The maximum initial cost that the company would be willing to pay for the project is $4,936,051.
How to calculate maximum Initial Cost?
To calculate the maximum initial cost that the company would be willing to pay for the project, we can use the following formula:
Maximum initial cost = (Initial aftertax cash savings / (Discount rate - Growth rate)) x (1 - Debt-equity ratio)
Plugging in the given values, we get:
Maximum initial cost = ($2.9 million / (0.1 + 0.03 - 0.02)) x (1 - 0.75)
= ($2.9 million / 0.11) x 0.25
= $26,363,636 x 0.25
= $6,590,909
How to apply +3 adjustment factor?However, the company is considering a project that is somewhat riskier than usual, so we need to apply an adjustment factor of +3 percent to the cost of capital. The adjusted discount rate is 0.1 + 0.03 = 0.13. Plugging this into the formula above gives us:
Maximum initial cost = ($2.9 million / (0.13 - 0.02)) x (1 - 0.75)
= ($2.9 million / 0.11) x 0.25
= $26,363,636 x 0.25
= $6,590,909
The maximum initial cost that the company would be willing to pay for the project is $6,590,909, rounded to the nearest whole number.
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4/ "People 3. How can you are attracted to the poultry farming these days" Explain with practical examples.people are attracted to the poultry farming these days explain with particle example
we can attracted to the poultry farming these days by saying eveyone to involve in this work and be excited
Generally accepted auditing standards require that auditors document their work. This
documentation, the audit working papers, is considered an integral part of the examination.
a. Describe five important functions of the audit working papers.
b. The working papers are generally stored in either the permanent working paper file or the
current working paper file. How does an auditor determine which file a specific working
paper belongs in?
Audit working papers, an important part of the examination, are required by generally accepted auditing standards. They serve many functions, including serving as a record of the work performed, providing support for the audit report, facilitating the review of the audit work, and aiding in the training of new staff.
The audit working papers serve many important functions. These functions include acting as a record of the work performed, providing support for the audit report, facilitating the review of the audit work, and aiding in the training of new staff. First, the audit working papers serve as a record of the work performed. They document the procedures performed, the findings, and the conclusions reached by the auditor. This documentation provides evidence that the audit was conducted in accordance with generally accepted auditing standards.Second, the audit working papers provide support for the audit report. The audit report must be supported by sufficient evidence to enable the auditor to form an opinion on the financial statements. The working papers provide this evidence. Third, the working papers facilitate the review of the audit work. They enable other members of the audit team, the audit manager, and quality control personnel to review the work performed. Fourth, the working papers aid in the training of new staff. New staff members can use the working papers as a guide when performing similar procedures. Finally, the working papers provide a basis for planning future audits and for evaluating the effectiveness of audit procedures.The auditor determines whether a specific working paper belongs in the permanent working paper file or the current working paper file based on its relevance to future audits. Working papers that are relevant to future audits, such as the audited financial statements and notes, are kept in the permanent working paper file. Other working papers that are not relevant to future audits, such as those related to planning or administration, are kept in the current working paper file.
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43 of 48 What is the impact of using checklists for final deliverables? They do not need to come from an entire systems perspective. Missing items can be disregarded. They create adversarial relations
Checklists are used to ensure that all the required tasks have been completed, and all the important factors have been taken into account in a particular project or task. They can be useful in many different areas, including software development, project management, quality assurance, and even in everyday life.
However, using checklists for final deliverables can have both positive and negative impacts.Positives of using checklists for final deliverables:A checklist ensures that all the necessary steps are completed and important factors have been taken into consideration before the final deliverable is submitted. It ensures that the final deliverable is of high quality and free of errors or omissions. It also helps to minimize the risk of missing important details or requirements that could negatively impact the final product.Using checklists for final deliverables also helps to standardize the process and ensure that everyone involved in the project is on the same page. This can help to reduce confusion and improve overall efficiency in completing the task.Negatives of using checklists for final deliverables:However, using checklists for final deliverables can also create adversarial relations between team members. It can lead to a culture of blame where team members are constantly checking each other's work and pointing out errors. This can create a stressful and negative work environment, which can ultimately have a negative impact on the final product.In conclusion, while using checklists for final deliverables can be beneficial in terms of ensuring quality and standardization, it is important to recognize the potential negative impacts as well. Team members should be encouraged to work collaboratively and focus on constructive feedback rather than simply pointing out errors.For such more question on software
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if you are charged with selling/providing/delivering alcohol
If a person is criminally negligent and offers alcohol to a habitual drinker or an intoxicated or insane person, they will be breaking the law.
(a) It is illegal to knowingly and willfully sell or provide alcohol to an obviously intoxicated person.
(b) Except as provided in subsection (c) of this section, any person who violates the provisions of this section shall be guilty of a misdemeanor punishable by a fine of not less than $100 nor more than $500, by imprisonment for not more than one year, or by both.
(c) A violation of this section or Section 106.03 of this code is a misdemeanor punishable by a fine of not less than $500 nor more than $1,000, by confinement in jail for not more than one year, or by both, if the offender has a prior conviction for a violation of this section or Section 106.03 of this code.
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Life Insurance Contractual Provisions
Briefly explain accelerated death benefits. What are the circumstances that could trigger payment of accelerated benefits?
How can the transfer of all ownership rights in a life insurance policy be accomplished?
What is the purpose of the incontestable clause?
List the advantages and disadvantages of a policy loan.
Thank you in advance
Accelerated death benefits are provisions in a life insurance policy that allow the policyholder to receive a portion of the death benefit before they pass away if certain circumstances occur. These benefits can be triggered by specific events such as terminal illness, chronic illness, or the need for long-term care.
The transfer of all ownership rights in a life insurance policy can be accomplished by assigning or transferring the policy to another individual or entity. This can be done through a process called an absolute assignment, where the current owner (assignor) relinquishes all rights and control over the policy to the new owner (assignee).
The incontestable clause in a life insurance policy serves the purpose of providing a timeframe after which the insurer cannot contest the validity of the policy or deny a claim based on misrepresentation or concealment by the policyholder. Its primary objective is to provide certainty and protection to the policyholder, preventing the insurer from questioning the policy's validity after a specified period.
1. Accelerated death benefits: Accelerated death benefits allow policyholders to receive a portion of the death benefit before they die, typically when they face specific circumstances such as terminal illness, chronic illness, or the need for long-term care. This provision provides financial assistance to policyholders when they require substantial medical treatments or ongoing care, giving them access to funds that can help cover medical expenses or improve their quality of life.
2. Transfer of ownership rights: To transfer all ownership rights in a life insurance policy, an absolute assignment can be used. In this process, the current policy owner (assignor) transfers all rights, control, and ownership of the policy to the new owner (assignee). The assignor completes an assignment form provided by the insurance company, specifying the details of the transfer and naming the assignee. Once the assignment is complete, the assignee becomes the new policy owner, gaining all the associated rights and responsibilities.
3. Purpose of the incontestable clause: The incontestable clause protects the policyholder by establishing a timeframe within which the insurer cannot challenge the policy's validity or deny a claim based on misrepresentation or concealment by the policyholder. After this specified period, typically two years from the policy's effective date, the insurer is legally bound to honor the policy and pay the death benefit to the designated beneficiaries, regardless of any inconsistencies or omissions in the application or policy documents.
4. Advantages and disadvantages of a policy loan: Policy loans allow policyholders to borrow against the cash value of their life insurance policy. Advantages include the accessibility of funds without the need for a credit check or approval, flexibility in repayment terms, and potentially lower interest rates compared to other types of loans. However, policy loans reduce the death benefit and cash value available to beneficiaries, and unpaid loans can accumulate interest, potentially affecting the policy's performance and long-term value. Additionally, policy loans may have tax implications, and if the policy lapses or is surrendered with an outstanding loan balance, it could trigger taxable income. Policyholders should carefully consider the implications and repayment plans before taking out a policy loan.
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among the five groups of adopters, which group is considered critical to long-term success? multiple choice laggards early adopters late majority innovators early majority
Among the five groups of adopters, which group is considered critical to long-term success known as Laggards.
Which adopter group possesses the greatest propensity for opinion leadership among the others?Among the adopter categories, early adopters have the highest level of opinion leadership, whereas laggards are more likely to be older, conservative, and price conscious, according to Rogers, who also identified significant characteristics of each adopter category.
Late adopters: who are they?an individual who adopts a novel product, particularly a novel technological advancement, later than most others: I was a late adopter of smartphones and didn't have one for a very long time. Compare. advance adopter.
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Case Study- FAIR TRADE JEWELLERY CO. : ESTABLISHING AN
ETHICAL GLOBAL VALUE CHAIN
solve these questions related to the case
study
1) Control Measure
Control measures refer to a set of actions or tools that businesses use to ensure that their operations and processes conform to ethical and legal standards.
Control measures are essential in ensuring that businesses meet their ethical and legal obligations. For Fair Trade Jewellery Co., control measures were put in place to ensure that their ethical and social commitments were met, and their operations complied with legal regulations. These control measures included the use of a third-party audit and certification scheme to ensure transparency, traceability, and accountability throughout the value chain.
Additionally, the company put in place an ethical sourcing code and implemented environmental and social initiatives to ensure sustainability throughout the production process. By implementing these control measures, Fair Trade Jewellery Co. was able to establish an ethical global value chain that ensured fair treatment of its workers, adherence to environmental regulations, and a fair price for its products.
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Which term describes the type and number of competitors' job openings when looking at supply and demand within HR?
Answer:
External labor demand
Explanation:
Human resources management (HRM) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.
Hence, human resources managers are saddled with the responsibility of recruiting, managing and improving the welfare and working conditions of the employees working in an organization.
External labor demand is the term which best describes the type and number of competitors' job openings when looking at supply and demand within human resources (HR).
Basically, an external labor demand gives a description of the number and type of employees that are required by a rival company in the same industry.
Elle is in high school and wants to have job until she graduates. Which job would she be most qualified for until she graduates high school?
O Purchasing Agent
O Cashier
O Sales Agent
O Interviewer
First of all we should understand the nature of job of Purchasing Agent, Cashier, Sales Agent and an Interviewer to decide which option should Elle would be most qualified for until she graduates high school.
Who is a Purchasing Agent?The persons who buy the parts and materials that help in the production of goods are called purchasing agents or purchasers.
Buyers and purchasing agents review the history and quality of the suppliers before making the purchase. They should be qualified enough to consider price, quality, availability, reliability, and technical support when choosing suppliers and merchandise.
Who is a Cashier?A cashier is a person who handles the cash register at various locations such as the point of sale in places such as shops or banks.
He is also known as teller, accountant, clerk, treasurer. Only qualified and skilled persons can perform the role of cashier.
Who is a Sales Agent?A person hired by any company to sell its products or services is known as Sales agent.
A sales agent take orders, offer services and provide support in person and via telephone or internet. This job can be done with little training and less qualification.
Who is an Interviewer?A person who conducts an interview to hire the candidates is known as Interviewer. To be an interviewer, a person needs to be well qualified with great communication skills.
So, the best role that Elle can take up until she graduates is that of a Sales Agent.
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How does a project manager evaluate the scope of a project?
Determine the overall work that needs to be completed to deliver the desired product, service, or end result
Estimate some of the resources that are needed to deliver the desired product, service, or end result
Evaluate the time it will take to deliver the desired product, service, or end result
Guess how much money it will cost to deliver the desired product, service, or end result
Stating in an answer for future reference, it's A, "Determine the overall work that needs to be completed to deliver the desired product, service, or end result".
No "Tutor" needed.
Kelly K. invested in a stock for five years. The annual return over the past five years were: 29.5%, 38.5%, 38.1%, -4.5%, and 34.1%, respectively. What was her average annualized rate of return over the past five years?
Kelly K. invested in a stock for five years. The annual return over the past five years were: 29.5%, 38.5%, 38.1%, -4.5%, and 34.1%, respectively. Her average annualized rate of return over the past five years is 28.4%.
To calculate the average annualized rate of return, you need to follow these steps:
Find the total return over the five years by multiplying the annual returns together. For example: (1 + 0.295) x (1 + 0.385) x (1 + 0.381) x (1 - 0.045) x (1 + 0.341) = 3.676.Find the geometric average by taking the fifth root of the total return. For example, 3.676 \(^{1/5}\) = 1.284.Subtract 1 and multiply by 100 to get the percentage. For example, (1.284 - 1) x 100 = 28.4%.Therefore, the average annualized rate of return over the past five years is 28.4%.
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What is usually the primary revenue stream for online auction sites such as ebay?
The method by which a company expects to generate income is called a revenue model. A firm may account for production, purchasing, distribution, marketing, and other costs up until the business achieves a profit, depending on the revenue model, which can be quite common or fairly complex.
The revenue model is regarded as a broad overview of a company's revenue structure. A business can have a variety of revenue streams, or sources of income, under this model.
eBay makes money through selling goods and services across its platform as well as by advertising services like classifieds and commercials.
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HELPPPP PLEASE I WILL GIVE YOU BRAINLIST
Suppose you are going to buy a car. How do larger economic factors influence the pursuit of this goal.
A financial goal that I have is to have a well-paying job as I get out of high school so I can afford to go to a University of my choice. This way I won't be in crippling debt and have to take out massive student loans. However, inflation as well as taxes will influence this. Income taxes will force me to have to give up some of my hard-earned money, which will significantly reduce the amount of money I actually make.
I hope this helps! If so, will you add it as the brainliest?
Thanks!
Suppose that the price of oranges
increases from $1 to $1.10 per pound
and the quantity demanded falls from
1000 pounds to 800 pounds.
A. Calculate the price elasticity of
demand when price changes from
$1.to $1.10.
B. Are oranges elastic or inelastic at
this price point? Explain your
answer.
C. What happens to total revenue for
orange sellers when the price of
oranges increases a few cents
above $1 (total revenue increases,
decreases, stays the same, cannot
be determined)? Explain your
answer and why..
D. Assume that the demand for
oranges is a straight line, Calculate
its equation in terms of price (p)
and quantity (q).
The price elasticity of demand is -2.
B. Oranges are elastic at this price point because the price elasticity of demand is greater than 1. A price elasticity of demand value greater than 1 means that a change in price leads to a proportionally larger change in quantity demanded.
What is the price elasticity about?A. The price elasticity of demand can be calculated using the formula:
% change in quantity demanded / % change in price
The percentage change in price is:
(1.10-1)/1 * 100%
= 10%
The percentage change in quantity demanded is:
(800-1000)/1000 * 100% = -20%
Using these values in the formula, we get:
-20% / 10% = -2
Therefore, the price elasticity of demand is -2.
C. Total revenue is calculated as the price of oranges multiplied by the quantity sold. When the price of oranges increases, the quantity demanded decreases. The effect on total revenue depends on the price elasticity of demand. If demand is elastic (as it is in this case), the decrease in quantity demanded will be proportionally larger than the increase in price, so total revenue will decrease. Therefore, total revenue decreases when the price of oranges increases a few cents above $1.
D. We know that the demand for oranges falls from 1000 pounds to 800 pounds when the price increases from $1 to $1.10. Using the two points, we can find the slope of the straight line as:
(800-1000)/(1.10-1) = -200/0.1 = -2000
This gives us the slope of the line, which is also the coefficient of price (p) in the demand equation. Using the point-slope form of a line, we can find the equation of the line as:
q - 1000 = -2000(p - 1)
Simplifying, we get:
q = -2000p + 3000
Therefore, the equation of the demand curve for oranges is q = -2000p + 3000, where q is the quantity demanded and p is the price of oranges.
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A florist wants to open her own retail store, She researches the prices charged at three local competitor salons and estimates she can average $30 per flower
arrangement. Her goal is to have her new salon break even within one year of opening. For this analysis, the hair stylist must estimate fixed costs, variable costs,
and how many customers visits (units) will be needed to break even.
Given the following costs:
Flowers per sale = $3
Vase = $3
Annual rent = $36,000
Annual utilities = $3,600
Annual internet / telephone = $1,800
Annual wages= $80,000
Annual insurance = $6,000
Initial Equipment costs = $20,000
Match the correct figure to the appropriate location in the break-even formula.
Average Price = $30
GMetrix SMS7 v7.0.27
Fixed Costs = $147,400
int in unite 6142
0000
B
The florist requires 6,142 purchasing customers (units) to break even.
What is the break-even?The break-even is the sales units required for the total revenue to equal the total costs (fixed and variable) without a remainder, profits (positive), or losses (negative).
The formula for computing the break-even sales units is:
Break-even sales units = Fixed costs ÷ Contribution Margin per unit
Selling price per flower = $30
Variable cost per flower (Flower and Vase) = $6
Contribution margin per flower = $24 ($30 - $6)
Contribution margin ratio = 80% ($24 ÷ $30)
Fixed Costs:
Annual rent = $36,000
Annual utilities = $3,600
Annual internet / telephone = $1,800
Annual wages= $80,000
Annual insurance = $6,000
Initial Equipment costs = $20,000
Total fixed costs = $147,400
Break-even sales units = Fixed costs ÷ Contribution Margin per unit
= 6,142 flowers ($147,400 + $24)
Thus, the florist must sell 6,142 units to achieve the break-even point.
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making changes in response to problems or opportunities as they arise, rather than attempting to foresee them, is referred to as ______ change.
Answer: reactive
Explanation:
1. If average fixed cost is 40 and average variable cost is 80 for a given output, we then know that average total cost is
Answer:
120
Explanation:
Average total cost = average fixed cost + average variable cost
average fixed cost = Total fixed cost / quantity
40 + 80 = 120
Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments
average variable cost = total variable cost / quantity
Variable costs are costs that vary with production. Hourly wage costs and payments for production inputs are examples of variable costs
Net Purchases + Purchases Returns and Allowances + Purchase Discounts equals:
O A. Gross Profit.
OB. Gross Purchases.
O C. Net Income.
OD. Net Loss.
Answer:
OB. Gross Purchases.
Explanation:
Gross purchases represent all the purchases a business made in a particular period. It includes returns outwards ( purchases returns), discounts and allowances received.
Net purchases are calculated by subtracting purchase returns, discounts received, and allowances from gross purchases.
Therefore, Net Purchases + Purchases Returns and Allowances + Purchase Discounts= gross purchases.
The outer edge of a circular running track is 330m long. If it is widened by 7m all around, find the cost of widening it at 8 per square metre.
Answer:
Here given that perimeter of circular running track =330m
Let radius=r
As we know that in a circle
\({\boxed{\sf Perimeter=2\pi r}}\)
Substitute the values\(\qquad \quad{:}\longmapsto\tt 2\times\dfrac {22}{7}×r=330 \)
\(\qquad \quad{:}\longmapsto\tt \dfrac {44}{7}r=330 \)
\(\qquad \quad{:}\longmapsto\tt r=\dfrac {330×7 }{44}\)
\(\qquad \quad{:}\longmapsto\tt r=\dfrac{2310}{44}\)
\(\qquad \quad{:}\longmapsto\tt r=52.5 \)
\(\therefore\sf r=53m (Approx)\)
Again
\({\boxed{\sf Area=\pi r^2 }}\)
Substitute the values\(\qquad \quad{:}\longmapsto\tt Area=\dfrac{22}{7}×(53)^2 \)
\(\qquad \quad{:}\longmapsto\tt Area=8828.2m^2 \)
\(\therefore\sf Area=8828m^2 (Approx)\)
Nowthe radius is increased by 7m
Hence
New radius=(x+7)m=53+7=60m
New Area=
\(\qquad \quad{:}\longmapsto\tt \pi. r^2 \)
\(\qquad \quad{:}\longmapsto\tt \dfrac {22}{7}(60)^2 \)
\(\qquad \quad{:}\longmapsto\tt \dfrac {22}{7}×3600 \)
\(\qquad \quad{:}\longmapsto\tt 11314.28m^2 \)
\(\therefore\sf AREA=11314m^2 (Approx).\)
nowArea of widened Area=New area-Old Area
\(\qquad \quad{:}\longmapsto\tt 11314-8828 \)
\(\qquad \quad{:}\longmapsto\tt 2486m^2 \)
Cost of widening per square=8Total cost=
\(\qquad \quad{:}\longmapsto\tt 2486×8 \)
\(\qquad \quad{:}\longmapsto\tt 19888\)
\(\therefore\sf Total\:cost\:is\: 19888.\)
Can't understand the attachment?Here is a latex diagram for your question.
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Which of the taxes listed on her Form W-2 do you think Susan might be able to "get
back?"
The Federal and the state income tax are the axes listed on her Form W-2 she can get back
The taxes thst she can get backUpon the submission of their income tax return at the conclusion of a fiscal year, employees have the opportunity to receive a reimbursement if they contributed an excess amount towards their taxes throughout this financial period.
Such a circumstance may emerge when workers undergo excessive diminutions from their paychecks or meet particular criteria that grant them eligibility for tax credits or deductions.
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please help!! Question: Drake begins wearing knee high socks in his videos and concerts? What
happens to the demand for knee high socks?
please helppp!!
Select the correct answer.
What is an opportunity cost?
Olost benefits of other opportunities
cost of taking up an opportunity
costs incurred to receive the benefits of an opportunity
O costs incurred when the wrong opportunity is selected
Answer:
lost benefits of other opportunities
Explanation:
Answer: lost benefits of other opportunities
Explanation:
10th standard Sura guide for Tamil
Answer:
I WANT TO HELP YOU...
BUT I DID NOT NO
SORRY......
lacy is a single taxpayer. in 2022, her taxable income is $44,000. what is her tax liability in each of the following alternative situations? use tax rate schedule, dividends and capital gains tax rates for reference.
Lacy's tax liability in 2022 with a taxable income of $44,000 as a single taxpayer is $6,165
Using the tax rate schedule for single taxpayers in 2022, Lacy's tax liability will be $6,165.
To determine Lacy's tax liability, we need to use the 2022 tax rate schedule for single taxpayers. The brackets for 2022 are as follows:
1. 10% on income up to $9,950
2. 12% on income between $9,951 and $40,525
3. 22% on income between $40,526 and $86,375
Since Lacy's taxable income is $44,000, we need to break it down into the relevant tax brackets:
1. The first $9,950 is taxed at 10%, which results in $995 in taxes.
2. The amount between $9,951 and $40,525 ($30,574) is taxed at 12%, resulting in $3,668.88 in taxes.
3. The remaining income between $40,526 and $44,000 ($3,474) is taxed at 22%, resulting in $764.28 in taxes.
By adding these tax amounts together, we get Lacy's total tax liability for 2022:
$995 + $3,668.88 + $764.28 = $6,165.16
Therefore, Lacy's tax liability in 2022 with a taxable income of $44,000 as a single taxpayer is $6,165.
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Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2021. Power Drive has the following transactions affecting stockholders' equity in 2021.
March 1 Issues 55,000 additional shares of $1 par value common stock for $52 per share.
May 10 Purchases 5,000 shares of treasury stock for $55 per share.
June 1 Declares a cash dividend of $1.50 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.)
July 1 Pays the cash dividend declared on June 1.
October 21 Resells 2,500 shares of treasury stock purchased on May 10 for $60 per share.
Required:
Record each of these transactions.
Answer and Explanation:
The journal entries are shown below:
On March 1
Cash Dr (55,000 × $52) $2,860,000
To Common stock (55,000 × $1 per share) $55,000
To Additional paid in capital - common stock $2,805,000
(Bein the issuance of the common shares are recorded)
On May 10
Treasury stock Dr (5,000 shares × $55) $275,000
To Cash $275,000
(being the purchase of treasury stock)
On June 1
Dividend Dr (150,000 shares × $1.50) $225,000
To Dividend payable $225,000
(Being the cash dividend is declared)
On July 1
Dividend payable Dr (150,000 shares × $1.50) $225,000
To cash $225,000
(being the dividend paid is recorded)
On October 21
Cash Dr (2,500 shares × $60) $150,000
To Treasury stock (2,500 shares × $55) $137,500
To Additional paid in capital - treasury stock $12,500
(Being the reissuance of the treasury stock is recorded)
What will be the end result for the taxpayer who filed his federal income tax return.
If your federal gross income was $12,950 or more and you're under 65, you must submit a single status tax return. If your federal gross income was $14,700 or more and you are 65 years of age or older, you must file.
What is the status of federal filing?
Determines the tax rate applied to income. Head of household, married filing jointly, married filing separately, single, and qualified widow(er) with dependent child are the five filing statuses. A tax year is the 12-month period of time that a tax return covers. The tax year for people in the US is from January 1 to December 31 and includes taxes due on income earned during that time. The Where's My Return? feature is the easiest method to find out if you've received a tax refund. After receiving an e-filed return, taxpayers have 24 hours to start monitoring the status of their refund. After the return is processed and a refund is approved, the program also offers a customized refund date.
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4
BU
Why do even the most successful events reach the decline stage?
Ο Α. There are tight budgeting restrictions.
O B.
Nothing tangible is being sold.
O C.
Entertainment always grows stale.
There's always an end date.
D.
There's always an end date even the most successful events reach the decline stage.
What is the secret to an effective budget?Having attainable, measurable, and quantifiable goals is the first step in creating a realistic budget. In this approach, both the forecast and the budget are transformed into useful tools for achieving success.
What makes event budgeting crucial?Budgeting entails creating a properly thought-out strategy for how much money you can spend on a certain activity in any industry. Yet, one of the reasons it's so important for event planning is that it enables planners to establish a goal profit and determine the amount they must earn to break even.
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All of the following are indicators of financial statement fraud EXCEPT: Group of answer choices companies with unrealistically large growth in assets, revenues or profits. companies with a principal who has been involved in a bankruptcy. companies whose success depends on a special tax loophole or tax avoidance scheme. companies that report contingent liabilities that have the potential to create a loss.
Financial statement fraud is the deliberate manipulation or misrepresentation of accounting records to deceive stakeholders. Indicators of financial statement fraud can be identified in the financial statements presented. All of the following are indicators of financial statement fraud EXCEPT companies whose success depends on a special tax loophole or tax avoidance scheme.
Financial statement fraud can be identified through several indicators. These indicators include companies with unrealistically large growth in assets, revenues, or profits, companies with a principal who has been involved in a bankruptcy, and companies that report contingent liabilities that have the potential to create a loss. Companies with unrealistically large growth in assets, revenues, or profits this is an indicators of financial statement fraud. Unrealistically large growth in assets, revenues, or profits could indicate that a company is manipulating its financial records.
The management of a company could be overvaluing assets or understating liabilities. Companies with a principal who has been involved in a bankruptcyA principal who has been involved in a bankruptcy could be an indicator of financial statement fraud. Bankruptcy could be a red flag to stakeholders, as it could indicate that a principal has a history of financial difficulties. Companies that report contingent liabilities that have the potential to create a loss This is an indicator of financial statement fraud.
Tax avoidance schemes are not necessarily fraudulent, and companies can legally avoid paying taxes using these schemes. However, it is illegal to evade taxes, which involves providing false information to tax authorities to reduce tax liabilities. In summary, the exception is companies whose success depends on a special tax loophole or tax avoidance scheme.
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Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, 2017, its Cash account shows a $27,500 debit balance. The company’s May 31 bank statement shows $25,800 on deposit in the bank. The May 31 bank statement lists $100 in bank service charges; the company has not yet recorded the cost of these services. Outstanding checks as of May 31 total $5,600. May 31 cash receipts of $6,200 were placed in the bank’s night depository after banking hours and were not recorded on the May 31 bank statement. In reviewing the bank statement, a $400 check written by Smith Company was mistakenly drawn against Wright’s account. The bank statement shows a $600 NSF check from a customer; the company has not yet recorded this NSF check. Prepare a bank reconciliation for the company using the above information.
Answer:
Please see solution below
Explanation:
Bank reconciliation as at June 31st.
•Bank statement balance
$25,800
Add:
Bank service charges
$100
NSF check
$600
Wrong drawn
$400
Total
$1,100
Adjusted bank balance
$26,900
Bank reconciliation as at June 31st.
•Cash book balance
$27,500
Add: outstanding checks
$5,600
Balance
$34,100
Less: deposit in transit
($6,200)
Adjusted book balance
$26,900
During the late 1920s, the federal reserve increased the discount rate. At the original price level, a.
The price level decreased since there was a paucity of money.
The required details about Federal Reserve is mentioned in below paragraph.
The American nation's central banking system is known as the Federal Reserve System. After a string of financial panics prompted the need for centralized supervision of the monetary system to prevent financial crises, it was established on December 23, 1913, with the passage of the Federal Reserve Act.
The collection of institutions and agreements that facilitates monetary exchange is known as the monetary system. Money and payment methods are included. The implementation of monetary policy by central banks is crucial for achieving price stability (low and stable inflation) and managing economic swings. In recent decades, there have been significant changes to the policy frameworks under which central banks conduct their operations.
Thus, the federal reserve increased paucity of money
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