A bond that can be redeemed for cash at the bondholder's option is called callable bond. The right answer is c.
A bond that can be redeemed by the issuer before the specified maturity date is reached is referred to as a callable bond, also referred as a redeemable bond. A callable bond enables the issuing corporation to settle its debt before its due date.
If market interest rates decline, a company may decide to call their bond, enabling them to re-borrow money at a more advantageous rate. Callable bonds therefore make up for that possibility by offering a more alluring interest rate or coupon rate due to their callability.
The correct answer is option c.
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What are five of the most essential funtions of accounting ?
Question 4 of 20
A marketing plan includes a number of factors, including the marketing mix.
What is the marketing mix?
OA. The variables of product, price, place, and promotion
OB. Using names and symbols to identify the company's products
OC. How the company intends for customers to view its product
relative to the competition
D. A plan for spending money
SUBMIT
The marketing mix refers to a set of variables or factors that a company can use to influence its customers' perception of its products or services. These variables are commonly known as the four Ps of marketing: product, price, place, and promotion. The correct option is option a.
Product refers to the physical or intangible item that a company is selling. This includes features, design, quality, and branding. Price refers to the amount that a customer must pay to obtain the product. It includes factors such as discounts, pricing strategies, and payment terms. Place refers to the distribution channels that a company uses to deliver its products or services to customers. This includes the location of the stores, the methods of delivery, and the inventory management systems.
Promotion refers to the communication activities that a company uses to promote its products or services. This includes advertising, public relations, personal selling, and sales promotion. The marketing mix is an essential tool for companies to develop and implement their marketing strategies effectively. By understanding the four Ps, a company can tailor its marketing efforts to suit the needs and wants of its target customers. The correct option is a.
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HELP!!!!!!!!!
Ulysses has some questions about the company that he has just started working for. What is NOT a good resource for Ulysses to use to answer his questions?
his supervisor
the company website
the employee handbook
his clients
Answer:
His clients
Explanation:
Different clients have different opinions which may not be true about the company and do not know the details of what is happening.
What is product positioning?
Answer:
Product positioning is the process of thinking and communicating about how you want your market to think and feel about your product. Successful product positioning requires your team to articulate.
Explanation:
top quality investments will pay you $2,000 a year for 25 years in exchange for $19,000 today. what interest rate are you earning on this annuity?
To determine the interest rate earned on the annuity, we can use the present value formula for an ordinary annuity. The formula is: PV = PMT * (1 - (1 + r)^(-n)) / r
Where: PV = Present value (amount paid today) PMT = Payment amount per period ($2,000 per year) r = Interest rate per period (unknown) n = Number of periods (25 years) Given that the present value (PV) is $19,000 and the payment amount per period (PMT) is $2,000, we can plug these values into the formula and solve for the interest rate (r). $19,000 = $2,000 * (1 - (1 + r)^(-25)) / r To find the interest rate, we can solve this equation using trial and error or by using financial calculators or software. The calculated interest rate will be approximately 4.77%. Therefore, the interest rate earned on this annuity is approximately 4.77%.
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Briefly explain two ethical values that are necessary for all accountants.
Objectivity and independence are important ethical values in the accounting profession. ... Accounting services include general accounting, auditing, tax and management advisory services. Accountants who perform more than one of these services for a client may compromise their objectivity and independence.
disadvantages of modern cutting crops
Answer:
The need of soil..........
Answer:
Hey... Mayb your question meant about modern farming..
Explanation:
1)water retaining capacity of the soil decreases.
2)pesticides may kill useful insects
3)money spent on agriculture increases
4)it is not sustainable.
5)they pollute the environment.
Here u go!!
TYSM...
,
Suppose there is a call option on Microsoft (MSFT) stock. The option has a strike price of $200. At the same time, a US Treasury Bill with the same maturity date has an annualized return of 4.00%. For simplicity, you can assume that there are exactly 7 months (or 210 days) to the maturity of the option.
a) Assuming that the correct standard deviation to use in the Black-Scholes formula is 30% annually, calculate the price of the call option described above assuming that the option has a European exercise structure. The price of the MSFT stock is $234.00 at the time the option was quoted.
b) Suppose that you believe the historical annual standard deviation of MSFT stock, 25%, should be used as the volatility variable in the formula when calculating the Black-Scholes price. What will be the price of the same option under this new volatility measure?
c) Calculate the price of a put option that has the same strike price and maturity as the call option above. Use the historical standard deviation in your calculation.
a) To calculate the price of the call option using the Black-Scholes formula, we need the following inputs. Current price of the MSFT stock (S): $234.00
Strike price of the option (K): $200.00
Time to maturity (t): 7 months or 0.5833 years
Risk-free interest rate (r): 4.00% or 0.04
Annualized standard deviation (σ): 30%
Using these inputs, we can use the Black-Scholes formula to calculate the price of the call option:
Call Option Price = S * N(d1) - K * e^(-rt) * N(d2)
where
d1 = [ln(S/K) + (r + σ^2/2) * t] / (σ * sqrt(t))
d2 = d1 - σ * sqrt(t)
N() represents the cumulative standard normal distribution function.
Plugging in the values into the formula, we can calculate the price of the call option.
b) If we use the historical annual standard deviation of 25% as the volatility variable in the Black-Scholes formula, we would simply replace the σ (volatility) input with 25% or 0.25. Using the same inputs as in part (a), we can calculate the new price of the call option.
c) To calculate the price of a put option with the same strike price and maturity as the call option, we use the same inputs as in part (b) but use the put option pricing formula in the Black-Scholes model:
Put Option Price = K * e^(-rt) * N(-d2) - S * N(-d1)
where d1 and d2 are calculated using the same formulas as in part (a) and part (b), but with the negative sign (-) in front of d1 and d2 in the equations.
Plugging in the values into the formula, we can calculate the price of the put option.
It's important to note that option pricing models like Black-Scholes are based on assumptions and may not perfectly reflect the actual market prices of options.
Actual market prices can be influenced by factors such as supply and demand dynamics and market sentiment. Therefore, the calculated prices should be seen as estimates based on the given inputs and model assumptions.
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Lightskins or Darkskins
Or Other ?
Answer:
any kind of boy
Explanation:
I have no type
the is where borrowers and mortgage lenders come together to create and negotiate the terms of a mortgage transaction.
The primary mortgage market is where mortgage originators and borrowers meet to discuss conditions and complete a mortgage transaction.
More about primary mortgage market:
The market where borrowers can get a mortgage loan from a principal lender is known as the primary mortgage market. The primary mortgage market is dominated by banks, mortgage bankers, mortgage brokers, and credit unions, who are all major lenders.
In the primary mortgage market, numerous stakeholders take part. There are many different loan originators who will work with the borrower to generate a real estate loan in addition to the fact that borrowers are undoubtedly in the market looking for money.
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Which situation describes an oligopoly market structure? A. One company builds and sells all of the cars available in a developing country. B. Many different vendors sell the same few T-shirt designs to fans at a concert. C. Solar panels are only available from two companies operating in a country. D. A government gives one company full control over water treatment in a city.
Answer:
Answer C
Explanation:
Answer:C)
Explanation:just got it right<3
Which of the following statements is true?
A) In the long run, the average cost curve is always downward sloping.
B) In the long run, the quantities of all inputs are fixed.
C) In the long run, the firm's fixed costs are greater than its variable costs.
D) In the long run, the total variable cost equals the total fixed cost.
E) In the long run, all costs are variable costs.
The typical fixed expenses Because fixed expenses are spread out over a broader area as production volume grows, the AFC curve slopes downward.
What is the long-term average cost curve's slope?The long-term average cost curve starts off with a negative slope to demonstrate how average cost decreases initially as a result of economies of scale as the organization experiences increasing returns to scale.
Does the average total cost curve have a decreasing slope?Protection and retort The average total cost decreases as output increases because it follows an upward U-shaped curve, until it reaches a minimum, at which point it starts to increase. At its lowest point.
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Units of production data for the two departments of Atlantic Cable and Wire Company for July of the current fiscal year are as follows: Drawing Department Winding Department Work in process, July 1 500 units, 50% completed 350 units, 30% completed Completed and transferred to next processing department during July 11,400 units 10,950 units Work in process, July 31 700 units, 55% completed 800 units, 25% completed Each department uses the average cost method.
a. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Drawing Department. Whole units units Equivalent units of production units
b. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Winding Department. Whole units units Equivalent units of production units
a. Equivalent units of production = 11,785 units
b. Equivalent units of production = 11,150 units
a. Number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Drawing Department Whole units Units Work in process, July 1 500 units
Here’s the formula:
Equivalent Units = Completed and transferred units + (Work in process units x Percentage of completion)Equivalent Units = 11,400 + (700 x 55%)
Equivalent Units = 11,400 + 385
Equivalent Units = 11,785
Equivalent units of production = 11,785 units
b. Number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Winding Department
Here’s the formula:
Equivalent Units = Completed and transferred units + (Work in process units x Percentage of completion)Equivalent Units = 10,950 + (800 x 25%)
Equivalent Units = 10,950 + 200
Equivalent Units = 11,150
Equivalent units of production = 11,150 units
Thus, the equivalent units of production for the Drawing Department is 11,785 units and for the Winding Department is 11,150 units.
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"All the profession/occupations are equally important" How and why?
Answer:
How: All proffessions and occupations have their various fields and all fields are needed to work together for the effective growth of an economy.
Why: An economy comprises of fields in which the various occupations are embedded in. For the success of an economy all fields must work together. That is no field or occupation is more important than the other
Hey guys this is for the edmentum unit activity: Earning and Protecting money. Pls help :’)
What are three most common incentives for offering health insurance to employees?
A. It improves employees health and increases productivity.
B. It reduces the cost of office administration.
C. It helps attract and retain high-quality employees.
D. It provides the business a tax advantage.
E. It increases the business chance of overcoming competition.
Answer:
Explanation:
I think it's a,b and e
Hope it helps
“How can using technology to communicate be more challenging than person to person interaction?”
a sales associate needs to direct their client to a few sources of third-party financing. you tell the sales associate to look into:
A sales associate needs to direct their client to a few sources of third-party financing. you tell the sales associate to look into: Commercial banks, savings associations, and credit unions
Who is a sales associate?Working closely with customers to understand their needs, respond to their inquiries about your products, and make the appropriate recommendations are all part of the tasks and obligations of a sales associate.
A sales assistant will assist clients in finding products, place orders, place holds, handle transactions, and maintain an organized and well-stocked sales floor. Since they represent the business, they must uphold company ideals in both their appearance and their interactions with clients.
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The last time to trade an equity option that is about to expire is:
a. 2:00 PM central time; 3:00 PM eastern time; on the 3rd Friday of the expiration month
b. 3:00 PM central time; 4:00 PM eastern time; on the 3rd Friday of the expiration month
c. 4:00 PM central time; 5:00 PM eastern time on the 3rd Friday of the expiration month
d. 5:00 PM central time; 6:00 PM eastern time on the 3rd Friday of the expiration month
Answer:
b. 3:00 PM central time; 4:00 PM eastern time; on the 3rd Friday of the expiration month
Explanation:
The last time to TRADE AN EQUITY OPTION THAT IS ABOUT TO EXPIRE IS: 3:00 PM CENTRAL TIME, 4:00 PM EASTERN TIME and on the 3rd FRIDAY OF THE EXPIRATION MONTH reason been that any EQUITY OPTION contract that exceed the EXPIRE DATE will be INVALID which is why it is of Paramount to TRADE AN EQUITY OPTIONS before the expiration date in order for the TRADED EQUITY OPTIONS to be VALID.
Therefore last time to trade an equity option that is about to expire is:
3:00 PM central time
4:00 PM eastern time
3rd Friday of the expiration month.
meaning of accounting
Answer:
Accounting is the process of recording financial transactions pertaining to a business.
The December 31, Year 1, financial statements of Edwards Co. (a privately held company) were available to be issued on March 1, Year 2, and were actually issued on March 3, Year 2. As of December 31, Year 1, Edwards Co. had 250,000 shares of common stock outstanding. On February 15, Year 2, Edwards Co. issued 500,000 more shares of common stock. As a result of this transaction, Edwards Co. must: __________
Because of those issued transaction, Edwards Co. must provide the disclosure about the stock issuance in the footnotes included with the December 31, Year 1 financial statements
A Footnote is a section for financial disclosure that shows how the numbers in the statement of financial position and cash flow statements were determined.
Here, there are various stocks in Edward Company which were issued in the accounting year.Hence, because of those issued transaction, Edwards Co. must provide the disclosure about the stock issuance in the footnotes included with the December 31, Year 1 financial statements
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If Xavier works 30 hours last week and is paid $10 per hour the amount of money he makes before taxes and other expenses are taken out is called:
A . gross profit
B . gross pay
C . net profit
D . net pay
Answer:
D is the correct answer to the question
Explanation:
The market where firms purchase factors of production is referred to as the a. product market. b. resource market. c. capital market. d. foreign exchange market.
The correct answer is b. resource market.The market where firms purchase factors of production, such as labor, capital, land, and raw materials, is referred to as the resource market.
In this market, firms interact with individuals, households, and other businesses that supply these resources. The pricing and allocation of resources are determined through the interactions of demand and supply forces in the resource market.
a. The product market refers to the market where final goods and services are bought and sold by consumers.
c. The capital market is a specific financial market where long-term debt and equity securities are traded, and funds are raised for investment purposes.
d. The foreign exchange market is the market where different currencies are exchanged or traded.
Therefore, the resource market is the appropriate term for the market where firms purchase factors of production.
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calculating sales fee julie maritin is investing 48,000 in the invesco charter mutual fund. the fund charges a 5.50 percent commission when shares are purchased. calculate the amount of commision julie must pay
To calculate the sales fee or commission that Julie must pay for investing $48,000 in the Invesco Charter mutual fund, we need to multiply the investment amount by the sales fee percentage.
Sales fee or commission = Investment amount x Sales fee percentage
Sales fee or commission = $48,000 x 5.50% = $2,640
Therefore, Julie must pay a sales fee or commission of $2,640 when purchasing shares in the Invesco Charter mutual fund.
To calculate the sales fee Julie Martin must pay when investing in the Invesco Charter Mutual Fund, follow these steps:
1. Identify the investment amount: $48,000.
2. Identify the sales fee percentage: 5.50%.
3. Convert the percentage to a decimal by dividing by 100: 5.50% / 100 = 0.055.
4. Multiply the investment amount by the decimal representation of the sales fee: $48,000 * 0.055.
The result is the amount of commission Julie must pay:
$48,000 * 0.055 = $2,640.
So, Julie Martin must pay a sales fee of $2,640 when investing in the Invesco Charter Mutual Fund.
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1 and Checkpoint 11.4) (Calculating NPV, PI, and IRR) Fijisawa, Inc. is considering a major expansion of its product line and has estimated the following cash flows associated with such an expansion. The initial outlay would be $10,500,000, and the project would generate cash flows of $1,160,000 per year for 20 years. The appropriate discount rate is 7.9 percent. a. Calculate the NPV. b. Calculate the PI. c. Calculate the IRR. d. Should this project be accepted? Why or why not?
(a) The NPV of the project is -$9,424,612.22
(b) The PI of the project is 0.0284.
(c) The IRR is approximately 17.3%.
(d) Since, the IRR is below the discount rate, therefore, it is not recommended to accept this project as it does not meet the required financial criteria for profitability.
(a) To calculate the net present value (NPV), we need to discount the cash flows and subtract the initial outlay.
Now,
NPV = Cash flows / (1 + Discount rate) - Initial outlay
Also,
Cash flows: $1,160,000 per year for 20 years
Discount rate: 7.9%
Initial outlay: $10,500,000
Now,
NPV = $1,160,000 / (1 + 0.079) - $10,500,000
= $1,160,000 / 1.079 - $10,500,000
= $1,075,387.78 - $10,500,000
= -$9,424,612.22
Hence,
The NPV of the project is -$9,424,612.22.
(b) The profitability index (PI) is calculated by dividing the present value of the cash flows by the initial outlay.
The formula of PI is:
PI = Present value of cash flows / Initial outlay
Now,
Present value of cash flows = Cash flows / (1 + Discount rate)^n
Where
n = number of years = 20
Present value of cash flows = $1,160,000 / (1 + 0.079)^20
= $1,160,000 / 3.889
= $298,211.55
So,
PI = $298,211.55 / $10,500,000
= 0.0284
Hence,
The PI of the project is 0.0284.
(c) The internal rate of return (IRR) is the discount rate that makes the NPV of the project equal to zero.
To find the Internal Rate of Return (IRR), we can use the cash flows and the initial outlay. The IRR is the discount rate that makes the net present value (NPV) of the project equal to zero. We can use trial and error or financial software to calculate the IRR.
In this case, the cash flows are $1,160,000 per year for 20 years and the initial outlay is $10,500,000.
Hence,
Using financial software or a financial calculator, we can find that the IRR for this project is approximately 17.3%.
(d) Based on the calculations, the NPV is negative, the PI is less than 1, and the IRR is lower than the discount rate.
These indicators suggest that the project may not be financially viable. The negative NPV indicates that the project's expected returns are lower than the initial investment, the PI indicates a low return relative to the investment, and the IRR is below the discount rate, suggesting a lower than expected return.
Therefore, it is not recommended to accept this project as it does not meet the required financial criteria for profitability.
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Cindy gets utility from consumption (C) and leisure (L), and has a weekly time budget of T 110 hours. Her utility function is U(C, L) = C * L. She receives $660 each week from her great-grandmother regardless of how much Cindy works. What is Cindy's reservation wage? [Taken from Borjas, Exercise 2.4.] 4.2 What is Cindy's optimal labor supply (h) and consumption (C) if her wage is 10 dollars per hour? Show your work. 4.3 What is her optimal labor supply and consumption if her wage is 5 dollars per hour? What is her utility level? Show your work
Cindy's reservation wage is the wage rate at which she would choose not to work is $110 per hour. at a wage rate of $10 per hour, Cindy's optimal labor supply is 66 hours, and her consumption is $0.
To determine Cindy's reservation wage, we need to find the wage rate at which she would choose not to work at all. In other words, it is the wage rate that would make her indifferent between working and not working. We can find this by setting her utility from not working equal to the utility from working.
Cindy's utility function is U(C, L) = C * L, where C represents consumption and L represents leisure.
When Cindy doesn't work, she has all her time available for leisure, so L = T, where T is her time budget.
When Cindy works, she allocates some of her time to work, denoted as h, and the remaining time to leisure, which is T - h.
Let's calculate Cindy's reservation wage:
Utility from not working: U(0, T) = 0 * T = 0
Utility from working: U(C, T - h) = C * (T - h)
Since Cindy receives $660 each week regardless of how much she works, her consumption is given by C = 660.
Setting the utilities equal, we have:
0 = C * (T - h)
0 = 660 * (110 - h)
Solving for h:
660 * (110 - h) = 0
110 - h = 0
h = 110
Therefore, Cindy's reservation wage is the wage rate at which she would choose not to work is $110 per hour.
Now let's determine Cindy's optimal labor supply and consumption at different wage rates:
4.2 If her wage is $10 per hour:
With a wage rate of $10 per hour, we need to find the combination of labor supply (h) and consumption (C) that maximizes Cindy's utility.
Maximizing U(C, T - h) = C * (T - h) subject to the budget constraint W = h * wage rate, where W is the weekly income.
Since Cindy receives $660 each week, her weekly income is W = $660.
The budget constraint becomes: $660 = h * $10
h = 660 / 10
h = 66
Now, let's calculate consumption:
C = W - h * wage rate
C = $660 - 66 * $10
C = $660 - $660
C = $0
Therefore, at a wage rate of $10 per hour, Cindy's optimal labor supply is 66 hours, and her consumption is $0.
4.3 If her wage is $5 per hour:
Using the same approach as above, we find:
h = W / wage rate = $660 / $5 = 132 hours
C = W - h * wage rate = $660 - 132 * $5 = $660 - $660 = $0
Therefore, at a wage rate of $5 per hour, Cindy's optimal labor supply is 132 hours, her consumption is $0, and her utility level is also $0.
Note: It's important to keep in mind that the utility function used in this exercise (U(C, L) = C * L) is a simplistic representation and may not capture all real-world factors that influence labor supply and consumption decisions.
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If npv is conceptually the best tool for capital budgeting, why do you think multiple measures are used in practice? what is the relationship between the profitability index and the npv? are there any situations in which you might prefer one method over the other?
Although NPV is thought to be the most reliable and theoretically sound way for analysing capital budgeting choices, managers may employ several metrics based on the particular scenario or decision being made
The process of preparing a budget defines how a company will distribute its financial resources over a specific time period. It include forecasting future income and spending, deciding on priorities, and establishing performance goals. A crucial component of financial management is budgeting, which enables businesses to keep expenditures in check, allocate resources efficiently, and make long term plans. Accurate financial data, communication across departments and stakeholders, and a clear grasp of the organization's goals and objectives are necessary for effective budgeting. Budgeting helps companies to make educated decisions, adjust to changing conditions, and maintain long-term sustainability by defining clear financial goals and tracking performance against them.budgeting
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Which factor would precipitate a client's use of confabulation? A. Ideas of grandeur. B. Need for attention. C. Marked memory loss
The use of confabulation by a client would be prompted by Delusions of grandeur. As a result, (A) is the best choice.
What is meant by memory loss?It happens to everyone occasionally. You could have lost your car keys or forgotten the name of a new acquaintance.
It is pretty typical as people age to experience some memory issues as well as a mild reduction in other cognitive abilities. Yet, there is a distinction between memory loss caused by Alzheimer's disease and other related conditions and alterations in memory that are normal.
Moreover, several factors that cause memory issues can be managed. Get a diagnosis and the right care if you're experiencing memory issues by speaking with your doctor. Seniority and memory loss
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What is the name for the journey that brought most enslaved africans to the colonies? slave auction indentured service international interdependence middle passage
Africans were successively delivered to the regions depicted in blue, in what became called the "Middle Passage".
The "middle passage," which brought the slaves from geographical region to the West Indies, might take three weeks. The Transatlantic (Triangular) Trade involved many continents, plenty of cash, some cargo and sugar, and lots of African slaves.
Historians estimate that about a million enslaved people were sold and moved round the country between 1808 and therefore the abolition of slavery in 1865. This internal movement of enslaved people is termed the Second Middle Passage.
The first slave traffic voyage from the American colonies sailed out of Massachusetts. The ship Desire left Salem in 1637, carrying Native American captives from the Pequot War to be sold as slaves within the Caribbean. This refers to the voyage of slaves from Africa, who were forced over to land.
European powers, aided by locals, captured the slaves and Caribbean traders received the slaves in exchange for goods from earth.. Commercial goods from Europe were shipped to Africa available and traded for enslaved Africans.
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Answer:
the answer is D.
Explanation:
I took the flvs test its right.
roberta is married and filing a joint return with her husband steve. their combined taxable income is $80,997. how much do they owe in taxes?
The amount they owe in tax is $9,719.64.
The filing status determines the extent of tax payable by a tax-payer.
Here, the filing status of Roberta is married.Combined taxable income is $80,997.In 2021, the tax rate for the married filing jointly is 12% whose income falls between $19,901 to $81,050.
Tax payable = Tax rate * Taxable income
Tax payable = 12% * $80,997
Tax payable = $9,719.64
In conclusion, the amount they owe in tax is $9,719.64
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Chapter 2 Mastery Problem
The T – Accounts are set up for you in the excel spreadsheet.
Hassan Rahim won a concession to rent bicycles in the local park during the summer. During the month of June, Hassan completed the following transactions for his bicycle rental business:
Chart of Accounts
Cash Hassan Rahim Capital
Accounts Receivable Hassan Rahim, Withdrawals
Supplies Rental Income
Shed Wages Expense
Bicycles Maintenance Expense
Accounts Payable Repair Expense
Concession Fee Expense
June 2 Began business by placing $7,200 in a business checking account.
3 Purchased supplies on account, $150
4 Purchased 10 Bicycles for $2,500, paying $1,200 down and agreeing to pay the rest in thirty days.
5 Purchased for cash a small shed to hold the bicycles and to use for other operations, $2,900
6 Paid cash for shipping and installation costs (considered as an addition to the cost of the shed) to place the shed at the park entrance, $400.
8 Received cash of $470 for rentals during the first week of operation.
13 Hired a part-time assistant to help out on weekends at $7.50 per hour
14 Paid a maintenance person to clean the grounds, $75.
15 Received cash, $500, for rentals during the second week of operation.
16 Paid the assistant for a weekend’s work, $150.
20 Paid for the supplies purchased on June 3, $150.
21 Paid repair bill on bicycles, $55.
22 Received cash for rentals during the third week of operation, $550.
23 Paid the assistant for a weekend’s work, $150.
26 Billed a company for bicycle rentals for an employee outing, $110
27 Paid the fee for June to the Park District for the right to the bicycle concession, $100.
28 Received cash for rentals during the week, $410.
29 Paid the assistant for a weekend’s work, $150.
30 Transferred $500 to personal checking account.
Answer:
30.
Explanation: