Answer:
$38,663.61
Explanation:
Given:
Principle amount = $5,000
Duration, n = 50 years
Now,
With interest rate 7.5%
Future value = Principle × ( 1 + r )ⁿ
thus,
Future value = $5,000 × ( 1 + 0.075 )⁵⁰
or
Future value = $185,948.73
With interest rate 7%
Future value = Principle × ( 1 + r )ⁿ
thus,
Future value = $5,000 × ( 1 + 0.07 )⁵⁰
or
Future value = $147285.12
Hence,
The additional amount to be gifted = $147285.12 - $185,948.73
= $38,663.61
Answer: The small frequent purchases means purchasing small budget goods and services in a short duration.
Explanation:
Advantages of small frequent purchases: It reduces the inventory levels.
Disadvantages of small frequent purchases: It increases the inbound transportation costs.
Using fewer supplier means to fill up the delivery transportation to its capacity of loading so that goods can be delivered at low transportation cost.
Answer:
The amount of net income reported in 2020 income statement would be $75,000.
Explanation:
Pretax accounting income for 2020 = $100,000
Income tax expense for 2020 = Current tax + Reversal of Deferred tax assets
= ($100,000 - $100,000)*25% + ($100,000*25%)
= $25,000
Amount of net income reported in 2020 income statement = Pretax accounting income - Income tax expense
= $100,000 - $25,000
= $75,000
Therefore, The amount of net income reported in 2020 income statement would be $75,000.
Answer and Explanation:
A. When the employees are more educated and have the higher income as compared with the less educated employees so here education would be indepedent variable and the income is dependent variable. Also the relationship between these two variables i.e. education and income is positive
Therefore the same is relevant
By selling the asset for a profit
