I think it could either be the first or third option, but I thinking the correct one should be the first option. Hope this helped :)
Answer:
The answer is 1.8407.
Explanation:
To calculate interest rate for 228 days we will first calculate daily rate and than put value in compounding rate formula.
Daily interest rate = 2.92%/365 = 0.008 %
Interest rate 228 = (1+I%)^n -1
Interest rate 228 = (1+0.008%)^228-1 = 1.8407%
Answer:
Take your gross sales revenue for the accounting period and subtract discounts, allowances and returns. This gives you net sales. Subtract the cost of goods sold from net sales and you get gross profit. In some cases, this might be a gross loss
Answer:
$5,000
Explanation:
Taxpayers can claim deduction on start up cost incurred by them to start an organization. Investigation cost is one such start up cost that can be claimed as deduction. In the first year lesser of following two conditions is claimed as deduction
1. $5,000
2. Original cost incurred.
In this case, investigation cost incurred by Wanda is $13,600 which is more than $5,000, she can claim deduction of $5,000 in the first year or current year. Rest of the amount is spread across 180 months starting from the month when operations begin.
Answer:
Create a savings fund to cover costs in case of an emergency.
Explanation:
From the question we are informed about scenerio which happens After the 2008 economic meltdown, finances were very uncertain, making saving money extremely important. To help with this, certain rates were changed which affect everyone's paychecks. Social Security taxes were temporarily reduced and minimum wage was increased. This means that there was more take-home money in a paycheck which is perfect for saving. In this case, the best way to deal with financial uncertainty is to Create a savings fund to cover costs in case of an emergency.
Savings Fund can be regarded as mutual fund solution that is available for investors that seeks level of income that is stead, even though they are preserving the capital of their initial investment. For this objective to be achieved, Savings Funds could invest a relative amount of (80%-85%) of that particular assets in an investment with low-risk. One of the best saving funds is SBI Equity Savings Fund.
