An entry to close revenue and contra cost of good sold accounts will include credit to income summary.
The income summary accounts is a temporary account into which include all income statement revenue and expense accounts are transferred at the end of the accounting period.
The cost of goods sold refers to an expense account rather than a contra-revenue account. The allowance , sales, and returns which are tracked and the gross revenue is collected.
These terms allowance, sales, and returns are deducted from the revenue to arrive at the net revenue.
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The total annual ordering cost (SD/Q) when ordering EOQ is 7,052 dollars. Caring cost per unit per year (H) is 11 dollars. Compute EOQ. Enter your answer as a whole number with NO decimal point.
The economic order amount is a metric that addresses the ideal request size to limit costs for the business. The interest is how much stock is utilized each year or the number of units that are sold each year. Monetary request amount is a valuable recipe for organizations of all sizes and types that request and hold stock. Under EOQ, annual ordering cost = annual ordering cost.
Annual ordering cost = (D/Q) *S
Annual carrying cost = (Q/2) *H
Given that annual ordering cost = 7052
So, annual carrying cost = (Q/2) * H = 7052
Given H = carrying cost = 11
so Q/2 = 7052/11 = 641.09
So Q = 641.09*2 = 1282.18 ~ 1282
EOQ = 1282.
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Ultimate Sportswear has $290,000 of 6% noncumulative, nonparticipating, preferred stock outstanding. Ultimate Sportswear also has $690,000 of common stock outstanding. In the company's first year of operation, no dividends were paid. During the second year, the company paid cash dividends of $49,000. This dividend should be distributed as follows:
$24,500 preferred; $24,500 common.
$26,000 preferred; $23,000 common.
$17,400 preferred; $31,600 common.
$0 preferred; $49,000 common.
$12,250 preferred; $36,750 common.
Both preference stockholders and common stockholders receive the dividend. The fact that preferred stockholders have precedence over various payments distinguishes preferred stocks from common stocks.
The best choice is the preferred amount of $8,400; $25,600 in common
Dividend on preferred stock equals preferred stock minus dividend.
What exactly are dividends, exactly?
A dividend is a cash or other reward that a business gives to its shareholders. Dividends can be paid out in cash, in stocks, or in any other way you can think of. The dividend of a company is decided by the board of directors, and shareholders must approve it.
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perform a horizontal analysis providing both the amount and percentage change. (round percentage answers to 1 decimal place. decreases should be indicated by a minus sign.) year 2021 2020 cash $ 272,640 $ 710,000 accounts receivable 274,010 110,000 inventory 691,740 610,000 long-term assets 3,246,490 2,210,000 total assets $ 4,484,880 $ 3,640,000
Financial data is compared horizontally over time, generally from previous quarters or years. When performing a horizontal analysis, financial information from a previous statement,
like the income statement, is compared. One should search for variances, such as higher or lower earnings, while comparing this prior data.A horizontal analysis of financial accounts is known as vertical analysis. In the financial statement, each line item is represented as a percentage of another line item. As an illustration, each line item on an income statement will be listed as a percentage of gross sales. Other names for this method include normalization[6] and common-sizing
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What negotiation approach is described by the following situation: Sean has some extra cash and he wants to buy a new car. Sarah is desperate for cash so she puts her car up for sale, and Sean exploits this to get a great price.
a) integrative
b) distributive
c) BANTA
d) win-lose
Distributive t negotiation approach is described by the following situation: Sean has some extra cash and he wants to buy a new car. Sarah is desperate for cash so she puts her car up for sale, and Sean exploits this to get a great price.
Distributive bargaining is a type of negotiation in which both sides agree to share existing resources with each other for separation, and it is mostly a win-lose situation, while integrated bargaining is a type in which both sides try to further expand existing resources. Moving forward to a collaborative process, it is always a win-win situation. Distributive negotiations occur when the interests or goals of the parties are the same and conflict with each other.
These conditions are characterized by a limited or fixed supply of resources. The other party's interests or goals are in direct conflict with your own. In plain English, the parties try to claim the same value; Thus, the value obtained by one party means that the other party receives less value in the negotiation.
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factors creating the global marketplace include all of the following except lowering costs of doing business globally privatization and globalization of government services growth in domestic businesses satellites and computer technology
factors creating the global marketplace include all of the following except growth in domestic businesses.
A market or market place is a regular gathering area where people come to buy and sell food, cattle, and other items. A marketplace may be referred to as a souk or bazaar in different parts of the world. While some markets are open every day and are referred to as permanent markets, others are conducted either once a week or on infrequently occurring days like festival days and are referred to as periodic markets. The population, culture, environmental factors, and physical circumstances of a region all affect the shape that a market takes. As long as people have traded, there have been markets. Bazaars are thought to have first appeared in Persia and then expanded throughout the rest of the Middle East and Europe.
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nrg inc. currently has $331 million of debt outstanding. it's cost of debt is 5.5% and its marginal corporate tax rate is 25%. estimate the tax shield for nrg at the end of the year (don't calculate the present value). express your answer in $-millions and round to two decimals (do not include the $-sign in your answer).
Tax shield= (interest payment* tax rate)
= (499*4.6%)*25%
= 5.7385 Million
The tax shield will be 5.7385 Million.
A tax is a obligatory economic fee or a few other kind of levy imposed on a taxpayer (an man or woman or prison entity) through a governmental enterprise so that you can fund government spending and numerous public costs (local, local, or national),[2] and tax compliance refers to policy moves and individual behaviour aimed at making sure that taxpayers are paying the proper quantity of tax at the proper time and securing the precise tax allowances and tax reliefs. the primary acknowledged taxation took place in historical Egypt round 3000–2800 BC.
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meg o'brien received a gift of some small-scale jewelry manufacturing equipment that her father had used for personal purposes for many years. her father originally purchased the equipment for $1,500. because the equipment is out of production and no longer available, the property is currently worth $4,000. meg has decided to begin a new jewelry manufacturing trade or business. points What is her depreciable basis for depreciating the equipment?
Because the cost basis, $1,500, is less than the fair market value, $4,000. As a result, M's depreciable basis for jewelry equipment is $1,500.
The depreciation basis is the portion of the cost of a fixed asset that can be depreciated over time. Less the asset's expected salvage value at the end of its useful life, this is the asset's acquisition cost.
The acquisition cost of an asset is the purchase price plus the cost of putting the asset into service. As a result, in-person improvements (such as wiring or a concrete pad for the asset), installation fees, and testing costs can all be included in the acquisition cost.
Many businesses intend to use an asset once and then discard it. If this is the case, they assume that there will be no salvage value, in which case an asset's depreciation basis is the same as its cost. The standard approach is to use no salvage value in the derivation of the depreciation basis because it reduces the complexity of the depreciation calculation.
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High levels of inflation ________ the real value of money and, hence, ________ short-run equilibrium output.
High levels of inflation reduce the real value of money and, hence, decreases short-run equilibrium output.
So, reduce and decrease would be correct answer.
Price increases, or inflation, can be considered of as the gradual loss of purchasing power. The average price increase of a selection of products and services over time can serve as a proxy for the rate at which buying power declines. A unit of currency effectively buys less as a result of the increase in pricing, which is sometimes stated as a percentage. Deflation, which happens when prices fall and buying power rises, can be compared to inflation.
An economy is said to be in short run equilibrium when the level of aggregate output demanded is equal to the level of aggregate output supplied.
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Indicate where each item would appear on a statement of cash flows using the indirect method by placing an X in the appropriate column(s). (More than one column may be used.) Statement of Cash Flows Noncash Investing & Financing Activities Not Reported on Statement or In Notes Operating Activities Investing Activities Financing Activities a. Declared and paid a cash dividend b. Recorded depreciation expense c. Paid cash to settle long-term note payable d. Prepaid expenses increased in the year e. Accounts receivable decreased in the year
f. Purchased land by issuing common stock 9. Inventory increased in the year h. Sold equipment for cash, yielding a loss
i. Accounts payable decreased in the year j. Income taxes payable increased in the year
The identification of where each item would appear on a statement of cash flows goes as:
a. Declared and paid a cash dividend - Financing activity
b. Recorded depreciation expense - Operating activity
c. Paid cash to settle long-term note payable - Financing activity
d. Prepaid expenses increased in the year - Noncash Investing & Financing Activities
e. Accounts receivable decreased in the year - Operating activity
f. Purchased land by issuing common stock - Financing activity
g. Inventory increased in the year - Operating activities.
h. Sold equipment for cash, yielding a loss - Investing activities
i. Accounts payable decreased in the year - Operating activity
j. Income taxes payable increased in the year - Operating activities.
What is the statement of cash flows?In accounting, the purpose of cash flow statement is to provide detailed picture of what happened to a business's cash during a specified period known as the accounting period. Its also tells about an organization's ability to operate in the short and long term based on how much cash is flowing into and out of the business.
In this context, the statement of cash flows are designed to show the relationship of net income to changes in the company's cash, evaluate management decisions and help predict future cash flows.
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duski, a very expensive brand of clothing and accessories, promotes its products by using advertisements that feature beautiful women clothed in its brands. given this information, which of the following advertising appeals is used by duski?
Vanity and egoism is the advertising appeal used by duski to advertise its expensive brand.
Vanity and Egoism advert is a type of advertisement used for highly expensive and conspicuous goods so that it can appeal to peoples vanities and ego.
Some of those products are purchased to show class and societal status as well as to display flamboyant life style. Such product could be an identity, so the logo or brand name of such products are placed where it will be clearly visible. For example a polo with a Gucci logo placed on the chest.
Therefore, duski using Vanity and egoism advertisement appeal.
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when hiring temporary workers, realistic job previews are most helpful so that upon being hired, temporary employees understand the job and organization and can begin successful performance immediately. TRUE OR FALSE
This assertion is false.
The transient group of workers goes through many names: temps, contract workers, consultants, freelancers, seasonal workers and interns. But anything they're called, they give agencies flexibility when everlasting personnel go out on leave, commercial enterprise fluctuates and at some point of instances of elevated non permanent or seasonal needs.
What is an example of a brief job?In contrast, a transient employee does not have a ordinary schedule and only works for a specified quantity of time. For example, a company might hire extra sales clerks around the wintry weather holidays.
What is an gain of the use of transient workers?Temporary workers assist decrease standard staffing costs, due to the fact their presence can hold your everyday personnel completely productive, however no longer overworked. The capability to “try out” attainable future hires.
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Texas's approach to regulation of professional licensing regulations is considered less friendly to business.
Texas has a good regulatory environment and neither a personal nor corporate state income tax. Texas has been named "the #1 state for business" by Chief Executive Magazine for 18 years running. Amazon, Tesla, HP, and Oracle have all relocated to Texas or grown their businesses there.
Texas competes with other states for new corporate initiatives, although Texas has a larger, more talented, and younger labor pool than those places. Texas firms have access to a talent pipeline that will enable them to succeed both now and in the future thanks to the younger average age of the state's workforce.
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the information processing errors made the investor misestimate the true probabilities of events or the return rates. that's why they make the investors misestimate the prices. for example, investors may be overconfidence persons, so they overestimate prices. or may conservatism persons, so they underestimate the prices, or they have forecasting errors, and their assumptions in their models are totally wrong.
Errors in information processing can lead investors to misestimate the true probabilities of possible events or associated rates of return.
What kind of processing is that?The term "processing" refers to a sophisticated procedure or treatment, such as the preparation of coffee beans for brewing. The term "processing" is frequently used to describe the steps taken to prepare food or other products for sale or consumption.
Are processing and pending the same thing?Processing entails submitting the transaction instructions for debiting the borrower's funds to the ACH network. Pending refers to a planned payment for which the ACH network has not yet received instructions to debit the borrower.
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Generally speaking, as a firm progresses through its industry life cycle, you would expect the present value of its growth opportunities (PVGO) to as a percentage of its stock price per share. stay the same decrease O No typical pattern can be expected. o increase
Generally speaking, as a firm progresses through its industry life cycle, you would expect the present value of its growth opportunities (PVGO) to as a percentage of its stock price per share decrease.
The present value of growth opportunities (PVGO) is a valuation metric used for growth equities in corporate finance. It stands for the portion of the company's stock value that reflects (anticipated) earnings growth.
A lower proportion of PVGO typically appears in the share price of more established businesses that are in the lead in their industry cycle. This is due to investors' reduced expectations of its growth prospects compared to those of newly emerging growing enterprises.
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Officers knock on a door of an apartment being rented by a male suspect. A female opens the door and the officers ask her if the suspect is home. She says, "Not right now," but the officers don't believe her and want permission to enter and look for themselves. They have no warrant or other justification. They should first
The answer to the question of whether the police can search your home without a warrant is "Yes". The police can enter your private residence or office without a warrant, but only under certain circumstances.
What is a Search Warrant?A search warrant is a court order issued by a magistrate, judge or court authorizing law enforcement officers to search a person, place or vehicle for evidence of a crime and to seize any illegal items or evidence of a crime, if they find something. In order to obtain a search warrant, the police must convince the judge that there is evidence of a crime there and if the judge is convinced, he will issue the warrant and the document should be special, because it should be clearly stated where it is being done. The exact search should be done, including the specific date and time. In India, Article 19 (Right to Liberty) and Article 20 (3) (Protection against self-incrimination) of the Constitution of India provide protection to the accused from testifying against them which is meant to protect citizens from inappropriate research.
The law usually makes an exception to the search as section 165 of the code is established as an exception to this general law of investigation because it is recognized that in some special cases of urgency it is necessary to allow the police officer to conduct and research without warrant.
The answer to the question of whether the police can search your home without a warrant is "Yes". The police can enter your private residence or office without a warrant, but only under certain circumstances.
The reasons why a police officer does not need a search warrant to conduct a search are described in section 165, and the reasons are as follows:
1) Whenever the officer in charge of a police station or police station is conducting an investigation, he has reasonable grounds to believe that anything relevant to the purpose of conducting an investigation into any crime given permission to conduct research, he can be found anywhere and this can happen. If the object cannot be found in his opinion without delay without search, such officer may search for such object in any place within the limits of such station.
2) Proceeding under sub section (1), shall if practicable, Police officer will conduct the search in person.
3) If police officer is not able to conduct the search in person and also there is no other competent person to make the search at that time, he may, after recording in writing his reasons for so doing, require any officer subordinate to make the search and order him to search for such thing in such place.
4) If a police officer remained outside the house while the search was being made inside by some subordinate officer, the search was not held to be illegal.
5) Copies of any record that is made under sub section (1) of this section shall be sent to the nearest magistrate who is empowered to take cognizance of the offence.
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Assume, for Vietnam, that the domestic price of textiles without international trade is lower than the world price of textiles. This suggests that in the production of textiles, a. Vietnam has a comparative advantage over other countries and Vietnam will import textiles. b. Vietnam has a comparative advantage over other countries and Vietnam will export textiles. c. other countries have a comparative advantage over Vietnam and Vietnam will import textiles d. other countries have a comparative advantage over Vietnam and Vietnam will export textiles. 8. Which of the following would affect the GDP for the U.S.? a. The purchase of tutoring services from a tutor who holds a foreign citizenship but resides within the U.S. b. The purchase of a new edition of a foreign textbook that was produced in a different country. c. The purchase of ink and paper supplies by a textbook company for the production of new textbooks not produced yet. d. The purchase of a used textbook from a friend who took the same class last year. Figure 1 The above figure describes the Chinese Market for pencil sharpeners. 9. Refer to Figure 1. With no international trade a. the equilibrium price is $12 and the equilibrium quantity is 300. b. the equilibrium price is $16 and the equilibrium quantity is 200 c. the equilibrium price is $16 and the equilibrium quantity is 300 d. the equilibrium price is $16 and the equilibrium quantity is 450.
Other countries have a comparative advantage over Vietnam and Vietnam will import textiles.
Option A is correct .
When compared to other nations, a country has comparative advantage if it provides a good or service at a lower opportunity cost.
The fact that textiles are more expensive in Vietnam as compared to other nations demonstrates that the country lacks a comparative advantage in textile production. In order to produce other items for which Vietnam has a comparative advantage, the country should purchase textiles.
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The correct question is :
Assume, for Vietnam, that the domestic price of textiles without international trade is higher than the world price of textiles. This suggests that, in the production of textiles
a. other countries have a comparative advantage over Vietnam and Vietnam will import textiles.
b. Vietnam has a comparative advantage over other countries and Vietnam will export textiles.
c. Vietnam has a comparative advantage over other countries and Vietnam will import textiles.
d. other countries have a comparative advantage over Vietnam and Vietnam will export textiles
you've reached the maximum $2,500 in combined grocery store, wholesale club, and choice category purchases this quarter.
Customers may earn over the 1% cashback rate upon up to $2,500 in purchases each quarter in the bonus categories of the Bank of America Customized Cash Rewards program. The highest total purchase this quarter from food stores, wholesale clubs, and choice categories is $2,500.
No question has been given. These are the only conditions that apply to Bank of America Customized Cash Rewards. The Bank of America Customized Cash Rewards card allows for additional flexibility by providing an excellent rewards rate on a category of the user's choice. The complete rate of rewards is as follows:
3% cashback on a selected category (home improvements and furnishings, dining, online shopping, drugstore shopping, and travel).2% cashback on purchases made at grocery stores and wholesale clubs.Spending cap of $2,500 per quarter on the 2% or 3% categories.1% back on further purchases.Learn more about cash back on purchases here: brainly.com/question/28295046
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paul drives a truck as an employee for quick delivery, inc. paul would most likely be considered acting outside of the scope of her employment if he group of answer choices crashed into a car at the airport while off-duty hit a pedestrian in a parking lot during a working lunch ran over an attendant at a gas station while refueling his company truck smashed into a store-front window while driving on-duty
A truck or lorry is a type of automobile made to move objects, carry specific payloads, or carry out other practical tasks. Trucks come in a wide range of sizes, capacities, and configurations,
but the vast majority have body-on-frame construction and a cabin that is separate from the vehicle's payload. Smaller variations could share mechanical similarities with some cars. Commercial truck, such waste trucks, fire trucks, concrete mixers, and suction excavators, can be quite strong and big, and they can be designed to be equipped with specific equipment. A commercial vehicle without a trailer or additional articulation is technically referred to as a "straight truck" in American English, while a vehicle created expressly to tow a trailer is referred to as a "tractor" instead of a truck. [1]
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a home is sold at public auction (foreclosure sale). the proceeds of this sale will first be used to pay: real estate taxes mortgage liens second mortgage liens sheriff's cost of sale
As per the public auction, the proceeds of this sale will first be used to pay is sheriff's cost of sale
What is meant by public auction?
In general terms, public auction means either a tangible event at a public location or an electronic event which is advertised and made available to the public via the Internet.
Here we have a home is sold at public auction (foreclosure sale). and we need to find the proceeds of this sale will first be used to pay
Here we know that the the public auction was take place while the real property taxes would be the first lien to be paid, the sheriff's cost of sale is the first item to be paid from foreclosure proceeds.
And we have to beware of the question that asks, "which is the first lien to be paid?" and in that instance, the real property taxes would be the first lien.
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Assume that the supply of corn is relatively price inelastic, while the demand for corn is relatively price elastic. If the government imposes a per-unit excise tax on the production of corn, the incidence of the tax will fall
more on sellers than on buyers
E) Terms in this set If supply is more inelastic than demand, sellers bear the majority of the tax burden, and demand is more inelastic than supply.
Customers are more likely to reduce their demand rather than increase prices if the demand curve is more elastic.
What will happen to total revenue if there is an inelastic price elasticity of demand?A decrease in price will result in a decrease in total revenue if demand is inelastic, whereas a rise in price will result in an increase in total revenue. When prices rise or fall, total revenue stays the same if demand is unit elastic. measures how well sellers respond to changes in a product's price.
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Full Question Attached with image
Ms. Wallender, your boss, wants to hire a new information technology (IT) worker to redesign the company website. She asks you to prepare a report on IT salaries, so she will know what wages to offer the new IT employee. How should you tirit the scope of the problem you are trying to solve? Check all that apply. O Conduct a review of IT salaries nationwide. O Look at IT salaries in your local area. O Avold defining salary because it is a hot-button issue. O Review the salaries of similar jobs at competing companies.
All answers are correct. When making a comparison, make sure the information is comparable. This means finding a salary for a job in the company of your local competitors. You want to know the salaries of local IT professionals, not everyone in the IT industry across the country. To make an honest comparison, you need to clearly define your salary. Clear definitions help make comparisons more useful.
Local competition means the opposition system thru which a Framework person selects a Panel Member from the right zone as set out within the local competition guidance
A local commercial enterprise is one which sells its products and services to clients in its own city, town, or geographic vicinity.
Competition are other corporations who can offer the identical or comparable goods and offerings to your customers.
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Sal is 35 years old, an employee of a private firm, and is planning to retire at age 65. He is investing in a traditional IRA instead of a Roth IRA because he expects his marginal tax rate to be lower during retirement than it is now. Is this a productive choice for Sal? Why or why not?
Answer:
Explanation:
the choice between a traditional IRA and a Roth IRA depends on an individual's expectations about their future tax bracket. A traditional IRA may be a good choice for someone who expects to be in a lower tax bracket during retirement, as contributions are tax-deductible and the investment earnings grow tax-free until they are withdrawn in retirement. On the other hand, a Roth IRA may be a better choice for someone who expects to be in a higher tax bracket during retirement, as contributions are not tax-deductible, but the investment earnings grow tax-free and qualified withdrawals in retirement are tax-free. It is important for individuals to consider their specific financial situation and consult with a financial planner or tax professional to determine the best choice for their individual circumstances.
It is productive for Sal because It is productive because Sal can claim a tax deduction on the amount he decides to contribute toward the traditional IRA.
What is a tax deduction?Tax deduction refers to claims made to reduce your taxable income, arising from various investments and expenses incurred by a taxpayer. Thus, an income tax deduction reduces your overall tax liability. It is a kind of tax benefit which helps you save tax. However, the amount of tax you can save depends on the type of tax benefit we claim.
Both the terms tax deduction and tax exemption refer to a lowering of taxable income; they are forms of tax relief or tax breaks provided by the government. However, tax exemptions may also include complete relief from taxes, reduced rates and tax on only a portion of income. Tax exemption means we don't have to pay tax for a particular income.
For instance, we may get a tax exemption for donating to charitable institutions and various relief funds.
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regarding executive compensation and governance, group of answer choices it is relatively easy to connect company outcomes with managerial decisions, so executive level compensation is results-based. the goal of executive compensation is to align executive and owner goals. salary is the primary compensation mechanism used for executives. incentive systems guarantee managers make the right decisions.
Regarding executive compensation and governance is b) the goal of executive compensation is to align executive and owner goals.
Governance is defined as the choices and moves of the individuals who run a faculty, state, city, or enterprise. An instance of governance is the mayor's selection to increase the police force in response to burglaries. YourDictionary. The precise system with the aid of which a political machine is ruled.
Governance helps you to usually act within the fine hobbies of the business. more especially, it can improve the overall performance of your enterprise, help it emerge as more solid and productive, and unencumber new possibilities. it is able to reduce risks and allow faster and more secure increases. it can additionally enhance popularity and foster consideration.
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A 25-year maturity bond with par value $1,000 makes semiannual coupon payments at a coupon rate of 6%.a.Find the bond equivalent and effective annual yield to maturity of the bond if the bond price is $950. (Round your intermediate calculations to 4 decimal places. Round your answers to 2 decimal places.)Bond equivalent yield to maturity %Effective annual yield to maturity %
The bond equivalent YTM = 8.36% and Effective annual YTM = 8.53%
How do you calculate the the bond equivalent YTM?Available inputs: n = 40, FV = 1000, PV = –950, PMT = 40.
The yield to maturity on a semi-annual basis =
Yield To Maturity = (Face Value/Current Bond Price)^(1/Years To Maturity)−1
= (1000 / -950) )^(1/40)−1
= 4.26%.
This implies a bond equivalent yield to maturity of: 4.26% x 2 = 8.52%
Effective annual yield to maturity i = [1 + (r/n)]n – 1
(1.0426)2 – 1 = 0.0870 = 8.36%
Since the bond is selling at par, the yield to maturity on a semi-annual basis is the same as the semi-annual coupon, 4%.
The bond equivalent yield to maturity is 4%.
Effective annual yield to maturity i = [1 + (r/n)]n – 1
= (1.04)2 – 1 = 0.0816 = 8.53%
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under the indirect method of preparing the statement of cash flows, depreciation expense is added back to net income because it
Depreciation expense must be put back to net income under the indirect method since net income serves as the starting point for calculating cash flows from operational activities.
Depreciation is one of a company's expenses that is taken into account when calculating net income. Depreciation, however, is not a financial spend because it is an accounting metric. Depreciation expense is thus re-included in the cash flow statement when determining a company's cash flow.
Depreciation is included as a cost of generating production gross receipts because it is regarded under the IRC as an usual and necessary business expense.
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Regardless of fault, a crash report must be filed by the driver of a vehicle if the crash involves death, bodily injury, or property damage of more than $1,500 (or more than $500 if a vehicle is uninsured). t/f
True. Regardless of who was at blame, the driver of a car is required to file an accident report if there were fatalities, serious injuries, or more than $1,500 worth of property damage (or more than $500 if the car was uninsured).
Damage to real or personal property is known as property damage. A vehicle accident that results in damage or a chemical release on real estate might serve as examples. To guard against the possibility of property damage, property owners might get property insurance. Property damage, often known as harm to real or personal property caused by the negligence, malicious destruction, or some other natural occurrence of another. Property damage is distinct from personal harm in litigation for losses brought on by negligence or a malicious act. Property damage is defined as harm to a third party's property and is covered by commercial car liability insurance. Physical damage often refers to harm done to a policyholder's car. Both the comprehensive and collision insurance policies cover physical damage.
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Which of the following has been a negative effect of the SEC requirement that publicly traded companies in the United States are required to file quarterly and annual reports that are audited by an independent, accredited accounting firm?
a.
Stockholders can have complete faith that the information contained in financial statements accurately reflects the state of affairs of a company.
b.
It has encouraged other developed nations to enact similar regulations and requirements.
c.
There have been issues of misrepresentation of the true financial state of companies to investors such as inflating the revenues or earnings to generate higher stock prices to give managers the benefits of stock option grants for personal gain at the expense of stockholders.
d.
The information can enable a stockholder to calculate the profitability (ROIC) of a company in which he or she invests.
e.
It gives consistent, detailed, and accurate information about how efficiently and effectively the agents of stockholders, the managers, are running the company.
Statement C had a negative effect on the SEC requirement that publicly traded companies in the United States.
The U.S. Securities and Exchange Commission (SEC) is an independent federal agency responsible for protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation. The SEC's mission is to “protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.”
There have been issues of misrepresentation of the true financial state of companies to investors such as inflating the revenues or earnings to generate higher stock prices to give managers the benefits of stock option grants for personal gain at the expense of stockholders.
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A floating exchange rate:?
?is determined by the national governments involved.
?remains extremely stable over long periods of time.
?is determined by the actions of central banks.
?is allowed to vary only within a narrow range.?adjusts in response to market forces.
The Bretton Woods system:?
?established a worldwide gold standard.
?established a worldwide system of fixed exchange rates.
?established a worldwide system of flexible exchange rates.
?harmonized tariff systems.
When a country has a floating exchange rate, the foreign exchange market determines the value of its currency based on supply and demand in relation to other currencies.
A floating exchange rate is determined by free market equilibrium established by demand and supply of a currency and this contrasts with a fixed exchange rate, when the rate is fully or primarily decided by the government.
Bretton Woods system was adapted by US, Europe, Japan, Australia and Canada, which were industrialized nations.
In a managed float regime, exchange rate varies as per market forces but if it moves outside a range, central bank may intervene to stabilize it by buying or selling currency as per the requirement.
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consumers may use roth ira funds to obtain the down payment for their home purchase. which of the following scenarios is allowed?
It is generally allowed for individuals to use funds from a Roth IRA to make a down payment on a home purchase. However, there are certain rules and requirements that must be met in order to do so without incurring any taxes or penalties.
To use funds from a Roth IRA for a home down payment, the individual must meet the following requirements:
The individual must be a first-time homebuyer or must meet certain other exceptions to the rule.The individual must have owned the Roth IRA for at least five years.The individual can only use a maximum of $10,000 of Roth IRA funds for the down payment. This maximum applies to both single and married taxpayers.The funds must be used for a qualified home purchase, which includes the purchase of a primary residence or the construction of a primary residence.If the individual meets these requirements, they can use funds from their Roth IRA to make a down payment on a home without incurring any taxes or penalties. It is important to note that any funds withdrawn from a Roth IRA for a home down payment will be subject to income taxes if the individual does not meet the above requirements.
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regarding executive compensation and governance, group of answer choices it is relatively easy to connect company outcomes with managerial decisions, so executive level compensation is results-based. the goal of executive compensation is to align executive and owner goals. salary is the primary compensation mechanism used for executives. incentive systems guarantee managers make the right decisions.
regarding executive compensation and governance the goal of executive compensation is to align executive and owner goals.
Modern pay structures may often be broken down into four categories: short-term vs long-term, cash against equity, individual versus collective, and fixed versus variable. The strategic goals of the company, its capacity to draw and keep personnel, ownership structure, culture, corporate governance, and cash flow are all important deciding considerations. Companies in the Russell 3000 Index place a strong emphasis on doing just that—aligning compensation with business success, as stakeholders demand. However, businesses may need to take into consideration additional criteria, such as seniority, especially outside of the United States. The basic wage, which is predetermined and paid in cash, as well as short-term and long-term incentives make up total direct compensation.
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