Answer:
The amount of interest revenue that should be reported in the first year is: $3,400
Explanation:
Jovel Company loaned another company $170,000 at a 12.0% interest rate.
Interest amount per year = $170,000 x 12.0% = $20,400
Interest amount per month = $20,400/12 = $1,700
From November 1 to December 31, Jovel Company has loaned the another company for 2 months.
The company's annual accounting period ends on December 31. The amount of interest revenue that should be reported in the first year:
$1,700 x 2 = $3,400
Answer:
d. Accelerate deductions
Explanation:
Tax acceleration is a way that a taxpayer is able to hasten tax deduction.
Taxi is paid in the year that it was incurred instead of in the subsequent year.
This way tax expense that will be paid from the current year is reduced and tax income will increase.
In the given scenario where Connie thinks that her salary and tax rate for next year will be lower than for this year, the best way to minimise her tax expense starting this year is by tax acceleration
Answer:
All net income, less all dividends, since the company began operations.
Explanation:
Retained Earnings are the retained profits that the company keeps with itself, for meeting any case of emergency or for growing company and thus, meeting the growing expenses.
Each year when company earns profits and then, it distributes its profits in the form of dividends, the balance remaining after paying the dividends is added to retained earnings.
Thus, the entire balance of these kind of profits not paid anywhere else and also not utilized is called retained earnings.
Answer:
Cost of equity = 10.7%
Explanation:
<em>We will work out the required rate of return using the the dividend valuation model. The model states that the value of a stock is the present value of the future divided discounted at the cost of equity.
</em>
The model is given below:
P = D× (1+g)/(r-g)
P- price of stock, D- dividend payable now, g- growth rate in dividend, r- cost of equity
So we substitute
130 = 5.50× (1+r)/(r-0.06)
cross multiplying
(r-0.06)× 130 = 5.50 × (1+r)
130 r- 7.8 = 5.50 + 5.50r
collecting like terms
130 r - 5.50r=5.50 + 7.8
124.5 r= 13.3
Divide both sides by 124.5
r =13.3 /124.5= 0.1068
r=0.1068 × 100= 10.7%
Cost of equity = 10.7%
The most suitable tool that can enable a student to determine an academic major is an interest inventory.
Option D is the correct answer.
<h3>What is an academic major?</h3>
An academic major is an academic subject in which an undergraduate student is enrolled. When a student completes his/her all examinations then he/she is awarded an undergraduate degree.
An interest inventory is a type of instrument used to identify and evaluate the areas of interest of a student. It is also called an interest test. it can help a student to make choice about his/her academic major for graduate studies.
Therefore, the interest inventory is the most suitable tool for determining an academic major.
Learn more about the academic major in the related link;
brainly.com/question/14455619
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