"A registered representative ("RR") has entered an order to buy 100 shares of ABC at $50 per share for a customer. The transaction is executed at $50 per share, and when the representative is reporting the trade to the customer, she notices that the account number on the executed order ticket is wrong. Which statement is TRUE?"
Answers
Answer: The "RR" may change the account number on the order ticket to the correct number if the branch manager approves in writing
Explanation: According to the scenario described above, the error in the executed order can only be effected based on approval by the branch manager after being notified by the registered representative of the error in the order ticket. The official approval to effect the change in the error made in the account details must be put into writing by the branch Manager for privacy and documentation sake as making such change to an order ticket requires following due process.
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Westco Company issued 14-year bonds a year ago at a coupon rate of 8 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 6.3 percent, what is the current bond price in dollars?
Answers
The current bond price in dollars is approximately $1,137.49.
To calculate the current bond price, we can use the present value of the bond's cash flows. Since the bond has a 14-year maturity and makes semiannual payments, it will have a total of 28 (14 years multiplied by 2) coupon payments.
The coupon rate is 8 percent, which means the bond pays $80 (8 percent of $1,000) in interest annually, or $40 per semiannual period. The bond also returns the face value of $1,000 at maturity.
To calculate the present value of the bond's cash flows, we discount each cash flow to its present value using the yield to maturity (YTM) of 6.3 percent. The YTM represents the market's required rate of return for the bond.
Using a financial calculator or spreadsheet software, we can discount each cash flow and sum them up to find the current bond price. The formula to calculate the present value of a bond's cash flows is:
PV = C * (1 - (1 + r)^(-n)) / r + F / (1 + r)^n
Where PV is the present value, C is the coupon payment, r is the YTM per period, n is the total number of periods, and F is the face value.
Plugging in the values for the given bond, we have:
C = $40
r = 6.3% / 2 = 0.0315 (semiannual YTM)
n = 28
F = $1,000
Using the formula and calculating the present value, we find that the current bond price is approximately $1,137.49.
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Webby Inc. is a web development company. Webby’s monthly production function for developing websites is given in the table below. Webby pays $4,000 a month in rent for office space and equipment. It pays each programmer $3,000 a month. There are no other production costs. Fill in the table of production costs.
Answers
Answer and Explanation:
The computation of the filling of the given table for the production cost is shown in the attachment below:
As we know that
Total cost = Fixed cost + variable cost
Average fixed cost = fixed cost ÷ websites
Average Variable cost = Variable cost ÷ websites
Therefore the average total cost is
= Average fixed cost + average variable cost
The marginal cost is
= Change in total cost ÷ change in quantity
These formulas are used to complete the table as given below.
Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check. Ryan's June bank statement shows a $20,361 balance in the bank. Ryan's comparison of the bank statement to its cash account revealed the following: Deposit in transit 1,850 Outstanding checks 945 Additionally, a $37 check written and recorded by the company was incorrectly recorded by the bank as a $73 deduction. The adjusted cash balance per the bank records should be:
Answers
Answer:
Bank Statement Balance = $20361
Deposit In Transit. = $1850
Outstanding Checks. = $945
Additional Check. = $73-$36
Adjusted Cash Balance. = $23193
The laws passed by Congress and by state legislatures are called:
Answers
Answer:
Rules
Explanation:
I think I'm right
Answer:
Rules
Explanation:
Yes I think this is right
(5 points)
Willie's Hot Dogs had sales last year of $250,300 and a guest count of 76,079.
Sales this year were $280,750 with a guest count of 83,556.
What was Willie's guest count percentage variance?
Answers
Willie's guest count percentage variance is 9.82%.
How to calculate guest count percentageTo calculate the guest count percentage variance
Use the following formula:
Guest count percentage variance = [(current year guest count - prior year guest count) / prior year guest count] x 100%
Guest count percentage variance = [(83,556 - 76,079) / 76,079] x 100%
Guest count percentage variance = (7,477 / 76,079) x 100%
Guest count percentage variance = 0.0982 x 100%
Guest count percentage variance = 9.82%
Therefore, Willie's guest count percentage variance is 9.82%.
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Starbucks and Disney both once faltered in their
marketing efforts. This was because they were too
focused on and lost sight of their
Answers
Answer:
e. growth; customers
Explanation:
Starbucks and Disney both once faltered in their marketing efforts. This was because they were too focused on "growth" and lost sight of their "customers".
Starbucks and Disney lost sight of their customers as a result of focusing so much on growth. Even though growth is good but when you focus so much on it and loose customers, how can you grow? This affected their marketing efforts and led to wastage of resources.
The pursuit of growth should be with foresight and with the customers in mind. Such will reward the firm's marketing efforts.
Answer:
e
Explanation:
DO you know what 407
Answers
Answer:
wdym wut 407
Explanation:
This type of utility has to do with the multiple ways to pay for products or
services.
O Time
Place
O Possession
O Information
Answers
Answer:
Time
Explanation:
I've had this assignment in the past and if you need help jut ask me and have a great day brother!! :D
Question 5 Shop A charges $275.00 for an oil change and has a gross oil profit percent of 39.1% for its total oil gross profit 96. Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4% for its total oil gross profit . Both shops pay $21.25 per gallon of oil. What is the Profit per Lube for Shop B?
Answers
To calculate the Profit per Lube for Shop B, we need to determine the total profit made from each oil change and then divide it by the amount of oil used.
First, we need to find the total oil gross profit for Shop B. We know that Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4%. This means the gross oil profit is calculated as a percentage of the total price.
Gross oil profit for Shop B = 28.4% of $275.00
= (28.4/100) * $275.00
= $78.10
Next, we need to calculate the amount of oil used for each oil change. We are given that both shops pay $21.25 per gallon of oil.
Amount of oil used for each oil change = $275.00 / $21.25 per gallon
= 12.94 gallons (rounded to two decimal places)
Finally, we can calculate the Profit per Lube for Shop B by dividing the total oil gross profit by the amount of oil used.
Profit per Lube for Shop B = Gross oil profit for Shop B / Amount of oil used
= $78.10 / 12.94 gallons
≈ $6.03 per gallon
Therefore, the Profit per Lube for Shop B is approximately $6.03 per gallon.
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Sam and Devon agree to go into business together selling college-licensed clothing. According to the agreement, Sam will contribute inventory valued at $110,000 in return for 80 percent of the stock in the corporation. Sam’s tax basis in the inventory is $55,000. Devon will receive 20 percent of the stock in return for providing accounting services to the corporation (these qualify as organizational expenditures). The accounting services are valued at $27,500. (Negative amount should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.)
Assume Devon received 25 percent of the stock in the corporation in return for his services.
g. What amount of income, gain, or loss does Devon recognize on the formation of the corporation? (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.)
Answers
Answer:
Explanation:
$38,500
On March 1, 2021, a corporation has published a Notice of Redemption, calling all of its 6 1/2% Debentures, maturing in 2031. The corporation plans to refund the issue with new bonds at a lower interest rate. A bondholder can:
Answers
Answer:
A bondholder can sell the bonds he is holding at the current market price.
Explanation:
When it occurs that bonds are called, there will no longer be interest payments on the bonds called. A bondholders then has the option to either sell the bonds he is holding at the current market price or the bonds can be tendered to receive the call price.
In addition, it is also not possible to exchange the old bonds for the new refunding bonds. By implication, any investor that needs the new bonds needs to go and buy it in the market.
Based on the explanation above, it simply means that a bondholder can sell the bonds he is holding at the current market price.
If the interviewer does not offer a handshake, you should?
A. Initiate a handshake
B. Act as if you did not notice by searching for your interview documents
C. Sit down Immediately
D. Ask if he or she wants to shake hands
Answers
Answer:
D. Ask if he or she wants to shake hands
Explanation:
Because if they don't ask why don't you ask, so they feel good.
the best answer for you will be B
A governmental entity has a General Fund and an Enterprise Fund. At the beginning of the year, neither fund has any unpaid salary liability. During the year, both funds paid salaries of $600,000. In addition, salaries for the last three days of the fiscal year ($15,000 for each fund) will be paid during the first week of the next fiscal year. How much should each fund report as salary expenditures (expenses) for the fiscal year?
Answers
Answer: $615,000; $615,000
Explanation:
According to the Accrual Principle of Accounting, expenses are to be recorded in the period that they were incurred even if they were only paid off in another period.
The $15,000 salary expense for each fund will be incurred in the current fiscal year so even though it is only to be paid in the next year, it should be recorded in the current fiscal year. This would then bring the total of each of the funds to $615,000.
What is aggregate demand?
Answers
Explanation:
Aggregate demend simply means a measurement of the total amount of demend for all finished good, and services produced on an economy. Also, aggregate demand is expressed as the total amount of money exchanged for goods ad services.
The cost of equipment purchased by Sheridan, Inc., on June 1, 2020, is $107,100. It is estimated that the machine will have a $6,300 salvage value at the end of its service life. Its service life is estimated at 7 years, its total working hours are estimated at 50,400, and its total production is estimated at 630,000 units. During 2020, the machine was operated 6,480 hours and produced 59,400 units. During 2021, the machine was operated 5,940 hours and produced 51,800 units.
Compute depreciation expense on the machine for the year ending December 31, 2020, and the year ending December 31, 2021, using the following methods. (Round depreciation per unit to 2 decimal places, e.g. 15.25 and final answers to decimal places, e-g. 45,892.)
2020 2021
(a) Straight-line
(b) Units-of-output
(c) Working hours
(d) Sum-of-the-years'digits
(e) Double-declining-balance (twice the straight-line rate) $
Answers
Answer:
(a) Straight-line
depreciable value = $107,100 - $6,300 = $100,800
depreciation expense per year = $100,800 / 7 = $14,400
depreciation expense 2020 = $14,400
depreciation expense 2021 = $14,400
(b) Units-of-output
depreciable value = $107,100 - $6,300 = $100,800
depreciation expense per unit = $100,800 / 630,000 = $0.16
depreciation expense 2020 = $0.16 x 59,400 = $9,504
depreciation expense 2021 = $0.16 x 51,800 = $8,288
(c) Working hours
depreciable value = $107,100 - $6,300 = $100,800
depreciation expense per working hour = $100,800 / 50,400 = $2
depreciation expense 2020 = $2 x 6,480 = $12,960
depreciation expense 2021 = $2 x 5,940 = $11,880
(d) Sum-of-the-years' digits
depreciable value = $107,100 - $6,300 = $100,800
depreciation expense 2020 = $100,800 x 7/28 = $25,200
depreciation expense 2021 = $100,800 x 6/28 = $21,600
(e) Double-declining-balance (twice the straight-line rate)
depreciation expense 2020 = $100,800 x 2/7 = $28,800
depreciation expense 2021 = $72,000 x 2/7 = $20,571
What is a tax free savings account that can only be used for educational expenses
Answers
A tax-free savings account that can only be used for educational expenses is called a 529 plan, which is specifically designed for education purposes and includes education expenses such as tuition, fees for books, etc.
What is the significance of the savings account?Savings accounts keep track of personal expenses such as a person's bank balance, which can be withdrawn when needed; savings accounts earn interest as a result, the money grows over time and helps the person get a loan with a certain amount, etc.
Hence, tax-free savings account that can only be used for educational expenses is called a 529 plan, which is specifically designed for education purposes and includes education expenses such as tuition, fees for books, etc.
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Which of the following are “matched” under the matching concept?
Answers
The matching notion relates to balancing off costs with the income generated by those costs. This is further explained below.
What is the matching concept?Generally, the matching concept is simply defined as Income and expenditures must be recorded in accordance with the matching principle of accounting.
In conclusion, This rule mandates that a company keep track of its outgoings in addition to its incoming income.
CQ
Revenues, expenses, and dividends are closed to retained earnings at the end of an accounting cycle. Which of the following is "matched" under the matching concept?
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Todd can afford to pay $375 per month for the next 7 years in order to purchase a new car. The interest rate is 6.5 percent compounded monthly. What is the most he can afford to pay for a new car today
Answers
Answer:
The most he can afford to pay = $25,260.07
Explanation:
The most he can afford to pay is the present value of the $375 per month discounted at the interest rate of return of 6.5% p.a
PV = A× (1- (1+r)^(-n))/r
PV = ?, A- 375, r- 6.5/12= 0.541% n= 12×7 = 84
PV = 375× (1- (1.00541)^(-84) )/0.00541= 25260.071
The most he can afford to pay = $25,260.07
Note: the monthly interest rate needed to be computed by dividing 6.5% by 12 and the number of months in 7 years is 7 × 12 = 84
SELECT AN ORGANISATION OF YOUR CHIOCE.
1.1 SUMMARISE THE NATURE OF BUSINESS
1.2 SUMMARISE THE BUSINESS MODEL
1.3 WHAT ARE THE KEY BUSINESS DRIVERS
2.1 NATURE OF DECISION DESCRIBING WHAT DECISION NEEDED TO BE MADE AND WHY
2.2 SUMMARISE HOW WAS THE DECISION MADE
2.3 ANALYSE THE DECISION MADE AND DESCRIBE IF A QUALITATIVE OR QUANTITATIVE APPROACH WAS USED AND JUSTIFY YOUR RESPONSE
2.4CONFIRM WHY WAS THIS APPROACH TAKEN BY THE BUSINESS AND APPRAISE THIS APPROACH FROM RISK MODELLING PERSPECTIVE
3.1 USING THE SELECTED BUSINESS DECISION FROM ABOVE, IDENTIFY AT LEAST 5 RISKS THAT NEEDED TO BE CONSIDERED TO MAKE THE SAME
3.2 USING THE RISK REGISTER IN THE PREVIOUS SECTION, CONDUCT A QUALITATIVE RISK ANALYSIS FOR THESE 5 RISKS BY PROPOSING THE PROBABILITY OF OCCURRENCE AND IMPACT FOR EACH RISK
3.3 USING A MATRIX INCLUDED IN APPENDIX A, PLOT THE RISKS ON A HEAT MAP AND EXPLAIN WHAT THE MAP MEANS
4.1 USING THE REGISTER DERIVED IN QUESTION 3.1, CALCULATE THE AVERAGE IMPACT (EXPECTED MONETARY VALUE) USING AGGREGATION OF STATIC VALUES
4.2 SUMMARISE WHAT DOES THIS AVERAGE IMPACT VALUE MEANS FOR THE ORGANISATION
5.1 USING THE REGISTER FROM 3.1, CALCULATE THE 5 POSSIBLE EXPECTED MONETORY VALUES USING THE AGGREGATION OF THE RISK DRIVEN OCCURRENCES METHODOLOGY
5.2 DESCRIBE THE RESULT OF THIS METHODOLOGY USING AN APPROPRIATE DIAGRAM
5.3 SUMMARISE WHAT DOES THIS AVERAGE IMPACT VALUE MEANS FOR THE ORGANISATION
Answers
An organization that will be analyzed in this context is Coca-Cola.1.1 Summary of the nature of the business:Coca-Cola is one of the most well-known beverage manufacturers in the world. They create fizzy drinks, juices, and water for a variety of markets.
Their drink portfolio includes more than 200 brands sold in over 200 countries.1.2 Summary of the business model:Coca-Cola Company follows a business model based on creating strong brands that generate significant customer demand.
Their main goal is to build and enhance brand equity. They engage in extensive advertising and promotion campaigns to attract more consumers.1.3 What are the key business drivers:Coca-Cola's essential business drivers are its brand, extensive distribution network, market reach, product innovation, customer satisfaction, and product differentiation.2.1 Nature of decision describing what decision needed to be made and why:The business decision that was taken by Coca-Cola was regarding the selection of the right marketing mix, which is a critical decision.
This allowed them to gain valuable insights into how the consumers perceive their products, which they could use to develop targeted marketing strategies. From a risk modeling perspective, the approach is beneficial because it allows the company to minimize the risks by identifying the issues that consumers may face with their products.3.1 Using the selected business decision from above, identify at least 5 risks that needed to be considered to make the same:1. Competition from other beverage manufacturers2. Consumer preferences and behavior3. Changes in market trends4. Fluctuating economic conditions
5. Changing health and safety regulations3.2 Using the risk register in the previous section, conduct a qualitative risk analysis for these 5 risks by proposing the probability of occurrence and impact for each risk:The following table shows the qualitative risk analysis for the five risks that were identified:RiskProbabilityImpactCompetitionMediumHighConsumer preferences and behaviorHighHighChanges in market trendsLowHighFluctuating economic conditionsHighMediumChanging health and safety regulationsLowMedium3.3 Using a matrix included in Appendix A, plot the risks on a heat map and explain what the map means:The risks were plotted on a heat map, as shown below:The heat map shows that the competition and consumer preferences risks have a higher probability of occurrence and impact, while the changes in market trends and health and safety regulations have a lower probability of occurrence and impact.4.1 Using the register derived in question 3.1, calculate the average impact (expected monetary value) using aggregation of static values:
The five possible expected monetary values are calculated by multiplying the probability of each risk and the range of possible impacts.RiskProbabilityImpactRange of possible impactsExpected Monetary ValueCompetitionMedium$2,000,000-$4,000,000$1,200,000Consumer preferences and behaviorHigh$3,000,000-$5,000,000$3,000,000Changes in market trendsLow$1,000,000-$3,000,000$300,000Fluctuating economic conditionsHigh$1,000,000-$2,000,000$1,200,000Changing health and safety regulationsLow$500,000-$1,000,000$50,000Total Expected Monetary Value$5,750,0005.2 Describe the result of this methodology using an appropriate diagram:The following diagram shows the possible expected monetary values for the five risks:5.3 Summarize what does this average impact value mean for the organization:
The average impact value means that the Coca-Cola Company could potentially lose an estimated $5,750,000 due to the five risks that were identified. This value represents the range of possible impacts that the company may face, given the probability of occurrence of each risk. The company can use this information to identify the risk mitigation strategies that are required to minimize the impact of these risks.
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Can someone help me?
Answers
yeah with what do you need help with
1. Demonstrate understanding of the value of auditing in an economy and theories explaining the demand for auditing;
2. Discuss the role of auditing and other assurance services in society and the public’s expectation for these services.
3. Describe issues associated with the audit of public sector, not-for-profit and small business entities.
4. Critically evaluate the professional, legal, ethical and regulatory framework within which audits and other assurance engagements are carried out,;
5. Discuss current developments in auditing.
6. Audits can be categorized into different types: Like; (1) financial statement audits, (2) compliance audits, (3) operational audits, and (4) forensic audits.
Required: For each of the following descriptions, indicate which type of audit (financial statement audit, compliance audit, operational audit, or forensic audit) best characterizes the nature of the audit being conducted. Also indicate which type of auditor (external auditor, internal auditor, government auditor, or forensic auditor) is likely to perform the audit engagement.
a. Determine the fair presentation of Ajax Chemical’s balance sheet, income statement, and statement of cash flows.
b. Review the payment procedures of the accounts payable department for a large manufacturer.
c. Examine the financial records of a division of a corporation to determine if any accounting irregularities have occurred.
d. Evaluate a company’s computer services department in terms of the efficient and effective use of corporate resources.
e. Audit the partnership tax return of a real estate development company.
f. Investigate the possibility of payroll fraud in a labor union pension fund.
g. Examine contractual agreements with bankers and other lenders to be sure the company is complying with legal requirements
Answers
1. Auditing plays important role by providing assurance and credibility to financial statements which enhances investor confidence and promotes efficient allocation of resources.
Why is auditing important for the economy?Auditing is essential for the economy as it helps maintain trust and confidence in the financial information reported by businesses. By conducting independent assessments of financial statements, auditors provide assurance to stakeholders that the information is reliable and accurate.
This assurance is particularly valuable for investors, creditors, and other parties who rely on financial statements to make informed decisions. Auditing also helps detect and prevent fraud, mismanagement, and other financial irregularities and thereby safeguarding the integrity of the financial system.
2. Auditing and other assurance services play a vital role in society by providing independent evaluations of financial statements and other information enhancing the reliability and credibility of financial reporting.
3. Issues associated with the audit of public sector, not-for-profit, and small business entities include unique reporting requirements, limited resources etc.
4. The professional, legal, ethical, and regulatory framework surrounding audits and assurance engagements should be critically evaluated to ensure independence, competence, integrity, adherence to standards, and the protection of public interest.
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is a replacement for the lorenz curve which measures income inequality less accurately than does the
Answers
It should be noted that the replacement for the Lorenz curve that measures income inequality less accurately is the Gini coefficient.
The Gini coefficient simply means the Gini index. It's the single number that's used in demonstrating the degree of inequality that's in a distribution of income or wealth.
It's the distribution of income across a population. It measures income inequality less accurately than the Lorenz curve.
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Question 2 (1 point)
Alise works for a life insurance company as a claims agent. She processes insurance
payments for the families of recently deceased persons. What quality might Alise
find helpful in her career?
being artistic and enjoying performing
Opreferring to work with wildlife
liking to create things with her hands
being kind and a good listener
Answers
If the policyholder makes the requisite premium payments, the insurer is obligated to pay the death benefit upon the insured's passing. Premium amounts are influenced, in part, by the likelihood that the insured will pass away before the policy's death benefit is paid by the insurer.
Why do life insurance providers inquire as to whether you have other insurance?Your final life insurance prices will be based on these since the insurers want to know how dangerous you are to insure.
If everyone passes away, how do life insurance companies make money?When a policyholder passes away, the company invests these premiums and utilizes the proceeds to pay claims to the beneficiaries of the policy. The interest and dividends received on the investments made with premiums generate income for the company as well.
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60 points
Include the following:: The name of the career Some information you learned from research Education a person needs to get this type of job Skills a person needs to get this type of job How people in this job use technology
pls help i will give branlyist
Answers
Human job talent is being devoured by machines. And it's not only about low-skilled, repetitive work. Recent studies have shown that automation, robotics, algorithms, and artificial intelligence (AI) .
What is Artificial Intelligence (AI) ?Artificial Intelligence (AI) can perform tasks as well as or sometimes even better than people, including those performed by dermatologists, insurance claims adjusters, lawyers, seismic testers in oil fields, financial and sports journalists, crew members of guided-missile destroyers, hiring managers, psychologists, retail salespeople, and border patrol agents.
Additionally, there is growing concern that upcoming technological advancements will eliminate the jobs of millions of people who operate automobiles, analyze medical tests and data, carry out middle management duties, dispense medication, trade stocks and assess markets, engage in combat on battlefields, carry out governmental duties, and even replace those who program software.
Numerous studies have shown that as programmed devices, many of which are smart, autonomous systems, increasingly permeate the workplace, a huge number of employment are at risk.
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Fill out the tax forms for:Ivy Perry, age 40, is single and has no dependents. She is employed as a legal secretary by Legal Eagle Beagle, Inc. She owns and operates Type It located near the campus of Florida Community College at 200 College Road. Ivy is a material participant in the business. She is a cash basis taxpayer. Ivy lives at 6020 College Road, Pensacola, Fla. 33210. Ivy's Social Security number is 123-44-5678. Ivy indicates that she wishes to designate $3 to the Presidential Election Campaign Fund. During 2021, Ivy had the following income and expense items: a. $50,000 salary from Legal Eagle Beagle, Inc. b. $20,000 gross receipts from her typing business c. $700 interest income from Florida Community Bank. d. $1,000 Christmas bonus from Legal Eagle Beagle, Inc. e. $60,000 life insurance proceeds on the death of her brother. f. $5,000 check given by her wealthy uncle g. $100 won in a bingo game. h. Expenses connected with the typing business: Office Rent Supplies Utilities and telephone Wages paid to part-time typists Payroll Taxes Equipment Rentals $7,000 4,400 4,680 5,000 500 3,000 i. $8,346 interest expense on a home mortgage (paid to Florida Community Savings& Loan) j. $5,000 fair market value of silverware stolen from her home by a burglar on October 12 2021; Ivy had paid $4,000 for the silverware on July 1, 2008. She was reimbursed $1,500 by her insurance company k. Ivy had loaned $2,100 to a friend, Deb Dobson, on June 3, 2018. Deb declared bankruptcy on August 14, 2021 , and was unable to repay the loan. Legal Eagle Beagle, Inc. withheld Federal income tax of $7,500 and FICA tax of $3,551 (which was adequate for 2021). Assume the loan is a bona fide debt. 1. m. Alimony of $10,000 received from her former husband, Tony Springfield. n. Interest income of $800 on City of Pensacola bonds. o. Ivy made estimated Federal tax payments of $1,000. p. Sales tax from the sales tax table of $654. q. Charitable Contributions of $2,500. What is the Total income, Adjusted gross income, Taxable income, Tax liability, and amount of federal tax due or refunded.
Answers
Based on the provided information, Ivy Perry's tax situation for 2021 is as follows:
Total Income: $71,800
Adjusted Gross Income (AGI): $47,220
Taxable Income: $34,670
Tax Liability: $3,961.40
Federal Tax Refund: $4,538.60
What is taxation?Taxation is the imposition of compulsory levies on individuals or entities by governments.
It should be noted that Taxes are levied in almost every country of the world, primarily to raise revenue for government expenditures, although they serve other purposes.
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Covent Gardens Inc. is considering two financial plans for the coming year. Management expects sales to be $300,000, operating costs to be $265,000, assets to be $200,000, and its tax rate to be 35%. Under Plan A it would use 25% debt and 75% common equity. The interest rate on the debt would be 8.8%, but under a contract with existing bondholders the Times Interest Earned (TIE) ratio would have to be maintained at or above 4.5. Under Plan B, the maximum debt that met the TIE constraint would be employed. Assuming that sales, operating costs, assets, the interest rate, and the tax rate would all remain constant, by how much would the ROE change in response to the change in the capital structure?
Answers
Answer:
Assets = $200,000
For Plan A
25% debt = 200,000 * 25% = 50,000
75% equity = 200,000 * 75% = 150,000
The debt will generate 8.8% interest expense. Interest expense = 50,000 * 8.8% = 4,400
Income for the expected project under Plan A
Sales revenue 300,00
Operating cost 265,000
EBIT 35,000
Interest expense 4,400
EBT 30,600
Income tax 10,710
Net income $19,890
Times interest earned = EBIT /interest expense = 35,000 / 4,400 = 7.95. So, it achieve the requirement of 4.5 or above.
ROE for plan A = Net income / Equity = 19,890/150,000 = 0,1326 = 13.26%
Under Plan B
We will take as much debt as we can until Times interest earned = 4.5
EBIT / interest expense = Times interest earned
35,000/Interest expense = 4.5
Interest expense = 35,000/4.5
Interest expense = 7.777,78
Net income = (EBIT - interest) x (1- tax-rate)
Net income = (35,000 - 7,777.78) x (1-35%)
Net income = 17.694,443
Interest expense = Debt * Rate
Debt = Interest expense / Rate
Debt = 7,777.78/0.088
Debt = 88.383,86
Asset = Debt + Equity
200,000 = 88,383.86 + Equity
Equity = 200,000 - 88,383.86 =
Equity = 111,616.14
ROE for Plan B = Net income/ Equity = 17,694.443 / 111,616.14 = 0,15852943 = 15.85%
So, we compare both ROE
Plan A = 13.26%
Plan B = 15.85%
Difference = 2.59%
So therefore, using the Plan B will increase the ROE for 2.59%
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Which of these is not an example of a trade restriction?
a. paying a subsidy to domestic farmers
b. charging a tariff on imports
c. taking land to build an airport
d. limiting the import of certain goods
Answers
Answer:
c. taking land to build an airport.
Explanation:
While the other options (a, b, and d) are examples of trade restrictions, the act of taking land to build an airport is not directly related to trade restrictions. It is more related to the acquisition of land for public infrastructure development, which may involve eminent domain or other legal processes.
A political scientist surveys 31 of the current 131 representatives in a state's congress. what is the size of the sample?
what is the size of the population?
Answers
Answer:
the sample is 31
Explanation:
the population is 31+131=162
List three pieces of criteria that economists use to determine if someone is employed
Answers
Answer:
The summary as per the given query is summarized below.
Explanation:
The criterion used by economists to decide whether the individual was working wasn’t employed.Employees hold down jobs for full as well as part-time pay where they already haven't a job and therefore are provisions of these terms for work even though they are unemployed.The labor force seems to be the number among all jobs working as well as unemployment.The price of strawberries decreases from $4.10 to $2.50 per pound. When this happens, the amount of strawberries sold increases from 550 pounds to 600 pounds. What is the value of the gain in consumer surplus that occurred
Answers
Answer:
$80
Explanation:
Given that the value of the gain in consumer surplus is the value emanating from the purchase made at price less than the price the consumer is willing to pay. The value of consumer surplus rises as the price of a good falls and falls as the price of a good rises.
Hence, in this case, the price of strawberries decreases from $4.10 to $2.50 per pound. We have a value surplus of $1.6 per pound.
However, since the amount of strawberries sold increases from 550 pounds to 600 pounds we have a consumer surplus of 50 pounds.
Therefore, the total value of the gain in consumer surplus that occurred is $1.6 × 50 = $80.
Hence, the correct answer is $80