This is an example of assimilation.
These Asian youths are watching American shows and starting to include the behaviors they see into their own everyday lives. They are assimilating into the culture they are observing, which can be either a good thing or a bad thing, depending on the level of assimilation.
Answer:
Explanation:
Comparative income statements for Williamson is presented below:
Particulars 2017 2016 2015
Income before income tax $180,000 $145,000 $170,000
Less:Income tax $54,000 $43,500 $51,000
Net income $126,000 $101,500 $119,000
The income tax is computed below:
For 2017
= $180,000 × 30%
= $54,000
For 2016
= $145,000 × 30%
= $43,500
For 2015
= $170,000 × 30%
= $51,000
Answer:
Gain/loss= $1,000 loss
Explanation:
Giving the following information:
Original price= $54,000
Accumulated depreciation= $28,000
Seling price= $25,000
The gain or loss from selling an asset depends on the book value.
Book value= original price - accumulated depreciation
Book value= 54,000 - 28,000= 26,000
If the selling price is higher than the book value, the company gain from the sale.
Gain/loss= 25,000 - 26,000= $1,000 loss
Answer:
$1, 727.68
Explanation:
Cheryl wants to have $2000 three years from now in an account that pays 5%
The $2000 is equivalent to the Future value when applying the compound interest formula. The present value is the amount she needs to invest now.
Fv= PV (1+5/100)^3
$2000 = PV(1+0.05)^3
$2000 =Pv 1.157625
Pv = $2000/1.157625
Pv= 1,727.68
Cheryl has to invest $1, 727.68
