That statement is false
If you're using a straight line method, the amount of depreciation throughout the year will be determined using a single percentage equation.
Therefore, the amount of depreciation by using method will be exactly the same throughout the year, not like it mentioned on the statement above
$45,000 would be your net worth
10% of 50,000 is 5,000 so subtract 5,000 from 50,000 and you get 45,000
<span>Capital market instruments, also known as "securities" are:
Stocks & Bonds - Certificates of ownership stakes & loans to a company by an individual or group.
Treasury Bills - Certificates of government security that are bought at a discounted rate and redeemed for face value.
Debentures - General credit loan certificate given by a company based on its perception rather than its assets.
Foreign Exchange - The system used to handle other countries currency.
Fixed Deposits - Certificate of an institute which allows for higher interest rates if held until the maturity date.</span>
Answer:
False
Explanation:
The first part of the statement is not only false but also counterproductive. If the firm tries to sell things to people who cannot afford them, it will probably not make a lot of profit, by definition.
The second part is simply unethical. For example, a cigarette company should not sell cigarettes to teenagers, it is unethical and also illegal.
Answer: $122.40
Explanation:
Jack's year to date pay has already exceeded the $7,000 limit on which State and Federal Unemployment taxes can be charged on his pay.
The amount the employer will pay is;
= FICA OASI Tax + FICA Medicare tax
= (1,600 * 6.2%) + (1,600 * 1.45%)
= 99.20 + 23.20
= $122.40