Answer: The answer is "b. LIFO is an income tax concept.".
Explanation: The statement "b. LIFO is an income tax concept." is FALSE because LIFO is a inventory method (first in, first out) in which the first products purchased will also be the first sold.
Answer: $25078
Explanation:
Firstly, we'll find the real interest rate which will be:
(1 + R) = (1 + r)(1 + h)
(1 + 10%) = (1 + r)(1 + 4.8%)
(1 + 0.1) = (1 + r)(1 + 0.048)
1.1 = (1 + r)(1.048)
r = 4.96%.
Now the annual deposit will be gotten by using the annuity future value which will be:
3 million = C(1.0496^40-1) / 0.0496
3 million = C(5.3995) / 0.0496
3 million = 119.627C
C = 3 million/119.627
C = 25078
Therefore, the real amount that must be deposited each year to achieve the goal is $25078
Answer:
free trade
Explanation:
Free trade policy -
It is a theoretical policy , according to which the no exports , quotas , imports , duties , taxes and tariffs are imposed by the government .
This is referred to as the free trade policy .
Hence , from the question ,
The manufacturing unit Manatee is easily able to source the refrigeration product from all over the world as , there is no restrictions and quotas or any kind of tariff .
Hence , the policy indicated in the question is the free trade policy .
Answer:
Correct option is (D)
Explanation:
One of the principles of money and banking is that time has value. Money worth today is not the same as it is worth tomorrow. For the same reason, money received today has more value than received tomorrow as the same could be invested elsewhere.
This is the reason why interest is charged on money paid later to compensate for the opportunity lost to invest elsewhere. As such, if car is obtained on loan, the installment paid includes the interest levied on loan. This is the reason that sum of installments are higher than the purchase price.
