×(1.08^0)
= $1,354.19 + $1,411.34 + $1,447.20 + $1,420
= $5,632.73
Hence, the future value of the cash flow in year 4 is $5,632.73
The same is to be considered and relevant
It attracts new customers and gets positive response.
Good marketing attracts more customers, more customers means more profit deeming it to be successful.
Answer:
d. Straight-line.
Explanation:
Depreciation: Depreciation is an expense indicating a reduction in the value of fixed assets due to tear and wear, obsolescence, usage, time period, etc. It is shown on the income statement debit line. It is a non-cash item not impacting the cash balance.
In the straight-line method, the depreciation expense would be lowest in this method and it remains the same for the remaining useful life
In the double-declining method, the depreciation rate is doubled and contain the highest value
In the sum of the year digit, we sum the useful life like 5 years so we sum 5+4+3+2+1 = 15 years and divide it to the useful life i.e 5
In the composite or group, the depreciation is taken for the group, not for the individual company
Answer:
D. $1400
Explanation:
Given that
Tax rate = 28%
New purchase reduces cost by 10 cents
Copier makes $50000
Thus,
Annual taxes on purchase = (50000/10) × 28%
= 5000 × 28%
= 5000 × 0.28
= $1400
Therefore, Annual taxes on purchase is $1400.
