Calculate the future value of $9,000 in a. four years at an interest rate of 10% per year. b. eight years at an interest rate of 10% per year. c. four years at an interest rate 20% of per year. d. Why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)?
In: Finance
What do you pay taxes on? Suppose you earned $20,000 and paid 10% tax on the first $10,000 and 20% on all the money you earned above $10,000. What would by your total tax (as a dollar amount)? What would be your average tax (as a %)? What would be your marginal tax (tax on last dollar)?
In: Finance
For citizens domiciled in community property states, which of the following statements is correct?
A. Any income earned during marriage is deemed to be one-half earned by each spouse.
B. Commingled property does not lose identity.
C. Community property is owned 100% by each spouse.
D. Property owned separately cannot be kept separate.
In: Accounting
If ending accounts receivable exceeds the beginning accounts receivable:
A. cash collections during-the period exceed the amount of revenue
earned.
B. net Income for the period is less than the amount of cash basis
income.
C. no cash was collected during the period.
D. cash collections during the year are less than the amount of
revenue earned.
In: Accounting
Calculate the future value of $ 9,000 in
a. 5 years at an interest rate of 5 % per year.
b. 10 years at an interest rate of 5 % per year.
c. 5 years at an interest rate of 10 % per year.
d. Why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)?
In: Finance
Calculate the future value of$3,000 in
a.Four years at an interest rate of 5 % per year.
b.Eight years at an interest rate of 5% per year.
c. Four years at an interest rate of 10% per year.
d. Why is the amount of interest earned in part (a) less than half the amount of interest earned in part
(b)?
In: Finance
Required information Problem 9-5A Computing and analyzing times interest earned LO A1 [The following information applies to the questions displayed below.] Shown here are condensed income statements for two different companies (assume no income taxes). Miller Company Sales $ 1,000,000 Variable expenses (80%) 800,000 Income before interest 200,000 Interest expense (fixed) 60,000 Net income $ 140,000 Weaver Company Sales $ 1,000,000 Variable expenses (60%) 600,000 Income before interest 400,000 Interest expense (fixed) 260,000 Net income $ 140,000 Problem 9-5A Part 5 5. What happens to each company’s net income if sales decrease by 40%? (Round your answers to nearest whole percent.) Please put it into a percentage and explain how to find the answer.
In: Accounting
The trial balance of Large Company, Inc., at the end of its annual accounting period is as follows:
|
LARGE COMPANY, INC. Trial Balance December 31, 2019 |
||
|
Cash....................................................................... |
$ 4,000 |
|
|
Accounts Receivable……………………………….. |
400 |
|
|
Prepaid Insurance................................................. |
1,200 |
|
|
Supplies ............................................................... |
2,100 |
|
|
Equipment ............................................................ |
20,000 |
|
|
Accumulated Depreciation—Equipment.............. |
$ 2,000 |
|
|
Owner Capital ………………………………………. |
19,000 |
|
|
Owner Withdrawals ............................................. |
2,000 |
|
|
Revenue................................................................. |
33,000 |
|
|
Salaries Expense................................................... |
18,300 |
|
|
Rent Expense ....................................................... |
6,000 |
______ |
|
Totals..................................................................... |
$54,000 |
$54,000 |
Additional information:
Required: Prepare adjusting entries.
NO PDF or image please
In: Accounting
A regional planner employed by a public university is studying the demographics of nine counties in the eastern region of an Atlantic seaboard state. She has gathered the following data:
| County | Median Income | Median Age | Coastal | ||
| A | $ | 47,963 | 56.4 | 1 | |
| B | 49,585 | 58.9 | 1 | ||
| C | 46,440 | 57.5 | 1 | ||
| D | 46,391 | 41.2 | 1 | ||
| E | 34,806 | 39.4 | 0 | ||
| F | 39,416 | 41.2 | 1 | ||
| G | 35,549 | 41.3 | 0 | ||
| H | 30,796 | 33.5 | 0 | ||
| I | 32,233 | 21.7 | 1 | ||
Click here for the Excel Data File
Median Age
Median Income
c-1. Use regression analysis to determine the relationship between median income and median age. (Round your answers to 2 decimal places.)
c-2. Interpret the value of the slope in a simple regression equation. (Round your answers to 2 decimal places.)
In: Statistics and Probability
Q. 1) Generally, in 2016, which of the folloing events will trigger the Employer Shared Responsability Penalty?
a) A part-time employee who works for employer with 50 or more employees, receives qualified health insurance from the Marketplace, and receives the premium tax credit.
b) A full-time employee who works for employer with 50 or more employees, receives qualified health insurance from the Marketplace, and receives the premium tax credit
c) A part-time employee who works for an employer with fewer than 50 employees, receives qualified health insurance from the Marketplace, and receives the premium tax credit.
d) A full-time employee who works for employer with fewer than 50 employees, receives qualified health insurance from the Marketplace, and receives the premium tax credit.
In: Accounting