Answer:
Option (b) is correct.
Explanation:
When the united states offered a tax credit to the firms that built the new factories then this will increase the demand for loanable funds because every firm wants to built a new factory, so that they are eligible for the tax credit given by the U.S.
This increase in the demand for loanable funds at the ongoing interest rate would shift the demand curve of loanable funds rightwards and this economy is experiencing a situation where the demand of loanable funds is greater than the supply. This will create a shortage of loanable funds.
Answer:
$1,565
Explanation:
Enter the following inputs into financial calculator, we will have:
n = 3 years
Present value (PV): The amount that you should pay for the annuity. This is the missing value we need to calculate
Future value (FV): FV = 0, there is no future value of an annuity
PMT: The amount that annuity pays per year. ($850)
i/r = 5.5%: The interest you expect to receive from the annuity
PV = $1,484
Since the payment is made at the beginning of each year, you should multiply the PV amount by (1+0.055)
The final answer would be 1,484 x 1.055 = $1,565
The most you should pay is $1,565
Answer:
C. $682,000
Explanation:
Given the above information, the computation of cash dividend is seen below;
Beginning retained earnings (2020) + net income - Stock dividend - Cash dividend = Retained earnings
$1,440,000 + $1,008,000 - ($499,000 + $99,000) - Cash dividend = $1,168,000
$2,448,000 - $598,000 - Cash dividend = $1,168,000
Cash dividend = $2,448,000 - $598,000 - $1,168,000
Cash dividend = $682,000
Answer:
The new income will be higher by $22,800.
Explanation:
The net income is the actual earnings of the business which is determined from the profit or loss statement by deducting all the expenses from the revenues earned.
The effect of the adjusting entries on the net income will be as follows:
1) Insurance expense will be of $8,000. It is charged for the period of three months only. This will decrease the net income.
2) Interest revenue will be of $1,200. It is charged for 6months. This will increase the net income.
3) The depreciation expense of $16,000. This will decrease the net income.
Therefore for the overall effect on the net income, if there will be no effect of the above adjustments then it will show net income by higher amount then the actual net income, by $22,800.
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