According to the given information, The true of the entry for reselling the shares is Credit additional paid in capital is $320.
On re-issue of treasury stock,
Cash will be debited by ⇒ 64 × 28 = $1,000
Treasury stock will be credited by ⇒ 64 × 23 = $1,472
Additional paid in capital will be credited by ⇒ 64 × (28 - 23) = $320
The distinction between a stock's par value and its actual purchase price is known as additional paid-in capital, or APIC.The investor's purchase of the stock from the business during the IPO is what qualifies as the "additional" portion of paid-in capital.The APIC is typically recorded on the balance sheet as shareholders' equity.An excellent way for businesses to make money without having to provide any security is through APIC.A company has the right to set any price for its stock during its IPO that it sees fit. Investors may choose to pay any amount over the declared par value of a share, which results in the APIC.Learn more about Additional paid in capital, here
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Vesper Company has sales of $200,000, variable...
Vesper Company has sales of $200,000, variable costs of $8 per unit, fixed costs of $50,000, and a profit of $30,000. How many units were sold?
10,000
15,000
20,000
25,000
Profit is calculated as total sales less variable costs per unit multiplied by the number of units and less fixed costs. $200,000 - ($8 × Q) - $50,000 = $30,000, so Q = 15,000 units. So correct answer is 15000 units.
What does "profit" mean? What is the profit equation?Profit is the term used to describe the financial gain experienced when the revenue from a commercial activity exceeds the costs, costs, and taxes associated with maintaining that activity. Total Revenue - Total Expenses = Profit is the formula used to determine profit. Direct and indirect costs are subtracted from all realized sales to arrive at the profit.
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the lagrange corporation had the following budgeted sales for the first half of the current year: cash sales credit sales january $ 50,000 $ 150,000 february $ 55,000 $ 170,000 march $ 29,000 $ 130,000 april $ 24,000 $ 109,000 may $ 34,000 $ 200,000 june $ 80,000 $ 30,000 the company is in the process of preparing a cash budget and must determine the expected cash collections by month. to this end, the following information has been assembled: collections on sales: 45% in month of sale 35% in month following sale 20% in second month following sale the accounts receivable balance on january 1 of the current year was $71,000, of which $55,000 represents uncollected december sales and $16,000 represents uncollected november sales. what is the budgeted accounts receivable balance on may 31?
The budgeted accounts receivable balance on may 31 will be $131,800.
Collection patterm - 45% in month of sale, 35% in month following sale and 20% in second month following sale
Budgeted accounts receivable balance on May 31 = 20% of April sales + 55%(35%+20%) of May sales
= (109,000*20%) + (200,000*55%)
= 21,800 + 110,000
= 131,800
What are budgeted accounts?
A budget account is a retailer's customer account that allows the customer to make regular monthly payments to cover past and future purchases. A budget account can be linked to a credit card, allowing the cardholder to pay for an expensive item over time.
So, the required answer is $ 131,800.
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A restaurant chain recently issued $1,000,000 worth of new stock shares, increasing its debt obligations in hopes of financing a new restaurant location. The construction of the new store ended up taking twice as long as anticipated, thus forestalling the expected increases in revenue. As a result, the company is having difficulty making the interest payments on its outstanding debt.
The pitfall that the business can be said to be experiencing is what is referred to as financial risk.
What is financial risk in business?The ability of your company to manage debt and fulfill financial commitments is referred to as financial risk. This kind of risk often develops as a result of market instability, losses, or changes in stock prices, currency exchange rates, interest rates, etc.
Due to a number of macroeconomic factors, fluctuations in the market interest rate, and the potential for big sectors or organizations to default, financial markets are subject to financial risk. When people make choices that could compromise their capacity to earn a living or repay a loan they have taken on, they run the risk of losing money.
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A restaurant chain recently issued $1,000,000 worth of new stock shares, increasing its debt obligations in hopes of financing a new restaurant location. The construction of the new store ended up taking twice as long as anticipated, thus forestalling the expected increases in revenue. As a result, the company is having difficulty making the interest payments on its outstanding debt.
The example here is what pitfall that the business is experiencing?
There are advantages to using each of the four inventory costing methods. Identify the statements below that are correct regarding these advantages. (Check all that apply.)
a. FIFO assigns an amount to inventory on the balance sheet that approximates its current cost.
b. Reason: This is because the earlier costs are sold, so the latest costs are what are left in ending inventory.
c. FIFO assigns an amount to cost of goods sold on the income statement that approximates its current replacement cost.
Reason: LIFO does this.
d. Weighted average tends to smooth out erratic changes in costs.
e. LIFO mimics the actual flow of goods for most businesses.
Reason: FIFO mimics the actual flow of goods for most businesses.
FIFO assigns an amount to inventory on the balance sheet that approximates its current cost.
The 4 main stock valuation methods are FIFO or First-In, First-Out; LIFO or remaining-In, First-Out; precise identity; and Weighted common value.
FIFO (first in, first out) inventory control seeks to price stock so the business is much less probably to lose cash when products expire or come to obsolete.
LIFO (final in, first out) stock management is better for nonperishable goods and makes use of contemporary charges to calculate the value of goods bought.
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Answer:FIFO assigns an amount to inventory on the balance sheet that approximate its current cost.
Weighted average tends to smooth out erratic changes it costs.
Explanation:
julie is looking to sell her flower shop. she should hire a(n) to help her find a buyer and negotiate the sale.
In looking for who to help her with the sale of her flower shop, Julie should look for a. business broker.
A business broker:
Helps facilitate the sale of a business
Ensures that relevant legal requirements are met
Helps a business owner find others who want to buy businesses
Julie's flower shop is a business so if she wants to sell it, she should look for a business broker to help her with the transaction.
In conclusion, Julie needs a business broker.
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a stock has an expected return of 13 percent, its beta is 1.10, and the risk-free rate is 4 percent. what must the expected return on the market be? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
The expected return on the market will be 12.18%.
the return an investor expects to make on an investment based on that investment's historical or probable rate of return under varying scenarios.
How to calculate the expected return on the market?
Expected return of stock as per CAPM = Rf + beta*(Rm-Rf)
Rf is risk free rate = 0.04
beta = 1.1
expected return of stock as per CAPM = 0.13
Now let's use the formula
0.13 = 0.04 + 1.1 * (Rm - 0.04)
0.13 = 0.04 + 1.1Rm - 0.044
Rm = 0.134 / 1.1 = 0.12181818 = 12.18%
So the expected return on the market will be 12.18%
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5. Retailers use technology in stores and online to:
O A. Limit product selection
O B. Make tasks easier and faster to complete for employees and customers
C. Monitor all the places they are shopping
O D. Prevent customers from shopping
The answer is The answer is option [B]. For both employees and customers, make jobs simpler and quicker to accomplish Retailers use technology. Physical retailers can utilize touchscreen screens to create a more connected, interactive purchasing experience as retail outlets become more digital.
Retailers use technology:
In general, roughly six out of ten customers would want to purchase in-person with a retailer that incorporates technology to enhance the experience. The able to relate your offline and online worlds is the best thing about technology. Customers can explore, order, and pay online using digital kiosks, which also let shops display goods, interesting information, and advertising.
Payment processing is becoming faster because to contactless technologies. Customers can quickly pay for their purchases by tapping their credit card or mobile device on a payment terminal, leave the store, and return later. installations for payments.
The retail sector is being improved by technology in a variety of ways, from augmented reality and better consumer experiences to more accuracy and control over market information and inventory management. Digital tools and technologies used by traditional brick-and-mortar stores and e-commerce platforms in their supply chain and in-store operations are referred to as retail technology. It is central to how retail businesses are being transformed by digital technology.
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Determine the amount of interest earned on a $2500 investment if it is invested at
5.25% annual interest compounded monthly for four years.
The annual interest compounded monthly for four years is $3067.81
given that,
P = $2500
I = 5.25%
n = 4 years
here we have to find out
S =?
Solve:
S = P (1 + i)ⁿ
S = 2500(1 + 5.25%) ⁴
S = 2500(1 + 0.0525) ⁴
S = 2500 × 1.0525⁴
S = 2500 × 1.2271239094
S = 3067.8097735
S = approx. $3067.81
The yearly interest rate is raised to the number of compound periods minus one, and the starting principal amount is multiplied by both of these factors.
The interest you earn on interest is known as compound interest. Simple math may be used to demonstrate this: if you have $100 and it generates 5% interest annually, you will have $105 at the end of the first year. You'll have $110.25 after the second year is over.
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mason company manufactures and sells shoelaces for $2.80 per pair. its variable cost per unit is $2.40. mason's total fixed costs are $10,200. how many pairs must mason sell to break even?
Mason must sell 25,500 pairs to break even.
What is break-even analysis?Break-even analysis is a tool used by businesses to determine the point at which they will neither make a profit nor incur a loss. The break-even point is calculated by dividing the total fixed costs of a business by the selling price per unit of product. Businesses use break-even analysis to determine the number of units of product that must be sold in order to cover all of their costs. This information is then used to make decisions about pricing, production levels, and other factors that affect a business's bottom line.
Given that,
Shoelaces sold for (S) $2.80/pair
Variable costs per unit (V) = $2.40
Total fixed costs (F)= $10,200
According to the formula,
Break even point = F/ (S-V) = 10,200 /(2.80 - 2.40) = 10,200/ 0.4 = 25,500 units
It can be concluded that Mason must sell 25,500 pairs to break even.
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explain the three inventory control models and the driving factor in each model. provide examples for each one using current companies.
When a well-known sports brand issues a licence to individuals who wear clothing bearing its emblem. For the privilege of using the logo, they charge the business.
This is an illustration of a licencing revenue model, a type of commercial arrangement in which one organisation grants another organisation the right and permission to use its goods and logos in exchange for a certain payment. This mechanism generates income, and the licencing revenue model also enables the growth of customer equity, brand equity, and brand awareness.The process of decision-making is in charge of selecting the appropriate response to a challenge or opportunity. Depending on the situation, making a decision is a tough process that, if completed, may have favourable or unfavourable effects.Making decisions frequently involves considering our values as well as some of our knowledge and life experiences. A decision had to be made by a human being in any situation, whether it was a basic or difficult one. And, depending on the situation, consider the appropriate importance or decide not to take any action.
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which of the following are the two basic philosophies regarding how the tax burden should be apportioned? multiple select question. the wants-versus-needs principle the benefits-received principle the willingness-to-give principle the ability-to-pay principle
Following are the two basic philosophies relating to how the tax burden should be apportioned: 'the benefits-received principle' and 'the ability-to-pay principle' Thus, options B and D hold the correct answers.
Two basic philosophies regarding the distribution of the tax burden among several taxpayers retain remarkable importance. These two philosophies are:
'The benefits-received principle': This tax distribution principle represents the concept that there should be some equivalence between what individuals pay and the benefits they subsequently receive from governmental activities. 'The ability-to-pay principle': This principle of tax apportioned refers to the idea that taxes should be based on the individuals' ability to pay i.e. who have a larger ability to pay taxes.You can learn more about tax distribution at
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Which of the below is not one of the six epolicies that a company should implement for information protection as discussed in the text?
A.Information privacy policy
B.Workplace monitoring policy
C.Acceptable use policy
D.Downtime monitoring policy
The correct option D. Downtime monitoring policy,is not one of the six information protection rules that a corporation should follow, as discussed in the text.
Define the six epolicies the book suggests?Computer hardware, programming, data, procedures, and people make up an information system.
Every information system contains them. how you run the application, fill out your report, print it, save it, and backup your file. The most vital part of MIS is you, the user.
As mentioned in the article, there are six epolicies that a business should establish for information protection are-
A policy on ethical computer use; A policy on information privacy; A policy on permissible use; A policy on email privacy; A policy on social media; and A policy on workplace surveillance.Thus, one of the six confidentiality guidelines that a company should adhere to, as described in the text, is not downtime monitoring policies.
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stateless corporations transcend nationality by remaining loyal to their home country in every global market they enter.
The statement 'stateless corporations transcend nationality by remaining loyal to their home country in every global market they enter' is false.
In the field of business, multinational companies are referred to as stateless corporations.
Stateless corporations have the intention to expand their business in different countries and places across the world. Such companies or corporations are not limited to their home country and expand their business to countries that provide much better revenue.
We can say that the stateless corporations are not loyal to their home country as they represent their brand name and represent themselves as being international in the global market.
Although a part of your question is missing, you might be referring to this question:
Stateless corporations transcend nationality by remaining loyal to their home country in every global market they enter. True or false
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which of the following is true? selected answer: incorrecte. a and b of the above answers: a. being a single seller is a sufficient but not a necessary condition for the possession of monopoly power b. being a single seller with permanent government support is sufficient for the possession of monopoly power c. being a single seller is neither a sufficient nor a necessary condition for the possession of monopoly power d. being a single seller is both a sufficient and a necessary condition for the possession of monopoly power e. a and b of the above correctf. b and c of the above
Being a single seller is not a sufficient but is a necessary condition for the possession of monopoly power, the monopoly require, one firm, large buyers, no close substitute and barrier to entry, all this in group is sufficient condition but individually every condition is necessary.
Monopoly power refers to the control a single business or small group of businesses, sometimes known as monopolists, have over determining the pricing in a certain market. When one business is the exclusive supplier of a good or service in a certain market sector, there is a monopoly.
Examples of natural monopolies include companies that provide utilities such as electricity and natural gas. They are monopolies because it is expensive to enter the market and because newcomers are unable to offer the same services in quantities and at prices comparable to the dominant firm.
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tiger inc's sales budget is as follows: april: $120,000 may: $130,000 june: $150,000 tiger inc. pays sales commissions equal to 8% of sales. they have one sales manager who earns a salary of $4,000 per month. what is tiger's selling expense budget for q2 (april - june)?
The sales department is in charge of the selling expense budget. The budget accounts for expenses related to selling, such as salespeople's salary, commissions, advertising, office space for sales, shipping costs, and other costs. Both fixed and variable selling costs are possible.
Operating expenses, such as rent, utilities, advertising, and salaries, make up the majority of expenses. Another category of spending is direct costs, which include money spent on the products and services you sell. Budgeted selling costs for April are as follows: Fixed cost + variable cost = $ 4000 + ($ 120000 * 8%) = $ 13600
All operating costs involved in managing and selling the firm are included in the budget for selling and administrative costs. Using a flexible budget and the cost-volume formula, operating expenses are calculated.
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change requests and verified deliverables are the outputs of the controlling quality process.
a. true
b. false
Change requests and verified deliverables are the outputs of the controlling quality process. this statement is true.
A business process, business method, or business function is a group of related, structured activities or tasks by individuals or instrumentality within which a particular sequence produces a service or product (serves a specific business goal) for a particular client or customer. Business processes occur in the least structure levels and should or might not be visible to the customers.
A business process may usually be visualized (modeled) as a flowchart of a sequence of activities with interleaving call points or as a process matrix of a sequence of activities with connection rules supported by knowledge within the process. The edges of exploitation business processes embrace improved customer satisfaction and improved lightness for reacting to speedy market change. Process-oriented organizations break down the barriers of structural departments and check out to avoid functional silos.
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which of the following are evaluated in fundamental analysis? a) the direction of the economy. b) a firm's position within its industry. c) a firm's financial statements. d) all of these.
Fundamental evaluation is the manner of identifying the mannequin price of a futures contract, now and in the future the use of elements like micro financial data, macro-economic information and industry economic conditions.
Why is vital evaluation done?It helps in deciding company's fair fee and also helps to determine whether it is undervalued or overvalued. The integral analyst would love to purchase the inventory if the present day market price is below its intrinsic price and would sell the stock when the market fee goes a long way above the intrinsic value.
This can be the function of the enterprise analyst. Often strategic evaluation has four critical parts: present state, future state, risk, and transitional analysis.
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https://brainly.com/question/22523967#SPJ4allowances for which of these factors would be subtracted from design capacity when calculating effective capacity? multiple choice all of the other choices changing the mix of products equipment maintenance scheduling problems
Allowances for (A) all of the other choices of these factors would be subtracted from design capacity when calculating effective capacity.
What is Capacity in Design?Efficiency can be determined using two tools: design capacity and effective capacity. The ideal designed output rate is design capacity. Design capacity can be subtracted from effective capacity to determine effective capacity.Changing the mix of products, equipment upkeep, personal time, and scheduling issues is necessary for capacity to be effective. Because the variance is challenging to account for, a change in product mix should be an allowance for design capacity. Employees will need to balance their personal and professional lives, thus it is important to keep equipment up to date through routine maintenance. Finally, scheduling needs to be flexible due to conflicts and delays.Therefore, allowances for (A) all of the other choices of these factors would be subtracted from design capacity when calculating effective capacity.
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Correct question:
Allowances for which of these factors would be subtracted from design capacity when calculating effective capacity?
a) all of the other choices
b) changing the mix of products
c) equipment maintenance
d) personal time
e) scheduling problems
Which of the following statements about the installments for a fixed period settlement option in life insurance policies is NOT true?
a. the periodic payment amount is determined by the beneficiary's age
b. the shorter the period of time, the larger each installment
c. the longer the period of time, the smaller each installment
d. the installment payments are composed of both principal and interest
The statement which is not true about fixed period settlement is the periodic payment amount is determined by the beneficiary's age(Option A).
- More about fixed period settlement :
- Fixed Period Option: This settlement option for life insurance entails leaving the policy monies on deposit with the insurance provider to earn interest before making equal annual payments to the beneficiary.
- The payee sets the frequency of payments; the death proceeds set the benefit amount. For instance, an income benefit of $1,000 per month is given for 48 months until all income payments come to an end.
- The fixed period settlement option's main goal is to guarantee that your beneficiary receives a steady income stream for a predetermined period of time. The beneficiary should have a debt like a mortgage that demands regular payments for it to be most suitable.
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your parents are giving you $160 a month for 4 years while you are in college. at an interest rate of .39 percent per month, what are these payments worth to you when you first start college in one month?
The payments are worth $7619.17 when you first start college
A common way of financing future expenditures like retirement and college education is through making periodic contributions to a saving account. In this case, the stream of contributions constitutes an annuity. A key piece of information is the future value of the annuity.
In this question, the stream of payments constitutes an annuity, and the question asks about the present value of an annuity. We can use the following formula to compute the future value of an annuity:
[tex]{}\displaystyle \frac{M(1 - (1 + r)^{-T})}{r} {}[/tex]
where M is the periodic payment, r is the periodic return, and T is the number of payments.
In this question, the monthly payment is 160, the monthly interest rate is 0.39%/12 = 0.0325%, and there are 4 * 12 = 48 payments. Applying the formula, the value is:
[tex]{}\displaystyle \frac{160(1 - (1 + 0.0325\%)^{-48})}{0.0325\%} = 7619.17 {}[/tex]
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When comparing the annual inflation rate in the United States based on the CPI with the annual inflation rate based on the PCE price index, the data show that the two inflation rates
An expand in the average charge of goods and offerings over time is what economists refer to as inflation.
The Consumer Price Index is a size of the inflation that people come across in their day-today lives as a reflection of the ordinary inflation rate.
What is the distinction between the CPI and the PCE?CPI sources records from consumers, while PCE sources from businesses. The scope impact is a end result of the different types of expenditures CPI and PCE track. For example, CPI solely tracks out-of-pocket consumer clinical expenditures, however PCE additionally tracks fees made for consumers, accordingly inclusive of business enterprise contributions.
What is the PCE inflation rate?Disposable private income (DPI) improved $71.3 billion (0.4 percent) and non-public consumption fees (PCE) elevated $113.0 billion (0.6 percent). The PCE price index elevated 0.3 percent. Excluding meals and energy, the PCE rate index increased 0.5 percent (table 9).
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https://brainly.com/question/8149429#SPJ4The ability of a business to pay its debts as they come due and to earn a reasonable amount of income is referred to as
a) solvency and leverage
b) solvency and profitability
c) solvency and liquidity
d) solvency and equity
The correct option is (b) solvency and profitability. The ability of a business to pay its debts as they come due and to earn a reasonable amount of income is referred to as solvency and profitability.
affordable time is that amount of time, which is fairly necessary, with no trouble, to do something is required to be achieved, as quickly as situations allow. This word is a U.S. prison term that has been a topic of controversy for decades. it is generally used in connection with appearing a motion or remitting payment, but that is a totally indistinct time period which reasons litigation problems in lots of court docket instances.
Uniform business Code segment 2-206(2) requires that attractiveness of a suggestion be made inside a "reasonable time" if no time is precise: wherein the start of a requested overall performance is an inexpensive mode of popularity, an offeror who is not notified of recognition inside an inexpensive time may additionally deal with the offer as having lapsed earlier than attractiveness.
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Luc, a vehicle dealer, offers to sell mel a truck and trailer, which luc claims can haul a certain weight. He knows nothing about the capability of the truck, but it is not as he asserts. Mel buys the truck. On learning the truth, mel confronts luc, who says he was not trying to fool mel—he was only trying to make a sale. This is.
On learning the truth, mel confronts luc, who says he was not trying to fool mel—he was only trying to make a sale. This is Fraudulent misrepresentation
In contract law, fraudulent misrepresentation is a civil tort. A contract is induced into being entered into by a false statement of fact. Fraudulent misrepresentation occurs when a defendant intentionally conceals or exaggerates a material fact in order to persuade the opposing party to enter into a contract. A misrepresentation can take the shape of anything intended to deceive the other person, such as innuendos, half-truths, or remaining silent when speaking is required. The definition of a fraudulent representation is one that is made with knowledge or belief that it is false or inaccurate with reference to a material fact; see also misrepresentation.
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in the bottleneck analysis, the utilization for each stage cannot exceed 100%. group of answer choices true false
We identify the bottleneck as the resource with the highest implied usage in a reworked process.
The given statement is True
How do bottleneck processes work?
In a factory, products are often produced using numerous processes, but planning the capabilities for each process requires a lot of time and money. The term "bottleneck process" describes a manufacturing process where items that require concentrated plans and controls are produced. This includes operations that require specialized knowledge, limited-quantity machinery, and mold tools. By designating these operations as bottleneck processes, it makes focused control of them more effective than general control.
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Suppose the government spending multiplier is 2. The federal government cuts spending by $40 billion. What is the change in gdp if the price level is not held constant?.
The changes in GDP if the price level is not held constant a decrease of less than $80 billion.
Gross domestic product is a monetary measure of the market value of all final goods and services produced and sold by a country in a given period of time. Due to its complex and subjective nature, this indicator is often revised before being considered a reliable one.
GDP measures the monetary value of the final goods and services produced (that is, purchased by final consumers) in a country over a specified period of time (such as a quarter or a year). Counts all electricity generated within a country's borders.
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if the government imposes a price of $16 in this market, it would be an example of a a. non-binding price floor that does not change the market b. binding price ceiling that creates a surplus c. binding price floor that creates a shortage d. non-binding price ceiling that does not change the market
It would be an example of binding price ceiling that creates a surplus .
What is surplus?An item or resource that has more than is currently being used is said to have a surplus. A surplus can relate to a wide range of things, including money, goods, capital, and profits. A surplus in the context of inventories refers to items that are still on store shelves but have not yet been purchased. A surplus in a fiscal sense happens when income is greater than outlays. Governments may also experience a budget surplus if there are any tax revenues left over after all expenditures for government programs have been paid in full.Consumer surplus and producer surplus are the two different categories of economic surplus. Consumer excess and production surplus typically don't coexist since what's excellent for one is typically terrible for the other.Hence ,It would be an example of binding price ceiling that creates a surplus .
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The inventory that companies hold to protect themselves against uncertainties in either demand or replenishment time is called.
The inventory that companies hold to protect themselves against uncertainties in either demand or replenishment time is called safety stock.
Safety stock is the inventory stock kept by a firm when there happens a sudden fluctuation in the demand and supply. In other words, safety stock is an excess or surplus stock kept in order to face a situation where there is a chance of out-of-stock happening. Hence safety stock helps the companies to move with their business even in times of uncertainty.
protection stock is a time period utilized by logisticians to describe a stage of greater stock this is maintained to mitigate the danger of stockouts (shortfall in uncooked material or packaging) because of uncertainties in delivery and demand.
adequate protection inventory levels permit enterprise operations to continue according to their plans. protection inventory is held while uncertainty exists in call for, deliver, or manufacturing yield, and serves as an insurance in opposition to stockouts. protection inventory is an additional amount of an object held in the inventory to lessen the risk that the object can be out of stock.
It acts as a buffer stock in case income are extra than deliberate and/or the provider is unable to deliver the extra gadgets on the anticipated time.
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which of the following is a from agi deduction? multiple choice contributions to qualified retirement accounts. rental and royalty expenses. business expenses for a self-employed taxpayer. home mortgage interest expense.
The following is a deduction from agi. Contributions to charities come from AGI deductions.
If you itemize your deductions, you may deduct gifts of money or other property provided to qualifying organizations for charitable purposes. In general, you can deduct up to 50% of your adjusted gross income, but in some circumstances, there are 20% and 30% limitations.
Examples of Tax-Deductible Donations to Charities You donate money or property to churches, synagogues, temples, mosques, and other places of worship. Governments at all levels, provided that your donation is used only for public good (for example, a gift to reduce the public debt).
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Review the following statements and select the ones which accurately describe a Petty Cash fund. Select all answers which apply.
a. It is an asset reported on the balance sheet.
b. It is an expense reported on the income statement.
c. It is established to pay for small payments like low-cost supplies and shipping fees, etc.
d. It is an account used to record small sales amounts.
A. It is an asset reported on the balance sheet.
c. It is established to pay for small payments like low-cost supplies and shipping fees, etc. accurately describe a Petty Cash fund. Select all answers which apply.
A balance sheet is a summary of the financial balances of an person or organisation, whether or not it be a sole proprietorship, a enterprise partnership, a agency, non-public limited company or other agency together with government or no longer-for-income entity.
A balance sheet is a economic announcement that incorporates information of a enterprise's belongings or liabilities at a particular factor in time. it is one of the 3 center economic statements (earnings assertion and cash waft declaration being the opposite ) used for comparing the performance of a enterprise.
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Research the meanings of the following white collar crimes on the web and give a
brief meaning using your own words.
Insider trading
Larceny
Forgery
Counterfeit
Answer:
Insider trading - persons who have access to sensitive or important non-public information about a corporation trading its securities
Larceny - the stealing and transporting of personal property without the owner's consent with the purpose to rob like stealing that persons bike shoplifting
Forgery - the fraudulent act of creating, modifying, or imitating (as a document or signature).
Counterfeit - an item that unlawfully utilizes the trademark of another without that person's consent. By producing or offering a fake.
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