Larry recently invested $24,400 (tax basis) in purchasing a limited partnership interest in which he will have no management rights in the company. His at-risk amount is also $24,400. In addition, Larry’s share of the limited partnership loss for the year is $3,750, his share of income from a different limited partnership was $2,600, and he has $3,700 of dividend income from the stock he owns. How much of Larry's $3,750 loss from the limited partnership can he deduct in the current year?
Answers
Answer:
$2,600.
Explanation:
Considering the available information given the in the question, we have:
Larry’s tax basis is $24,000
His at-risk amount is $24,000.
Consequently, the basis and at-risk hurdles are not considered.
On the other hand, given that Larry still may not deduct $2,600 of the $3,750 loss because he only has $2,600 of passive income for the year.
Hence, Larry has a $2,600 passive activity loss carryover.
Therefore, the Deductible Loss is $2,600.
Related Questions
Calculate the nominal annual cost of trade credit under each of the following terms. Assume a 365-day year. Do not round intermediate calculations. Round your answers to two decimal places. 1/15, net 20. % 2/10, net 55. % 3/10, net 45. % 2/10, net 45. % 2/15, net 35. %
Answers
The nominal annual cost of trade credit for each is:
18.62%28.22%16.55%37.24%Calculations and ParametersNominal cost of trade Credit = Discount percentage/100- discount percentage * 365/Day Credit 0/s-Discounts period .
1/15, net 20
Here,
Discount percentage = 1 Discount period = 20 day Day credit OKS = 15 days.Nominal cost of trade credit = 1/100 - 1 x 365/20- 15 = 78.73%.
1. 2/10 net 50.
Nominal cost of trade credit = 2/100-2 * 365/50-10= 18.62%
2. 3 /10 net 50.
Nominal cost of trade credit = 3/100-3 * 365/50-10 = 28.22%
3. 2/ 10 net 55
Nominal cost of trade credit = 2/100-2 * 365/55-10 = 16.55%
4. 2/ 15 net 35 =
Nominal cost of trade credit = 2/100-2 * 365/35-15= 37.24%
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match each profession to the correct social class, as defined by annual income.
nurse- lower middle
janitor- lower class
president- upper class
cook- working class
engineer- upper middle
Answers
The correct matching of professions to social classes, based on annual income, is as follows:nurse - upper middle class, janitor - working class, president - upper class, cook - lower class, engineer - upper middle class.
Nurse - Lower Middle Class: Nurses typically earn a moderate income that places them in the lower middle class category. Their income is higher than that of many working-class occupations, but not as high as professions associated with upper-middle or upper-class status.
Janitor - Lower Class: Janitors often have lower-paying jobs and limited income potential, placing them in the lower-class category. Their income levels may be near or below the poverty line, reflecting the challenges they face in meeting their basic needs.
President - Upper Class: Presidents, especially in the context of high-ranking corporate or political positions, typically earn high incomes that classify them in the upper-class category. Their income levels often exceed those of the majority of the population, providing them with significant financial resources and privileges.
Cook - Working Class: Cooks typically earn modest incomes, placing them in the working-class category. While their income levels may vary depending on factors such as experience and work environment, their earnings tend to be lower compared to higher-skilled or managerial positions.
Engineer - Upper Middle Class: Engineers generally earn higher incomes compared to many other professions, placing them in the upper-middle class. Their specialized skills and educational background often contribute to their higher earning potential, although individual circumstances may vary.
It is important to note that social class is a complex and multidimensional concept influenced by factors beyond income, such as education, occupation prestige, wealth, and social status. Therefore, relying solely on income to determine social class may oversimplify the analysis.
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A company that is organized by function will group its employees into teams based on what?
Answers
This organisational structure divides workers into functional areas according to their areas of competence. These functional categories frequently correspond to phases of the value chain like operations, R&D, and marketing and sales.
What is meant by organisational structure?The way tasks are assigned, coordinated, and managed in order to achieve organisational goals is determined by the organisational structure. The foundation upon which standard operating procedures and routines are built is provided by organisational structure, which influences organisational action. Functional, multi-divisional, flat, and matrix organisational structures are the four different types.An organisational structure is a framework for managing specific tasks in order to accomplish a strategic goal. All of these activities have guidelines, expectations, and roles.An organization's structure serves as a tool for its members to carry out their duties in an effective and timely manner as well as for the organisation as a whole to achieve its goals and objectives. In addition to assigning employees their specific work duties and responsibilities, an organisational structure aids management in coordinating and managing operations.To learn more about organisational structure, refer to:
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what is horizontal filling?
Answers
In horizontal filling, documents are placed in a horizontal position, one on the top of another in order of date and the latest document is kept on the top. The best example of horizontal filing is flat files and arch lever file.
which office maintains custody over tax money collected, sells government bonds, and influences stock investments by the public-employee pension funds?
Answers
The Federal Reserve, serving as fiscal agent for the Treasury, shall guarantee that depositaries provide adequate collateralization for public money, as defined above, that surpasses relevant insurance limitations based on the collateral requirements provided by the government agencies.
Their constitutional power also extends to the executive branch, which they may sway by accepting or rejecting presidential nominees for positions at agencies, managing the federal budget, and using their right to filibuster (delay or prevent legislation through protracted discussion). A proposal can either be accepted and signed into law by the president, or it can be rejected (vetoed). The majority of the time, Congress has the option to pass legislation by overriding the president's veto and making it law. According to the Constitution's list of three qualifications, the President must be at least 35 years old, a citizen of the United States by birth, and have lived in the nation for at least 14 years.
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TRUE/FALSE. business-to-business companies are more likely than business-to-consumer companies to practice integrated marketing communications.
Answers
Answer:
False
Explanation:
Business-to-business companies are more likely than business-to-consumer companies to practice integrated marketing communications.So therefore the answer is false.
Tina, a sales manager, is interviewing a worker who applied for a sales job. She likes the applicant so much that she says, "This is a great place to work. If you are loyal to us, we will be loyal to you, and you can count on a job here." Phil, the HR manager, learns what Tina said. He asks her not to make this kind of statement again. What reason best explains why Tina's comment was unwise?
Answers
The reason why the comment by Tina was unwise was because A. Tina's statement could be taken as an implied contract to keep the worker in future, making it hard to dismiss the worker if problems arise.
Why should Tina not have said that?Tina essentially gave the applicant an implied contract because she gave the applicant terms that they needed to abide by in order to get the job and to keep it.
Those terms revolved around loyalty. This means that if the company needed to dismiss the worker in future, the worker could go to court and argue that they deserve to keep their job because they have given the loyalty that was a requisite according to Tina.
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Answer:
Tina's statement could be taken as an implied contract to keep the worker in the future making it hard to dismiss the worker if problems arise
if your audience is expecting to hear from you, and the bad news is not a surprise, what organizational approach will benefit the message?
Answers
If your audience is expecting to hear from you and the bad news is not a surprise, the most beneficial organizational approach for delivering the message would be the direct approach. In this method, you begin by clearly stating the main point or the bad news upfront
Using the direct approach is advantageous in this scenario because it shows respect for your audience's time and intelligence, as they are already anticipating the news. By being transparent and straightforward, you demonstrate professionalism and build trust with your audience. Additionally, this approach minimizes confusion and allows the listeners to focus on the details and any potential solutions or next steps that need to be taken.
After delivering the bad news, it is essential to provide any necessary context and address potential concerns or questions that may arise. Offer reassurance and emphasize any positive aspects or opportunities that may emerge from the situation. Finally, express gratitude for their understanding and invite feedback or questions to maintain open communication.
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Ryan invested in company stock in the year 1996 . The annual yield for his investment was 6.5%; however, the inflation rate was 7.6%. (a) What was the real growth rate of this investment? Answer: % (b) Suppose Ryan wants to make a better investment that will have a real growth rate of 9.6%. What annual interest rate will he need to earn on his investment to accomplish his goal? Answer: %
Answers
Ryan would need to earn an annual interest rate of 17.2% on his investment to accomplish his goal of a real growth rate of 9.6%.
(a) To calculate the real growth rate of Ryan's investment, we need to subtract the inflation rate from the annual yield rate. In this case, the annual yield rate is 6.5% and the inflation rate is 7.6%.
Real Growth Rate = Annual Yield Rate - Inflation Rate
Real Growth Rate = 6.5% - 7.6%
Real Growth Rate = -1.1%
Therefore, the real growth rate of Ryan's investment is -1.1%.
(b) To determine the annual interest rate Ryan would need to earn on his investment to achieve a real growth rate of 9.6%, we need to add the inflation rate to the desired real growth rate.
Annual Interest Rate = Real Growth Rate + Inflation Rate
Annual Interest Rate = 9.6% + 7.6%
Annual Interest Rate = 17.2%
Therefore, Ryan would need to earn an annual interest rate of 17.2% on his investment to accomplish his goal of a real growth rate of 9.6%.
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a project has an initial cash outflow of $55,000, total cash flow in year 1 of $22,000, with total cash flows increasing by 5% in years 2 and 3. assuming a discount rate of 10%, what is the project's net present value?
Answers
The project's net present value is $2,239.01. This positive result shows that a return more than the 10% needed rate of return is anticipated for the project.
We must apply the provided discount rate of 10% to all the cash flows in order to arrive at the project's net present value (NPV). The cash flow for the first year is $22,000. This cash flow's present value is computed as follows:\(PV1 = $22,000 / (1 + 0.1)^1 = $20,000\)
The cash flow is anticipated to rise by five percent to $23,100 in year 2. This cash flow's present value is computed as follows:\(PV2 = $23,100 / (1 + 0.1)^2 = $19,008.26\) The cash flow is anticipated to rise 5% to $24,255 in year 3. This cash flow's present value is computed as follows:\(PV3 = $24,255 / (1 + 0.1)^3\) = $18,230.75
In addition, the original cash outflow of $55,000 must also be adjusted back to its current value because it is a negative cash flow:\(PV0 = -$55,000 / (1 + 0.1)^0 = -$55,000\)
The total current values of the project's cash flows make up the net present value: NPV equals -$55,000 + $20,000 + $19,008.26 + $18,230.75 NPV equals $2,239.01 NPV = PV0 + PV1 + PV2 + PV3
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Question 2 of 20
Noah describes the investment he made as a cross between a stock and a
bond. It offers a high rate of return but is more stable than typical stocks.
This kind of investment is called a
O A. dividend stock
B. government bond
C. preferred stock
D. prospectus
Answers
Noah describes the investment he made as a cross between a stock and a bond. It offers a high rate of return but is more stable than typical stocks. This kind of investment is called a preferred stock. The correct option is c.
Preferred stocks are sometimes called hybrid securities. Preferred stocks are equity securities that share many characteristics with debt instruments. Preferred stock is attractive as it offers higher fixed-income payments than bonds with a lower investment per share. Preferred stock often has a callable feature that allows the issuing corporation to forcibly cancel the outstanding shares for cash.
Corporations that receive dividends on preferred stock can deduct 50% to 65% of the income from their corporate taxes.
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the fundamental model of business valuation is commonly referred to as the:_____.
Answers
The fundamental model of business valuation is commonly referred to as the Discounted Cash Flow (DCF) model.
The fundamental model of business valuation is often known as the Income Approach or the Earnings Approach. The DCF model is one of the methods used within the Income Approach to estimate the value of a business by discounting its expected future cash flows. The fundamental model of business valuation is commonly referred to as the "Income Approach" or the "Income Capitalization Approach." This approach involves estimating the present value of expected future cash flows generated by a business to determine its value. The DCF model is one of the methods used within the Income Approach to calculate the present value of cash flows.
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molzahn corporation is a manufacturer that uses job-order costing. the company closes out any overapplied or underapplied overhead to cost of goods sold at the end of the year. the company has supplied the following data for the just completed year: estimated total manufacturing overhead at the beginning of the year $ 481,250 estimated direct labor-hours at the beginning of the year 35,000 direct labor-hours results of operations: actual direct labor-hours 40,000 direct labor-hours manufacturing overhead: indirect labor cost $ 179,000 other manufacturing overhead costs incurred $ 465,000 manufacturing overhead is overapplied or underapplied by: (do not round your intermediate calculations.)
Answers
Manufacturing overhead is $94,000 underapplied. When a company doesn't budget enough for its overhead expenditures, underapplied overhead results. This indicates that the budgeted amount was lower.
What distinguishes an overhead that is underapplied from one that is overapplied?Manufacturing overhead is underapplied and the resulting cost of goods sold is overstated if there is a debit balance. If manufacturing overhead has a credit balance, the overhead is overapplied and the resulting cost of products sold amount is overstated, according to the adjusting entry.
How do you deal with applied but unapplied overhead?Closing it out to cost of goods sold is the most typical accounting approach for underapplied manufacturing overhead. This shows that the actual cost of making the sold goods was more than expected.
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midge feels that the price of gold is going to fall because inflation is on the decline. to profit from her prediction, assuming she is correct, midge should
Answers
Yes, Midge should sell short a futures contract today to profit from her prediction that the price of gold will fall due to declining inflation.
Selling short a futures contract involves selling a commodity, such as gold, that the seller does not currently own. The seller agrees to deliver the commodity at a future date, anticipating that its price will decline. If Midge believes that the price of gold will fall due to declining inflation, selling short a gold futures contract would allow her to profit from this prediction.
By selling short a futures contract, Midge can take advantage of falling gold prices. If the price does indeed decrease as she predicts, she can buy back the futures contract at a lower price and make a profit on the difference. This strategy allows Midge to benefit from her anticipation of declining inflation and the subsequent impact on the price of gold.
However, it's important to note that selling short carries risks. If Midge's prediction is incorrect and the price of gold rises instead, she could potentially incur losses. Therefore, careful analysis and consideration of market conditions and trends are crucial when engaging in futures trading to maximize the chances of making profitable trades.
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The Complete question is
Midge feels that the price of gold is going to fall because inflation is on the decline. To profit from her prediction, assuming she is correct, Midge should sell short a futures contract today.
Need help with this question, thanks
Answers
Answer:
The 1st left one: Corona
Below it: Core
Beside Corona: Prominence
Below it: Photosphere
Below it: Sunspot
Hope it helps!!!
Who is most likely to have chosen a career path as an entrepreneur?
A. Gloria got certified in TIG welding to advance her career.
B. Harry has a degree in marketing and works for an advertising firm.
C. Jane is building a company to market her new shoe design.
D. Isaac served an apprenticeship with a plumber.
Answers
Harry is employed by an advertising agency and has a degree in marketing. most likely to have chosen an entrepreneurial career Thus option (B) is correct.
What is marketing?Marketing is the process of investigating, developing, and providing value in terms of products and services to fulfill the needs of a target market. Potentially includes the selection of a target audience; the selection of certain traits or themes to emphasize in advertising;
Marketing is the activity of investigating, generating, and supplying value in the form of goods and services to fulfill the demands of a target market, potentially including the identification of a target audience; the selection of specific traits or themes to stress in advertising.
Therefore, Thus option (B) is correct.
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Answer:
Harry has a degree in marketing and works for an advertising firm.
Explanation:
If you're offered a no-interest loan, the amount of the loan should not exceed
$2,000.
$25,000.
$60,000.
$100,000.
Answers
Answer:
$100,000
Explanation:
Answer:
100,000
Explanation:
just took test
1) Inflation represents the rate of increase of the average price of goods. If inflation decreases from 10% to 5%, does the average price of goods decrease? Explain.
Answers
No, the average price of goods does not decrease when inflation decreases from 10% to 5%.
Inflation represents the rate of increase in the average price of goods and services over time. When inflation decreases, it means that the rate of price increase has slowed down, but it does not imply a decrease in the average price itself. Even with a lower inflation rate, prices can still continue to rise, albeit at a slower pace.
The percentage of inflation indicates the extent of price increase compared to the previous period. If the inflation rate decreases from 10% to 5%, it means that prices are still increasing but at a slower rate. For example, if an item was priced at $100 at the beginning of the year, with a 10% inflation rate, its price would increase to $110. However, with a 5% inflation rate, the price would increase to $105. While the rate of increase has decreased, the average price of goods has not decreased.
Therefore, it is important to differentiate between a decrease in the inflation rate (a decrease in the rate of price increase) and an actual decrease in the average price of goods, which would indicate deflation.
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Vouching selected items from the payroll register to employee time cards that have been approved by supervisory personnel provides evidence that
A. Internal controls relating to payroll disbursements were operating effectively.
B. Payroll checks were signed by an appropriate officer independent of the payroll preparation process.
C. Only bona fide employees worked and their pay was properly computed.
D. Employees worked the number of hours for which their pay was computed.
Answers
Answer:
D. Employees worked the number of hours for which their pay was computed.
Explanation:
The vouching that are chosen for the items from the payroll register to the time cards of the employee the same would be approved by the supervisory, So this represent as a proof that the employees worked for the no of hours and according to that their wages should be determined
Therefore option d is correct
And, the other options would be held wrong
Yong teaches students with learning disabilities and physical disabilities.
Barb teaches computer programming to high school students.
Maya works in a private school teaching math to seventh-grade students.
Destiny works in a college teaching English to adult students.
Tanner helps an elementary school teacher and works under the guidance of that teacher.
ANSWERS: 1.Special Education 2. Career and technical education 3. Middle school 4. Post secondary teacher 5.teacher assistant
Answers
Answer: Special education teacher
Career and technical education teacher
Middle school teacher
Post secondary teacher
Teacher assistant
Explanation:
Answer:
1.Special education teacher
2.Career and technical education teacher
2.Middle school teacher
3.Post secondary teacher
4.Teacher assistant
Explanation:
all the changes that have occured in mass media over the last decade in content and companies is referred to as:
Answers
The changes that have occurred in mass media over the last decade in content and companies are commonly referred to as "media transformationt" or "media revolution."
How is the transformation in mass media over the last decade referred to?
The changes that have occurred in mass media over the last decade in content and companies are commonly referred to as "media transformation" or "media revolution."
This term encompasses the profound shifts that have taken place in various aspects of mass media, including the way content is produced, distributed, consumed, and monetized.
These changes have been driven by advancements in technology, shifts in consumer behavior, and the emergence of new media platforms. Some key elements of this transformation include the rise of digital media, the proliferation of streaming services, the growth of social media, the decline of traditional print media, the increased personalization and on-demand access to content, and the disruption of established media companies by tech giants and new digital startups.
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you hear about an economy with no change in the number of workers or capital. yet, production increases. what idea does this illustrate?
Answers
Answer:
It might be because of an increase in efficiency in the workforce or advances in technology. Hope it helps :)
Explanation:
define human resources
Answers
Answer:
Human resources (HR) is the division of a business that is charged with finding, screening, recruiting, and training job applicants, as well as administering employee-benefit programs.Human resources is the personnel of a business or organization, regarded as a significant asset in terms of skills and abilities.Human resources are defined as the people employed by a company or the department in a company in charge of hiring, training, benefits and records.Hope it helped u
5. Patrice wants to start her own business or become her own boss someday. However, she isn't sure what opportunities are available. She asks for your help. How would you examine and describe entrepreneurship opportunities for Patrice so she can best create a career plan
Answers
Techniques for Finding Business Opportunities
Select Your Pain Areas. Start with yourself when looking for prospective market demands.Run a market research study. Market analysis is another approach to demonstrate the viability of a company proposal.Questioning techniques.Concentrate on your advantages and your goalsThe five types of business opportunity for entrepreneurs are
Dealership or DistributorshipBuy a FranchiseFilling a Niche (a profitable small segment)Network marketing andLicensing
What do you think of when you think about business opportunities?
Entrepreneurial opportunity arises when there is a clear consumer need and the ability to deliver the sought good or service. In the sphere of entrepreneurship, some requirements must be satisfied before a concept can become an opportunity.
The significance of evaluating needs in order to find a business opportunity. Before putting your business plan into action, you must ascertain the demands and preferences of your target market. The idea must be financially supported, and it will fail when there is no demand for it.
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Which industry is the second-largest employer of teens
and young people?
What percentage of employed teens are employed by
the government?
I got it
is retail trade
and 7%
Answers
Answer:
I. Retail industry
ii. 7%
Explanation:
Retail industry is the second largest employers of teen and young people next to health sector which is the largest employer.
Retailing involves buying goods either from the producers or wholesaler and selling them to the final consumers. Some services are also offered in these retailing such as call center representative, those who work in innovation lab. etc
In the United States, about 7% of teens and young people are in the employment of government , while retail industry is the largest employer of teen and young people because it provides flexibility and also do not involve much academic qualifications.
Example of these retail jobs are those who work in call center, sales representatives and those who works in stores.
Answer:
Retail Trade
7%
Explanation:
Edge 2020
What is important for business owners to understand about external environments
are generally beyond the control of management and change constantly
continuously analyze these environments and adapt their businesses or risk
failure
All of the above
be proactive and early adapters to the changes in the external environments
Answers
All of the above are important for business owners to understand about external environments. Option C
What are business external environments?These environments are often beyond the control of management and are constantly changing, so it is crucial for business owners to continuously analyze these environments and adapt their businesses to remain competitive and relevant.
Being proactive and early adapters to changes in the external environment can help businesses stay ahead of the curve and avoid the risk of failure.
Ultimately, understanding and responding to external factors can help businesses thrive in today's rapidly evolving marketplace.
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When a manager makes scheduling decisions, he or she is making __________,
A. non-programmed, strategic decisions
B. non-programmed, operational decisions
C. programmed, operational decisions
D. programmed, strategic decisions
Answers
Answer:
D. Programmed, strategic decisions
Explanation:
This is because they usually print the schedule with a strategic technique that allows everyone to work equal hours every week.
Once the profit maximizing price charged by a firm is set, which rules is correct for a firm producing in the short run?
Answers
If price is equal to average variable cost, the firm will break even is a correct rule for a firm producing in the short run.
As long as the price is higher than or equal to the average variable cost (AVC) to cover its variable costs a firm will produce in the short term. The company will experience losses on each unit produced if the price is below average variable cost because it will be unable to cover even its variable costs.
In this situation, closing the business and minimizing losses makes more economic sense than continuing operations. By halting production until the price rises or the cost conditions change, the company can shut down to prevent further losses.
The question is incomplete, complete question is "Once the profit maximizing price charged by a firm is set, which of the following rules is not correct for a firm producing in the short run?
If price is equal to average variable cost, the firm will break even
O if price is greater than average variable cost, the firm will produce at a loss or profit depending on the level of average total cost
O If price is greater than average total cost, the firm will earn economic profit
O If price is less than average total cost, the firm may be able to produce at a loss depending on the level of average variable cost .
O If price is less than average variable cost, the firm will shut down"
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On January 1, 2016, the Randolph Corp. has a Bonds Payable account with a balance of 100,000 and a related Bond Discount account with a balance of $8,500. On that day Randolph redeems the bonds at 106 . Randolph will record a of? on the redemption of these bonds. Use the following abbreviations in the first blank for the gain or loss on the redemption of the bonds: G for Gain L for Loss The second blank is for the amount of the gain or loss. Do not use the $ sign or decimal in the answer. Commas are ok.
Answers
Randolph Corp. will record a gain of $14,500 on the redemption of these bonds.
Gain or loss on the redemption of the bonds, we need to compare the carrying value of the bonds (which is the Bonds Payable account minus the Bond Discount account) to the amount paid to redeem the bonds.
Bonds Payable - Bond Discount = $100,000 - $8,500 = $91,500
To redeem the bonds at 106, Randolph Corp. would pay:
$100,000 x 1.06 = $106,000
Therefore, the gain or loss on the redemption of the bonds is:
G for Gain
$14,500
Since the amount paid to redeem the bonds ($106,000) is greater than the carrying value of the bonds ($91,500), Randolph Corp. realizes a gain on the redemption of the bonds. The amount of the gain is the difference between the amount paid to redeem the bonds and the carrying value of the bonds:
Gain on Redemption of Bonds = Amount Paid to Redeem Bonds - Carrying Value of Bonds
= $106,000 - $91,500
= $14,500
Therefore, Randolph Corp. will record a gain of $14,500 on the redemption of these bonds.
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PLEASE HELP! you get 20 points
Alfonso comes to you for advice on creating a web application for his new startup, a store that turns discarded clothes into quilts for sale. He’s a novice when it comes to these things, so he asks you to give him advice on what kinds of functions would be useful for the application, as well as why an app is useful beyond providing a digital store front. In a paragraph, summarize your advice to Alfonso.
Answers
Answer:
i need help with this too someone please help
Explanation:
Answer:
An app would be important because you could track your orders easier and you would be able to promote the product. THe main function would need to be the ability to manage a business while trying to get all of the product made while finding people to be part of your business. IF you are going to interview employees they would have to know how to stitch and sew.
Explanation:
TRUST ME ON THIS ONE