Answer:
The basic earnings per share for the present year is $7.36 per share
Explanation:
The basic earnings per share for the current year of Comma is computed as:
= (Net Income - preferred stock) / Outstanding shares
where
Net Income is $200,000
Preferred stock is computed as:
= Shares × 10% × Price × 10%
= 8,000 × 10% × $20
= 800 × $20
= $16,000
Outstanding shares - 25,000
Putting the values above:
= ($200,000 - $16,000) / 25,000
= $ 184,000 / 25,000 shares
= $7.36 per common share
Answer:
C. phase out all trade and tariff barriers among Canada, Mexico, and the U.S
Explanation:
The North American Free Trade Agreement (NAFTA)
This agreement creates a bloc of trade for the region, Canada, Mexico and the US.
As state on "C" It result in the elimination or reduction of barriers to trade and investment between the countries.
It will be replaced in the following year by the United States–Mexico–Canada Agreement (USMCA)
But NAFTA will keep working until this new agreement is finished.
Answer:
d) $677,532.
Explanation:
1.
Written down value of the equipment after 4 years = Cost x ( 100% - 1st year MACRS - Second-year MACRS - Third-year MACRS - Fourth-year MACRS ) = $3,500,000 x ( 100% - 20% - 32% - 19.20% - 11.52% ) = $604,800
2.
Now calculate the gain on the sale of equipment
Gain on the sale of equipment = Sale Price - Written down Value after 4 years = $715,000 - $604,800 = $110,200
3.
Tax owed = Gain on the sale x Tax rate = $110,200 x 34% = $37,468
After-tax salvage value = Sales price - Tax = $715,000 - $37,468 = $677,532
Answer:
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Answer:
Explanation:
The main argument in favor regarding increasing minimum wage is that a higher wage will result into an increase in the standard of living of the people. Furthermore, a rise in the minimum wage can help in lifting people out I poverty. Due to higher wages and salaries, workers will have more money to cater for their families and meet their needs. Lastly, an increase in the minimum wage means that the government can reduce its expenditures on helping the low income earners and can therefore invest the money in other critical sectors of the economy.
The arguments against raising the minimum wage is that it can lead to inflation. Inflation in the rise in the price for goods and services. When there's an increase in minimum wage, sellers may increase the price of goods as there'll be more money to spend by households. Also, it can lead to losses of jobs as employersay have to cut down cost on order to be able to increase the wages of some workers and thereby may result in some workers being laid off.
Minimum wages lead to the reduction in the entry-level jobs that are available, and reduces the change of entry level graduates to get training, and lifetime income. According to Economists, minimum wages will result into decrease in the employment opportunities that are available for the youths and thereby create unemployment. Potential employees will miss out on the training that should have been done at the initial stage one is entering an organization.
