The statement that is NOT accurate regarding strategic planning is Option A: "Strategic planning is a one-time process completed when a firm outlines its objectives."
Strategic planning is an ongoing process that involves assessing the current situation, setting goals, developing strategies to achieve those goals, and monitoring progress. It is not a one-time process, but rather an ongoing effort to ensure that the organization's objectives are being met and that the organization is adapting to changes in the environment.
Strategic planning also involves analyzing internal and external factors that may affect the organization's performance and making adjustments as necessary. It requires input from various stakeholders and collaboration across different departments and levels of the organization. By regularly reviewing and updating the strategic plan, organizations can stay agile and responsive to changes in the business environment.
Learn more about Strategic planning https://brainly.com/question/24864915
#SPJ11
U.S. currency is produced by the _____.
Answer:
Bereau of engraving and printing
Explanation:
Boston Recyclers Company uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2019:
1. Retained Earnings, beginning balance, $139,000
2. Retained Earnings, ending balance, $120,000
3. There is a net loss of $15,000 for the year.
What is the amount of dividends declared during the year?
Answer:
$4,000
Explanation:
We will use the formulae below to get the amount of dividend the declared during the year
Ending retained earnings = Beginning retained earnings - Net loss - Dividends declared
$120,000 = $139,000 - $15,000 - Dividends declared
$120,000 = $124,000 - Dividend declared
Dividend declared = $124,000 - $120,000
Dividend declared = $4,000
2.1.3. Briefly explain the term Gross Domestic Product.
Answer:
it is the total value of goods produced and services provided in a country during one year.
Explanation:
Major investments in either tangible long-term assets such as land, buildings, and equipment or intangible assets such as patents, trademarks, and copyrights.
Yes, major investments in either tangible long-term assets or intangible assets are examples of capital expenditures. Capital expenditures refer to the funds that a business uses to acquire or improve long-term assets, such as land, buildings, equipment, patents, trademarks, and copyrights.
These investments are typically made to support the ongoing operations and growth of the business, and they are typically expected to provide a financial benefit over a period of several years or more.
Tangible long-term assets are physical assets that have a useful life of more than one year, such as land, buildings, and equipment. Intangible assets are non-physical assets that have a useful life of more than one year, such as patents, trademarks, and copyrights.
Both types of assets can be important to a business, as they can provide the necessary resources and capabilities to support the business's operations and strategic goals.
It's important to carefully consider the potential benefits and risks of any capital expenditure, as these investments can have a significant impact on a business's financial performance and long-term success.
Learn more about assets:
https://brainly.com/question/13871059
#SPJ4
During March, the production department of a process operations system completed and transferred to finished goods 25,000 units that were in process at the beginning of March and 110,000 units that were started and completed in March. March's beginning inventory units were 100% complete with respect to materials and 55% complete with respect to conversion. At the end of March, 30,000 additional units were in process in the production department and were 100% complete with respect to materials and 30% complete with respect to conversion. Compute the number of equivalent units with respect to both materials and conversion respectively for March using the weighted-average method. A. 165,000 materials; 165,000 conversion. B. 140,000 materials; 130,250 conversion. C. 135,000 materials; 119,000 conversion. D. 165,000 materials; 144,000 conversion. E. 144,000 materials; 144,000 conversion.
Answer:
D. 165,000 materials; 144,000 conversion.
Explanation:
The concept of equivalent units measures the number of units in terms of percentage completion in the inputs introduced to outputs.
Calculation of the number of equivalent units with respect to both materials and conversion respectively for March.
Materials
Units Completed and Transferred (135,000 × 100%) = 135,000
Units in Ending Work in Process (30,000 × 100%) = 30,000
Total Equivalent units of Production = 165,000
Materials
Units Completed and Transferred (135,000 × 100%) = 135,000
Units in Ending Work in Process (30,000 × 30%) = 9,000
Total Equivalent units of Production = 144,000
Conclusion :
The equivalent units of production are 165,000 materials; 144,000 conversion.
Answer:
D. 165,000 materials; 144,000 conversion.
Explanation:
Production Department
Equivalent Units
Weighted Average Method
First we will find out the transferred units
Beginning Units 25,000
Units Started 110,000
Units Completed and Transferred Out 135,000
Particulars Units % Completed Equivalent Units
Mat. Conversion Mat. Conversion
Units Completed 135,000 100 100 135,000 135,000
Ending WIP 30,000 100 30 30,000 9000
Total Equivalent Units 165,000 144,000
We find the equivalent units by adding the transferred out units with the percent of the ending work in process units in the average weighted method.
the cost of quality has two components: the cost of good quality. the costs for good quality are the cost of monitoring and preventing defects. the cost of poor quality are often hidden, hitting customers and departments not immediately related to production. some experts argue that:
Answer: Quality is never costless because monitoring and prevention have costs
Explanation:
The cost of quality has two parts which are the cost of prevention and the cost of failure. The cost of quality simply refers to the sum of the prevention cost and the cost of failure.
It should be noted that spending more on prevention helps in reducing the cost of failure. According to experts, quality is is never costless because monitoring and prevention have costs.
Which is the BEST example of marketing within sports?
While super bowl ads and athlete endorsements are well-known examples of sports marketing in action, sports marketing also includes marketing that builds a brand around healthy or aspirationally athletic lifestyles. Using sports marketing strategies can add serious appeal for many consumers.
What's the purpose of the three questions you should ask before using your emergency fund?
The three-question:
Is it unexpected?
Is it necessary?
Is it urgent?
Answer:
to reconsider yourself before spending your emergency funds.
Explanation:
if it's not important then don't use it.
is it unexpected?.. well do you expect to use this fund.
is it necessary?... do you really need this stuff
is it urgent?.... do you need these things right now?
Determine if the research is deductive or inductive: - If because of analysis of data collected, one infers that the problem of turnover can be minimized by three important factors: (i) flexible work hours; (ii) recognition of superior performance of workers through suitable merit pay raises; and (iii) enriching certain types of jobs. If a manager observes that people residing at distances beyond 50 miles from the workplace remain absent more frequently than those he knows to reside close by, and infers thereby that distance is a factor in absenteeism. Fares spent some time reviewing the literature on child behavior and focused particularly on theoretical explanations for gender differences he might expect to find in his upcoming study of children.
Answer:
1. Deductive
2. Inductive
3. Deductive
Explanation:
Deductive research is a form of reasoning that stems from existing theories that can be tested. Data is collected to test a theory and the results are analyzed. The first and third scenarios are deductive research works because there are existing theories or data that can be worked on. In the first instance, data on issues of turnover already exist. In the third scenario, there were theories to explain gender differences.
Inductive research proposes a theory after observation. This is applicable in the second instance where the manager proposes the theory that relates distance to absenteeism after close observation.
Use the Distributive Property to multiply 9 and 37 in your head.
Represent 9 × 37 by writing 37 in expanded form.
9 × (30 + 7)
9 × 3 × 7
9 × (30 × 7)
9 + (30 + 7)
By applying the distributive property of multiplication, 9 × 37 is represented by: A. 9 × (30 + 7)
What is the distribution property of multiplication?The distributive property of multiplication states that when the sum of two or more addends are multiplied by a particular numerical value, the same output would be produced as when each addend is multiplied respectively by the same numerical value, and the products are added together.
Mathematically, the distributive property of multiplication is given by this expression:
a(b + c) = ab + ac.
By applying the distributive property of multiplication to 9 and 37, we have:
9 × (30 + 7) = 9(30) + 9(7)
Read more on distributive property here; brainly.com/question/24014491
#SPJ1
The free enterprise system is a type of economy that?
Answer:
The governemnt doesnt have many restrictions on buisness, Business has a lot of say in government activity.
Explanation:
Answer:
prevents governments from interfering with businesses.
Explanation:
Which type of pricing strategy has gained popularity due to the increased use of the Internet?
OA going-rate pricing
O B.
OC. value pricing
OD. perceived-value pricing
auction-type pricing
Answer:
B. Auction-Type Pricing
Explanation:
Auction-type pricing: With Internet commerce increasing in volume, the auction-type pricing strategy is growing popular in the online marketplace.
Answer:
Auction-type pricing
Explanation:
How does the commerce clause affect the regulation of business?
A retired married customer, age 73, has a portfolio that is invested in Blue Chip stocks and Treasury bonds that provides current income. The customer is concerned that he is paying a very high Federal and State combined income tax rate. An appropriate recommendation for this customer would be to diversify part of his portfolio into an investment in:
Answer:
The answer is Municipal bonds
Explanation:
Municipal bonds are securities(debt securities) issued by states, cities, counties etc. It is generally issued to fund capital project like construction of roads, schools etc.
Municipal bonds are generally valued for being exempt from federal, state or local taxes taxes. Hence, the reason why the customer should invest in this type of bond since the customer is being concerned about high tax that he has been paying.
As a student of Business Ethics and a managing director of a multinational company, discuss five (5) factors you will consider in managing the multi-cultural and diversified workforce in Ghanaian business organizations.
Communication, ethics, conflict management, learning, and inclusion are some issues to consider when leading a multicultural and diversified workforce in Ghanaian business organizations.
How do you lead a multicultural team?In order to foster a culture that celebrates variety and individuality, it is crucial that there be a number of rules and procedures that concentrate on organizational ethics. The manager must be aware of the requirements of the teams, encourage learning, and include the staff in organizational procedures.
Therefore, the sharing of knowledge, learning, and creativity can benefit from a diverse culture.
To learn more about the multicultural team here: https://brainly.com/question/27249388
#SPJ10
Southern Tours is considering acquiring Holiday Vacations. Management believes Holiday Vacations can generate cash flows of $218,000, $224,000, and $238,000 over the next three years, respectively. After that time, they feel the business will be worthless. If the desired rate of return is 14.5 percent, what is the maximum Southern Tours should pay today to acquire Holiday Vacations?
Answer:
$519,799.59
Explanation:
Discount rate = R = 14.50%
Year Cash flows Discount factor PV of cash flows
1 218,000.00 0.873362 190,393.0131
2 224,000.00 0.762762 170,858.6793
3 238,000.00 0.666168 158,547.9011
Total of PV = NPV = $519,799.59
Note:
Df = 1/(1+R)^Year
PV of cash flows = Cash flows x Df
While Sally is still a minor, she wrecks the car she purchased from Bally. Can she still disaffirm the contract? Must she return Bally to?
Answer:
If Sally is still a minor, she can disaffirm the contract and return the car to Bally. Contracts involving minors are not legally binding unless the minor reaffirms them once he/she is an adult or a parent also signs the contract.
In this case, Sally's contract is voidable by her and if she chooses to, she is able to void it. What happens after she returns the car depends on the state. Some state laws force Bally to return the money even if the car is wrecked. Other states have laws that require minors to return goods in good shape, and in this case, would allow Bally to deduct any repair expenses from the money he needs to return to Sally.
For cost of capital purposes, the firm should always consider reinvested earnings as the first source of capital – i.e. use these funds first- because reinvested earnings have no cost to the firm.
A. True
B. False
Administrators
According to the video, what sort of education do Postsecondary Education Administrators need?
a high school diploma
O a college experience without a degree
advanced education
O an orientation
Answer:
advanced education
Explanation:
just got it right on edge 2020
Answer:
advanced education
Explanation:
hope this helps!
Isabella and Antonio are auto mechanics. Isabella takes 6 hours to replace a clutch and 4 hours to replace a set of brakes. Antonio takes 8 hours to replace a clutch and 6 hours to replace a set of brakes. State whether anyone has an absolute advantage at either task and, for each task, identify who has a comparative advantage.
Isabella has an absolute advantage in both clutch replacement and brake replacement due to her ability to complete each task in less time.
- Isabella also has a comparative advantage in both clutch replacement and brake replacement, assuming similar skills and pay rates.
How to determine the whether anyone has an absolute advantage at either task and, for each taskTo determine absolute and comparative advantages in this scenario, we need to compare the productivity of Isabella and Antonio in replacing clutches and brakes.
Let's analyze the tasks:
1. Clutch Replacement:
- Isabella takes 6 hours.
- Antonio takes 8 hours.
Based on the time taken, Isabella has an absolute advantage in clutch replacement because she can complete the task in less time than Antonio.
2. Brake Replacement:
- Isabella takes 4 hours.
- Antonio takes 6 hours.
Again, based on the time taken, Isabella has an absolute advantage in brake replacement because she can complete the task in less time than Antonio.
Similar to clutch replacement, if we assume similar skills and pay rates, Isabella would also have a comparative advantage in brake replacement due to her ability to complete the task more quickly.
Comparative advantage is based on a comparison of opportunity costs, and without specific information about the trade-offs involved, we can infer that Isabella's ability to complete both tasks more quickly gives her a comparative advantage in both.
Learn more Comparative advantage at https://brainly.com/question/12291750
#SPJ1
As of June 30, Year 2, the bank statement showed an ending balance of $19,500. The unadjusted Cash account balance was $15,200. The following information is available:
Deposit in transit, $2,400.
Credit memo in bank statement for interest earned in June, $30.
Outstanding check, $6,690.
Debit memo for service charge, $20.
As of June 30, Year 2, the bank statement showed an ending balance of $19,500. The unadjusted Cash account balance was $15,200. Credit memo in the bank statement for interest earned in June, $30. Hence, option B is appropriate.
What is the Bank Statement?
Every month, the bank will normally send the account holder an authorized bank statement that lists all of the transactions that occurred on the account that month. Account information, including account numbers as well as a thorough list of withdrawals and deposits, can be found on bank statements.
A bank statement is a report sent by the bank that details all of the activity on their account for a given time period, often a month. Your current average balance, processed deductions but also deposits, and any accrued interest are just a few of the items that are included in the activity displayed on your bank account.
Hence, option B is correct.
Learn more about the Bank Statement here:
https://brainly.com/question/22786262
#SPJ1
Calculating Cost of Debt For the firm in the previous problem, suppose the book value of the debt issue is $35 million. In addition, the company has a second debt issue on the market, a zero coupon bond with 12 years left to maturity; the book value of this issue is $80 million and the bonds sell for 61 percent of par. What is the company’s total book value of debt? The total market value? What is your best estimate of the aftertax cost of debt now?
The best estimate of the aftertax cost of debt for the firm is 3.47% in the given case.
To calculate the total book value of debt, we sum the book values of both debt issues:
Total book value of debt = Book value of debt issue 1 + Book value of debt issue 2
Total book value of debt = $35 million + $80 million
Total book value of debt = $115 million
To calculate the market value of the zero coupon bond, we need to find 61% of the face value:
Market value of zero coupon bond = 0.61 x Face value of zero coupon bond
Market value of zero coupon bond = 0.61 x $80 million
Market value of zero coupon bond = $48.8 million
The total market value of debt is the sum of the market values of both debt issues:
Total market value of debt = Market value of debt issue 1 + Market value of debt issue 2
Total market value of debt = $35 million + $48.8 million
Total market value of debt = $83.8 million
To find the aftertax cost of debt, we need to first calculate the yield to maturity on the zero coupon bond. We know that the bond has 12 years left to maturity and sells for 61% of par, so we can use the following formula to find the yield to maturity:
61% of face value = $48.8 million
Par value = $100 million
Years to maturity = 12
Yield to maturity = ?
Solving for the yield to maturity using a financial calculator or spreadsheet, we get:
Yield to maturity = 4.83%
Next, we need to find the aftertax cost of debt for both debt issues separately and then weight them by their respective market values. We are given that the company's tax rate is 40%.
For the first debt issue, we are given that the coupon rate is 8% and that the bonds are currently selling at par, so the beforetax cost of debt is 8%. The aftertax cost of debt is:
Aftertax cost of debt issue 1 = Beforetax cost of debt issue 1 x (1 - Tax rate)
Aftertax cost of debt issue 1 = 8% x (1 - 40%)
Aftertax cost of debt issue 1 = 4.8%
For the zero coupon bond, we already calculated the yield to maturity, which is the beforetax cost of debt. The aftertax cost of debt is:
Aftertax cost of debt issue 2 = Beforetax cost of debt issue 2 x (1 - Tax rate)
Aftertax cost of debt issue 2 = 4.83% x (1 - 40%)
Aftertax cost of debt issue 2 = 2.90%
Finally, we can weight the aftertax costs of debt by their respective market values to get the overall aftertax cost of debt:
Overall aftertax cost of debt = (Market value of debt issue 1 / Total market value of debt) x Aftertax cost of debt issue 1 + (Market value of debt issue 2 / Total market value of debt) x Aftertax cost of debt issue 2
Plugging in the numbers, we get:
Overall aftertax cost of debt = ($35 million / $83.8 million) x 4.8% + ($48.8 million / $83.8 million) x 2.90%
Overall aftertax cost of debt = 3.47%
To know more about debt here
https://brainly.com/question/1957305
#SPJ1
Question 1
A) Sarah has an apple and Ava has a bag of chips. Sarah would rather consume the bag of chips, and Ava would prefer to consume the apple. Which of the following is an example of bartering?(1 point)
Sarah pays Ava $1 for her bag of chips.
Ava pays Sarah $1 for her apple.
Sarah trades her apple for Ava's bag of chips.
Sarah and Ava consume the goods they currently possess.
Question 2
A) Gold has historically functioned as money. This is due, in part, to the willingness of others to accept it as valid payment for goods and services. In this case, gold is functioning as a(n)(1 point)
store of value.
unit of account.
fiat money.
medium of exchange.
Question 3
A) Consider a hypothetical economy in which rice functions as money. In addition to being valued as money, rice is valued as a consumer good. In this scenario, rice is said to be(1 point)
fiat money.
representative money.
currency.
commodity money.
Question 4
A) Elementary school students often trade food items at lunch in an effort to have the best lunch possible. In one elementary school, pudding cups have become so popular that they have become a unit of account. This means that(1 point)
a pudding cup will likely have the same purchasing power tomorrow as it does today.
a pudding cup entitles its holder to a share of some valuable asset.
students are eager to accept pudding cups in exchange for any lunch item.
the price of other lunch items is expressed in quantities of pudding cups.
Question 5
A) Which of the following illustrates the difference between the U.S. dollar, a form of fiat money, and a U.S. gold certificate, a representative currency?(1 point)
A U.S. dollar does not have value in addition to its value as money.
A gold certificate does not represent a claim to some specific asset.
A gold certificate does not have value in addition to its value as money.
A U.S. dollar does not represent a claim to some specific asset.
The correct answers are:
C. Sarah trades her apple for Ava's bag of chips.
D. medium of exchange.
D. commodity money.
D. the price of other lunch items is expressed in quantities of pudding cups.
D. A U.S. dollar does not represent a claim to some specific asset.
__ involves having a variety of investments in your __
Answer
Diverting, and Savings
Explanation:
That dummy said say hey. Like that's the answer what a loser. I hope this is right sorry if its wrong that's what i got.
Answer:
Diverting involves having a variety of investments in your savings.
Explanation:
Assuming the Scampini Supplies Company recently purchased a new delivery truck. The new truck cost $22,500, and it is expected to generate net after-tax operating cash flows, including depreciation, of $6,250 per year. The truck has a 5-year expected life. The expected salvage values after tax adjustments for the truck are given below. The company's cost of capital is 12.5%.
a) The firm should not operate the truck until the end of its 5-year physical life because its optimal economic life is 3 years when the project yields a positive NPV.
b) The introduction of salvage values, in addition to operating cash flows, does not reduce the expected NPV and/or IRR of a project.
What is the net present value (NPV)?The net present value is the difference between the present value of cash inflows and the present value of cash outflows during the duration of a project.
We can compute the present value using the PV factor, table, or an online finance calculator.
In this situation, the NPV is computed for each different scenario; the details of the calculations are clearly indicated.
Expected Salvage Values:Year Annual Operating Salvage Present Net Present Value
Cash Flows Value Value of Scenarios
0 ($22,500) $22,500 Cash Flows $0
1 6,250 17,500 $5,556 ($1,389) [($6,250 + $17,500)/1.125 - $22,500]
2 6,250 14,000 4,937 ($949) [($6,250 +$14,000)/1.266 - $22,500 + $5,556]
3 6,250 11,000 4,389 $107 [$6,250 + 11,000)/1.424 - $22,500 + $5,556 + $4,937]
4 6,250 5,000 3,901 ($596) [$6,250 + $5,000)/1.602 - $22,500 + $5,556 + $4,937 + $4,389]
5 6,250 0 3,468 ($249) [$6,250 + $0)/1.802 - $22,500 + $5,556 + $4,937 + $4,389 + $3,901]
Learn more about the net present value at brainly.com/question/13228231
#SPJ1
Question Completion:Expected Salvage Values
Year Annual Operating Salvage
Cash Flows Value
0 ($22,500) $22,500
1 6,250 17,500
2 6,250 14,000
3 6,250 11,000
4 6,250 5,000
5 6,250 0
a. Should the firm operate the truck until the end of its 5-year physical life, or, if not, what is its optimal economic life?
b. Would the introduction of salvage values, in addition to operating cash flows, ever reduce the expected NPV and/or IRR of a project?
1. (15 points) A sales budget is given below for one of the products manufactured by the Key
Co.:
January
February
March
April
May
June
21,000 units
36,000 units
61,000 units
41,000 units
31,000 nits
25,000 units
The inventory of finished goods at the end of each month should equal 20% of the next month's
sales. However, on December 31 the finished goods inventory totaled only 4,000 units. Each unit
of product requires three specialized electrical switches. Since the production of these specialized
switches by Key's suppliers is sometimes irregular, the company has a policy of maintaining an
ending inventory at the end of each month equal to 30% of the next month's production needs.
This requirement had been met on January 1 of the current year.
Required:
a. Prepare a budget showing the required production each month for January, February, March,
and April
b. Prepare a budget showing the quantity of switches to be purchased each month for January,
February, and March.
Answer:
bkfsjbsF zc,bvjkhw 4ageyfubhjva kejdsl
Explanation:
Consider a simplified situation where you have two credit cards. Credit card 1 has a balance of $1,132 and has a 5% interest rate. Credit card 2 has a balance of $5,273 and a 14% interest rate. What is the best strategy to reduce your debt? (Assume consolidation, balance transfers, and other debt management strategies are not options)
Group of answer choices
Figure out the maximum amount of money you can afford to pay and pay it equally on both cards.
Pay the minimum on both cards.
Pay the minimum on card 1 and as much as possible on cart 2. When card 2 is paid off pay as much as possible on card 1.
Pay the minimum on card 2 and as much as possible on card 1. When card 1 is paid off pay as much as possible on card 2
Answer:
This is a question about what's often called the "avalanche method" versus the "snowball method" of paying off debt.
The avalanche method involves paying off the debt with the highest interest rate first, which minimizes the total interest you'll pay. The snowball method involves paying off the smallest debt first, which can provide a psychological boost, but may lead to paying more interest overall.
Given the balances and interest rates on these credit cards, you would save the most money by using the avalanche method. This is because Credit Card 2 has a much higher interest rate, and a balance that's also higher than Credit Card 1.
The more interest a balance accrues, the more you ultimately have to pay back. So, it's best to eliminate the highest-interest debt first if you're solely aiming to pay as little as possible in the long run.
Therefore, the best strategy in this case, to reduce your debt in the most cost-effective manner, is to:
"Pay the minimum on card 1 and as much as possible on card 2. When card 2 is paid off, pay as much as possible on card 1."
Note that this advice is focused on minimizing your total payments. There can be psychological benefits to paying off smaller debts first (the "snowball method") because it can feel like you're making more progress. But if you're looking to pay the least amount of money overall, focusing on the debt with the highest interest rate is the way to go.
The negative impact of HIV/AIDS in the workplace
HIV/AIDS has a significant negative impact on the workplace in several ways. Firstly, the illness can lead to absenteeism and decreased productivity as employees take time off work to receive treatment and care for their condition.
This can be particularly damaging in industries where staffing levels are critical, such as healthcare or emergency services. Additionally, the stigma associated with HIV/AIDS can result in discrimination against affected employees, which can lead to further absenteeism and decreased productivity. This discrimination can also result in the loss of skilled employees who are forced to leave their jobs due to discrimination.
Furthermore, the cost of providing medical and disability benefits to affected employees can be high, leading to financial strain on companies. This can also lead to increased healthcare costs and insurance premiums for other employees. Finally, the negative impact of HIV/AIDS on workplace morale and relationships cannot be overlooked.
Fear, misunderstanding, and discrimination can lead to a toxic workplace environment, which can impact the mental health and well-being of all employees. It is important for employers to prioritize education, prevention, and support for affected employees in order to mitigate the negative impact of HIV/AIDS in the workplace.
For more such questions on workplace
https://brainly.com/question/29618609
#SPJ11
Ken has always been a nonresident of California. On March 1, 2019, he sold a California rental property in an installment sale. During 2019 and 2020, he received installment proceeds comprised of capital gain income and interest income. Which of the following is incorrect regarding the capital gain income?
The incorrect statement regarding the capital gain income of Ken is D. California taxes the installment proceeds received by a nonresident to the extent the income from the sale was from a California source.
What is capital gain income?Ken's capital gain income is the increase in his California rental property's value. Capital gain is realized when Ken sells the property.
Two types of capital gain income:Short-term (one year or less)Long-term (more than one year).Sources of Capital Gain Income or Loss:
As profits from the sale of a capital asset, such as Ken's California rental property, shares of stock, a business, a parcel of land, or a work of art, capital gains are taxable. The opposite of a capital gain is called a capital loss. A capital loss arises when an asset is sold at price less than its basis value.
Answer Options:A. The capital gain income is taxable by California in both 2019 and 2020 because the property was located in California.
B. The capital gain income is taxable by California only in 2020 because the property was located in California.
C. The interest income is not taxable by California and has a source in Ken's state of residence.
D. California taxes the installment proceeds received by a nonresident to the extent the income from the sale was from a California source
Thus, the incorrect statement about the capital gain income is Option D.
Learn more about capital gains income and tax here: https://brainly.com/question/1259480
The WorldLight Company produces two light fixtures (products 1 and 2) that require both metal frame parts and electrical components. Management wants to determine how many units of each product to produce so as to maximize profit. For each unit of product 1, 1 unit of frame parts and 2 units of electrical components are required. For each unit of product 2, 3 units of frame parts and 2 units of electrical components are required. The company has 200 units of frame parts and 300 units of electrical components. Each unit of product 1 gives a profit of $1, and each unit of product 2, up to 60 units, gives a profit of $2. Any excess over 60 units of product 2 brings no profit, so such an excess has been ruled out.
Explanation:
I hope it helps I did it in power point presentation