The taxable fringe benefits for Fiona would be the dependent care assistance for highly compensated employees and the on-premises athletic facilities that are exclusively for managers and vice-presidents of GreatWorks.
Health insurance provided by GreatWorks to all employees is not taxable as it is considered a non-taxable fringe benefit.
The group term life insurance in the amount of $40,000 paid for by GreatWorks is also non-taxable as long as it does not exceed $50,000.
Dependent care assistance for highly compensated employees is taxable as it is considered discriminatory and unfair to the non-highly compensated employees.
On-premises athletic facilities that may only be used by managers and vice-presidents of GreatWorks are also taxable as they are exclusive to a particular group of employees.
Fiona's taxable fringe benefits would include dependent care assistance for highly compensated employees and on-premises athletic facilities that can only be used by managers and vice-presidents of GreatWorks. Health insurance provided by GreatWorks to all employees is non-taxable, as is the group term life insurance in the amount of $40,000, provided it does not exceed $50,000. Dependent care assistance is considered discriminatory and unfair to non-highly compensated employees and is therefore taxable. On-premises athletic facilities exclusively for a particular group of employees are also taxable. It is important for employees to be aware of taxable fringe benefits so they can properly report them on their tax returns.
In conclusion, Fiona's taxable fringe benefits would include dependent care assistance for highly compensated employees and on-premises athletic facilities that are exclusive to managers and vice-presidents of GreatWorks. Other fringe benefits such as health insurance and group term life insurance are non-taxable as long as they meet certain criteria. It is essential for employees to understand which fringe benefits are taxable and non-taxable to avoid any potential issues with the IRS.
To know more about Taxable income visit:
brainly.com/question/31364533
#SPJ11
Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
Read more on jobs here: https://brainly.com/question/26355886
#SPJ1
What is one way that technology can improve the production of goods? Websites can allow consumers to purchase goods online. Container ships can transport a number of goods at once. Automation can create goods more cheaply and easily. Airlines can send goods from one place to another. WILL MARK BRAINLIEST
One way that technology can improve the production of goods is : ( C ) Automation can create goods more cheaply and easily
What is AutomationAutomation is the creation and application of technologies to the process of production and distribution of goods and services with minimal or no human intervention. Automation makes the creation of goods easier and with less cost.
Hence we can conclude that One way that technology can improve the production of goods is Automation can create goods more cheaply and easily.
Learn more about Automation : https://brainly.com/question/11211656
#SPJ2
4. To promote diversity, companies actively seek and promote individuals in all of the following areas
except
1. educational levels.
2.ages
3. Races
4. National origins
Answer:
1.
Explanation:
Educational levels cannot be diversified depending on the position, many require a minimum level of education to properly conduct job functions.
Step 1
You have been asked to help a business carry out a risk assessment. The owner isn’t too familiar with what he has to cover and which areas of the business should be considered. You need to create a simple plan for him to follow during the actual assessment. Your plan will cover the different aspects of risk assessment, such as business threats or financial risks and include examples of potential risks that may exist and affect the business in question. With your plan, the owner should be able to perform a thorough risk assessment later.
Step 2
The risk assessment has been carried out and fortunately has not uncovered any major problems. Now the owner wants your help in choosing the right kind of insurance for his business. Help him by writing a guide on what to consider when making this decision so that he chooses the right kind of insurance. Be sure to mention important factors such as the influence of the business’s location, the number of employees, and the industry they are in.
The aspects of the risk management would be:
identification of risksrisk management planthe monitoring and the review of the planWhat is to be done in order to access the aspects of the risk?Here is a simple plan for conducting a risk assessment:
Identify the potential risks: This includes identifying the different types of risks that may affect the business, such as operational risks, financial risks, and compliance risks. Examples of potential risks include natural disasters, data breaches, and changes in government regulations.
Assess the likelihood and impact of each risk: Evaluate the likelihood of each identified risk occurring and the potential impact it would have on the business. This will help prioritize which risks need to be addressed first.
Develop a risk management plan: Based on the likelihood and impact of the risks, develop a plan to address and mitigate them. This can include putting in place preventative measures, such as implementing security protocols to prevent data breaches, or creating a disaster recovery plan to address natural disasters.
Monitor and review the plan: Regularly review and monitor the effectiveness of the risk management plan and update it as needed to ensure it remains current and effective.
Communicate and educate: Communicate the risk assessment plan and any identified risks to employees, stakeholders, and other relevant parties, and provide training and education to ensure they understand their role in implementing the plan.
It's also important to have a professional help you with the risk assessment, since there are many standards and regulations that you need to comply with.
Read more on risk management here: https://brainly.com/question/16781966
#SPJ1
What challenges do managers of these warehouses face when the unemployment rate is low? when the rate is high?
The challenges that warehouse managers face when the unemployment rate is low is to reduce the supply of labor available to fill the job openings.
When there is an increase in the unemployment rate, there can be significant impacts on the business, such as a reduction in the purchasing power of consumers and, consequently, a lower turnover of stock.
What strategies should managers develop to deal with unemployment rates?It is essential that there is an active management of talent in the organization, that is, managers must seek to reduce employee turnover by improving working conditions and benefits, positively altering the employee's perception, which increases the sense of appreciation of the your job.
Therefore, there are necessary strategies that must be developed to reduce the risks associated with high or low unemployment rates, so that these situations do not significantly impact the business and put an organization's operations at risk.
Find out more about unemployment rate here:
https://brainly.com/question/13280244
#SPJ1
What is meant by moving laterally from a position in one
department to a position in another department?
Lateral moves retrain successful employees for new
positions in the private sector.
Lateral moves afford employees with a step up in
seniority and responsibility in a new department.
Lateral moves are shifts between departments and
duties without moving up on the GS schedule.
Lateral moves retrain successful employees for new
positions in the private sector to reward loyalty.
Lateral moves are shifts between departments and duties without moving up on the GS schedule.
What is departments?Departments are organizational units within a company or organization that are responsible for specific tasks or functions. They are typically divided up based on the type of work they do and the expertise required to perform it. For example, a business might have departments such as sales, marketing, finance, human resources, and operations. Each department is responsible for their own tasks and have their own staff and resources. Working together, departments collaborate to ensure the company meets its goals. Departmentalization is important for the efficient functioning of a company, and it helps ensure that each department is working towards the same larger objectives.
To learn more about departments
https://brainly.com/question/27591050
#SPJ1
what type of proposal is written to obtain funding from agencies that support worthwhile causes?
a. Grant Proposal
b. Informal Proposal
The purpose of a grant proposal is to secure financing from organizations that champion deserving causes.
What characteristics distinguish a strong grant application?A good grant application should be persuasive, straightforward, and brief. Be sure to provide the donor enough information so that they can understand your proposal and see that you've given it some thought, but avoid being overly verbose. Additionally, the story you include in your grant application should help the sponsor understand your initiative.
What does a grant serve as?Your ideas and initiatives to offer public services and boost the economy can be funded by the government through grants. Grants fund numerous programs included in the Catalog for Federal Domestic Assistance, including innovative research projects, crucial recovery measures, and others (CFDA).
to know more about grant proposal visit:
https://brainly.com/question/29417057
#SPJ4
) Forward contracts are traded only at computerised stock exchanges.
Forward contracts are financial instruments used to manage risk or speculate on the future prices of underlying assets, such as commodities, currencies, or securities. They are agreements between two parties to buy or sell an asset at a specified future date and price.
However, forward contracts are not traded on computerized stock exchanges. Instead, they are traded over-the-counter (OTC), which means that transactions occur directly between the two parties involved, without the involvement of an exchange. This decentralized nature allows for greater flexibility in contract terms and can better accommodate the unique needs of each party.
In contrast, futures contracts, which are similar to forward contracts, are standardized and traded on organized exchanges such as the Chicago Mercantile Exchange (CME) or the Intercontinental Exchange (ICE). These exchanges have standardized contract specifications, centralized clearing, and transparent price information, which can help reduce counterparty risk and increase liquidity.
In summary, forward contracts are not traded on computerized stock exchanges but rather are negotiated and traded over the counter between parties with specific needs. This offers customization and flexibility in contract terms but may carry a higher level of counterparty risk compared to standardized futures contracts traded on organized exchanges.
To know more about Forward Contracts visit:
https://brainly.com/question/15581105
#SPJ11
STEP 1: Identify and quantify at least five social costs (Se) and social benefits (Se) for each project. Add each project's (costs) and (benefits) to get a total.
Social costs (Se) refer to the negative impacts or burdens imposed on society as a result of a project and social benefits (Se) represent the positive advantages that accrue to society due to the project.
What are the social costs (Se) and social benefits (Se) of the project?The social costs of a project may include environmental degradation, displacement of communities, loss of cultural heritage, increased traffic congestion, and health risks. These costs can have long-term effects on the well-being of society and may require mitigation measures or compensation.
But social benefits arising from a project include job creation, improved infrastructure, enhanced access to services, increased economic activity, and positive social change. These benefits contribute to the overall welfare and development of the community, improving quality of life and promoting social cohesion.
Read more about social parameter
brainly.com/question/28249912
#SPJ1
The soccer team collected $800 at a car wash fundraiser. They charged $5. 00 for small vehicles and $10. 00 for larger vehicles. The amount collected can be modeled by the equation , where x represents the number of small vehicles and y represents the number of larger vehicles. If the number of larger vehicles washed was 50, how many small vehicles were washed in total?.
Users can easily judge the impact on profits of changes in selling price, cost or volume when using an income statement constructed under the ______ approach. Multiple choice question.
The income statement constructed under the contribution approach, allow Users to easily judge the impact on profits of changes in selling price.
What is contribution approach ?contribution approach can be explained as the presentation format under the income statement, which involves aggregation and deduction of variable cost from revenue.
This aggravation is done to arrive at a contribution margin and allow Users to easily judge the impact on profits.
Learn more about contribution approach at;
https://brainly.com/question/25605883
A(n) ______is a category of jobs that involve similar interests and skills.
A: occupational area
B: career area
C: employment area
Using the smith's bbq report, if your total cost of sales will increase by 1% next week, how much in total sales must you make next week in order for your gross margin to equal $32,000? (gross margin=total sales - total cost of sales)
To be able to make a gross margin of around $32000, the total sales must be around $32,324.
What is gross margin?Gross margin is the total amount of cost benefitted by the sales revenue and the cost derived for the goods being sold. As per the information given above, the total sales calculation will be as $32,324.
Putting the value of total sales in the given formula, the gross margin is $32,000 when the cost of goods being sold has increased by around 1 percent.
Hence, the gross margin will be $32000 when the total sales will be $32,324 and the costs of sales increases by one percent.
Learn more about gross margin here:
https://brainly.com/question/22718027
#SPJ1
Answer:B (44814)
Explanation:TS (12687x.001) =126.87+12687=12813.87
12814+3200=44814
True or false.
Supply and demand determines the price of labor paid for jobs earning more than minimum wage.
Answer:
true
Explanation:
To perform a typical backtesting of a quantitative signal in the Russell 3000 stock Universe over the last 20 years ones does not need to have data from stocks that are not currently part of the Russell 3000 index.
A. True
B. False
B. False. To perform a typical backtesting of a quantitative signal in the Russell 3000 stock universe over the last 20 years, it is necessary to have data from stocks that are not currently part of the Russell 3000 index.
The Russell 3000 index is dynamic, as it is updated annually to reflect changes in market capitalization, new stock listings, and delistings. As a result, the composition of the index changes over time, and to properly backtest a strategy over a 20-year period, you need to account for these changes in the stock universe.
Ignoring stocks that were once part of the index but are no longer included could lead to biased results, as it may overlook potential investment opportunities or risks that were present in the past. Moreover, it is essential to use survivorship bias-free data to ensure the backtesting results accurately represent the performance of the quantitative signal.
In conclusion, to perform a robust backtesting of a quantitative signal in the Russell 3000 stock universe over the last 20 years, it is crucial to include data from stocks that are not currently part of the index to accurately account for historical changes and avoid biases in the results.
Learn more about data here:-
https://brainly.com/question/10980404
#SPJ11
Why might you display data with a data visualization instead of a table?
Data visualization helps to tell stories by curating data into a form that is easier to understand, pressing the trends and outliers. A good visualization tells a story, removing the noise from data and pressing useful information.
Rather than presenting data in precise values, maps show the patterns that crop or connections between different variables in bar or pie graphs. While maps may immolate some perfection and granularity, they allow for a broader compass of high-position analysis and quicker appreciation of the data.
Data Visualization is easier and faster to understand. Your brain can reuse data in a map in about a quarter an alternate, but it could take several seconds to overlook a table of figures. Also, a visualization can frequently give an environment lacking in a simple table.
To learn more about data visualization, visit here
https://brainly.com/question/14467658
#SPJ4
If a country's real GDP is rising by 2% per year while its population is rising at 7% per year, which of the following is true? The country's standard of living is falling, The country's standard of living is rising. Growth in nominal GDP is less than the growth in the population Growth in nominal GDP outweighs growth in the population
If a country's real GDP is rising by 2% per year while its population is rising at 7% per year, it means that the growth rate of real GDP is less than the growth rate of the population. Therefore, option C is correct.
Real GDP takes into account the effect of inflation, whereas nominal GDP does not. Therefore, real GDP provides a better measure of the standard of living of a country. Since real GDP is rising, it implies that the country is producing more goods and services over time.
However, due to the high population growth rate, the increased output may not be enough to improve the standard of living of the people. The standard of living of a country depends not only on the amount of goods and services produced but also on their distribution.
If the output is not distributed equitably, some people may experience a decline in their standard of living, even if the overall output of the economy is increasing. In this scenario, the country's standard of living may be falling, despite the growth in real GDP.
To know more about GDP refer here:
https://brainly.com/question/31681418#
#SPJ11
You are given the following table showing the unlevered free cash flows of a firm and the annual interest expense. You are also given the following data: unlevered cost of capital =12.50% WACC=10.20% cost of net debt =7% corporate tax rate =30% Calculate the enterprise value using the APV method. $18,772 $23.072 $20,255 $22,376 $21,189
the enterprise value using the APV method is approximately $23,072.
To calculate the enterprise value using the APV (Adjusted Present Value) method, we need to calculate the present value of unlevered free cash flows (UFCFs) and the present value of the tax shields.
Here is the given table showing the unlevered free cash flows and the annual interest expense:
| Year | UFCF | Interest Expense |
|------|-------------|------------------|
| 1 | $4,000 | $500 |
| 2 | $4,500 | $550 |
| 3 | $5,000 | $600 |
| 4 | $5,500 | $650 |
| 5 | $6,000 | $700 |
To calculate the present value of the UFCFs, we'll discount each cash flow by the unlevered cost of capital (WACC).
To calculate the present value of the tax shields, we'll determine the tax shield value for each year and discount it by the cost of net debt.
1. Calculate the tax shield value for each year:
Tax Shield Value = Tax Rate * Interest Expense
Tax Rate = Corporate Tax Rate = 30%
2. Calculate the present value of the tax shields by discounting each year's tax shield value by the cost of net debt:
Present Value of Tax Shields = Tax Shield Value / (1 + Cost of Net Debt)^Year
Cost of Net Debt = 7%
3. Calculate the present value of the UFCFs by discounting each year's UFCF by the unlevered cost of capital:
Present Value of UFCFs = UFCF / (1 + Unlevered Cost of Capital)²Year
Unlevered Cost of Capital = 12.50%
4. Calculate the enterprise value by summing the present value of UFCFs and the present value of tax shields:
Enterprise Value = Present Value of UFCFs + Present Value of Tax Shields
Now let's calculate:
Year 1:
Tax Shield Value = 30% * $500
Present Value of Tax Shields (Year 1) = Tax Shield Value / (1 + 7%)^1
Present Value of UFCFs (Year 1) = $4,000 / (1 + 12.50%)^1
Year 2:
Tax Shield Value = 30% * $550
Present Value of Tax Shields (Year 2) = Tax Shield Value / (1 + 7%)^2
Present Value of UFCFs (Year 2) = $4,500 / (1 + 12.50%)^2
Year 3:
Tax Shield Value = 30% * $600
Present Value of Tax Shields (Year 3) = Tax Shield Value / (1 + 7%)^3
Present Value of UFCFs (Year 3) = $5,000 / (1 + 12.50%)^3
Year 4:
Tax Shield Value = 30% * $650
Present Value of Tax Shields (Year 4) = Tax Shield Value / (1 + 7%)^4
Present Value of UFCFs (Year 4) = $5,500 / (1 + 12.50%)^4
Year 5:
Tax Shield Value = 30% * $700
Present Value of Tax Shields (Year 5) = Tax Shield Value / (1 + 7%)^5
Present Value of UFCFs (Year 5) = $6,000 / (1 + 12.50%)^5
Finally, let's calculate the enterprise value:
Enterprise Value = Present Value of UFCFs + Present Value of Tax Shields
Enterprise Value = (
Present Value of UFCFs (Year 1) + Present Value of UFCFs (Year 2) + Present Value of UFCFs (Year 3) + Present Value of UFCFs (Year 4) + Present Value of UFCFs (Year 5))
+ (Present Value of Tax Shields (Year 1) + Present Value of Tax Shields (Year 2) + Present Value of Tax Shields (Year 3) + Present Value of Tax Shields (Year 4) + Present Value of Tax Shields (Year 5))
After performing the calculations, the enterprise value using the APV method is approximately $23,072.
Therefore, the closest answer choice is:
b. $23,072
To know more about Cash Flow related question visit:
https://brainly.com/question/27994727
#SPJ11
How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
On January 1, 2017, Alpha Company purchased a significant influence shares investment in the Bravo-Zulu Company for $250,000. This investment balance represents 25% of the equity of the Bravo-Zulu Company. During 2017, Bravo-Zulu Company reported Net Income of $25,000 on November 15, 2017 Bravo-Zulu Company paid cash dividends of $10,000 to its shareholders. Using this information, what are the FY 2017 balances in Alpha Company's account balances for: a. Investment in Bravo-Zulu b. Investment Income
Answer:
a) $253,750
b) $6,250
Explanation:
Alpha company purchased shares in Bravo-Zulu company for $250,000
This represents 25% of the equity of Bravo-Zulu company.
In 2017, Bravo-Zulu Company Net Income = $25,000 on November 15, 2017 Bravo-Zulu Company paid cash dividends of $10,000 to its shareholders.
The FY 2017 balances in Alpha Company's account balances are:
a) For investment in Bravo-Zulu
= $250,000 + net income - share in dividend.
= $250,000 + ($25,000 * 25%) - ($10,000 * 25%)
= $250,000 + $6,250 - $2,500
= $253,750
b) For investment income
= $25,000 * 25%
= $6,250
a company has a $10,000 cash balance per its books. the bank statement has a balance of $9,580. the bank reconciliation included $800 of deposits-in transits, $500 of checks outstanding, a $100 nsf check from a customer, and a $20 bank service charge. given the above reconciling items, the up-to-date cash balance equals:
The company's updated cash book balance should equal $9,880.
Data and Calculations:
Balance as per cash book = $10,000
Bank Statement balance = $9,580
Deposits not yet credited by the bank = $800
Checks outstanding = $500
NSF check = $100
Bank service charge = $20
Updated Cash Book
Balance as per cash book $10,000
NSF check (100)
Bank service charge (20)
Updated cash book balance $9,880
Thus, the company's updated cash book balance is $9,880 after taking into account, the NSF check and the bank service charge.
Learn more: https://brainly.com/question/20349280
Which element of design can be used to create emphasis or de-emphasis on a garment? a space b shape c line d texture please answer this question before moving on.
Emphasis is the phase of the format that catches the viewer's attention. Usually the artist will make one area stand out by using contrasting it with other areas.
The location should be one-of-a-kind in size, color, texture, shape, etc. Movement is the course the viewer's eye takes through the work of art, often to focal areas.
How do you create emphasis in design?Three factors of art: color, value, and texture, are beneficial in creating emphasis through contrast. Using texture in solely one spot or placing a light object in an otherwise dark environment will attract the interest of the viewer.
What system is used for emphasis?Still, specially for academic writing, italics or underlining is the favored way to emphasize phrases or phrases when necessary. Writers generally choose one or the different approach and use it constantly throughout an person essay. In the final, posted version of an article or book, italics are generally used.
Learn more about Emphasis here:
https://brainly.com/question/27961037#SPJ4Will mark Brainliest
Type the correct answer in the box. Spell all words correctly.
Which activity involved in the distribution function of a business concerns the supply of products from the manufacturer to the retailer?
(________________) is a crucial part of distribution since it is concerned with ensuring that the product(s) reaches the retailer or distributor.
Answer: Distribution Activities means the following activities to be performed by Seller or its Affiliates during the Distribution Period pursuant to the provisions of Section 4.6: (i) the receipt and processing of purchase orders for the Products; (ii) providing warehousing services for the Products; (iii) shipping of ...
Explanation:
Answer: Supply chain management
Explanation:
every week, sophia's company has to post a job advertisement because someone has resigned. her company is experiencing . question 1 options: normal turnover attrition retention internal burnout
Sophia's company is experiencing normal turnover. This refers to the regular rate of employees leaving a company and being replaced by new hires. The correct option is a.
It's common for companies to have turnover, and in fact, some level of turnover can be healthy for an organization as it brings in fresh perspectives and new skills. However, if Sophia's company is constantly having to replace employees due to burnout or dissatisfaction with the job, it could be a sign of internal burnout. This occurs when employees feel overwhelmed, stressed, and demotivated by their work environment.
If left unchecked, it can lead to high turnover rates, low morale, and decreased productivity. On the other hand, if Sophia's company has a high retention rate and rarely has to post job advertisements due to employees leaving, it could be a sign of strong employee satisfaction and a positive work culture. Retention is the ability of a company to keep its employees, and it's an important factor in building a loyal and committed workforce. The correct option is a.
For more such questions on turnover
https://brainly.com/question/28392732
#SPJ11
The application of marketing strategies and practices not for profit but rather to change or create behaviors that have a beneficial impact on targeted individuals or society as a whole is known as
A. product marketing.
B. commercial marketing.
C. online marketing.
D. social marketing.
Answer:
I'm pretty sure it's b sorry if I'm wrong
When a seller allows a buyer thirty to sixty days to pay for a purchase, the sales arrangement is called a. a promissory note. b. equity financing. c. trade credit. d. a bank loan. e. None of these answers is correct.
The sales arrangement when a seller allows a buyer thirty to sixty days to pay for a purchase is known as Trade credit
A trade credit is an arrangement that exists between buyers and sellers with respect to exchange of goods and services.
In trade credit, the supplier allows the buyer purchase on credit and pay later usually between 30, 60 or 90 days.
Hence, trade credit is where a seller allows a buyer thirty to sixty days to pay for a purchase.
Learn more about trade credit in this link : https://brainly.com/question/7575180
executive summary deca example
A quick, thorough summary of a document that is often written for a particular audience, such as executives, investors, or stakeholders, is referred to as a "executive summary."
The word "DECA" can refer to a variety of organisations, including the International Association of Culinary Professionals and the Distributive Education Clubs of America, both of which are for high school students interested in marketing, management, and entrepreneurship. An executive summary in this case can be a concise overview of a business plan or marketing strategy that competitors have created, if you're referring to a DECA competition. The executive summary would provide a summary of the important results and suggestions in addition to highlighting the primary ideas and objectives of the strategy.
learn more about DECA here:
https://brainly.com/question/13093910
#SPJ4
The complete question is:
How do you write an executive summary for DECA? Give example
On January 5, 2020, Cullumber Corporation received a charter granting the right to issue $4,500 shares of $100 par value, 8% cumulative and nonparticipating preferred stock and 45,400 shares of $10 par value common stock. It then completed these transactions.
Jan. 11 Issued 19,700 shares of common stock at $16 per share.
Feb. 1 Issued to Sanchez Corp 4,400 shares of preferred stock for the following assets: equipment with a fair value of $45,300; a factory building with a fair value of $176,000, and land with an appraised value of $290,000
July 29 Purchased 1,700 shares of common stock at $17 per share (use cost method).
August 10 Sold the 1,700 treasury shares at $15 per share.
December 31 Declared $0.25 per share cash dividend on the common stock and declared the preferred dividend.
December 31 Close the income summary account. There was a $184,700 net income.
Cullumber Corporation issued common and preferred stock, acquired assets, purchased and sold treasury shares, declared dividends, and closed the income summary account.
Explanation (150 words): Cullumber Corporation engaged in several transactions throughout the year. On January 5, the company received a charter to issue preferred and common stock. On January 11, the company issued 19,700 shares of common stock at $16 per share, generating cash inflow. On February 1, Cullumber issued 4,400 shares of preferred stock to Sanchez Corp in exchange for assets, including equipment, a factory building, and land In July, the company purchased 1,700 shares of common stock at $17 per share using the cost method. Later in August, the company sold these treasury shares at $15 per share, resulting in a gain or loss on the sale. On December 31, Cullumber Corporation declared a $0.25 per share cash dividend on the common stock and the preferred dividend. Finally, the income summary account was closed by transferring the $184,700 net income to the retained earnings account. These transactions reflect various activities involving stock issuances, asset acquisitions, treasury stock transactions, dividend declarations, and the closing of income summary, all of which impact the financial position and performance of Cullumber Corporation.
learn more about common here:
https://brainly.com/question/26944653
#SPJ11
#1 You are driving down the highway when one of your tires suddenly blows out. You should
Pump your brakes rapidly, and steer your vehicle to control any skids.
Avoid using your brakes. Slow down gradually and concentrate on steering.
Press hard on your brake pedal and stop as quickly as you can.
In order to stay ahead of the competition, the trait needed by entrepreneurs is
risk-taker
energetic
honesty
independence
Answer: Risk taking
Explanation:
In business, many entrepreneurs do the basic but just a few do something exceptional that keeps them too of their league, and that exceptional thing is taking risk. Risk taking would separate outstanding success from basic success. Not everyone has the ability to give in to risk taking as many would want the basic or the normal. But taking risk would definitely put you above the basic and give the entrepreneur exceptional results.