Answer: Last winter, the company’s research team members visited Japan. They were eager to explore ancient Japanese techniques for preserving documents. After visiting many places, the team found some fine examples of wax-coated scrolls in a library in Osaka. However, they couldn’t find the famous silk films that they wanted to see. Disappointed, they returned to Chicago .
Answer:
e. $42,438
Explanation:
The computation of the retained earning is shown below:
Earning after tax = Sales - cost - depreciation expense - interest expense - income tax expense
= $318,400 - $199,400 - $28,600 - $1,100 - $30362
= $58,938
The income tax expense equal to
= (Sales - cost - depreciation expense - interest expense) × tax rate
= ($318,400 - $199,400 - $28,600 - $1,100) × 0.34
= $30362
Now the retained earning equal to
= Earning after tax - dividend paid
= $58,938 - $16,500
= $42,438
It will be worth $105468.75.
If it depreciates 25% each year, that means 75% of the value remains.
The value of the third year is $140,625.
$140,625(.75) = $105,468.75.
You could also find 25% of $140,625 and subtract it.
$140,624(.25) = $35,156.25
$140625 - $35,156.25 = $105,468.75.
Either way the car would be worth $105,468.75 in year four!
Answer:
b. requiring individuals to complete specific types of work
Answer:
The action the insurance company should take is that they should cancel the insurance policy between them and Randall and return all the premiums paid to date
Explanation:
Here in this question, we are interested in knowing what action the Insurance company will take in the eventuality that Randall experienced a fatal heart attack.
The action the Insurance company will take is that the insurance policy will be canceled and all premiums which have hitherto being paid by Randall will be returned. What we are saying is that the Insurance company will not be liable or held responsible to make payment for the medical costs of the fatal heart attack suffered.
Hence, we can conclude that the Insurance company in this case is not bind by law to pay for the cost of the medical bill and is only to return the premiums already paid by Randall.
