Credit is the capability to adopt plutocrats with the understanding that it can be paid in future. It's option B.
Credits are entered on the left side of the T; disbenefits, are on the right. A credit to an account always increases it.
Credit is the capability to adopt plutocrats with the pledge that you will repay it in the future, frequently with interest. Credit represents an agreement between a creditor( lender) and a borrower(the debtor).
T- accounts can also be used to record changes to the income statement, where accounts can be set up for the earnings( gains) and charges( losses) of an establishment.
Question
A credit
a) is the right side of a t- account. always decreases an account.
b) is the left side of a t- account. always increases an account.
c) always increases asset accounts.
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Mcclellan recreation manufactures and sells two models of paddle boards: starter and pro. the starter model is a basic board used for instruction and purchased by novices. the pro model is made with premium materials and comes with several accessories. the boards are produced to order, and there are no inventories at the end of the year. the cost accounting system at mcclellan allocates overhead to products based on direct labor cost. overhead in year 1, which just ended, was $2,424,800. data on units sold for year 1 along with the unit sales price and unit direct costs for the two models follow: sales price per unit direct materials per unit direct labor per unit starter model pro model (12,000 units) (4,000 units) $ 316 $ 606 82 152 102 127 required: a. compute product line profits or loss for the starter model and the pro model for year 1. b. a study of overhead shows that without the starter model, overhead would fall to $1,412,000. assume all other revenues and costs would remain the same. (please answer both).
a. The profit for the Starter model in year 1 is $384,000 and for the Pro model is $1,648,000.
b. The product line profits for the Pro model in year 2 assuming the Starter model was not produced or sold is $2,464,000.
a. Starter Model:
Profit = (Sales Price x Units Sold) – (Direct Materials x Units Sold) – (Direct Labour x Units Sold) – Overhead
Profit = (32 x 12,000) – (86 x 12,000) – (102 x 12,000) – $2,424,800
Profit = $384,000
Pro Model:
Profit = (Sales Price x Units Sold) – (Direct Materials x Units Sold) – (Direct Labour x Units Sold) – Overhead
Profit = (606 x 4,000) – (102 x 4,000) – (127 x 4,000) – $2,424,800
Profit = $1,648,000
b. According to an analysis of overhead, the amount would be $1,412,000 without the Starter model. Suppose that in year 2, all other revenues and expenses would be the same for the Pro model. Calculate the Pro model's product line profits in year two assuming the Starter model wasn't manufactured or sold.
Pro Model:
Profit = (Sales Price x Units Sold) – (Direct Materials x Units Sold) – (Direct Labour x Units Sold) – Overhead
Profit = (606 x 4,000) – (102 x 4,000) – (127 x 4,000) – $1,412,000
Profit = $2,464,000.
Complete Question:
McClellan Recreation manufactures and sells two models of paddle boards: Starter and Pro. The Starter model is a basic board used for instruction and purchased by novices. The Pro model is made with premium materials and comes with several accessories. The boards are produced to order, and there are no inventories at the end of the year.
The cost accounting system at McClellan allocates overhead to products based on direct labor cost. Overhead in year 1 , which just ended, was $2,424,800. Data on units sold for year 1 along with the unit sales price and unit direct costs for the two models follow:
Starter model Pro model
12,000 units 4000 units
Sales per unit 32 606
Direct material per unit 86 102
Direct Labour per unit 102 127
Required:
a. Compute product line profits or loss for the Starter model and the Pro model for year 1 .
b. A study of overhead shows that without the Starter model, overhead would fall to $1,412,000. Assume all other revenues and costs would remain the same for the Pro model in year 2 . Compute product line profits for the Pro model in year 2 assuming the Starter model was not produced or sold.
Complete this question by entering your answers in the tabs below.
Compute product line profits or loss for the Starter model and the Pro model for year 1 . Note: Loss amounts should be indicated by a minus sign.
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japan imposed a limit on auto exports to the united states as a result of pressure by the u.s. government. what instrument of trade policy does this represent?
The limit on auto exports imposed by Japan as a result of pressure by the U.S. government represents a type of trade policy instrument called an export quota.
A country's ability to export a certain amount of goods to another country is limited by an export quota. In this instance, Japan set a cap on the quantity of cars it could export to the United States. This export cap was put in place to limit the number of Japanese cars that were sold in the country and defend the domestic auto industry.
A type of trade restriction that can be used to limit imports and defend domestic industries is the use of export quotas. They can be utilized in place of tariffs or other trade regulations that tax imported goods.
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according to the rybczynski theorem, how will immigration affect the receiving country's production of labor-intensive and capital-intensive goods?
The Rybczynski theory states that by increasing the availability of labor, immigration will have an impact on the production of capital- and labor-intensive items in the receiving nation.
In particular, an influx of immigrants will raise the relative labor abundance in the nation, which will lead to an increase in the production of commodities that require a lot of work and a decrease in the production of goods that require a lot of capital.
This is due to the fact that capital-intensive commodities require a larger ratio of capital to labor in their manufacturing compared to labor-intensive ones. Hence, immigration may result in a change in a nation's patterns of production and commerce, with a higher emphasis on the creation of labor-intensive items.
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hi hun. i have some bad news. jamie lee jamie lee:oh no, what happened? ross ross:i got into a car accident. i lost control of my car, hit a parked car, and damaged a storefront. jamie lee jamie lee:oh no! make sure to call the police to report the accident and then tell our insurance agent. what should jamie lee and ross have done before the crash as a precaution?
Before the crash, as a precaution, Jamie Lee and Ross should have ensured that they followed all traffic rules and regulations to prevent accidents.
Jamie Lee and Ross also should have taken the following precautions:
Ensure their vehicle is well-maintained and functioning properly.Always wear seatbelts when driving or riding in a vehicle.Follow traffic rules and obey speed limits.Stay focused and avoid distractions while driving, such as texting or eating.Adjust driving behavior according to weather and road conditions.Keep a safe distance from other vehicles to allow for ample reaction time.Regularly review and practice defensive driving techniques.They could have minimized the risk of a crash and ensured a safer driving experience these precautions. Additionally, they should have ensured that their car was in good condition and had regular maintenance. They should have also avoided distracted driving, such as using a phone while driving or engaging in other activities that could divert their attention from the road.
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The correct formula to measure the GDP is _____.
GDP = C - G - I - (X-M)
GDP = C + G + I - (X-M)
GDP = C - G - I + (X-M)
GDP = C + G + I + (X-M)
which of the following is least likely to help a firm protect itself against suits claiming discriminatory disciplinary actions? group of answer choices training managers how to avoid bias claims developing written policies barring unfair treatment disciplining in the presence of coworkers basing decisions solely on performance
The least probable method for a company to defend itself from lawsuits alleging discriminatory disciplinary measures is to base judgments purely on performance. Option 4 is correct.
Performance reviews are used by businesses to evaluate accomplishments, identify top performers, and decide which employees have contributed the most to the company's success. Despite the fact that there are many other types of performance evaluations, the top-down review, in which a management evaluates their direct report, is the most typical.
Making decisions involves choosing the best course of action from a range of options in order to accomplish a certain goal. Making decisions is a crucial duty for management since they have a significant impact on how well a company performs. Option 4 is correct.
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Correct Question:
which of the following is least likely to help a firm protect itself against suits claiming discriminatory disciplinary actions? group of answer choices
1. training managers how to avoid bias claims.
2. developing written policies barring unfair treatment
3. disciplining in the presence of coworkers
4. basing decisions solely on performance
a consultant with a background in behavioral sciences who works as a catalyst in helping organizations deal with old problems in new ways is called a(n) .
A consultant with a foundation in social sciences who functions as an impetus in assisting associations with managing old issues in new ways is called Change Agent.
A change agent is an expert with a foundation in social sciences who can be an impetus in assisting associations with managing old issues in new ways. Change specialists will be experts who are gifted at directing people, gatherings, or whole organizations through massive changes in processes, authority, culture, or systems.
A change agent should have superb relational correspondence capacities, including undivided attention and critical thinking. They ought to likewise have major areas of strength for of conduct sciences, like brain research and social science, and we know all about the organization's way of life, tasks, and goals.
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This question is not complete, Here I am attaching the complete question:
A consultant with a background in behavioral sciences who works as a catalyst in helping organizations deal with old problems in new ways is called a(n) ______.
(A) Change Agent
(B) influencing others
(C) management process
all of the following are true regarding a qualified annuity except a at distribution, all amounts received by the employee are tax-free. b employer contributions are not counted as income to the employee while the plan is in force. c funds accumulate on a tax-deferred basis. d employer contributions are tax deductible as ordinary business expense.
Regarding a qualified annuity, all of the following are true except that at distribution, all amounts received by the employee are tax-free.
Annuity
An annuity is a financial product that is sold by financial institutions and insurance firms. An annuity is an investment in which an individual pays a lump sum or a series of payments, and the institution pays the individual back over time, with interest. It is a contract between an insurance company and an individual in which the insurer pays a lump sum or a series of payments to the insured, which is typically used as a means of earning a steady income.
Qualified annuity
A qualified annuity is a tax-deferred investment that is typically offered by employers as part of a retirement savings plan. Contributions to a qualified annuity are made before taxes are taken out, lowering the contributor's taxable income. The employer contribution is tax-deductible as an ordinary business expense. The funds that accumulate in a qualified annuity grow tax-deferred until the funds are withdrawn.
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danny needs to determine the present value of an annuity of $1 that is payable at the beginning of each period. the annuity will be 10% for a total of 8 periods. danny has access to a present value table showing the present value of an annuity of $1 payable at the end of each period. in order to compute present value, how long should the present value factor in the 10% column be used?
To compute the present value of Danny's annuity, you should use the present value factor in the 10% column for 8 periods.
1. Identify the annuity payment, interest rate, and number of periods: $1 payment, 10% interest rate, and 8 periods.
2. Access the present value table showing the present value of an annuity of $1 payable at the end of each period.
3. Locate the 10% column in the table.
4. Find the present value factor corresponding to 8 periods in the 10% column.
5. Multiply the annuity payment ($1) by the present value factor to get the present value of the annuity.
By following these steps, you'll be able to compute the present value of Danny's annuity using the present value factor for 8 periods in the 10% column.
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you bought a bond with a 10% coupon rate that pays coupons semi - annually. the bond has a face value of $1,000 and matures in 15 years. the yield curve is flat. if the 6 - month yield (i.e., rate of return demanded by investors every 6 months) suddenly changes from 6% to 4%, what is the dollar value of the increase in the bond price?
The dollar value of the increase in the bond price is $154.41.
First, we need to calculate the bond's current price before the yield change:
Number of coupon payments = 15 years x 2 = 30
Coupon payment = 10% x $1,000 / 2 = $50
Discount rate (yield) = 6% / 2 = 3%
Using the present value formula for an annuity:
PV of coupon payments = $50 x ((1 - 1/(1+0.03)^30) / 0.03) = $824.87
PV of face value = $1,000 / (1+0.03)^30 = $311.80
Current bond price = $824.87 + $311.80 = $1,136.67
After the yield change, the new discount rate (yield) is 4% / 2 = 2%.
Using the present value formula again with the new yield:
PV of coupon payments = $50 x ((1 - 1/(1+0.02)^30) / 0.02) = $1,067.55
PV of face value = $1,000 / (1+0.02)^30 = $223.53
New bond price = $1,067.55 + $223.53 = $1,291.08
The increase in bond price is:
$1,291.08 - $1,136.67 = $154.41
Therefore, the dollar value of the increase in the bond price is $154.41.
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if firms in a monopolistically competitive industry experience short-run losses, group of answer choices firms increase advertising spending to increase demand, until they make at least a normal return. some firms exit the industry, causing the demand curves for the remaining firms to shift to the right until they earn a normal profit. some firms would like to exit the industry but find they cannot. firms increase prices further, until they make at least a normal return.
If firms in a monopolistically competitive industry experience short-run losses, they have several options to try and recover. To increase advertising spending to increase demand, until they make at least a normal return. Option A
This approach is aimed at differentiating their products and making them more attractive to consumers, which can lead to increased demand and ultimately increased profits.However, if this approach fails, some firms may choose to exit the industry (Option A). This can reduce industry supply, causing the demand curves for the remaining firms to shift to the right until they earn a normal profit (Option B). This can also lead to increased market share and profits for the remaining firms.
Some firms may find themselves unable to exit the industry (Option C) due to high exit barriers such as long-term leases, sunk costs, or regulatory barriers. In this case, firms may have to consider other strategies to remain profitable. Finally, firms may choose to increase prices further, until they make at least a normal return (Option D). However, this can be risky as it can lead to decreased demand and increased competition from other firms in the industry.
Overall, firms in a monopolistically competitive industry have several options to recover from short-run losses, but each option has its own advantages and disadvantages. It is up to the individual firms to decide which approach is best suited for their particular situation. Therefore Option A is correct.
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when you receive your star report, you see that your revpar index was 90 this year compared to 80 last year. what do you know for sure? group of answer choices your hotel outperformed the competitive set when it comes to revpar both years your hotel outperformed the comp set this year when it comes to revpar, but not last year your hotel will have a positive revpar index percent change your hotel would have a positive revpar percent change
the performance of a hotel's RevPAR value in comparison to a larger group of hotels (such as a competitive set, market or submarket, etc.).
What is an appropriate RevPAR value?The revenue generating index, or RevPAR Index, should be 100. This shows your hotel is capturing a fair or projected market share within the specific lodging industry.
What is unavoidable when a hotel's RevPAR index is higher than 100?What is unavoidable when a hotel's RevPAR index is higher than 100? The hotel consistently outperforms its rivals. A manager's hotel's STAR report reveals that it had an ADR Index of 110 last month.
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Question:-
when you receive your star report, you see that your revpar index was 90 this year compared to 80 last year. what do you know for sure?
which method is used for remeasuring a foreign subsidiary's financial statements? group of answer choices historical rate method. current rate method. working capital method. translation. temporal method.
Temporal method will be used for remeasuring a foreign subsidiary's financial statements. Option E is correct.
The Temporal Method is a method of foreign currency translation that is used to translate the financial statements of a foreign subsidiary into the reporting currency of the parent company. This method is used when the functional currency of the foreign subsidiary is different from the reporting currency of the parent company.
Under the Temporal Method, monetary assets and liabilities (such as cash, accounts receivable, and accounts payable) are translated using the current exchange rate, while non-monetary assets and liabilities (such as inventory, property, and equipment) are translated using historical exchange rates. Income and expenses are also translated using the exchange rate that existed at the time they were incurred.
Hence, E. is the correct option.
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--The given question is incomplete, the complete question is
"Which method is used for remeasuring a foreign subsidiary's financial statements? group of answer choices A) historical rate method. B) current rate method. C) working capital method. D) translation. E) temporal method."--
in addition to telling the truth and taking responsibility for your actions, which of the following is also an example of workplace ethics? question 2 options: a) being well prepared for a presentation b) copying leadership on all email c) imagining the impact of your actions on others d) enlightening a customer on a potentially harmful decision they might be making hip role e) taking credit for the success of a group assignment when you had a leaders
Option d: Enlightening a customer on a potentially harmful decision they might be making is also an example of workplace ethics.
A work ethic is a collection of values, moral principles and standards that both employers and employees must follow in the workplace. This is a set of rules and regulations that all employees must follow at work.
These ethics are enforced by employers to foster both employee-employer and employee-customer relationships. Organizations can choose to write these ethics or not, but they must follow them.
There are some general ethical behaviors in the workplace that employers don't have to define, but they are general ethical behaviors that employees must demonstrate. Similarly, some organization-specific ethical rules may need to be defined in company manuals.
Work ethics are the moral principles, values and standards that guide the behavior of workers and employers within an organization. Workplace ethics can also relate to the way an organization serves its customers and treats its employees, as well as how it is perceived by the public and competitors.
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a house cleaning service agency offers a basic house cleaning and mopping service at $50 per hour. for an additional $20 per hour, they will also provide services such as dusting the cabinets and folding clothes. this is an example of
The given scenario is an example of bundling pricing strategy.
Bundling is when a company offers multiple products or services as a package deal, often at a lower price than if the products or services were purchased separately. In this case, the cleaning agency is bundling their basic cleaning and mopping service with additional services like dusting and folding clothes at a slightly higher price.
This allows the agency to offer more value to customers and potentially increase their revenue by encouraging customers to purchase more services. By bundling, the agency can also simplify their pricing structure and make it easier for customers to understand the services they are receiving and the total cost of those services.
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sadik inc.'s bonds currently sell for $1,250 and have a par value of $1,000. they pay a $105 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,100. what is their yield to call (ytc)? group of answer choices 5.97% 6.28% 7.79% 5.03% 5.84%
The yield to call (ytc) is 6.28%. Option B is correct.
The yield to call (YTC) of Sadik Inc.'s bonds can be calculated using the bond yield formula.Bond yield formula. Bond yield = (annual coupon payment + ((par value - bond price) ÷ years to maturity)) ÷ ((par value + bond price) ÷ 2) × 100In the formula: Annual coupon payment = $105. Par value = $1,000. Bond price = $1,250. Years to maturity = 15 years. Call price = $1,100.
Let's calculate the YTC of Sadik Inc.'s bonds using the above formula: Bond yield = (annual coupon payment + ((par value - bond price) ÷ years to maturity)) ÷ ((par value + bond price) ÷ 2) × 100. Bond yield = (105 + ((1000 - 1250) ÷ 15)) ÷ ((1000 + 1250) ÷ 2) × 100. Bond yield = (105 - (250 ÷ 15)) ÷ (1,625 ÷ 2) × 100. Bond yield = 0.06947 × 100. Bond yield = 6.95%.
As per the calculation, the yield to call (YTC) of Sadik Inc.'s bonds is 6.95%. Therefore, option (B) 6.28% is the closest option to the calculated YTC value.
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rubber used in bike tires variable b. recycled aluminum used to make the bike frame variable c. lubricant used on clipless pedal springs variable d. quality inspector salary fixed part 2 e. depreciation on equipment used to machine the aluminum in the bike frame variable f. renewable cork used to make the saddle (the seat) variable g. patent on belt drive (used instead of a chain)
Regarding the manufacture of the ReCycle bike, there are several costs connected to it. Some of these costs are variable and some are fixed. Here is a breakdown of each cost:
Rubber used in bike tires - Variable costRecycled aluminum used to make the bike frame - Variable costLubricant used on clipless pedal springs - Variable costQuality inspector's salary - Fixed costDepreciation on equipment used to machine the aluminum for the bike frame - Fixed costRenewable cork used to make the saddle (the seat) - Variable costPatent on belt drive (used instead of a chain) - Fixed costVariable costs are usually associated with materials, supplies, and labor, and their total cost depends on the number of units produced. In contrast, fixed costs do not vary with production levels but are incurred regardless of the level of production. In general, understanding the cost structure of a product is essential for pricing decisions and to determine the profitability of the product.
The complete question:
The ReCycle is a bicycle built largely from recycled materials. Identify the following costs connected with the manufacture of the ReCycle bike as variable or fixed:
Rubber used in bike tiresRecycled aluminum used to make the bike frameLubricant used on clipless pedal springsQuality inspector's salaryDepreciation on equipment used to machine the aluminum for the bike frameRenewable cork used to make the saddle (the seat) Patent on belt drive (used instead of a chain)Learn more about Variable costs https://brainly.com/question/26373444
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a(n) performance appraisal helps determine the effectiveness of recruitment and selection activities.
A performance appraisal is a valuable tool that helps determine the effectiveness of recruitment and selection activities.
It involves the following steps:
1. Setting performance objectives: The process begins by establishing clear, measurable, and achievable goals for each employee. These objectives should align with the organization's overall objectives and the employee's job responsibilities.
2. Regular monitoring: Throughout the year, managers and employees should monitor performance and progress towards achieving the set objectives. This allows for timely feedback, adjustments, and additional support if necessary.
3. Conducting a formal review: At the end of the evaluation period, a formal performance review takes place. Managers assess the employee's performance against the established objectives, providing feedback on areas of strength and opportunities for improvement.
4. Discussing future goals: During the appraisal, managers and employees should also discuss future goals and set new objectives for the upcoming period.
5. Evaluating recruitment and selection activities: By analyzing the performance appraisals, organizations can determine if their recruitment and selection activities are effective. If employees consistently achieve their performance objectives, it suggests that the recruitment and selection process is successful in identifying and hiring top talent. Conversely, if many employees struggle to meet their objectives, it may indicate a need to reevaluate the recruitment and selection strategies.
In conclusion, a performance appraisal helps organizations assess the effectiveness of their recruitment and selection activities by tracking employee performance against established objectives, providing feedback, and setting new goals for continued growth and development.
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below are amounts found in the income statements of three companies. company net sales cost of goods sold operating expenses nonoperating expenses income tax expense henry $26,000 $9,100 $4,700 $1,700 $1,700 grace 29,000 22,620 7,700 3,700 0 james 34,000 23,800 2,700 0 2,700 required: 1. for each company, calculate (a) gross profit, (b) operating income, (c) income before income taxes, and (d) net income. 2-a. for each company, calculate the gross profit ratio. 2-b. which company has the most favorable ratio?
The given case involves calculation of various given financial data for different members.
Calculation of financial measures:
a. Gross Profit = Net Sales - Cost of Goods Sold
For Henry: $26,000 - $9,100 = $16,900
For Grace: $29,000 - $22,620 = $6,380
For James: $34,000 - $23,800 = $10,200
b. Operating Income = Gross Profit - Operating Expenses
For Henry: $16,900 - $4,700 = $12,200
For Grace: $6,380 - $7,700 = -$1,320 (negative operating income)
For James: $10,200 - $2,700 = $7,500
c. Income Before Income Taxes = Operating Income - Nonoperating Expenses
For Henry: $12,200 - $1,700 = $10,500
For Grace: -$1,320 - $3,700 = -$5,020 (negative income before income taxes)
For James: $7,500 - $0 = $7,500
d. Net Income = Income Before Income Taxes - Income Tax Expense
For Henry: $10,500 - $1,700 = $8,800
For Grace: -$5,020 - $0 = -$5,020 (negative net income)
For James: $7,500 - $2,700 = $4,800
Calculation of Gross Profit Ratio:
Gross Profit Ratio = (Gross Profit / Net Sales) x 100%
For Henry: ($16,900 / $26,000) x 100% = 65%
For Grace: ($6,380 / $29,000) x 100% = 22%
For James: ($10,200 / $34,000) x 100% = 30%
2-b. Conclusion:
Among the given companies, Henry has the most favorable gross profit ratio of 65%, indicating that a larger proportion of sales revenue is retained as gross profit after accounting for cost of goods sold.
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c corporation has the following capital gains and capital losses for years 1 and 2: capital gains capital losses year 1 $250,000 $300,000 year 2 425,000 350,000 if the c corporation had no capital gains or losses prior to year 1, what is the minimum net capital gain that can be reported for year 2?
The minimum net capital gain that can be reported for year 2 is $25,000.
To calculate the minimum net capital gain that can be reported for year 2 for the C Corporation, we need to follow these steps:
1. Calculate the net capital gain/loss for each year:
Year 1: $250,000 (capital gains) - $300,000 (capital losses) = -$50,000 (net capital loss)
Year 2: $425,000 (capital gains) - $350,000 (capital losses) = $75,000 (net capital gain)
2. Apply the net capital loss carryforward from year 1 to year 2:
Since the C Corporation had no capital gains or losses prior to year 1, we only need to consider the -$50,000 net capital loss from year 1. We can carry this forward to offset the net capital gain in year 2.
3. Calculate the minimum net capital gain for year 2:
$75,000 (net capital gain in year 2) - $50,000 (net capital loss carryforward from year 1) = $25,000
The minimum net capital gain that can be reported for year 2 for the C Corporation is $25,000.
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you have your choice of two investment accounts. investment a is a 13-year annuity that features end-of-month $1,100 payments and has an apr of 6.7 percent compounded monthly. investment b is a 6.2 percent continuously compounded lump sum investment, also good for 13 years. how much money would you need to invest in investment b today for it to be worth as much as investment a 13 years from now? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
The amount of money needed to invest in Investment B today for it to be worth as much as investment A in 13 years is $97,083.76.
To solve this problem, we need to calculate the future value of Investment A and then determine the present value of Investment B that would be equivalent to that future value.
First, let's calculate the future value of Investment A. Since it's an annuity, we'll use the formula
FV = PMT×[tex]\frac{[(1 + \frac{r}{n} )^{nt} - 1] }{\frac{r}{n} }[/tex]
where PMT is the payment amount, r is the annual interest rate, n is the number of compounding periods per year, and t is the number of years.
In this case, PMT = $1,100, r = 0.067/12 (monthly interest rate), n = 12 (monthly compounding), and t = 13. Plugging these values into the formula, we get
FV = $1,100×[tex]\frac{[(1 + \frac{0.067}{12} )^{12*13} - 1] }{\frac{0.067}{12} }[/tex]
Next, we need to determine the present value of Investment B that would be equivalent to $260,423.79 in 13 years. Since Investment B is a continuously compounded lump sum investment, we'll use the formula
PV = FV / e^(rt)
where FV is the future value, r is the annual interest rate, t is the number of years, and e is the mathematical constant e (approximately 2.71828).
In this case, FV = $260,423.79, r = 0.062 (annual interest rate), and t = 13. Plugging these values into the formula, we get
PV = [tex]\frac{260,423.79}{e^{0.062*13}}[/tex] = $97,083.76
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what two things give economics its reputation as the most powerful social science, according to thaler?
According to thaler, the 2017 recipient of the Nobel Memorial Prize in Economic Sciences for his contributions to behavioural economics, there are two factors that give economics its status as the most potent social science.
An early proponent of the area of behavioural economics, which applies psychological research insights to economic decision-making, is the American economist Richard H. Thaler.
Richard Thaler has studied economic decision-making using psychological insights since the 1980s. Three psychological traits, including the propensity to act less than fully logically, ideas of fairness and reasonableness, and a lack of self-control, have received particular attention from him.
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kathy deposits 10000 cash into her checking account at federal first bank. the required reserve ratio is 20 percent. calculate the maximum possible change in first federal loans as a result of kathy's deposit
The maximum possible change in First Federal loans as a result of Kathy's 10,000 cash deposit is 8,000.
To calculate the maximum possible change in First Federal loans as a result of Kathy's deposit of 10,000 cash into her checking account, follow these steps:1. Determine the required reserve ratio:
In this case, it is 20 percent or 0.20.
2. Calculate the required reserves:
Multiply the deposit amount by the required reserve ratio. Hence,
10,000 * 0.20 = 2,000.
3. Determine the excess reserves:
Subtract the required reserves from the total deposit. Hence,
10,000 - 2,000 = 8,000.
4. Calculate the maximum possible change in loans:
The excess reserves can be used by the bank to create new loans, so the maximum possible change in First Federal loans is 8,000.
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if aep earns $320,000 and the payout ratio (proportion distributed) is 45 percent, what is the change in retained earnings? round your answer to the nearest dollar.
The change in retained earnings can be calculated by first finding the amount distributed and then subtracting that from the total earnings. In this case, the proportion distributed is 45 percent of $320,000. Amount distributed = 0.45 * $320,000 = $144,000 Next, subtract the amount distributed from the total earnings to find the change in retained earnings: Change in retained earnings = $320,000 - $144,000 = $176,000 So, the change in retained earnings is $176,000.
Given that AEP earns $320,000 and the payout ratio (proportion distributed) is 45 percent, we need to calculate the change in retained earnings. Retained earnings refer to the portion of net income that is not distributed to shareholders but is retained by the company for reinvestment or other purposes. It can be calculated as follows:
Retained Earnings = Net Income - Dividends
Since we are given the payout ratio (proportion distributed), we can first calculate the dividends as follows:
Dividends = Payout Ratio x Net Income
= 0.45 x $320,000= $144,00
Now, we can calculate the retained earnings as follows:
Retained Earnings = Net Income - Dividends
= $320,000 - $144,000= $176,000
Therefore, the change in retained earnings is $176,000.
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the agenda of the meeting should communicate the what, why, when, and who regardless of the type of meeting. select one: true false
The given statement "The agenda of the meeting should communicate the what, why, when, and who regardless of the type of meeting." is True because meeting should include every information.
The agenda of a meeting is a critical component that sets the tone and purpose of the meeting. It outlines the topics to be discussed, the order in which they will be addressed, and the individuals who will present them.
By providing this information, the agenda ensures that everyone attending the meeting is on the same page and has a clear understanding of what will be discussed, why it is important, when it will occur, and who will be involved.
Additionally, an effective agenda can increase productivity and efficiency during the meeting, as it allows participants to prepare adequately beforehand and keeps the discussion focused.
Therefore, it is essential to create an agenda that clearly communicates the necessary information, regardless of the type of meeting.
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write a short (1- to 2-paragraph) description of the business process you want to address in the project. include a discussion of the existing subsystems you will use and the subsystems you will create.
We aim to streamline the e-commerce order fulfillment process by integrating a new subsystem for efficient picking, packing, and shipping.
The business cycle that we need to address in this task is the request satisfaction process for an online business stage. The current subsystems that we will utilize incorporate the request the executives framework, stock administration framework, and transportation the board framework. We will make another subsystem for the most common way of picking, pressing, and delivery the orders.
This new subsystem will incorporate a standardized tag filtering framework to guarantee exact and proficient request picking, a pressing station to bundle the things, and a delivery mark age framework to create transporting names for the orders. The new subsystem will be coordinated with the current subsystems to make a smoothed out and proficient request satisfaction process for the online business stage, further developing consumer loyalty and lessening mistakes and postpones in the request satisfaction process.
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accrual-basis accounting involves recording revenues at the time goods and services are provided to customers and recording expenses at the time costs are used in running the company. group startstrue or false true, unselected false, unselected
The given statement is true because accrual-basis accounting involves recording revenues at the time goods and services are provided to customers and recording expenses at the time costs are used in running the company.
Accrual-basis accounting, as the name implies, revolves around the concept of accruals, which is the inclusion of financial transactions or events when they occur, and not when the money or payment has been exchanged. It includes prepaid expenses and accounts receivables as well. it involves the comprehensive recording of all of the financial transactions that happen in a business.
The accrual accounting technique recognizes revenues when a service or product is delivered to a customer, regardless of whether the payment has been received or not. It records the expenses when they are incurred, regardless of whether the payment has been made or not. This method is commonly used in businesses, where sales are made on credit.
In a nutshell, accrual accounting involves matching revenue with expenses, providing a more detailed view of a company's financial performance.
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why might economists be quite concerned if the annual interest payments on the debt sharply increased as a percentage (%) of gdp?
Because of an overpriced burden, higher interest will undermine an economy and diminish the likelihood that the debt can be repaid. Hence, substantial increases in the annual interest payment on the public debt as a proportion of GDP are of more concern to economists.
The GDP, or gross domestic product, is one of the most widely used It is frequently quoted in reports by governments, central banks, and the business community as well as in newspapers, on television news, and in publications. It is frequently used days as a benchmark for assess the state of both regional and world economies. The standard measurement of the value added produced via the production of goods and services in a nation over a specific time period is the gross domestic product (GDP). As a consequence, it also includes the money made from that manufacturing, or the sum of money spent on finished goods and services (less imports). GDP refers to the amount of any and all value added produced inside an economy.
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there is a bond that has a quoted price of 106.875 and a par value of $2,000. the coupon rate is 6.93 percent and the bond matures in 23 years. if the bond makes semiannual coupon payments, what is the ytm of the bond?
The YTM of the bond that makes semiannual coupon payments is 6.96%.
YTM is the yield to maturity. It is the total return anticipated on a bond if the bond is held until it matures. Yield to maturity is considered a long-term bond yield, but it is expressed as an annual rate. In other words, it is the internal rate of return of an investment in a bond if the investor holds the bond until maturity and is repaid all interest and principal due.
The formula to calculate the YTM of the bond is as follows:
PV = C [ ( 1 - 1 / (1 + r)^n ) / r ] + F / (1 + r)^n
where PV = the price of the bond; C = the semiannual coupon payment; F = the par value of the bond; r = the yield to maturity (YTM); and n = the number of semiannual periods.
Using the given information, we can calculate the YTM of the bond as follows:
PV = 106.875% × $2,000 = $2,137.50C = 6.93% × $2,000 / 2 = $69.30
F = $2,000
n = 23 × 2 = 46
Substituting these values into the formula above:
2,137.50 = $69.30 [ ( 1 - 1 / (1 + r)^46 ) / r ] + $2,000 / (1 + r)^46
Solving this equation for r using a financial calculator or an excel formula gives r = 6.96%. Therefore, the YTM of the bond is 6.96%.
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april is planning to petition for bankruptcy, so she sells her gold jewelry worth $10,000 to a friend for $1,000. the friend agrees that in the future she will sell the jewelry back to april for the same amount. this is both a fraudulent transfer and one the trustee can undo. group of answer choices true false
The correct answer is option A. True. This is a fraudulent transfer because April is not receiving a fair market value for her jewellery. She is selling it for a significantly reduced amount, which is against the law.
Since April is in need of money and is inclined to accept any offer for her jewellery, the buddy is also taking advantage of her predicament.
This transfer can be reversed by the trustee because it was an invalid transaction. The trustee can cancel the transfer, seize the jewellery or the funds, and give them back to April. This is done to make sure creditors are fully repaid and to safeguard the estate's assets. The buddy, who knowingly took part in a fraudulent transaction, might also be sued by the trustee.
Complete Question:
April is planning to petition for bankruptcy, so she sells her gold jewellery worth $10,000 to a friend for $1,000. The friend agrees that in the future she will sell the jewellery back to April for the same amount. This is both a fraudulent transfer and one the trustee can undo.
Group of answer choices
A. True
B. False
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