The interest from an investment is calculated through the equation,
I = P x i
Where I is the interest, P is the principal amount and i is the
interest rate.
P = I / i
Substituting the known values,
P = ($9.99) / (0.018/100) =
$55,500
The nearest value to the obtained value above is $55,555. Thus, the
answer to this item is the first choice.
Answer:
$125,000
Explanation:
total assets $160,000 = total liabilities $90,000 + total equity $70,000
income statement:
revenues $210,000
<u>expenses $120,000</u>
net income $90,000
<u>- dividends $35,000</u>
retained earnings $55,000
stockholders' equity at end of the year = $70,000 + $55,000 = $125,000
Answer:
Administrative costs allocated to Mixing: $96,000;
Administrative costs allocated to Bottling: $64,000.
Explanation:
Total number of employees = Number of employees in Mixing + Number of employees in Bottling = 300 + 200 = 500 employees.
Number of administrative cost allocation per 01 employees = 160,000 / 500 = $320 per employees.
Administrative costs allocated to Mixing = Number of administrative cost allocation per 01 employees x Number of Employees in Mixing = 320 x 300 = $96,000
Administrative costs allocated to Bottling = Number of administrative cost allocation per 01 employees x Number of Employees in Bottling = 320 x 200 = $64,000.
Answer:
$5,000
Explanation:
According to the Internal Revenue Service, the amount of deduction for startup costs would be limited to $5,000 if the startup costs are $50,000 or less
However, if the start-up costs were more than $50,000, the deduction would be decreased by the dollar amount.
Since in the given scenario, the $18,000 is the startup cost so she is eligible for the deduction of $5,000