Answer and Explanation:
The computation is shown below;
Total value is
= Value of debt + Value of preferred stock + Value of equity
= $120,000 + $10,000 + $100,000
= $230,000
Now
Weight of debt is
= Value of debt ÷ Total value of firm
= $120,000 ÷ $230,000
= 0.52 or 52.17%
The Weight of preferred stock is
= Value of preferred stock ÷ Total value of the firm
= $10,000 ÷ $230,000
= 4.35%
And,
The Weight of equity is
= Value of equity ÷ Total value of the firm
= $100,000 ÷ $230,000
= 43.48%
Isabella purchased $20,000 worth of 26-week T-Bills for $19,775. What will be the rate of return on her investment?
Answer: 2.28%
Explanation:
When they mature they will pay her $20,000 yet she bought them for $19,775.
The rate of return is a simple interest rate;
A = P * ( 1 + rt)
t = 26/52weeks = 0.5
20,000 = 19,775 ( 1 + 0.5r)
1 + 0.5r = 20,000/19,775
0.5r = 1.011378 - 1
r = 0.011378/0.5
r = 0.022756
= 2.28%
During the current year, Marlene, Nancy and Olive formed a new S Corporation. Solely in exchange for stock, Marlene and Nancy contributed appreciated property, while Olive contributed services. The exchanges of Marlene and Nancy will be nontaxable if:__________.
a) Olive receives 30% of the stock
b) Olive receives 80% of the stock
c) Olive receives 15% of the stock
d) Marlene and Nancy together receive 50% of the stock
Answer:
c) Olive receives 15% of the stock
Explanation:
In order for Marlene and Nancy's contribution to be non-taxable, they must receive in exchange at least 80% of the S corporation's voting stocks. That means that in order for this to hold, Olive has to receive 20% or less of the S corporation's voting stock, and the only possible option is C.
If Baldwin issued 1000 shares of common stock at last year's end price, the effect on the balance sheet would be:_______
a. Equity would decrease by $6,468
b. Equity would increase by $64,679
c. Retained earnings would increase by $6,468
d. Retained earnings would increase by $64,679
Answer: b. Equity would increase by $64,679
Explanation:
You included no figures from Baldwin's financials but the above is the only feasible answer.
When more Equity is issued as was the case here, Equity will increase not decrease (option A is therefore wrong).
Retained earnings are the portion of Net Income that are not paid out by the company as dividends and so have nothing to do with stock issuance which renders options C and D wrong.
Option B speaks of an increase in Equity and so is most likely correct.
Does the UCC provide for more creative methods to deal with a breach of contract than does traditional common law? Does the common law provide any relief for a breach other than money damages. How could the UCC be characterized, if at all, as providing more flexibility for merchants?
Answer:
Answer 1 = Absolutely yes.
Answer 2 = Yes.
Answer 3 = Yes, it does provides.
Further explanation is discussed below.
Explanation:
So, in this question, we asked three more questions, which will be answered accordingly.
Q1. Does the UCC provide for more creative methods to deal with a breach of contract than does traditional common law?
Ans: Absolutely yes.
How?
Explanation: Firstly, there isn't any need for the provision of privity of contract in UCC in case, one desires to sue someone. On the contrary, in common law, it is the requirement to have privity of contract if one desires to sue someone.
Additionally, in UCC there are no harsh damages in case of fraud and it permits the buyer or purchaser to preserve a reputable title. While on the other hand in common law, there are harsh damages present.
Lastly, in the case of breach, discharge happens when the contract is destroyed. Contrastingly, lack of practical means leads to discharge of the contract.
Hence, it can be said from the above arguments that UCC does provide more creative ways than common law.
Q2. Does the common law provide any relief for a breach other than money damages?
Ans: Yes
How?
Explanation:
In case a person has breached the contract then he/she will be forced by the authorities to fulfill the terms and conditions of the contract. Moreover, escape from the contract is possible for the person or party who hasn't breached the contract along with harsh punishments for the party who has breached. Lastly, in order to avoid people from breaching again, some liquidation punishments are enforced. Therefore, common law does provide relief other than money damages.
Q3. How could the UCC be characterized, if at all, as providing more flexibility for merchants?
Ans: Yes, it does provides.
How ?
Explanation:
In common law, contracts are very shady and ambiguous on terms and conditions between the merchants which leads to quarrel and disorder. But UCC permits them to come to contract with complete agreement only. Furthermore, common law requires a stated price in the contract however UCC doesn't require this criteria. Additionally, warranty exists in UCC which depends on several factors such as, merchant's promise, merchant's fitness etc.
The ratio (Price Level in Earlier Time) / (Price Level Today) would be used to:_________
a. find the percentage of substitution bias.
b. convert an earlier price to today's price, adjusting for inflation.
c. convert the consumer price index (CPI) to the gross domestic product (GDP) deflator.
d. convert today's price to an earlier price, adjusting for inflation.
e. find the percentage of the quality change bias.
Answer:
Option d (convert.................inflation) is the correct approach.
Explanation:
The proportion [tex]\frac{(Price\ level \ of \ earlier \ times)}{(Price \ level \ of \ today)}[/tex] would have been utilized to incorporate or transform today's moment to something like an earlier market value, making adjustments rising prices. As well as the rate of return [tex]\frac{(Today's \ price)}{(Earlier \ price)}[/tex] will indeed transfer the previous price to current prices, modifying inflation.Some other preferences really aren't comparable to the scenario in question. So the above obvious response is the correct one.
Moneka reported $55,000 of income for the year by using absorption costing. The company had no beginning inventory, planned and actual production of 20,000 units, and sales of 18,000 units. Total variable manufacturing costs were $200,000, and total fixed manufacturing overhead was $50,000. If there were no variances, income under variable costing would be:_______
a. $45,000.
b. $55,000.
c. $65,000.
d. $105,000.
e. $5,000.
Answer:
Net income under variable costing= $50,000
Explanation:
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
We need to deduct to the net income of the absorption costing method, the fixed manufacturing overhead allocated into ending inventory.
Unitary fixed overhead= 50,000 / 20,000
Unitary fixed overhead= $2.5
Net income under variable costing= 55,000 - (2,000*2.5)
Net income under variable costing= $50,000
One of the most important features of a filing and record keeping system is that it works for you and meets your needs.A. TrueB. False
Answer:
True
Explanation:
One of the most important features of a filing and record keeping system is that it works for you and meets your needs.- True
Answer:
A) True
Explanation:
I just did the test
NEED HELP WILL GIVE BRAINLIEST!!
Francis has recently started an advertising campaign that includes numerous advertisements across various media formats. Since the campaign began,
sales are up 20%. He wants to increase his investment in the advertisements that have been most effective, but he doesn't know which ones to do. What has he failed to include in his advertisement planning?
A. Determining his target audience
B. Planning his advertising budget
C. How to measure advertising effectiveness
D. Knowing what types of media formats are available
He failed to include in his advertisement planning, knowing what types of media formats are available, hence option (D) is correct
What is an advertisement?The term advertisement refers that the promotion of a product to people digitally or a sample-based of product it can be under advertisement there are different types of advertisements are being also there as newspapers, and television are the source for the advertisement as well.
By not knowing the right advertisement Francis are not been able to make the sales it wanted to make as for the sales more advertisements are being required and by the advertisement they can make better work and more effectively in it but not knowing the current values in the sales he was not able to work on it.
Therefore, option (D) is correct.
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g has an expected return objective of 11%. To meet this client's return objective, William can create a portfolio with the weight of the market portfolio of:
Answer: c. 62.5%
Explanation:
I could not find a question with your exact figures but I found a similar one that can be used for reference.
Expected return is a weighted average of the expected returns of the constituent assets.
To bring about a return of 8%, William will have to allocate more money to the market portfolio because the risk free asset has a return of only 4%.
Assume therefore that(from the options) 62.5% went to the market portfolio and the rest went to the risk free asset.
Expected return is;
= (62.5% * 12%) + ( (1 - 62.5%) * 4%)
= 9%
The appropriate weight for the market portfolio is therefore 62.5%.
Which of the following lists only the factors that would cause a decrease in the supply of an item? A. A fall in input prices; an increase in productivity, a fall in the price of a substitute-in-production. B. A rise in the price of a substitute-in-production; a rise in the price of a complement-in-production; an expectation that the price of the item will rise in the future. C. A decrease in the number of sellers in the market; a fall in the price of a complement-in-production; an increase in productivity. D. A rise in input prices, a decrease in the number of sellers in the market; a rise in the price of a substitute-in-production.
Answer: d) a rise in input prices; a decrease in the number of sellers in the market; a rise in the price of a substitute in production.
Explanation:
Supply simply has to do with the amount of goods that a particular producer is willing to sell to economic agents at a particular price and at a given time.
It should be noted that rise in input prices; a decrease in the number of sellers in the market; a rise in the price of a substitute in production would cause a reduction in supply of goods and services.
This is because when the number of sellers reduce, the supply will also reduce as there are lesser people supplying the goods. Also, when the prices of input increases, it affects cost and supply reduces.
Therefore, the correct option is D.
For the supply of an item to decrease, the following factors are involved:
B. A rise in the price of a substitute-in-production; a rise in the price of a complement-in-production; an expectation that the price of the item will rise in the future.
What is supply?
Supply refers to the quantity of an item that the producers can willingly sell in the marketplace. Factors influencing supply include price, demand, and other market forces.
Thus, the supply of an item will decrease when the factors in Option B occur.
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Hector discovered that there was an error on his 2019 Form 1040 which was filed electronically from your office. He would like to amend the form and claim an additional refund as quickly as possible. Which of the following procedures should be used? Prepare a Form 1040-X and_____________.A. Mail to the IRS using an overnight service.B. Instruct Hector to hand deliver it to the local IRS office.C. File it electronically.D. Mail as usual.
Answer: File it electronically
Explanation:
Form 1040 is an Internal Service Revenue tax form that is utlized for the returns of the personal federal income tax that are filed by the residents of the United States.
Form 1040 calculates the taxpayer's total taxable income and then determines the amount that'll be paid or the amount that the government would refund.
Based on the information given, the procedures that should be used would be to prepare a Form 1040-X and then file it electronically so that Hector can make his claim.
________________ is the process of analyzing and identifying the need for an availability of human resources so that the organization can meet its objectives. Multiple Choice Labor market analysis Organization development HR planning Strategic planning Environmental scanning
Answer:
HR planning.
Explanation:
This is seen to be used in many cases by workforce leaders and also many firms in arranging of their company growth and development. In doing this, it is seen that manpower is been maximized and also people/workers are been placed at positions of their optimum performance. Thereby cutting limiting high risk of losses and certain circumstances that will possibly take place when mismanaged. Also it is seen that that right skills is made available to the organization. Also it is seen that that right skills is made available to the said firm.
Finn is interested in taking over a small business, but he wants to pay a fair price for it, so he consults their income statements. How can he determine the company's overall profitability in each quarter of the previous year?
a. Calculate total revenue minus taxes paid.
b. Calculate operating revenue minus operating expenses.
c. Calculate total revenue minus operating expenses.
d. Calculate total revenue minus total expenses
Answer:
d. Calculate total revenue minus total expenses
Explanation:
Profit is Calculated as Total revenue minus Total expenses. Therefore, consider all Incomes generated by the Business whether Primary or Secondary. Also consider all Expenses incurred by the business including Non - Operating expenses.
The features of a product that make it different from other products on the market are collectively referred to as the
product's
0 point of difference
O protocol
O market distinction
O product mix
Answer:
point of difference
Explanation:
The unique traits of a product that makes it different from the others are the point of difference. The points of difference make a product stand out from its competitors. When making purchasing decisions, the points of difference makes a customer choose a product and leave other similar goods.
In advertisements, marketers will always highlight a product's points of difference to attract buyers.
L-shaped isoquants describe production systems in which inputs are perfect substitutes. Is this statement correct or not and why?
Answer: False
Explanation:
An isoquant is a simply a curve or a graphical representation of the inputs that are required to yield identical output levels. An isoquant simply means quantity of output that is constant.
L-shaped isoquants describing production systems in which inputs are perfect substitutes is false. It is used to describe scenarios whereby the inputs in question are complements.
Lester is concerned about a stock in his portfolio because the dividend he just received exceeded the company's earnings per share for the same period.
What financial metric is Lester analyzing?
a.) Dividend per share
b.) Payout ratio
c.) Dividend yield
d.) Dividend cover
Answer:
D
Explanation:
The dividend payout ratio is the ratio of dividends paid to shareholders in proportion to net income
Payout ratio = dividends / net income
Dividend per share is the amount paid to shareholders for each share owned.
Dividend yield = earning per share / price per share
Dividend cover = net income / dividends per share
Answer:
Payout Ratio
Explanation:
Payout ratio is calculated by dividing the company’s dividend by the earnings per share. A payout ratio greater than 1 means the company is paying out more in dividends for the year than it earned, while a low payout ratio indicates that the company is retaining a greater proportion of their earnings instead of paying out dividends.
An open economy interacts with the rest of the world through its involvement in world markets for goods and services and world financial markets. Although it can often result in an imbalance in these markets, the following identity must remain true:
Net Capital Outflow=Net Exports
In other words, if a transaction directly affects the left side of this equation, then it must also affect the right side. The following problem will help you understand why this identity must hold.
Suppose you are the purchasing manager for a large chain of restaurants in the United States, and you need to make your semiannual purchase of tea. You pay $1,500,000 for a shipment of tea from an Indian tea producer.
Determine the effects of this transaction on exports, imports, and net exports in the U.S. economy, and enter your results in the following table. If the direction of change is "No change," enter "0" in the Magnitude of Change column.
Hint: The magnitude of change should always be positive, regardless of the direction of change.
Exports: Direction of change? (increase, decrease, no change) Magnitude of change?
Imports: Direction of change? (increase, decrease, no change) Magnitude of change?
Net Exports: Direction of change? (increase, decrease, no change) Magnitude of change?
Because of the identity equation that relates to net exports, the (increase/decrease?) in U.S. net exports is matched by an (increase/a decrease?)
in U.S. net capital outflow.
Which of the following is an example of how the United States might be affected in this scenario? Check all that apply.
The Indian tea producer purchases $1,500,000 worth of stock spread out over a few U.S. companies.
The United States sells $1,500,000 worth of bonds to the Indian tea producer.
The Indian tea producer hangs on to the $1,500,000 so that it can use the U.S. dollars to make investments.
Answer:
a. The effect of the tea shipment from India:
Imports:
Direction of change? (increase, decrease, no change)
Magnitude of change = $1,500,000
b. Because of the identity equation that relates to net exports, the (increase/decrease?) in U.S. net exports is matched by (an increase/a decrease?) in U.S. net capital outflow.
c. Examples of how the United States might be affected in this scenario:
The Indian tea producer purchases $1,500,000 worth of stock spread out over a few U.S. companies.
The Indian tea producer hangs on to the $1,500,000 so that it can use the U.S. dollars to make investments.
Explanation:
The net exports identity equation "Net Capital Outflow = Net Exports" measures the imbalance between a country's exports and imports. It also measures the imbalance between the foreign assets bought by domestic residents and the domestic assets bought by non-resident foreigners.
Which of the following statements concerning PERLS X capital notes is NOT correct?
a. A trigger event can happen before the call date.
b. Trigger events can be initiated before the mandatory exchange date.
c. The RBA cannot initiate a trigger event.
d. A capital trigger can be pulled if the issuing bank has insufficient regulatory capital.
e. Trigger events are subject to exchange conditions before the conversion can happen.
Answer:
The incorrect statement concerning PERLS X capital notes is:
c. The RBA cannot initiate a trigger event.
Explanation:
As the regulator of banks in Australia, the RBA (Reserve Bank of Australia) has an obligation to initiate a trigger event when it considers that capital trigger should be initiated as part of its activities in regulating banks' regulatory capital. A capital trigger is an event when there is an exchange of equity to cash from an investor or group of investors. It can also happen if a hybrid capital is to be liquidated.
Which of the following is a false statement regarding a Flexible Spending Account (FSA) (also known as a flexible spending arrangement)?
A. The taxpayer does not have to pay taxes on money put into an FSA that he or she uses to pay for certain out-of-pocket health care costs
B. The taxpayer can use funds in his or her FSA to pay for copayments and deductibles
C. The taxpayer can use FSA funds to pay for insurance premiums
D. Employers may make contributions to the taxpayer’s FSA
Answer: C. The taxpayer can use FSA funds to pay for insurance premiums
Explanation:
The Flexible Spending Account (FSA) is very useful as it provides reimbursement for certain out-of-pocket health care cost and is not taxable saves people money.
However, even though FSA funds can be used to pay off deductibles and co-payments, taxpayers are not allowed to use it to pay insurance premiums.
Which of the following matters would an auditor most likely communicate to those charged with governance?
a. The effects of significant accounting policies adopted by management in emerging areas for which there is no authoritative guidance.
b. Difficulties encountered in achieving a satisfactory response rate from the entity's customers in confirming accounts receivables.
c. A list of negative trends that may lead to working capital deficiencies and adverse financial ratios.
d. The level of responsibility assumed by management for the preparation of the financial statements.
Answer:
C. The effects of significant accounting policies adopted by management in emerging areas for which no authoritative guidance exists.
Explanation:
Financial auditors are ones that are involved in reviewing of financial statements as well documents or data of a company or organization. Information is gathered from financial reporting systems, balance sheet and other data's of the company. It should be noted that an auditor would most likely communicate the effects of significant accounting policies adopted by management in emerging areas for which no authoritative guidance exists
to those charged with governance
Rebecca was single on December 31, 2020. Her husband, Doug Washington, passed away on March 20, 2019, and she has not remarried. Rebecca and Doug have always filed Married Filing Jointly in previous tax years, Rebecca and Doug have two children, Sara, age 15 and David, age 11. Rebecca is 45 years old. Rebecca earned $36,000 in wages in tax year 2020. This was her only source of income. Each of the children received $200 in Social Security Survivor Benefits for the year, which Rebecca put into a college fund for their education. Rebecca paid all the cost to keep up her home and support for Sara and David. Rebecca received $2,200 in an Economic Impact Payment. In order to work, Rebecca paid $3,100 to ABC Academy for after-school child care. The statement from the care provider includes the provider's name, address, valid Employer Identification Number, and the amount paid for child care expenses for David ($2,500) and Sara (S600). They all are U.S. citizens and have valid Social Security numbers. No one in the family has a disability.
a. What is the most beneficial filing status allowable for Rebecca?
b. Rebecca has $3,100 in qualifying child care expenses for the child and dependent care credit.
1. True
2. False
Answer:
A. The most beneficial filing status allowable for Rebecca is:
Head of Household.
B. 2. False
Explanation:
a) Data:
Rebecca's (widowed March 20, 2019) 2020 earned income = $36,000
Dependent children = Sara, age 15 and David, age 11
Social security survivor received by children = $400 ($200 * 2)
Economic Impact Payment received by Rebecca = $2,200
Child care expenses paid = $3,100 (for David ($2,500) and Sara (S600)
b) Rebecca, as a widow, should file as the head of household. This status has some important tax advantages over the Single filing status. Since she qualifies as Head of Household by virtue of the death of her husband, she will enjoy a lower tax rate and a higher standard deduction than as a single filer. Rebecca's qualifying child care expenses will be limited to $2,500 for David since Sara is 15 and not disabled.
Which of the following kinds of agreements between two or more countries would be an example of a deep integration measure?
a. An agreement to impose the same limits on cartels and monopolies.
b. An agreement to unify customs forms in order to speed up cross-border traffic .
c. An agreement to reduce exports.
d. An agreement to reduce tariffs and quotas
Answer:
a. An agreement to impose the same limits on cartels and monopolies
Explanation:
Deep Integration may be defined as a trade agreement between two or more countries. It consists of rules on the various tariffs and also the restrictions on the non-tariff trade. It provides investor rights, competition policy, product standards and many more. It requires cooperation with the other national governments or the international bodies.
An agreement to impose same limits on the cartels and monopolies in an example of a deep integration measure between two or more countries.
Which of the following correctly pairs the levels of the federal court system with the types of cases each decides?a) U.S. Supreme Court - trials; U.S. Circuit Court - appealsb) U.S. Supreme Court - appeals; U.S. Circuit Court - trialsc) U.S. Circuit Court - appeals; U.S. District Court - trialsd) U.S. Circuit Court - trials; U.S. District Court - trials
Answer:
its D
Explanation:
U.S. Circuit Court – trials; U.S. District Court – trials is the correct pair that states about the levels of the federal court system with the types of cases each court decides. Therefore, the option D holds true.
What is the significance of the Court System?The court system can be referred to or considered as a system which deals with the matters related to judicial justice to the citizens of the United States of America, and the cases that fall under its individual jurisdiction.
There are a number of courts in the federal court system. Some courts like the US circuit court and the District Court entertains only trials; whereas, the Supreme Court deals with trials as well as appeals.
Therefore, the option D holds true regarding the significance of the Court System.
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Last year Ace charged $2,056,000 Depreciation on the Income Statement of Andrews. If early this year Ace sold all its depreicable assets for their book value, the effect on Andrews's financial statements would be (all other items remaining equal):_________
a. Increase Net Cash from operations
b. Decrease Net Cash from operations on the Cash Flow Statement
c. No impact on Net Cash from operations
d. Just impact the Balance Sheet
Answer: d. Just impact the Balance Sheet
Explanation:
The sale of the assets would impact the balance sheet because it would reduce the amount of fixed assets that the company records as assets which means that assets as a whole will be reduced.
The Cashflow statement will also be affected because cash would come in from the sales but this will be reflected in the investing activities not the operating activities.
An asset (not an automobile) put in service in June 2019 has a depreciable basis of $2,065,000, a recovery period of 5 years, and is the only asset placed in service this year. Assuming bonus depreciation is used, a half-year convention, and the expensing election is not made, what is the maximum amount of cost that can be deducted in 2019?
a. $411,000
b. $1,427,000
c. $2,065,000
d. $1,411,000
e. None of these choices are correct.
Answer:
c. $2,065,000
Explanation:
Under the depreciation bonus election, 100% of the deduction is allowed thus the amount of cost that can be deducted in 2019 is the total Depreciable base of $2,065,000.
What is a common problem that many new managers face in the first year of their managerial career?a) Exploiting the freedom they have to do what they think is best for the companyb) Thinking too much about building teams and networksc) Shrinking away from confrontation and opening up communication gapsd) Wanting to do all the work themselvese) Delegating so much work that there is nothing left for them to do
Answer:
) Wanting to do all the work themselvese
Explanation:
In the first year of their managerial career, new managers tend to want to do all the work on their own. If this is continued this could be a cause for failure. As a manager it is very important that different tasks 8n an organization are delegated to competent persons. This will help to increase output. And would also give managers the time to focus on other issues in the organization.
Marilyn is eligible to receive Medicare. If she receives a $15,000 taxable HSA distribution this year, what tax penalty, if any, will apply
Answer: no tax penalty can be apply in this case.
Explanation:
Medicare is available for people age 65 or older .
If Marilyn is eligible to receive Medicare.
For a taxable HSA distribution, there is no tax penalty if a person aged more than 65 years receives a taxable HSA distribution.
So if Marilyn is eligible to receive Medicare, w assume that her age is more than 65.
Hence, no tax penalty can be apply in this case.
________ communication is a form of two-way communication, a dialogue.
A) Mass
B) Target
C) External
D) Integrative
E) Interactive
Can someone help me plz
Answer:
What grade are you in my lord
Explanation:
Arthur has found that age, gender, and eye color are associated with one consumer habit, and that shoe size, belt size, and gender are associated with another. These two sets of associated factors are examples of .:______
Answer:
Data clusters
Explanation:
Clustering is when one groups data into classes s that objects within a group has high similarity that is in comparison to another, but are very dissimilar to objects in other clusters."
Cluster is known to be collection of data objects that are similar to each other