In a Comparative Balance Sheet,the Ending Cash for 2015 Was

question 98

Multiple Choice

In a comparative balance sheet,the ending Cash for 2015 was $315,000 and is $262,395 for 2016.The net increase or decrease from 2015 to 2016 is:

• A)86.0%.
• B)14.3%.
• C)26.4%.
• D)(16.7%).

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Definitions:

Marginal Tax Rate

The rate at which an additional dollar of income would be taxed, representing the individual's tax bracket.

Depreciation Life

The period over which a fixed asset is expected to depreciate until it reaches its salvage value.

Market Value

The ongoing rate at which you can buy or sell an asset or service within the open market.

Cost of Capital

The earnings rate a firm must reach through its investments to uphold its market worth and secure financing.