$900,000
Depreciation for the year $600,000
Employee bonuses $1,200,000
Total expenses for the year 1,800,000
Expenses to be reported in interim income statement 1,800,000=$900,000
Answer: (1)revolving credit, (2)installment account,& (3)charge card
Explanation:
(1)Borrowers have a fixed credit line that is replenished as the outstanding balance is paid off.

(2)Borrowers have to make regular payments under fixed terms.

(3)Consumers can shop using credit at specific locations.
Answer:
The WACC is 11.64%
Explanation:
The weighted average cost of capital or WACC is the cost to firm of raising its total capital based on its capital structure. The capital structure of the firm can contain debt, preferred stock and common stock. The WACC take the weight of each component as a proportion of total value of assets and multiply it by the rate of return or cost of each component.
WACC = wD * rD * (1-tax rate) + wE *rE
Where,
- wD and wE represent the weights of debt and equity as a proportion of total assets
- rD and rE are the cost of debt and cost of equity
- We multiply rD by (-tax rate) because we take after tax cost of debt for WACC calculation
Weight of debt = 2000000 / (2000000 + 3000000) = 2/5 or 0.4
Weight of equity is = 1 - 0.4 = 0.6
WACC = 0.4 * 0.06 * (1-0.4) + 0.6 * 0.17
WACC = 0.1164 or 11.64%
Answer:
that this antipoverty program costs the government more money.
Explanation:
The criticism would be that the that this antipoverty program costs the government more money. If the government should phase its support to anti poverty payments more slowly, the criticism would be that the programs costs more money.
Therefore this option is the right answer
Answer:
$98,000
Explanation:
Use the following formula to calculate the net income
Net income = Ordinary income + Interest income - long term capital loss - Charitable contribution
Ordinary income = $100,000
Interest income $3,000
Long term capital loss = $4,000
Charitable contribution = $1,000
Placing values in the formula
Net Income = 100,000 + 3,000 - 4,000 - 1,000
Net Income = $98,000
