Tài liệu Khối Ngành Kinh Tế

Option 1: Cash value (cash surrender value) a. Receive cash value of policy. b. Policy is terminated. The longer the policy has been in effect the higher the cash value because more premiums have been paid in. Option 2: Reduced paid-up insurance a. Cash value buys protection without paying new premiums. b. Face amount of policy is related to...

18 trang | Chia sẻ: huyhoang44 | Ngày: 21/03/2020 | Lượt xem: 428 | Lượt tải: 0

From the following facts: (1) calculate assessed value of Bill’s home; (2) calculate the tax rate for the community in decimal (to nearest ten thousandths); (3) convert the decimal to (a) %, (b) per $100 of assessed value, (c) per $1,000 of assessed value, and (d) in mills (to nearest hundredth); and (4) calculate the property tax due on Bill’s hom...

20 trang | Chia sẻ: huyhoang44 | Ngày: 21/03/2020 | Lượt xem: 514 | Lượt tải: 0

Number of Cost Total Units Purchased per unit cost Beginning Inventory 40 $8 $320 First Purchase (April 1) 20 9 180 Second Purchase (May 1) 20 10 200 Third Purchase (Oct. 1) 20 12 240 Fourth Purchase (Dec. 1) 20 13 260 Goods available for sale 120 $1,200 Units Sold 72 Units in ending inventory 48

15 trang | Chia sẻ: huyhoang44 | Ngày: 21/03/2020 | Lượt xem: 473 | Lượt tải: 0

1. It calculates depreciation for tax purposes. 2. It ignores residual value. 3. Depreciation if the first year (for personal property) is based on the assumption that the asset was purchased halfway through the year. (A new law adds a midquarter convention for all personal property if more than 40% is placed in service during the last 3 months o...

20 trang | Chia sẻ: huyhoang44 | Ngày: 21/03/2020 | Lượt xem: 483 | Lượt tải: 0

Analyzes the changes that occur by expressing each number as a percent of the base year Step 1. Select the base year (100%) Step 2. Express each amount as a percent of the base year amount (rounded to the nearest whole percent)

20 trang | Chia sẻ: huyhoang44 | Ngày: 21/03/2020 | Lượt xem: 509 | Lượt tải: 0

Step 2. Round each liability and stockholders’ equity (the portions) as a percent of total liabilities and stockholders’ equity (the base). Round as indicated. Step 1. Divide each asset (the portion) as a percent of total assets (the base). Round as indicated.

20 trang | Chia sẻ: huyhoang44 | Ngày: 21/03/2020 | Lượt xem: 473 | Lượt tải: 0

Closing Costs - Cost associated with the passing of property from the seller to buyer. Include: lawyer’s fees, title search, points, etc. A point is a one-time charge that is a percent of the mortgage. Escrow Amount - A special interest bearing account in which the buyer is required to deposit 1/12 of the insurance cost and 1/12 of the real estate...

13 trang | Chia sẻ: huyhoang44 | Ngày: 21/03/2020 | Lượt xem: 416 | Lượt tải: 0

What is the rebate of the finance charge and payoff if the pickup truck loan were paid off after 27 months (instead of 60)? 561 - Sum of digits 33 mnths 1,830 - Sum of digits 60 mnths

20 trang | Chia sẻ: huyhoang44 | Ngày: 21/03/2020 | Lượt xem: 458 | Lượt tải: 0

Mel Rich decided to retire in 8 years to New Mexico. What amount must Mel invest today so he will be able to withdraw $40,000 at the end of each year 25 years after he retires? Assume Mel can invest money at 5% interest compounded annually.

20 trang | Chia sẻ: huyhoang44 | Ngày: 21/03/2020 | Lượt xem: 790 | Lượt tải: 0

Number of periods (N) Number of years multiplied the number of times the interest is compounded per year Rate for each period (R) Annual interest rate divided by the number of times the interest is compounded per year

20 trang | Chia sẻ: huyhoang44 | Ngày: 21/03/2020 | Lượt xem: 449 | Lượt tải: 0