Answer:
Total amount= $2,055.38
Explanation:
Simple interest is defined as the amount that a lender charges the borrower for the funds collected. The borrower pays back the principal collected and the interest to the lender.
Simple interest is calculated as principal multiplied by time multiplied by interest rate.
Interest= principal * time * rate
Interest= 1,890* 2.5* 0.035
Interest= $165.375
Therefore total amount of money in the account is
Total amount= principal + Interest
Total amount= 1890+ 165.375
Total amount= $2,055.375~ $2,055.38
Answer:
$6,480,000
Explanation:
The computation of the amount of the current liabilities is shown below:
Total assets of $11,200,000
Less: Noncurrent assets $1,480,000
Current Assets = $9,720,000
Now as we know that
Current ratio = Current Assets ÷ Current Liabilities
Current Liabilites is
= $9,720,000 ÷ 1.5
= $6,480,000
hence, the current liabilities is $6,480,000
Answer:
Explanation:
Given:
Current value, C = $60000
Assessed value, A = 30 percent of its current value
= 30% × C
Equalisation factor, E = 1.25
The tax rate is $4 per $100 of assessed valuation.
Assessed value, A = 30/100 × 60000
= $18000
Total assessed valuation = assessed value × E
= $18000 × 1.25
= $22500
Tax rate of $4/$100 × assessed valuation
Tax amount = tax rate × assessed valuation
= ($4 × $22500)/$100
= $900
Answer: $5510
Explanation:
For organizations cost up to $50,000, there'll be a deduction of $5000. The remaining non deductible expense will then be spread out for 180 months. Here, the non deductible cost will be:
= ($13200 + $7100) - $5000
= $20300 - $5000
= $15300
The capitalized cost will then be:
= $15300 / 180
= $85 per month.
Since there's an ammortization of 6 months from July, then the capitalized cost will be:
= $85 × 6
= $510
Therefore, the amount that should be deducted on its first tax return will be:
= $5000 + $510
= $5510
Answer:
Please find solution attached below
Explanation:
