Answer:
$146,150.00
Explanation:
Net income is calculated after taxes.
Here,
Sales = $820,000.00
Less: Expenses = -$540,000.00
Gross profit = $280,000.00
Less: Financial Expenses
Interest = -$36,000.00
Depreciation = -$59,000.00
Net profit before tax = $185,000.00
Less: Tax at 21% of $185,000.00 = - $38,850.00
Net Income (after taxes) = $146,150
Net income is always determined after accounting for tax.
$146,150.00
Answer:
2 Days
Explanation:
To clarify, we need to restate the utility function for clarity
U=V^{1/2}
1. Probability of an illness occurring in the family is 20%
2. If an illness occurs, the total number of days impacted is calculated as:
Total vacation days = 10 days x Probability of illness = 20%
= 10 x 0.2 = 2 days
This indicates that should an illness occur based on this probability, 2 out of the 10 vacation days will be affected
3. The number of remaining vacation days to enjoy would thus be 10-2 = 8 days
This indicates that even after accounting for 2 days of potential illness, the family can still enjoy their vacation period.
V= 2 days
Answer:
$46,000.
Explanation:
To determine the retained earnings as of the end of 2015, we must first assess the total dividend that will be distributed to shareholders, and then combine the net income from 2015 with the leftover retained earnings from the conclusion of 2014 (after the distribution of 2014's dividend in March 2015) to arrive at the retained earnings figure for the close of 2015.
Total dividend on March 2015 = 0.7 x 100,000 = 70,000
Retained Earnings as of the end of 2015 = 94,000 - 70,000 + 22,000 = 46,000.
Utilizing the compound interest formula:
The annual compound interest equation, including principal amount, is:
A = P (1 + r/n)ⁿˣ
Here:
A = future value = $95000
P = principal investment amount =?
r = annual interest rate = 0.06
n = frequency of compounding per year = 2
x = duration in years for investment = 0.5
95,000 = P (1 + 0.06/2)¹
95,000 = P (1 + 0.03)
95,000 = P (1.03)
P = 95,000 ÷ 1.03
P = 95,000 ÷ 1.03
P = 92,233.01
Total compounded interest = 92,233.01 - 95,000
Total compounded interest = -2,766.99
