Answer:
$ 244 million
Explanation:
Calculation for how much has GE saved in taxes by choosing LIFO over FIFO method for costing inventory
Tax rate Amount (In millions)
LIFO $ 10,315.00 35% =$ 3,610.25
FIFO $ 11,012.00 35% =$ 3,854.20
Savings in taxes $ (697.00) $ (243.95)
Hence,
Savings in taxes=$ 3,610.25 million-$ 3,854.20 million
Savings in taxes=($243.95 million)
Savings in taxes=($ 244 million) Approximately
Therefore the amount that GE saved in taxes by choosing LIFO over FIFO method for costing inventory will be $ 244 million
Answer:
5%
Explanation:
Data provided in the question:
Present value of the company, PV = $300,000
Current Profits, π₀ = $11,000
Interest rate, i = 9% = 0.09
Now,
we know,
here,
g is the growth rate
on rearranging, we get
g = 
on substituting the respective values, we get
g = 
or
g = 0.05
or
g = 0.05 × 100%
= 5%
Answer:
$58,002.60
Explanation:
First, it is clear to include the $21,000 as part of the value of the equipment.
Now, the $9,000 annual payment after every year for six years need to be presented in its present value, meaning what is the value of those future amounts of $9,000 on June 30, 2018.
To calculate the present value of annuity (annuity means constant and equal payments) for those 6 payments of $9,000, we would need the Present Value Factor which is supplied from the Present Value Table.
Looking at 12% for 6 periods ("six annual installments") on the table, it gives the PV factor of 4.1114.
Just multiply $9,000 by 4.1114 and we get 37,002.60
Finally add the downpayment of $21,000 with the present value $37,002.60 and we would get the total value of the equipment of 58,002.60
Why am I sending this message?
What do I hope to achieve by sending this message?
Explanation:
First and foremost, to define the intent to which the letter is sent prior to writing the business message.
Good writing allows the author to carefully think about the intent of writing, to prepare what he can say, to plan how he can communicate and to consider what the reader needs to know. It also involves reviewing and revising strategies and documents to enhance them.
Editing is an examination of a text to correct any errors. These errors could be as simple as orthography or grammar errors, or as complicated as your written flow and clarity. Many authors find the editing checklist useful when their own work is corrected.
The other day, someone asked me about the last time my ethics had been tested at work and how I reacted.
I wasn’t sure how to respond. It’s a good question, and I wanted to answer it. Still, I hesitated to reveal too much about some of the less-than-honest bosses I’ve reported to in the last two decades.
These are bosses who lied, gossiped about their staff to other staff, broke confidences, fudged numbers to governmental agencies, botched payroll tax withholdings and covered it up, and willfully and recklessly turned a blind eye to leadership abuse — for starters.
