At December 31, 2020, Coronado Inc. had a deferred tax asset of $32,500. At December 31, 2021, the deferred tax asset is $62,900. The corporation’s 2021 current tax expense is $62,400. What amount should Coronado report as total 2021 income tax expense?
Total income tax expense for 2021?
Answers
Coronado Inc. should report a total 2021 income tax expense of $93,400.
The change in the deferred tax asset from 2020 to 2021 is $62,900 - $32,500 = $30,400, which means that the corporation recognized a deferred tax benefit of $30,400 in 2021. This recognition of deferred tax benefit reduces the total income tax expense.
The current tax expense for 2021 is $62,400. Therefore, the total income tax expense for 2021 is:
Total income tax expense = Current tax expense + Change in deferred tax asset
Total income tax expense = $62,400 + $30,400
Total income tax expense = $93,400
Coronado Inc. should report a total income tax expense of $93,400 for 2021, which is composed of $62,400 of current tax expense and $30,400 of deferred tax benefit.
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Related Questions
In your opinion, what is the American dream, and do you want it? Explain
Answers
The American Dream is a set of ideals, including the opportunity for prosperity, success, and social mobility through hard work and determination.
It embodies the principles of freedom, equality, and democracy, which are essential elements of American society. Many people aspire to achieve the American Dream, seeking a better life, improved financial stability, and a secure future for themselves and their families.
The pursuit of this dream can vary from person to person, as it is shaped by individual goals and values. The American Dream, though an inspiring concept, has been subject to criticism and debate, with some arguing that it may not be equally attainable for everyone due to various socio-economic factors.
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to what extent do you think the 'big four' supermarkets should change their strategies and adopt the discounter model?
Answers
The major four grocery chains are known as the "Big 4," with Tesco, Sainsbury's, Asda, and Morrisons maintaining their dominance for many years.
What changes should be brought by the big four?Discounters have been expanding their market share, and by 2020 this is predicted to increase. If the big four don't alter their strategy, they risk losing ground. When it comes to net profit margin, the discounter model appears to be more efficient.
The major four Especially if profitability is the primary emphasis of business objectives, you might wish to adopt some components of the method, such as having some discount lines, concentrating on smaller product lines, becoming leaner, and reducing administrative costs.
Depending on how they perceive their own strengths and shortcomings as well as the chances and challenges that lie ahead, they may come to different conclusions.
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Beginning Balance $1000
19-Jul ACH Outgoing Transfer $(730)
20-Jul Incoming App Transfer $1800
23-Jul ACH Incoming Transfer
$20
24-Jul E-bill Pay Utilities
$(100)
What is the ending
balance on this
account after
these transfers
are completed?
Answers
Answer:
the ending balance after these transfers are completed is $1990.
Explanation:
Beginning Balance: $1000
19-Jul ACH Outgoing Transfer: -$730
Balance after transaction: $1000 - $730 = $270
20-Jul Incoming App Transfer: +$1800
Balance after transaction: $270 + $1800 = $2070
23-Jul ACH Incoming Transfer: +$20
Balance after transaction: $2070 + $20 = $2090
24-Jul E-bill Pay Utilities: -$100
Balance after transaction: $2090 - $100 = $1990
1.What is a farm business plan used for?
2.What environmental issues could have a negative effect on a farm?
3.Why is knowing agricultural statistics, background info, and soil characteristics about the territory in which your farm is located important?
Answers
Answer:
1. A farm business plan is used to outline the goals, strategies, and financial projections for a farm, and to guide decision-making and management.
2. Environmental issues that could have a negative effect on a farm include soil erosion, drought, flooding, pests and diseases, climate change, pollution, and loss of biodiversity.
3. Knowing agricultural statistics, background information, and soil characteristics about the territory in which your farm is located is important because it helps farmers make informed decisions about what crops to grow, how to manage the land, and how to address challenges and opportunities. This information can help farmers optimize their resources, improve their yields and profitability, and minimize risks and negative impacts on the environment.
A ________ decision occurs when an unexpected problem arises that can lead to disaster if not resolved quickly and appropriately.
programmed
standard
strategic
nonprogrammed
crisis
Answers
In decision-making, a nonprogrammed decision occurs when an unexpected problem arises that can potentially lead to a disaster if not promptly and effectively resolved.
Nonprogrammed decisions are unique and unstructured, as they involve novel and unfamiliar situations that require a tailored approach. These decisions are not guided by predefined rules or procedures, unlike programmed decisions that follow established protocols.
Nonprogrammed decisions often arise in response to complex or unprecedented circumstances, where standard procedures or routine actions are insufficient.
When a crisis occurs, it typically triggers nonprogrammed decision-making. A crisis refers to a sudden and critical event or situation that poses a severe threat to an organization's operations, reputation, or existence. Crises demand immediate attention and action to mitigate potential harm.
The nature of a crisis necessitates quick thinking, creative problem-solving, and adaptive decision-making to navigate through the situation successfully. The decisions made during a crisis often have significant implications for the organization's survival and long-term outcomes.
In summary, nonprogrammed decisions are essential in addressing unexpected problems and crises that require unique and adaptable decision-making approaches to prevent potential disasters.
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Question 12 When you get a vaccine, it benefits others because you can't get them sick. If left to the free market, the socially optimal amount of vaccines would be produced. vaccines would be underproduced. vaccines would be overproduced.
Answers
Answer:
yup you are right i think so idrk
The officer of a corporation responsible for the firm's published financial statements would be most concerned about pronouncements of the:_______
Answers
The officer of a corporation responsible for the firm's published financial statements would be most concerned about pronouncements of the FASB.
What is financial statements?Financial statements are formal records of a company's, person's, or other entity's financial actions and condition. Relevant financial information is presented in a systematic and easy-to-understand way.
Earnings are the profits made by a corporation over a specific time period, usually a quarter or fiscal year. On the income statement, the earnings figure is shown as net income. When investors talk about a company's earnings, they usually mean net income or profit for the quarter.
On the income statement, interest expenditure is a non-operating item. It denotes the interest payable on all borrowings, including bonds, loans, convertible debt, and lines of credit. It is computed by multiplying the interest rate by the outstanding principal amount.
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The accompanying table gives cost data for a firm that is selling in a purely competitive market. Which of the following tables gives the firm's short-run supply schedule
Answers
The table with a constant MC of $150 represents the firm's short-run supply schedule.
The short-run supply schedule of a firm in a purely competitive market is determined by the firm's marginal cost (MC) and the market price (P).
To identify the short-run supply schedule, we need to compare the MC with the market price. If the MC is lower than or equal to the market price, the firm will supply that quantity. If the MC is higher than the market price, the firm will not supply any quantity.
Now, let's analyze the given tables to determine which one represents the firm's short-run supply schedule.
In the first table, the MC remains constant at $150 for all quantities produced. If the market price is less than or equal to $150, the firm will supply the corresponding quantity. However, if the market price exceeds $150, the firm will not supply any quantity.
Therefore, the first table represents the firm's short-run supply schedule, where the MC is constant at $150.
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The accompanying table was not provided, I am unable to determine the specific table that gives the firm's short-run supply schedule.
The cost data provided, you can identify the table that presents the corresponding quantities of output at different price levels.
In a purely competitive market, a firm's short-run supply schedule is determined by its marginal cost (MC) and average variable cost (AVC). The short-run supply schedule indicates the quantity of output that the firm is willing and able to produce at different price levels. To determine the firm's short-run supply schedule from the provided cost data, we need to identify the quantities of output that correspond to the given prices.
First, we need to identify the AVC at each output level. AVC is calculated by dividing total variable cost (TVC) by the quantity of output. Then, we determine the MC at each output level, which is the additional cost of producing one more unit of output.
By comparing the AVC and MC at each output level, we can identify the quantities of output that correspond to the minimum AVC. These quantities form the firm's short-run supply schedule.
Since the accompanying table was not provided, I am unable to determine the specific table that gives the firm's short-run supply schedule. However, by analyzing the cost data provided, you can identify the table that presents the corresponding quantities of output at different price levels.
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our self-talk consists of words pictures and emotions. as we imprint our affirmations we
Answers
Self-talk is your inner voice or the way you speak to yourself. Although you almost probably are doing it without realizing it, you almost certainly are. In order to produce an internal monologue throughout the day, this inner voice mixes conscious thoughts with ingrained beliefs and biases.
What are the four categories of self-talk?Your inner discourse is known as self-talk.
Personalizing. You own all of the guilt for yourself.
Magnifying.
Catastrophizing.
Polarizing.
What are the five tiers of one's own self-talk?Helm Stetter outlines the "Five Levels of Self-Talk" (Negative Acceptance, Recognition and Need to Change, Decision to Change, The Better You, and Universal Affirmation) and offers advice on how to navigate each level for significant life changes.
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1. A vendor claims that the hardness of metal test blocks has a mean of 62 Rockwell-C and standard deviation of 0.2. The product specifications are (62+0.8) and (62-0.8). A random sample is taken from the incoming blocks where the average and standard deviation for the sample data are respectively 61.8 and 0.3. I a. What is PCR according to vendor's claim ? b. What is PCR according to the incoming sample? C. Does the sample data indicate that vendor supplied honest information?
Answers
The sample data does not provide strong evidence that the vendor supplied dishonest information, but it does suggest that the process may not be as tightly controlled as claimed.
a) The following formula may be used to get the PCR (Process Capability Ratio), the vendor claims:
PCR = (62.8 - 61.2) / (6 x 0.2) = (USL - LSL) / (6 x standard deviation) = 1
b) The PCR may be estimated using the following formula for the entering sample:
PCR = (62.8 - 61.2) / (6 x 0.3) = (USL - LSL) / (6 x sample standard deviation)
c) The fact that the computed PCR for the incoming sample is lower than the PCR predicted by the vendor suggests that the procedure is not adhering to the vendor's standards. To ascertain if the vendor provided truthful information or not, more investigation is necessary. It's likely that the sample didn't accurately reflect the vendor's whole population of metal test blocks, or the difficulty of the blocks may be influenced by additional elements. To get a more certain conclusion, a bigger sample size and further research may be required.
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a ________ is a multinational company that has a global scope and does not consider any particular country as its base, home, or headquarters.
Answers
The correct option is E. A transnational organization is a multinational company that has a global scope and does not consider any particular country as its base, home, or headquarters.
GLOBE is the worldwide legislature Organization for Balanced surroundings, based in 1991. GLOBE's goal is to guide political management on the troubles of climate and electricity safety, land use alternatives, and ecosystems. across the world, GLOBE is targeted on management from G20 leaders and the leaders of the rising economies as well as formal negotiations inside the United countries.
GLOBE believes that legislators have a vital role to play in preserving their personal governments to account for the commitments which are made at some stage in worldwide negotiations. The GLOBE assignment is a global research task aimed at creating, testing, and validating theories retailed to the connection between way of life and societal, organizational, and leadership effectiveness. The GLOBE task changed considerably in indicating how cultures perceive effective and ineffective management, that's beneficial to leaders in facilitating intercultural interactions. The study discovered six global leadership behaviors, which were used within the have a look at to apprehend how the clusters perceived management.
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Complete Question:
A _______ is a multinational company that has a global scope and does not consider any particular country as its base, home, or headquarters.
A.strategic alliance
B.joint venture
C.multidomestic corporation
D.global company
E.transnational organization
Suppose GDP for 2020 was (in millions) $1,500, wages and salaries were $800, rent payments were $200, consumption was $1000, and interest payments were $200. What must the value of profits have been
Answers
GDP for 2020 was (in millions) $1,500,wages and salaries were $800,rent payments were $200,consumption was $1000, and interest payments were $200.
Find the value of profits:We know that:GDP = C + I + G + (X - M)Here, the value of GDP is $1,500Consumption (C) = $1,000Interest payments (I) = $200Therefore, investment (I) = GDP - C - I= $1,500 - $1,000 - $200= $300Further, we know thatNational Income = wages and salaries + rent payments + interest payments + profitsHere.
wages and salaries = $800Rent payments = $200Interest payments = $200National Income = $800 + $200 + $200 + Profits= $1,200 + ProfitsTherefore, Profits = National Income - ($1,200)= $1,500 - $1,200= $300Therefore, the value of profits must have been $300 million.Hence, the required value of profits was $300 million.
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A ground-dwelling plant grows along a chain-link fence
Answers
Answer: Very instresting?
Explanation:
The annandale academy of fine arts states in its brochure that "the academy intends to become the dominant institution in the nation teaching traditional aesthetic values in traditional artistic media targeting both traditional and non-traditional students." this pronouncement is most precisely a statement of organizational
a. mission.
b. values.
c. vision.
d. culture.
Answers
According to the brochure for the Annandale Academy of Fine Arts, "the academy intends to become the dominant institution in the nation teaching traditional aesthetic values in traditional artistic media targeting both traditional and non-traditional students." This declaration is, in fact, a mission statement for the organization.
What is an organizational mission?An organizational mission, also known as a mission statement, is a brief, broad statement about an organization's goals and how those goals will be met.
It frequently discusses the organization's offerings and how it hopes to serve its customers, community, employees, investors, and other stakeholders.
Some mission statements may also include explanations of the values and principles that the organization hopes to adhere to throughout its existence. An organizational mission also helps to guide the actions of a corporation.
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budgeting is an informal plan for future business activities. TRUE/FALSE
Answers
The given statement "budgeting is an informal plan for future business activities" is false because it is a formal and structured process used by businesses to plan and control their financial activities.
Budgeting involves the estimation and allocation of financial resources for specific purposes, typically over a defined period, such as a fiscal year. It helps organizations set goals, make financial decisions, allocate resources, and monitor performance.
A budget outlines the expected income, expenses, and financial objectives of a business, providing a framework for decision-making and financial management. It involves forecasting revenues, estimating costs, and setting targets for various aspects of business operations. Budgeting helps businesses allocate resources efficiently, track progress, and make adjustments as necessary to ensure financial stability and achieve their objectives.
Therefore, the statement that budgeting is an informal plan for future business activities is false. It is a formal and structured process used for financial planning and control.
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Please help. Atleast the top 2
Answers
Answer:
Number 1 is Pure Market. Number two is socialist, I'm pretty sure.
Explanation:
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what organizational problem(s) can occur if abusive leaders are perceived as competent and successful, and are allowed to operate within the management structure
Answers
The abuse may increase in frequency when new bosses adopt the same management style.
How does power determine whether an organization will succeed or fail?It is sought after to have control over and influence the direction of divisions and organizations, the resolution of interpersonal disputes, and one's own security and well-being. The demand for power will be felt and sought after more intensely when there is conflict or instability in an organization.
How can a leader lose influence?In addition to bringing about the destruction of the leader, covering up crimes, bribing public officials, embezzling, breaching promises to staff, or deceiving clients can ruin the organization's image and reputation.
How do leaders sway their subordinates?One definition of leadership is the capacity to persuade. An effective leader inspires followers to take action by appealing to their desire for and conviction in the leader's vision and goals, not by using coercion. Influence that is misused can have disastrous effects.
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What is the average tax rate for a person who paid taxes of \( \$ 4,871,00 \) on a total taxable income of \( \$ 40,450 \) ? (Round your answer to 2 decimal places. Omit the "\%" sign in your response
Answers
The average tax rate for a person who paid taxes of $4,871.00 on a total taxable income of $40,450.00 is 12.05%.
The average tax rate can be calculated by dividing the total taxes paid by the total taxable income, and then multiplying the result by 100 to convert it into a percentage.
In this case, the total taxes paid is $4,871.00 and the total taxable income is $40,450.
To find the average tax rate, we can use the following formula:
Average Tax Rate = (Total Taxes Paid / Total Taxable Income) * 100
Substituting the given values into the formula, we have:
Average Tax Rate = ($4,871.00 / $40,450) * 100
Calculating this, we find:
Average Tax Rate = 0.1205 * 100
Average Tax Rate = 12.05%
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When j. R. Joined his uncle’s oil exploration company in east texas, he was given several hundred shares of stock in the firm, and was officially made a partner. The firm’s accountant explained that this partnership looks much like a corporation and is traded on a stock exchange but is taxed like a partnership and thus avoids the corporate income tax. Income received is not taxed before it is passed on to investors as dividends as it would be if the company were a corporation. This firm is likely a special form of ownership called a?.
Answers
If the income received is not taxed before it is passed on to investors as dividends as it would be if the company were a corporation. This firm is likely a special form of ownership called a: Master limited partnership
What is partnership?Partnership can be defined as the business that involve two or more parties in which the parties involve must share the profit and loss incurred from the business.
On the other hand Master limited partnership can be defined as a form of business that is owned by two or more parties who shared are often trade in the stock market.
Therefore If the income received is not taxed before it is passed on to investors as dividends as it would be if the company were a corporation. This firm is likely a special form of ownership called a: Master limited partnership.
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Answer:limited partnership
Explanation:
Maria is considering various business entity types in order to set up her new business. She wants to know which entities are subject to double taxation. You tell her that the entities subject to double taxation are:
Answers
Answer:
1. Corporations
2. Limited liability companies that are elected to be treated as corporations
Explanation:
Double taxation is when tax has to be paid two times on on the same particular source of income. A corporation pays tax at 2 levels. That is at the personal level and sat the business level. From dividends, taxes are paid by shareholders, corporations pay taxes on what they also warn annually.
Entities subject to double taxation includes, corporations and the limited liability companies treated as corporations.
Which of the following are examples of external databases in the data warehouse model?
accounting data mart
competitor and industry data, mailing lists, and stock market analyses
marketing, sales, inventory, and billing
marketing data, sales data, and stock market analyses
What is a logical data structure that details the relationship among data elements using graphics or pictures?
data mining tool
data model
data element
data mart tool
What is the ability for a blockchain ledger to remain a permanent, indelible, and unalterable history of transactions?
proof-of-stake
hash
genesis block
immutability
Which of the following is true in regard to the elimination of redundant data?
makes performing data updates harder
improves data quality
uses additional hard disk space
All of the answer choices are correct.
What is the primary problem with redundant data?
All of the answer choices are correct.
it is difficult to determine which values are the most current.
it is difficult to determine which values are the most accurate.
it is often inconsistent.
In a block in a blockchain, what represents the hash of the previous block?
previous hash
hash
proof-of-stake
data
What encompasses all organizational data and its primary purpose is to support the performing of managerial analysis tasks?
transactional data
timeliness
quality
analytical data
What are the primary differences between a data warehouse and a data mart?
Data warehouses make quick decisions; data marts make slow decisions.
Data warehouses tackle ethical issues; data marts tackle hypothetical issues.
Data warehouses have a more organization-wide focus; data marts have a functional focus.
Data warehouses have a physical focus; data marts have a logical focus.
Answers
warehouse model, external databases refer databases that not directly under the control of the organization but are accessed and integrated into the data warehouse for analysis and reporting purposes.
Some examples of external databases in the data warehouse model include: Market research databases: These databases contain valuable information about market trends, consumer behavior, and competitor analysis. Integrating market research databases into the data warehouse allows organizations to gain insights and make informed business decisions based on external market data. Government databases: Government agencies often maintain databases with information relevant to specific industries or sectors. These databases may include demographic data, economic indicators, regulatory information, or Supplier or partner databases: Organizations may have relationships with external suppliers or partners who maintain databases containing information such as product catalogs, pricing data, or inventory levels. Integrating these track online campaigns, and gain insights into digital marketing efforts. It is important to note that external databases need to be properly integrated and transformed to ensure data consistency and reliability within the data warehouse model.
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an apartment building must have a resident property manager if the building has
Answers
An apartment building must have a resident property manager if the building requires on-site management for tasks such as property maintenance, tenant relations, and compliance with regulations.
An apartment building must have a resident property manager if the building has specific requirements or regulations that necessitate on-site management, such as maintaining the property, addressing tenant concerns, coordinating repairs and maintenance, ensuring compliance with local laws and regulations, and handling day-to-day operations.
Having a resident property manager offers several benefits for both the property owner and the tenants. The property manager can handle tenant screening and selection, lease agreements, rent collection, and tenant relations, ensuring a smooth and efficient rental process.
They can also address maintenance issues promptly, ensuring that the building is well-maintained and tenants' needs are met.
Additionally, a resident property manager can act as a point of contact for emergencies, security concerns, and general inquiries, providing a sense of security and convenience for the residents. They can also enforce property rules and regulations, handle disputes or conflicts among tenants, and maintain a safe and comfortable living environment.
Having a resident property manager is especially crucial for larger apartment buildings or complexes with a significant number of units. The scale and complexity of managing such properties require an on-site manager who can oversee the various tasks and responsibilities involved.
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A firm has outstanding debt with a coupon rate of 7% (the coupon is paid on an annual basis), seven years to maturity, and a price of $1000. The face value of the bond is $1000. What is the after-tax cost of debt if the marginal tax rate of the firm is 30%? A. 4.9% B. 5.2% C. 5.5% D. 5.9%
Answers
The after-tax cost of debt if the marginal tax rate of the firm is 30% is - A. 4.9% .
How to find?To calculate the after-tax cost of debt, we need to adjust the coupon rate by the marginal tax rate. First, we calculate the annual interest payment, which is $70 (7% of $1000).
Then, we multiply that by the marginal tax rate of 30%, giving us $21 in tax savings. This means the after-tax cost of debt is $49 ($70 - $21), which is 4.9% of the face value of the bond.
It is important to consider the after-tax cost of debt when making financial decisions, as it reflects the true cost of borrowing after factoring in tax benefits.
Therefore, the correct answer is A.
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Which is a feature of a certificate of deposit (CD)?
Answers
The feature of a certificate of deposit (CD) is that money can be fixed for some period of time.
What is certificate of deposit ?A certificate of deposit (CD) can be described as the savings account which is hep to hold fixed amount of money so that it can be saved for some period of time.
It should be noted that this period could be six months, one year, or five years, and in exchange, the issuing bank pays interest.
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Create a comic strip, poster, or other visual art presentation that illustrates the forces of supply and demand, just as the dance routine in Supply and Dance, Man illustrated it using
the example of selling canes. Invent a fictitious business and illustrate how the business's successes shift supply and demand. Identify the supply and demand factors at play.
Answers
Answer:
demand is equal to 1000 and factors is equal to 5000
What steps can Janet take to avoid falling prey to
deceptive advertising? (select all that apply.)
Answers
The steps that Janet can take to avoid falling prey to deceptive advertising are the following:
Do her researchKnow what she wantsTrust her judgementHowever, if Janet has already fallen prey to deceptive or false advertising, which is illegal, she can file a lawsuit against the company.The lawsuit aims to recover damages from the company for misleading her into making a purchase or payment for goods or services whose advertising was deceptive.It is generally unethical for a company to mouth a deceptive advertising.Thus, Janet may not only trust online resources or purchase products from one retailer, she should carry out proper research based on what she wants before trusting her judgement.
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Where do banks get the majority of the money they lend?.
Answers
Answer:
Banks collect savings from households and businesses (savers) and use these funds to make loans to those who want to borrow (borrowers).
Banks assemble savings from individuals and companies (savers) and utilize these resources to provide loans to borrowers.
Financial institutions known as banks offer a variety of services pertaining to lending, managing finances, and conducting financial transactions. By enabling the movement of money and providing a range of financial goods and services, they contribute significantly to the economy resources . Banks perform the following important tasks and offer the following services:
Deposits: Banks welcome contributions from private citizens, companies, and other nonprofits. These deposits might be in the form of savings accounts, checking accounts, certificates of deposit (CDs), and other kinds of accounts. Government-backed schemes that guarantee deposits often exist to safeguard the money of clients.
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5 role of development banks in economic development
Answers
The banking system plays an important role in the modern economic world. Banks collect the savings of the individuals and lend them out to business- people and manufacturers. ... Thus, the banks play an important role in the creation of new capital (or capital formation) in a country and thus help the growth process.
Victor signs an arbitration agreement providing that he will arbitrate any disputes with his employer, Business Corp. Victor believes that Business Corp. has discriminated against him in violation of the Americans with Disabilities Act. The EEOC also investigated the situation and brought an action against Business Corp. alleging that Business Corp. discriminated against Victor in violation of the Americans with Disabilities Act. What is the effect of the arbitration clause in regards to the action brought by the EEOC?
Answers
Answer:
The arbitration clause signed by Victor and Business Corp. is binding to them only. That means that they must resolve their disputes using an arbitrator. But that clause has no effect on the Equal Employment Opportunity Commission (EEOC) and any of the actions that it decides to take against Business Corp. Government entities are not affected by arbitration clauses, since breaking the law cannot be made solved by an arbitrator.
Wendy's International, Inc., and McDonald's Corporation, two leading fast-food chains, are classified in SIC code 5812-Eating Places. Recent results for each company, along with industry averages, follow. Return on assets Return on common stockholders'equity Net income as a percentage of sales Debt-to-equity ratio Wendy's 7.7 % 11.9 % 7.4 % 0.67 McDonald's 9.9% 17.7 % 12.7 % 0.98 Industry Average 6.4 % 14.0 % 2.9% 1.04 How do Wendy's and McDonald's compare to the industry averages? Based on your analysis, would you consider these two companies to be industry leaders? Why or why not? LINK TO TEXT LINK TO TEXT LINK TO VIDEO LINK TO VIDEO The industry data reported here represent Dun and Bradstreet's industry median. Dun and Bradstreet also reports industry norms for the upper quartile (top 25%) of companies in the industry. In the top quartile, return on assets was 15.1%, return on common stockholders' equity was 34.7%, and net income as a percentage of sales was 6.1%. Do you think it would be more useful to compare Wendy's and McDonald's to these upper-quartile industry averages rather than to the median averages? Why or why not? LINK TO TEXT LINK TO TEXT LINK TO VIDEO LINK TO VIDEO Dun and Bradstreet also provides industry data based on companies' total assets. In the industry's largest reporting companies, the median return on assets was 5.1%, the median return on common stockholders' equity was 9.7%, the median net income as a percentage was sales of 3.6%, and the median debt-to-equity ratio was 0.93. The upper quartile values were 8.4%, 16.4%, 5.2%, and 0.65, respectively. Given that Wendy's and McDonald's are among the largest companies in this industry group, does this data change your answers to questions c and d? Why or why not?
Answers
Both Wendy and McDonald have higher return on assets, return on common stockholders' equity and net income than industry average and lower debt-to equity ratio than industry average. Hence, based on the analysis, both are considered industry leaders due to their strong performance across financial metrics.
When comparing them to the upper quartile industry averages their performance may not seem as exceptional.
As Wendy's and McDonald's are among the largest companies in the industry group, it might be more appropriate to compare them to the median and upper quartile values for the largest reporting companies.
When comparing Wendy's International, Inc. and McDonald's Corporation to the industry averages, we can see the following:
1. Return on Assets: Wendy's has a 7.7% return on assets, while McDonald's has a 9.9% return. Both are higher than the industry average of 6.4%, making them leaders in this aspect.
2. Return on Common Stockholders' Equity: Wendy's has an 11.9% return, and McDonald's has a 17.7% return. Both are higher than the industry average of 14.0%, showing their strong performance in this area.
3. Net Income as a Percentage of Sales: Wendy's has a 7.4% ratio, and McDonald's has a 12.7% ratio. Both are significantly higher than the industry average of 2.9%, indicating strong profitability.
4. Debt-to-Equity Ratio: Wendy's has a ratio of 0.67, and McDonald's has a ratio of 0.98. Wendy's is lower than the industry average of 1.04, while McDonald's is slightly below average, showing that both companies have relatively balanced debt management.
Based on this analysis, both Wendy's and McDonald's can be considered industry leaders due to their strong performance across various financial metrics. However, when comparing them to the upper quartile industry averages (15.1% return on assets, 34.7% return on common stockholders' equity, and 6.1% net income as a percentage of sales), their performance may not seem as exceptional.
Considering that Wendy's and McDonald's are among the largest companies in the industry group, it might be more appropriate to compare them to the median and upper quartile values for the largest reporting companies. When compared to these values, Wendy's and McDonald's still demonstrate strong performance in most areas, particularly in net income as a percentage of sales. However, their return on assets and return on common stockholders' equity may not be as exceptional when compared to the upper quartile values for the largest companies.
In conclusion, while Wendy's and McDonald's are industry leaders based on the median industry averages, their performance may not be as exceptional when compared to the upper quartile values and the values for the largest reporting companies in the industry group. Nevertheless, their overall strong performance across various financial metrics indicates their leadership position within the industry.
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