Answer:
c. $71 million
Explanation:
The net income and dividends are the factors responsible for increase an decrease in retained earnings. Net income is added to the retained earnings balance while dividend is deducted from it.
Given the following information about NOW Inc,
net income = $152 million
Opening retained earnings balance = $459 million
Closing retained earnings balance = $540 million
$459 million + $152 million - Dividends = $540 million
Dividends = $459 million + $152 million - $540 million
Dividends = $71 million
Option c. $71 million
Answer: $868
Explanation:
Given the following :
Maturity (years) - - - - - - 1 - - 2 - - - 3 - - - 4
Spot rate (EAR) - - - - 1.4% - 2.8% - 3.6% - - 4.5%
What is the price of a risk-free zero-coupon bond with 3 years to maturity and a face value of $1,000 (in $)?
Face value / ( 1 + spot rate)^p+1
Where P = year
=1000/(1+3.6%)^4
1000 / ( 1 + 0.036)^4
1000/(1.036)^4
1000/1.151964303616
=$868.08245
I would say these two examples show a type of performance evaluation ie analyzing what was successful and why or alternatively what was not successful and why so as to learn from the experience to continue to perform well in the future or to change poor performance to good performance.
Answer:
The amount that is deductible as interest expense for Renee in 2021 is:
= $4,000.
Explanation:
a) Data:
Home mortgage - $110,000
Interest on home mortgage = $4,000
Home equity loan for a cruise around the world = $130,000
Interest on the home equity loan = $8,000
Deductible interest expense for Renee in 2021 is $4,000
b) Usually, the interest expenses that a taxpayer pays on her home equity loan to enjoy a cruise around the world, on personal credit card, on automobile loan, and on other types of personal consumer finance interests are not tax-deductible.
Answer:
Margin = 1%
Explanation:
To calculate the margin related to these year investment opportunity, we use the following method.
Margin = net operating income/ sales
Margin = $460,000/ $ 460,000
Margin = 1%
