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answer these questions, no handwriting or pics, explain answers The following are accounts balance in thousands) for Malak Company. Calculate Net Income after-tax (show intermediate
answer these questions, no handwriting or pics, explain answers
The following are accounts balance in thousands) for Malak Company. Calculate Net Income after-tax (show intermediate steps) t=35% for the year ended December 31, 2020. $ 2,000 $3,000 $37,000 S 983,000 Net property and equipment Accounts receivable Notes payable Revenues Supply expenses Depreciation expenses Labor expense Interest Expenses Stockholders' Equity Cash & cash equivalents Long-term debt S 255,000 $ 35,000 $300,000 $11,000 $61,500 $97,000 $3,500 Q4. Using the values below, answer the questions that follow: (1mark) Amount of annuity: $500 Interest rate: 9% N=10 years a) Calculate the future value of the annuity, assuming that it is (1) An ordinary annuity. (2) An annuity due. b) Compare your findings in parts a(l) and (2). All else being identical, which type of annuity-ordinary or annuity due is preferable as an investment? Explain why
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