<em>In a firm's income statement, interest payments on debt are deducted </em><em>before </em><em>corporate taxes are calculated, which</em><em> reduces</em><em> the firm's tax liability.</em>
<h3>Income statement: What is it?</h3>
An overview of the company's operations for a specific time period is provided in the income statement. The revenue (gross and net sales), cost of products sold, operational expenditures (selling and general and administrative expenses), taxes, and net profit or loss are the statement's primary components.
<h3>What is displayed on a firm's income statement?</h3>
The statement logically and coherently presents the company's revenue, costs, gross profit, selling and administrative expenses, other expenses and income, taxes paid, and net profit.
learn more about firm's income statement here <u>brainly.com/question/14733237</u>
<u>#SPJ4</u>
Answer:
The correct answer is (C) $401,302
Explanation:
To get how much the contest winner actually won, we have to calculate the amount receive at the end of each year discounted at this moment. Then, we added all the payments.
For example, the first payment in $200,000 at this moment, so we add $200,000.
At the end of the first year we receive $30,000, and the rate of discount is 8%
The formula of discount is P=A/ (1+r)ⁿ
A=Final amount
P= Principal
r= interest rate
n= time
Year 1 = A/ (1+r)ⁿ
=$30,000/1,08¹= 27777,77
Year 2 =$30,000/1,08²= 25720,16
Year 3=23814,96
Year 4=22050,89
Year 5=20417,49
Year 6=18905,08
Year 7=17504,71
Year 8=16208,06
Year 9=15007,46
Year 10=13895,80
Total 401302,44
Contract outlining the terms under which a landlord agrees to rent property to a tenant :)
Electronic communications tend to be more casual
Answer: 20 women
Explanation:
Making the total number of women in the club 'x', we can then do the following,
Total Number of Names in Hat, N
N = x + 10 ( total number of men)
therefore total number of names in the hat N=x+10
We need to select 3 people so sample size = 3
Using the Hypergeometric Distribution then we can then use the formula,
Expected number of women on the Committee = k * n / N
Where k is the total number
2 = x * 3 / (x + 10)
2 = 3x/(x +10)
3x = 2x +20
x = 20
There are 20 women in the club.
