I worked 42 hours and got paid $ 12.00 an hour, what is my net pay for the week ?

With no inflation, a bank would be willing to lend a business firm $5 million at an annual interest rate of 6%. But if the rate

MAXImum [283]

Answer:

The nominal interest rate which the bank will offer is of 10.24%

Explanation:

according to Irwin formula the bank will charge a nominal rate that ensures a real rate of 6% thus:

$\frac{1+r_n}{1+ \theta} -1 =r_e$

$(1+r_e)(1+ \theta) -1 = r_n$

1.06*1.04-1 = 0.1024 = 10.24%

8 0

3 years ago

Vandiver Company had the following select transactions:

Tamiku [17]

Answer:

1. April 1, 2017 Accepted Goodwin Company's 12-month, 10% note in settlement of a 30400 account receivable

Dr Notes receivable__30.400

Cr Accounts receivable______30.400

2.July 1, 2017 Loaned 32,400 cash to Thomas Slocombe on a 9-month, 8% note.

Dr Notes receivable__32.400

Cr Cash___________________32.400

3. Dec. 31, 2017 Accrued interest goodwin company

Dr Interest receivable_2.280

Cr Interest revenue_______2280

3. Dec. 31, 2017 Accrued interest slocombe

Dr Interest receivable_1.296

Cr Interest revenue_______1.296

4.Apr. 1, 2018 Received principal plus interest on the Goodwin note.

Dr Cash_33.440

Cr Notes receivable_____30,400

Cr Interest revenue________760

Cr Interest receivable_____2280

5. Apr. 1, 2018 Thomas Slocombe dishonored its note; Vandiver expects it will eventually collect

Dr Accounts receivable_33.944

Cr Notes receivable______32.000

Cr Interest revenue_________648

Cr Interest receivable______1296

Explanation:

Interest calculation Goodwin

Account receivable_30400

Interest rate_________10%

Interest___________3040 12 months

Interest___________2280 From april 2018 to december 2018

Interest____________760 From january 2018 to march 2018

Interest calculation Slocombe

Account recievable_32400

Interest rate_________8%

Interest__________2592

Monthly___________216

Interest__________1296 6 months interest

Interest___________648 3 months interest

6 0

3 years ago

On January 1, year 1, Dave received 1,000 shares of restricted stock from his employer, RRK Corporation. On that date, the stock

butalik [34]

Answer:

Taxes on January 1, year 1= $1400

Taxes on Dec 31, year 4=$3300

Explanation:

The question relates to 'EQUITY GRANT', which is some sort of compensation given to somebody, especially/specifically to employees of an entity provided that certain conditions/vesting requirements are satisfied by the employee.

Now on January 1, year 1 Dave has received 1000 shares, for him the shares received is treated is income for Dave, as the shares are being offered against certain services rendered by Dave to RRK corporation. So on January 1 Dave would record income and pay income tax as follows:

Value of shares on Jan 1/ income= 1000×$7

Value of shares on Jan 1/ income= $7000

<em>Lets assume income tax is 20% and marginal tax rate is 10%,</em> the tax consequences would be as follows:

TAXES = $7000×20%

TAXES = $1400

There will be no tax consequences at the vesting date and at the end of year 4 (the date when he sells them) there will be tax consequences of $4000.

At year 4 = 1000×$40

Amount realized= $40000 -$7000

Taxes at marginal rate= $33000×10%

Taxes at marginal rate= $3300

(Note: $7000 is subtracted because it's already present in $40000).

8 0

3 years ago

Jenny's bakery makes two types of birthday cakes: yellow cake, which sells for $25, and strawberry cake, which sells for $35. Bo

Dmitry_Shevchenko [17]

Answer: Revenue is maximum at x=25 and y=0. That is when the firm makes only yellow cakes and no strawberry cakes.

Explanation:

x- Number of Yellow cakes

y- Number of Strawberry cakes

Time constrain is given by

$2x+3y\leq 450$

$x\geq 0$

$y\geq 0$

Revenue is given by,

$TR= 25x + 35y$

At the vertices, revenue is

At (0,0)

TR = $0

At (0,150)

$TR = 25(0) + 35(150) = $5,250$

At (225,0)

$TR = 25(225) + 35(0) = $5,625$

Therefore, Revenue is maximum at x=25 and y=0. That is when the firm makes only yellow cakes and no strawberry cakes.

8 0

3 years ago

You are considering a stock that is expected to pay dividends during the next five years of $0.50, $0,52, $0,54, $0,56 and $0.58

nikklg [1K]

Answer:

9.7%

Explanation:

The rate of return can be determined using a financial calculator

Cash flow in year 0 = -65

Cash flow in year 1 = $0.50

Cash flow in year 2 = $0.52

Cash flow in year 3 = $0.54

Cash flow in year 4 = $0.56

Cash flow in year 5 = $0.58 + $100

Rate of return = 9.7%

To find the rate of return using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

4 0

3 years ago