Answer: $27,000
Explanation:
Even though for GAAP reasons, revenue is to be recognized only when earned as per the Accrual principle of accounting, this is not so for the calculation of taxable income.
Taxable income is to be calculated on cash basis which means that taxes are to be paid on revenue when the revenue is received in cash and not when it is earned.
As Ral Corp. received the money in 2020, they are to include the entire amount of $27,000 in their 2020 taxable income for rent revenue.
Answer:After-tax cost of debt capital = 4.78%
Explanation:
Cost of debt (After-tax):
= 
(1 – tax rate)
Where,
= After tax cost of debt
F = Floatation cost
= Net proceeds
Net proceeds = Bond face value ± Premium or Discount
Net proceeds: $ 1000 - $ 15 = $ 985
Flotation cost = $ 36
Tax rate 34% or 0.34
Hence, after tax cost of debt = 
(1 - 0.34)
= 4.778 % (approx.)
i.e. 4.78%
Answer:
net pension expense (or revenue) under U.S.GAAP is $600
Explanation:
the past service cost included in the 2013 net pension expense ( or revenue) under U.S. GAAP is calculated below;
past service cost = { ( <u>increase PSC for vested employees</u>)
(remaining working life of vested employees)
+
{(<u> increase PSC for non-vested employee)</u>}
( remaining working life of non- vested employees)
past service cost = { $5000/10years) + ( $ 2000/20years)
past service cost = $500 + $100
past service cost =$600
Therefore the past service cost included in the 2013 net pension expense (or revenue) under U.S.GAAP is $600
Answer:
$279.53
Explanation:
The amount of the $5200 charge that Francisco made during the first month has been paid off will be the total of the principal paid which is:
Principal paid =
$47.67+$47.23+$46.80+$46.37+$45.94+$45.52
=$279.53
Therefore how much of the $5200 charge that Francisco made during the first month has been paid off will be $279.53.
Answer:
C. Decrease buyer power
Explanation:
Since in the question it is mentioned that the Mifflin Cable store offers a great marketing strategy that the combos of all the things would be based on the two year contract
So this given situation represents the decrease in buyer power as if there is less bargaining power so the company is able to rise the profit that is actually motive of every organization
Therefore the option C is correct
