OZ Ltd's share capital initially comprised of 300,000 ordinary shares and 100,000 preference shares. Further calls were made, and all except for 5,000 preference shares were received. These 5,000 shares were forfeited, and to restore the capital to its original amount, they were sold to an investment company at a lower price.
The given scenario involves the share capital of OZ Ltd as of 31 March 2019, which consisted of 300,000 ordinary shares at an issue price of $4 each, paid to $2.50, and 100,000 preference shares at an issue price of $4 each, paid to $2. A further call of $1.50 on ordinary shares and $2 on preference shares was made, which was duly received by all except for the 5,000 preference shares that were forfeited as of 30 June 2019.
To bring the capital back to the original amount of issued capital, the forfeited shares were offered to an investment company at a price of $3.50 per share paid to $4, and the transfer was completed on 30 September 2019. According to the company's constitution, shareholders' equity in forfeited shares must be refunded to them. Hence, on 31 October, the previous owner of forfeited shares received a refund cheque for the amount due, less selling costs of $720.
In summary, OZ Ltd's share capital initially comprised of 300,000 ordinary shares and 100,000 preference shares. Further calls were made, and all except for 5,000 preference shares were received. These 5,000 shares were forfeited, and to restore the capital to its original amount, they were sold to an investment company at a lower price. Finally, the previous owner of these forfeited shares received a refund cheque for the amount due, less selling costs.
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Josie and Zach are married. Josie is a material participant in a business that specializes in monetizing intellectual property. This business suffered a $250,000 taxable loss in 2022. Zach started a business two years ago in which he materially participates. The business suffered a taxable loss of $600,000 in 2022. What is Josie's and Zach's deductible loss from these activities for the year?
The deductible is 250000 and 600000 dollars
How to solve for the deductibleJosie's deductible loss from the intellectual property business will depend on the level of her participation in the business and her overall tax situation. If she is actively involved in the business and her share of losses exceeds her other sources of income, she may be able to deduct the full amount of the loss. However, if her other sources of income are significant, she may only be able to deduct a portion of the loss.
Assuming Josie can deduct the full amount of the $250,000 loss, her deductible loss would be $250,000.
For Zach, his deductible loss from the business will also depend on his level of participation and overall tax situation. If he materially participates in the business and the losses exceed his other sources of income, he may be able to deduct the full amount of the loss. However, if his other sources of income are significant, he may only be able to deduct a portion of the loss.
Assuming Zach can deduct the full amount of the $600,000 loss, his deductible loss would be $600,000.
It's worth noting that the deduction of business losses can be limited by various tax rules and regulations, such as the at-risk rules and passive activity loss rules, so it's always a good idea to consult with a tax professional to determine the exact deductible amount.
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Which are affected by the factors of production? Check all that apply.
A.) the demand of the item
B.) the availability of the item
C.) the cost of the item
D,) the quality of the item
E.) the popularity of the item
Answer:
A
C
D
Explanation:
without demand no reason to product it
The cost of a item also greatly affects it
and how well they can make it without being too expensive
the total export was 1 500 000 and the total import was 2 250 000 .. Calculate the balance of trade?
Answer:
-750,000
Explanation:
The export is generally the profit, or the amount gained from selling (either a service or a product). The import is the loss, as you pay for the commodity or service.
In this case:
Total import: 2 250 000
Total export: 1 500 000
2 250 000 - 1 500 000 = 750 000
The balance of trade is: -750,000 (or a loss of 750k).
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a lease security deposit received by a brokerage firm must be placed in an escrow account by the end of the:
The lease security deposit that is obtained by a brokerage firm must be deposited in an escrow account by the end of the third business day after receipt.
What is an escrow account?A financial tool that serves as a safeguard for both the buyer and the seller in a real estate transaction is an escrow account. The escrow account is a financial account that holds money and documents related to a real estate transaction until both parties' transaction terms and conditions have been fulfilled in full. This account is operated by a third party, often an escrow company.
What are some of the benefits of using an escrow account?One of the most significant advantages of using an escrow account in a real estate transaction is that it serves as a safeguard for both the buyer and the seller.
The following are some of the advantages of using an escrow account: It aids in the secure transfer of funds from the buyer to the seller. The escrow agent has no financial interest in the transaction, ensuring neutrality and impartiality. It lowers the risk of fraud and deceit. A third-party escrow agent provides safekeeping and protection for important transaction documents until the deal is complete.
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All of the following are considered examples of disreputable conduct for which a CPA can be disbarred or suspended except Directly or indirectly attempting to influence the official action of any employee of the Internal Revenue Service by use of threats or false accusations or by bestowing any gift, favor, or thing of value. Knowingly aiding and abetting another person to practice before the Internal Revenue Service during a period of suspension or disbarment. Misappropriation or failure to remit funds received from a client for the purpose of payment of taxes or other obligations due the United States. Failure to timely pay personal income taxes.
Answer:
Failure to timely pay personal income taxes.
Explanation:
Rules of Conduct
This is simply said to be a full stated guidance to aim to help an auditor in applying broad principles contained in AICPA's Code of Professional Conduct
These Disreputable conduct if commited by an attorney, certified public accountant, or enrolled practitioner, it can therefore lead to them being disbarred or suspended from practice before the Bureau.
Rules sometimes do changes over time due to the fact that members of profession encountered specific ethical dilemmas in complying with the principles of the code
There are 6 Principles of the AICPA Code of Professional Conduct. They cover:
1. Responsibilities
2. The Public Interest
3. Integrity
4. Objectivity
5. Due Care
6. Scope and Nature of Services
The disreputable conduct for which a CPA can be disbarred or suspended includes the following;
1. When they Directly or indirectly attempting to influence the official action of any employee of the Internal Revenue Service by use of threats or false accusations or by bestowing any gift, favor, or thing of value.
2. Knowingly aiding and abetting another person to practice before the Internal Revenue Service during a period of suspension or disbarment.
Concentrated ownership is when there are very few shareholders so that each one gets a. Share of the profits
Answer:
yes it was correct but i was in shields and i’m going on the right now so it is a
Explanation:
What is one major difference between income tax and sales tax?
A. Income tax is based on taxable income, while sales tax is based
on gross income.
B. Income tax is regressive, while sales tax is progressive.
C. Income tax is based on gross income, while sales tax is based on
taxable income.
D. Income tax is progressive, while sales tax is regressive.
Answer:
D. Income tax is progressive, while sales tax is regressive.
Explanation:
In a progressive tax system, the percentage of tax imposed increases as the taxable income rises. For income tax, progressive tax means an individual with a low income will be taxed using a lower rate compared to high earners. Progressive tax categorizes incomes into different income brackets depending on the level of income. The tax rate increases as one move from a low-income bracket to a higher one.
A regressive tax system charges a constant rate for everyone. Sales tax is a good example of a regressive tax. The tax on basic items, low-priced items, is at the same rate as expensive or high-end items. It means that low-income earners are taxed the same rate as high-income earners for all items purchased.
Now that Rory understands how comprehensive income is, he is wondering if he needs to record the $500 scholarship he was awarded from his local community to help pay his college tuition. If so, in which category of income should it be recorded: earned income, unearned income, or received income from government programs
Whether or not Rory needs to record the $500 For more questions on Scholarship he was awarded for college tuition will depend on whether it is considered taxable income or not.
In general, scholarships and grants used for Assuming that the scholarship money is tax-free, education expenses such as tuition and books are tax-free.
However, if the scholarship money is used for non-qualified expenses such as room and board, it may be taxable.
Assuming that the scholarship money is tax-free, Rory does not need to record it as income. It is not considered earned income, unearned income, or income received from government programs.
However, if any portion of the scholarship money is taxable, Rory would need to record it as income in the appropriate category depending on how it is classified.
If it is earned through work, it would be recorded as earned income. If it is awarded without any work required, it would be recorded as unearned income.
If it is received through a government program, it would be recorded as income received from government programs.
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The management representation letter's date should coincide with the:
a. balance sheet date.
b. date of the engagement letter.
c. date of the auditor's report.
d. date of the latest subsequent events referred to, in the notes to the financial statements.
The management representation letter's date should coincide with the balance sheet date.
The management representation letter is a document signed by the management of a company to provide written confirmation and representations regarding the financial statements and other related matters.
The balance sheet date represents the end of the reporting period, usually the fiscal year-end, and reflects the company's financial position at that particular moment. Therefore, the management representation letter should be dated to coincide with this balance sheet date to ensure the representations are accurate and relevant to the specific financial period being reported.
The other options provided in the question are not directly associated with the timing of the management representation letter. The date of the engagement letter (option b) signifies the start of the engagement between the auditor and the company. The date of the auditor's report (option c) relates to the issuance date of the auditor's report, and the date of the latest subsequent events referred to in the notes to the financial statements (option d) pertains to events occurring after the balance sheet date.
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what can be an impediment to the globalization of production?
Globalization of production can be impeded by factors such as protectionist trade policies and cultural differences.
There are several potential impediments to the globalization of production. These include:
Protectionist trade policies: Governments may impose tariffs or other trade barriers to protect domestic industries, which can impede the globalization of production.Labor and environmental regulations: Different countries have varying labor and environmental standards, which can make it difficult for companies to produce goods in a consistent manner across different countries.Cultural differences: Cultural differences between countries can make it difficult for companies to effectively produce and market products in different parts of the world.Infrastructure limitations: Poor infrastructure in some countries can make it difficult for companies to produce and transport goods globally.See more about globalization of production at https://brainly.com/question/30371769.
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individuals in different segments should have ______ within the segment and ______ across the segments.
Answer:
similarities; differences Is correct answer
Explanation:
individuals in different segments should have similarities within the segment and differences across the segments.
(Hope this helps can I pls have brainlist (crown)☺️)
Marcus started the brainstorming process by jotting down some ideas. What is his next step?
Redo the brainstorming process.
Find the first solution.
Organize his ideas into categories.
Create a list of pros and cons.
Answer:
Organize his ideas into categories.
Explanation:
I just did it ;)
Marcus started the brainstorming process by jotting down some ideas and his next step is organizing his ideas into categories. The correct option is c.
What is the brainstorming process?Brainstorming is a method of generating ideas and sharing knowledge to solve a particular commercial or technical problem, in which participants are encouraged to think without interruption.
Brainstorming is a group activity where each participant shares their ideas as soon as they come to mind. After the session, ideas are categorised and ranked for follow-on action. When planning a brainstorming session it is important to define clearly the topic to be addressed. A topic which is too specific can constrict thinking, while an ill-defined topic will not generate enough directly applicable ideas. The composition of the brainstorming group is important too.
It should include people linked directly with the subject as well as those who can contribute novel and unexpected ideas.
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problem 15-07 (algorithmic) refer to the gasoline sales time series data in the given table. week sales (1000s of gallons) 1 17 2 22 3 18 4 24 5 18 6 15 7 20 8 19 9 23 10 21 11 15 12 22
The given gasoline sales time series data is as follows:
Week: 1 2 3 4 5 6 7 8 9 10 11 12
Sales: 17 22 18 24 18 15 20 19 23 21 15 22.
To solve problem 15-07, we can analyze the gasoline sales time series provided in the table. Here is the given data:
Week Sales (1000s of gallons)
1 17
2 22
3 18
4 24
5 18
6 15
7 20
8 19
9 23
10 21
11 15
12 22
a. To calculate the 3-week moving average, we take the average of the sales for each consecutive 3-week period. Starting from week 3, we have:
Week 3 Moving Average = (17 + 22 + 18) / 3 = 57 / 3 = 19
Week 4 Moving Average = (22 + 18 + 24) / 3 = 64 / 3 ≈ 21.33
Week 5 Moving Average = (18 + 24 + 18) / 3 = 60 / 3 = 20
Proceeding similarly, we can calculate the moving average for the remaining weeks.
b. To calculate the 5-week weighted moving average, we assign weights to each week's sales and calculate the weighted average. Let's assume the weights are as follows: 1, 2, 3, 4, and 5 for the most recent to the least recent week.
Week 5-Weighted Moving Average = (118 + 224 + 318 + 415 + 5*20) / (1 + 2 + 3 + 4 + 5) = (18 + 48 + 54 + 60 + 100) / 15 ≈ 19.27
Similarly, we can calculate the weighted moving average for the remaining weeks.
These calculations will provide the 3-week moving average and 5-week weighted moving average for the gasoline sales time series data.
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Technician a says that in a worm gear steering system, most excessive steering free play is usually found in the gearbox. technician b says that in a rack-and-pinion steering system, excessive free play can be found in the bushings. who is correct? choose one answer. a. technician a b. technician b c. both technician a and technician b d. neither technician a nor technician b
Answer:
b. technician b
Explanation:
Worm gear is the arrangement of gear like a worm in the vehicle. It has rack and pinion steering system. This setup provides smooth drive experience to the drivers. The excessive freeplay in such a setup is found in bushings.
What is working capital?
Answer:
Working capital, also called net working capital (NWC), represents the difference between a company’s current assets and current liabilities.
NWC is a measure of a company’s liquidity and short-term financial health.
A company has negative NWC if its ratio of current assets to liabilities is less than one.
Positive NWC indicates that a company can fund its current operations and invest in future activities and growth.
High NWC isn’t always a good thing. It might indicate that the business has too much inventory or is not investing its excess cash.
Explanation:
can you me as brainliest if its right? i just need a few more to rank up! ^-^
Also have a great day and good luck in your studies!
answer:
the capital of a business which is used in it day-to-day trading operation, calculated as the current assets minus the current liabilities
Remy is applying for a job where the employer asks that a cover letter and résumé be submitted. Remy should: a. Attach letters of recommendation also b. Send the cover letter first, and the résumé later c. Submit only the cover letter and résumé d. Send the cover letter as an attachment.
Remy is applying for a job where the employer asks that a cover letter and résumé be submitted, then Remy has to send the cover letter as an attachment.
How the cover letter is submitted with the resume?A resume is a document that is applied in the field of introduction. It shows all the detailed information about the particular person that wants to apply for a job.
If a person includes a cover letter with a resume, then it shows off their communication and writing talents.
In the above case, when Remy is applying for a job and the employer asks that a cover letter and résumé be submitted, then he attached the cover letter with the resume.
A cover letter is a paper document that is sent concurrently with the CV (curriculum vitae), and the intention of this letter is to create a matter of why a person should be employed.
It distinguishes a particular person from other candidates, by allowing him to express how curious you are in the position.
Therefore, option D is correct.
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John F. Kennedy believed that a leader should be ?
Answer:
kn
Explanation:
Answer: B
Explanation:
a factor of production is the same as: a. the price of a good. b. a resource. c. an opportunity cost. d. the amount of a good produced.
A factor of production is the same as. b. a resource.
What is factor of production ?Factor of production can be defined as all what a business owner must put into consideration when wanting to produce goods and service.
This factor or production are resources that are needed when a company want to produce its goods and services and this factor of production includes the following :
CapitalLabor LandEntrepreneurshipTherefore the correct option is B.
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Question 13 of 20
What would be the most likely consequence of making an
illegal turn while driving?
A. Collateral consequences
OB. Probation
C. Incarceration
D. A fine
Fine would be the most likely consequence of making an illegal turn while driving. The correct answer is option (D).
What is illegal turn while driving?When a driver makes an unsafe turn, it is regarded to be unlawful. These manoeuvres may involve doing a U-turn at an intersection with a "No U-turn" sign when the light is red or turning on red when there is a "No Turn On Red" sign.a railroad crossing, or nearby.
By going through a separating part, curb, strip of land, or two sets of the double yellow lines on a divided highway. if a curve, slope, rain, fog, or other obstruction prevents you from seeing 200 feet for each direction clearly They are prohibited because of how deadly they are, claims Arias. On how to merge back onto the freeway, only emergency cars are taught.
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How is Earth's magnetic field generated? What evidence do we have that Earth has a magnetic field surrounding the planet?
Earths magnetic field is generated by the planet's core.
Our evidence is freaking gravity. Without the magnetic field we would all be flying out into space and have no oxygen.
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Compare and contrast lasso and ridge regression. what are the goals of each method? how are they similar? how are they different?
Lasso and Ridge regression are two commonly used regularization techniques in linear regression analysis.
The goal of Ridge regression is to minimize the sum of squared residuals while also adding a penalty term to the regression coefficients. The penalty term is the square of the magnitude of the coefficients, multiplied by a constant parameter. Ridge regression shrinks the coefficients towards zero but does not eliminate them entirely.On the other hand, Lasso regression aims to minimize the sum of squared residuals while also adding a penalty term that is equal to the absolute value of the coefficients, multiplied by a constant parameter.
Lasso regression not only shrinks the coefficients towards zero but also forces some of the coefficients to become exactly zero, effectively performing feature selection. Both Ridge and Lasso regression are similar in that they add a penalty term to the regression coefficients to prevent overfitting and improve model performance. However, they differ in the type of penalty term used and the degree to which they shrink the coefficients. Ridge regression generally works well when there are many variables with small to medium-sized effects, while Lasso regression is useful when there are many variables with only a few of them having large effects.
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true/false. the 2007-2009 recession was a clear example of the impact: answer unselected of a shift to the left in the long-run aggregate supply on the economy unselected that a decrease in aggregate demand can have on the economy unselected of a positive supply shock on the economy
The statement the 2007-2009 recession was a clear example of the impact; of a shift to the left in the long-run aggregate supply on the economy is false because the 2007-2009 recession was a clear example of the impact; that a decrease in aggregate demand can have on the economy unselected of a positive supply shock on the economy.
The 2007-2009 recession, also known as the Great Recession, was primarily caused by a decrease in aggregate demand. This decrease in demand led to lower production, higher unemployment, and an overall contraction in the economy. The recession was not a result of a shift in the long-run aggregate supply or a positive supply shock.
Therefore, the true statement is the 2007-2009 recession was a clear example of the impact; that a decrease in aggregate demand can have on the economy unselected of a positive supply shock on the economy.
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You make an initial deposit of $46.82 into your checking account. A week later you deposit your paycheck of $78.36. You write checks for $16.93, $26.25 and use your debit card to purchase items totaling $9.27 and $6.95. How much money do you have in your account now? *
Answer:
$65.78
Explanation:
The deposits to the accounts are
initial deposit $46.82
paycheck $78.36
Total deposits = $125.18
Withdrawals
checks $16.93,
$26.25
purchases $9.27
$6.95.
$59.4
Balance will be $125.18- $59.4
=$65.78
A company that views pricing as a static element in a business decision most probably:_______.
a. places a high priority on foreign business.
b. sets prices to achieve specific objectives such as targeted return on profit.
c. views export sales as active contributions to sales volume.
d. views domestic sales as an insignificant source of revenue. places a low priority on foreign business.
The company with the view of pricing as a static element in its business decision-making probably b. sets prices to achieve ...
Such a company does not place a high or low priority on foreign business compared to the high priority it sets on prices. This company does not view export sales as active contributions to its sales volume or domestic sales as an insignificant revenue source.
Thus, the company with a pricing-based decision element has some targeted returns.
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Have a clearance of how many inches in the left side of a vehicle
A bottle of Gatorade costs $1, and a
box of cookies cost $2. If you have a
budget to spend on these items of $12,
what is the optimal amount of each
product to buy to maximize your utility?
Note that to maximize utility with a budget of $12, buy 6 bottles of Gatorade and 3 boxes of cookies, spending a total of $12 and achieving the optimal balance of the two products to maximize utility.
What is Utility?Note that Utility refers to the satisfaction or usefulness that a consumer derives from consuming a good or service.
To maximize utility, the consumer should allocate their budget in such a way that the marginal utility per dollar spent on both products is equal.
If a bottle of Gatorade costs $1 and a box of cookies cost $2, the consumer should buy more bottles of Gatorade as it has a higher marginal utility per dollar spent compared to cookies.
The optimal allocation of budget would be to buy 8 bottles of Gatorade and 2 boxes of cookies, which would add up to a total cost of $12 and maximize the consumer's utility. This is based on the assumption that the consumer's utility function follows the principle of diminishing marginal utility.
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Which action would a company consider an ethical use of social media by its employees?
Letting friends on social media know about a publicly posted job opening would be considered as an ethical use of social media by its employees. Everyone who works for a firm should be aware that whatever they post on social media could have an impact on their respective businesses. Their good deeds may, to some extent, benefit their business.
On the other hand, the humiliating behavior or misdeeds of employees can harm the standing of the company they work for. Utilizing social media platforms correctly involves more than just avoiding common blunders. The ethics of using social media are not just about passive behavior, even though the majority of it is about avoiding doing certain things.
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Janis owns a hair salon. This week, she made a flyer that offered new customers a 10 percent discount and posted it prominently on the salon’s front door. What aspect of marketing BEST describes the discount Janis is offering? (
1 point) Responses
a.) a promotion
b.) an advertisement
c.) public relations message
D.) a referral program
The part of marketing that BEST characterises the deal Janis is providing is a promotion.(option a)
How would you define marketing?Marketing refers to the act of discovering, developing, and providing value to satisfy a target market's needs in terms of products and services, which may also involve choosing a target audience.
To generate interest in a company's goods or services, marketing's primary goal is to attract customers. This is accomplished by market research, analysis, and consideration of a company's ideal clients' interests, as well as by luring them in with messaging that would be instructive and beneficial to the target market.
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Carlos needs to combine words in a First Name and a Last Name column. Which of the following functions should he use
Answer:
with space: =A2&" "&B2
without space: =CONCATENATE(A2,B2)
Explanation:
When using Microsoft Excel the function that you would want to use would be the following
=A2&" "&B2
In this function, you will be combining the text in cell A2 and B2 with a space in the middle, you can change to the cells that you want and simply add &" "& in between them to combine them with a space.
If you simply want to combine the words with no space in between them you can use the concantenate function which combines words in two cells into one but without space.
=CONCATENATE(A2,B2)
ECONOMICS!HELP!!!!!!!