Chapter 7 of the bankruptcy code is primarily designed to provide a fresh start to a debtor as opposed to a reorganization.
Regardless of the total amount of debt owing or whether a debtor is solvent or bankrupt, Chapter 7 offers relief to debtors. A Chapter 7 Trustee is chosen to liquidate the debtor's assets and distribute the money to the creditors.
A person who is drowning in debt can get a "new start" under chapter 7 of bankruptcy code by having their debts forgiven in exchange for turning over their nonexempt property for distribution. The discharge exonerates an individual debtor from responsibility for the majority of obligations, shielding creditors from legal action.
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Douglas Whipple Corporation needs $200 million to expand its production and to develop new products. It has agreed to issue written pledges that it will repay a specified amount of money with interest on a particular day. Because it is uncertain it will have sufficient funds available if all of the pledges should become due on the same day, none of the pledges will be paid during the first 15 years. After 15 years, 10 percent of the pledges will mature each year until all of them are retired at the end of the 25th year. What are the pledges?
Note that the pledges here are serial bonds. (Option C). A serial bond is a type of bond that matures in installments over a specified period of time, rather than all at once.
What is a Serial Bond?In the scenario described, the Douglas Whipple Corporation has agreed to issue written pledges to repay a specified amount of money with interest on a particular day.
These pledges will not be paid for the first 15 years, after which 10 percent will mature each year until all of them are retired at the end of the 25th year. This indicates that the pledges are serial bonds, which mature in installments over a period of time.
Registered bonds and term-loan agreements are not the correct answers because they do not fit the description of the pledges in the scenario.
Registered bonds are bonds that are registered in the name of the owner, and term-loan agreements are contracts between a borrower and a lender that outline the terms of a loan.
Bond indentures are contracts that outline the terms and conditions of a bond, but they do not specify the type of bond being issued.
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Full Question:
Douglas Whipple Corporation needs $200 million to expand its production and to develop new products. Is has agreed to issue written pledges that it will repay a specified amount of money with interest on a particular day. Because it is uncertain it will have sufficient funds available if all of the pledges should become due on the same day, none of the pledges will be paid during the first 15 years. After 15 years, 10 percent of the pledges will mature each year until all of them are retired at the end of the 25th year. What are the pledges?
A. Registered bonds
B. Term-loan agreements
C. Serial bonds
D. Bond indentures
What are Convention hotels? Give an example
Convention hotels host large meetings similar to conferences. Social conventions restrict what we can do; they dictate how we should behave. Conventionalism is the result of being conventional, something held up as a normative example; "the convention of not naming the main character"; "violence is the rule, not the exception".
Hotel conventions are large formal assemblies, "political conventions", and international agreements (diplomacy).
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____is the finance planning activities. (A) planning (B)needs (C)budget (D)want
(C) budget is the finance planning activities.
What is Budget?
A budget is a financial plan that outlines an individual's or organization's expected income and expenses over a certain period. It is an essential tool for managing finances and ensuring that financial resources are allocated properly. Budgets can be created for personal finances, businesses, governments, or other organizations.
Financial planning refers to the process of determining how a business, individual or organization will manage its financial resources to meet its short-term and long-term objectives. It involves identifying financial goals, assessing the current financial situation, and developing a plan to achieve those goals. Financial planning activities may include creating a budget, setting financial targets, creating a savings plan, managing investments, and managing debt.
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Alfred E. Old and Beulah A. Crane, each age 42, married on September 7,2017. Alfred and Beulah will file a joint return for 2019. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted "Old" as her married name. They live at 211 Brickstone Drive, Atlanta, GA 30304. Alfred was divorce from Sarah Old in March 2016. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Alfred pays Sarah $15,000 in 2019. In addition, in January 2019, Alfred pays Sarah $50,000, which is designated as being for her share of the marital property. Also, Alfred is responsible for all prior years' income taxes. Sarah's Social Security number is 123-45-6788. Alfred's salary for 2019 is $150,000. He is an executive working for Cherry.Inc. (Federal I.D. No. 98-7654321). As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. His employer withheld $24,900 for Federal income taxes and $8,000 for state income taxes. The proper amounts were withheld for FICA taxes. Beulah recently graduated from law school and is employed by Legal Aid Society.Inc. (Federal I.D. No. 11-1111111), as a public defender. She receives salary of $42,000 in 2019. Her employer withheld $7,500 for Federal income taxes and $2,400 for state income taxes. The proper amounts were withheld for FICA taxes. Alfred and Beulah had interest income of $500. They received $1,900 refund on their 2018 state income taxes. They claimed the standard deduction on their 2018 Federal income tax return. Alfred and Beulah pay $4,500 interest and $1,450 property taxes on their personal residence in 2019. Their charitable contributions total $2,400 (all to their church). They paid sales taxes of $1,400, for which they maintain the receipts. Alfred and Beulah have never owned or used any virtual currency, and they do not want to contribute to the Presidential Election Campaign. Compute the Old's net tax payable (or refund due) for 2019. Suggested software: ProConnect Tax Online
To compute the Olds' net tax payable (or refund due) for 2019, we need to gather all the relevant information and calculate their taxable income, apply the appropriate tax rates, deductions, and credits. Since the tax calculation involves various factors and tax laws, it would be best to use tax software such as ProConnect Tax Online or consult with a tax professional. The software will streamline the process and ensure accurate calculations based on the specific tax laws and regulations applicable to the Olds' situation.
What have you learned from the self-reflection in this class, and how do you think it will help you in the workforce? Be specific.
Okay, I will give you 45 points and mark you Brainliest if you answer this as good as you can. I would really appreciate if you can answer before 10:00pm 12/07/2020.
THANK YOU!!!
Answer:
The first week of this unit I had a mix of emotions, excitement and stress . The topics covered each week have giving me the opportunity to increase my knowledge in many areas. Having an interest in teaching when I started this course has now grown to having an interest in learning as well. Reflecting on my education as a child has shown me the growth in teaching and our current education system.
Professionalism was a great way to start the unit; this topic has giving me the chance to understand the responsibilities that teachers have to students and their parents. On beginning this topic I believed that professionalism was about ethics and how teachers conducted themselves in and out of the classroom. However while this is…show more content…
Cognitive learning and constructing knowledge are topics that hold a strong interest to me. Working with children that have language disorders and cognitive issues the more knowledge I gain in this area assist with the quality of instruction that I provide. Meaningful learning is vital in assisting students to learn and to store newly learned knowledge. Students will benefit from high quality concrete examples, simple and precise instructions. Language development should be encouraged and modelled students should have the opportunity to ask questions. Introducing new words within instructions will assist the student in extending their vocabulary. It is important for all students to put into words their understanding of the tasks being taught.
Understanding cognition and how we learn is essential in the developmental stages of children. Not all students learn in the same way, understanding the cognitive process will assist in the development of the students. By modifying my approach when giving instructions I have noticed growth in current students that I am working with. Using concrete materials and giving the opportunity for students to be involved in hands-on activities on a daily basis, is essential in making new material meaningful to learners.. The knowledge gained from this topic has increased my understanding.
Explanation:
Summarize the characteristics of effective advertising.
A non-personal, spoken or visual, publicly financed recognized communication about a product, service, or idea is included in the definition of advertising. Through one or more media, the message—known as an advertisement—is broadcast, with the sponsor being the one who pays for it.
What are advertising's primary effects?Consumers are persuaded to buy products, services, and ideas through persuasive, visually appealing advertising displays in order to feel emotionally satisfied. The primary goal of advertising is persuasion. Advertising explains how the good your life will be after using the concept, product, or service you are contemplating.
Which form of advertisement is more effective?According to research conducted by The Chartered Institute of Marketing (CIM), traditional commercial television continues to be the most successful media channel for reaching customers.
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wHAT are 2 reports that can be filtered by customer type
Answer:
Sales Report / Customer Satisfaction Survey
Explanation:
Two reports that can be filtered by customer type are:
Sales Report by Customer Type: This report provides an overview of sales data categorized by different customer types. By applying a filter based on customer type, such as retail customers, wholesale customers, or corporate clients, the report can generate specific insights into sales performance for each customer segment.
Customer Satisfaction Survey Report by Customer Type: This report compiles feedback from customer satisfaction surveys and analyzes the responses based on customer types. By filtering the report by customer type, businesses can identify variations in satisfaction levels among different customer segments. This information can help tailor customer service strategies and address specific needs and preferences of each customer type effectively.
Which of the following is an example of a middle manager?
Answer:
General manager ,branch manager and department manager is the Wright answer.
Which statement is an example of effectively managing diversity
The statement that shows an example of effectively managing diversity is that change the signs, brochures & the website that involved the other languages from the local government to the legal & illegal immigrants.
The following information is not relevant:
If there is an increase in the no of families that are the single parent so it does not decrease the health benefits.In order to decrease workplace diversity, the company does not require all employees to speak in English.Companies does not recognize the Americans that shows poor demographic group.Therefore we can conclude that the statement that shows an example of effectively managing diversity is that change the signs, brochures & the website that involved the other languages from the local government to the legal & illegal immigrants.
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Attributes of getta byte software
The goal of the Getta Byte Software project is to substitute the present manual ticketing system with a cloud-based online system. With a $250,000 budget, the primary objective is to develop a new system that is accurate, simple, and quick.
What is software?Computer programs and the related documentation and data are collectively referred to as software. Hardware, on the other hand, is what the system is made of and what actually does the work.
Executable code, which is the most basic form of programming, is made up of machine language instructions that are supported by a single processor, most often a central processing unit (CPU) or a graphics processing unit (GPU). Machine language is made up of collections of binary values that represent processor instructions that alter the previous state of the machine.
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Once jobs have been evaluated by means of one of the job evaluation methods
the value that has been established allows it to be slotted into a hierarchy that wi
eventually develop a profile of the importance of each job to the organisation.
Create a job hierarchy by placing the positions listed below in order of rank.
Illustrate by using an organogram/chart.
(17 marks)
Positions in an organisation:
1. Artisans
4. Production Manager
7. Sales Consultants
10. Account Supervisor
13. Security
2. Cleaners
5. Sales Manager
8. Debtors clerks
11. General Manager
14. Machine Operators
3. Financial Manager
6. Receptionist
9. Supervisors (Sales)
12. Production Supervisor
To create a job hierarchy, we need to consider the relative importance of each position based on job evaluation.
How to create the hierarchyHere is one possible hierarchy, from highest to lowest:
General Manager
Financial Manager
Production Manager
Sales Manager
Account Supervisor
Supervisors (Sales)
Sales Consultants
Debtors clerks
Production Supervisor
Machine Operators
Security
Artisans
Cleaners
Receptionist
This hierarchy places the highest-ranked positions at the top and the lowest-ranked positions at the bottom. The General Manager is at the top because this position typically has the highest level of responsibility and authority in the organization.
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15. A retail co. plans to work on a margin of 44% of retail price & to incur other Variable Cost of 4%. If is expected fixed cost of Br. 20,000. A. Find the equation relating Total Cost to sales B. Find the profit if sales are Br. 60,000 C. Find the breakeven revenue D. If profit is Br. 15,000 what should be the revenue level? E. If you have any one item at a price of Br. 15/unit how do you convert the cost equation in terms of revenue in to a cost equation in terms of quantity?
Financial mathematics refers to the application of mathematical methods to the resolution of financial problems. It applies methods from probability, statistics, stochastic processes, and economic theory.
margin on which retail company works = 44%
variable cost = 4%
fixed cost = Br. 20,000
we need to find:
the equation relating total cost to sales.
the profit if sales are Br . 60,000
the break-even revenue
if profit is Br. 15,000 then what will be its revenue level
how to convert the cost of equation in terms of revenue
(i) given fixed cost = Br. 20,000
VC = 0.4 ₊ 0.56
Y = 0.6x ₊ 20,000
the above formed is the equation relating total cost to sales.
(ii) Π = TR ₋ TC
= 60,000 ₋ (0.6×60000₊20000)
= 60,000 ₋ (36000₊20000)
= 60,000 ₋ 56000
= 4000 birr
(iii) breakeven revenue:
BER or Xe = FC/1₋m = 20000/1₋0.6
= 20000/0.4
=50,000
(iv) Qin sale = FC ₊ π/1₋M
= 20000₊15000/1₋0.6
= 35000/0.4
= 87,500
(V) The cost equation is:
y = bx
87500 = 15x
x = 87500/15
x = 5833.33
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What economic problem did many countries face as a result of world war 2
Answer:
trade deficits, lack of investment capital, and wide gaps between rich and poor
Explanation:
yall have anything to cure depression? lmk pls ._.
Answer:
Anti-depressants :))))))))
they make u HIGH on happiness :DDDDDDDDDDDDDDDDDD
Answer:
Morningggggggg
Explanation:
Caleb Co. owns a machine that had cost $44,400 with accumulated depreciation of $19,400. Caleb exchanges the machine for a newer model that has a market value of $55,000. 1. Record the exchange assuming Caleb paid $31,000 cash and the exchange has commercial substance. 2. Record the exchange assuming Caleb paid $23,000 cash and the exchange has commercial substance.
Answer:
Part 1
Debit :New Machine $55,000
Debit : Profit and Loss $39,400
Credit: Accumulated Depreciation: Old Machine $19,400
Credit :Cost: Old Machine $44,400
Credit : Cash $31,000
Part 2
Debit :New Machine $55,000
Debit : Profit and Loss $31,400
Credit: Accumulated Depreciation: Old Machine $19,400
Credit :Cost: Old Machine $44,400
Credit : Cash $23,000
Explanation:
The Standard on Property, Plant and Equipment States that :
"When exchange has commercial substance, Cost Price of item Acquired is measured at Fair Value.
When Fair Values of both assets acquired and given up can be determined reliably, the Fair Value of Asset given up will be used.
Unless the Fair Value of the Asset acquired is more evident, that Value may be used"
From this, we have on Fair Value of Asset Acquired, so we use that as the Cost of the New Asset. Cost of New Asset in Both Cases will be $55,000.
Recognize the New Cost of Asset, Derecognize the Cash Paid, Derecognize Cost of Old Asset and Accumulated Depreciation in a journal to find the Profit or loss resulting from the exchange as above.
A tornado chart lets us see which random input has the most effect on a specified output
True
False
A tornado chart lets us see which random input has the most effect on a specified output. True
Tornado charts are usually used for sensitivity analysis, through facilitating the evaluation of the effects of 1 variable (or uncertainty) on the output (fee) of an impartial variable. twister charts also are beneficial surely for comparison purposes.
The twister Chart device shows how touchy the objective is to each selection variable as they change over their allowed stages. The chart shows all the selection variables in order of their effect on the goal.
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Pepper Department store allocates its service department expenses to its various operating (sales) departments. The following data is available for its service departments:
Expense Basis for allocation Amount
Rent Square feet of floor space $ 30,000
Advertising Amount of dollar sales 36,000
Administrative Number of employees 51,000
The following information is available for its three operating (sales) departments:
Department Square Feet Dollar Sales Number of employees
A 3,200 $ 236,000 5
B 4,800 $ 354,000 7
C 8,000 $ 590,000 8
Totals 16,000 $ 1,180,000 20
What is the total expense allocated to Department B?
Do you agree that Whirlpool can realize a competitive advantage through its diverse employees?
Answer: Yes. Whirlpool can gain a competitive advantage by making use of everyone's talents.
Explanation:
Answer:
yes
Explanation:
Advise businesses on the impact of continuous improvements to processes and systems as an element of TQM.
Total Quality Management (TQM) is a process that helps businesses to improve the quality of products and services they offer. The concept is based on continuous improvement of processes and systems. TQM involves creating a culture of quality in a company that drives improvements.
It can also help to increase the efficiency of processes and reduce waste.Advantages of continuous improvements to processes and systems as an element of TQM include the following:Increased efficiency of processesReduction in wasteEnhanced customer satisfaction Improved product qualityIncreased employee engagement and motivationIncreased profitabilityTQM requires a commitment from management to foster a culture of continuous improvement.
This means that they must be willing to invest time and resources into the process. Management should also provide training and resources to employees to support the implementation of TQM practices. Finally, management should be prepared to monitor progress and adjust the process as necessary to ensure continued success.
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1. Do you think the minimum wage should be increased in California, as is proposed? Why or why not? Remember, many firms must give everyone raises when minimum wage increases to keep all their workers happy. 2. In your opinion, what was the original purpose of the minimum wage? Was it meant to be a living wage?
LEONE COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Finished goods inventory, beginning Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Gross profit General and administrative expenses Selling expenses Net income $ 84,000 84,000 92.000 $ 3,251,000 $ (8,000) 3,259,000 127.000 603,000 2,529,000
How do you find the cost of goods manufactured?
The cost of goods manufactured (COGM) is the cost of all the products that a company has manufactured during a period.
How to calculateIt is calculated by adding the beginning finished goods inventory to the total manufacturing costs, and then subtracting the ending finished goods inventory.
In the income statement you provided, the cost of goods manufactured is calculated as follows:
COGM = $92,000 + $3,251,000 - $127,000 = $3,224,000
Therefore, the cost of goods manufactured for Leone Company is $3,224,000.
Here is the formula for calculating COGM:
COGM = Beginning finished goods inventory + Total manufacturing costs - Ending finished goods inventory
The total manufacturing costs include direct materials, direct labor, and manufacturing overhead.
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Remington is single and files using the head of household filing status. His AGI is $95,000. He has two qualifying children: Serenity, age 6, and Penelope, age 17. What is the amount of Remington's 2021 Child Tax Credit (CTC)?
The amount of Remington's Child tax credit will be $6,000.
The Child Tax Credit is a program which help parent to reduce their Federal tax owe through each qualifying child under the age of 17.
Since his Adjusted gross income (AGI) is $95,000, then, the child tax credit for the children age (6 to 17) will be $3,000
For the 2 qualifying children:
Child tax credit = $3,000 + $3,000
Child tax credit = $6,000
Therefore, the Option C is correct because the amount of Remington's Child tax credit will be $6,000.
Missing options includes "$3,000, $3,600, $6,000, $6,600"
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MotoSport is buying an asset that costs $730,000 and can be depreciated at 20 percent per year (Class 8) over its eight-year life. The asset is to be used in a three-year project; at the end of the project, the asset can be sold for $740,200. The company faces a tax rate of 26%. The sale of this asset will close the asset class. what is tax on CCA recapture
The tax on the CCA recapture is $306,332.
To calculate the tax on the Capital Cost Allowance (CCA) recapture, we need to determine the CCA claimed over the years and calculate the recaptured amount. The recaptured amount is the difference between the proceeds from the sale of the asset and the undepreciated capital cost (UCC) at the time of sale.
Given that the asset costs $730,000 and has a depreciation rate of 20% per year (Class 8) over eight years, we can calculate the CCA claimed each year:
Year 1: $730,000 * 20% = $146,000
Year 2: $730,000 * 20% = $146,000
Year 3: $730,000 * 20% = $146,000
Year 4: $730,000 * 20% = $146,000
Year 5: $730,000 * 20% = $146,000
Year 6: $730,000 * 20% = $146,000
Year 7: $730,000 * 20% = $146,000
Year 8: $730,000 * 20% = $146,000
The total CCA claimed over the eight years is $1,168,000.
At the end of the project, the asset can be sold for $740,200. The UCC at the time of sale is the original cost of the asset minus the CCA claimed:
UCC = $730,000 - $1,168,000 = -$438,000
Since the UCC is negative, there is a recapture of CCA. The recapture amount is the proceeds from the sale minus the UCC:
Recapture Amount = $740,200 - (-$438,000) = $1,178,200
Now, we can calculate the tax on the CCA recapture by multiplying the recapture amount by the tax rate:
Tax on CCA Recapture = $1,178,200 * 26% = $306,332
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PLEASE HELP FAST!!!!!!!!!!!!!!!!!
Which candidate do you think proposed a more compelling argument about inflation? Support your claim with specific data presented by the candidates. Be sure to mention at least one counterpoint, and refute this point with evidence.
Answer:
What type of canidate? Like ones running for presidents?
This is your opinion and backup your beliefs with evidence
Explanation:
Answer:
I think the more compelling argument winner has to go to Jimmy Carter. Lots of facts stated, not just opinions and assumptions. For example; when he stated written facts from the CPI that his plan to bring inflation down has worked for him during is presidency.
With that being said I have to give credit where credit is due, Ronald Regan definitely had some powerful comebacks. Like for when he was showing that his governing in the state of California has worked in the past so why would it not work while running the country.
Explanation: no explination
plus not my answer
The following information pertains to United Ways, a private voluntary health and welfare organization, for the year ended December 31, 20X3. Balances in net assets at January 1, 20X3: without Donor Restrictions $ 3,013.888 With Donor Restrictions 11, 19.688 The following transactions occurred during the year ended December 31, 20X3:
1. Received cash donations of $519,000 from donors who did not place any time or purpose restrictions on them.
2. Received $1,003,000 of pledges from donors to be recelved in 20X4; It was estimated that 6 percent of the pledges would not be collected. Donors did not place any restrictions on the use of their pledges.
3. Earned Investment Income of $206.000 on endowment Investments that donors permanently restricted for research activities.
4. Designated $230,000 of the $515,000 of cash donations received In 20X3 for computer acquisitions.
5. Spent $152.000 of the $206,000 of Investment Income earned on endowment Investments on research during the year ended December 31, 20X3. (This amount is included in the $250.800 for research expenses shown in the following table.)
6. Acquired $119,000 of equipment from donations made in 20x2 that donors had restricted for that purchase. The governing board of United Ways reports acquisitions of capital assets as unrestricted
7. Received donated audit services from the organization's accounting firm that would have cost $16,300.
8. Learned that the fair value of endowment Investments was $604,000 higher at the end of 20X3 than at the beginning. United Ways did not acquire or sell any endowment Investments during 20x3 and treats gains and losses on endowment Investments as permanently restricted.
9. Incurred program and supporting services expenses during 20x3 as follows (depreciation expense for 20x3 has been properly allocated to the functional expenses):
Research Public health education Community services Management and general (does not include the audit that was donated) Fund-Raising $250.888 191.888 150, 100 125,900 114,300 Required: Prepare a statement of activities in good form for United Ways for the year ended December 31, 20X3. (Negative values should be entered with a minus sign.)
Answer:
United Ways
Statement of Activities for the year ended December 31, 20X3:
Without Donor Restrictions
January 1, 20X3 balance $ 3,013.888
Cash from donations 519,000
Computer acquisition (230,000)
Transfer from restricted 119,000
Equipment acquisition (119,000)
Program and supporting services expenses:
Fund-Raising ($250,888)
Public health education (150,100)
Community services (125,900)
Management and general (114,300)
December 31, 20X3 balance $2,661,700 2,661,700
With Donor Restrictions
January 1, 20X3 balance $1,119,688
Earned Investment Income 206,000
Research (152,000)
Transfer to unrestricted (119,000)
Other Research Expenses (39,888)
December 31, 20X3 balance $1,014,800 1,014,800
Donated audit services 16,300
Audit Cost (16,300) 0
Total Change in net assets $3,676,500
Explanation:
a) Data and Calculations:
Balances in net assets at January 1, 20X3:
Without Donor Restrictions
January 1, 20X3 balance $ 3,013.888
Cash from donations 519,000
Computer acquisition (230,000)
Transfer from restricted 119,000
Equipment acquisition (119,000)
Program and supporting services expenses:
Fund-Raising ($250,888)
Public health education (150,100)
Community services (125,900)
Management and general (114,300)
December 31, 20X3 balance $2,661,700
Donated audit services 16,300
With Donor Restrictions
January 1, 20X3 balance $1,119,688
Earned Investment Income 206,000
Research (152,000)
Transfer to unrestricted (119,000)
Other Research Expenses (39,888)
December 31, 20X3 balance $1,014,800
b) United Ways is not a profit-making organization. It is guided by its missions. Therefore, the terms “statement of activities” and “change in net assets” are used instead of “income statement” and “net income.”
can you receive interest on bonds
Answer:
Treasury bonds pay a fixed interest rate on a semi-annual basis. This interest is exempt from state and local taxes. But it's subject to federal income tax, according to TreasuryDirect. ... They earn interest until maturity and the owner is also paid a par amount, or the principal, when the Treasury bond matures.May 28, 2020
What is the difference between a 3.5 fold and an 8 fold essay?
A 3.5 fold essay consists of an introduction, three body paragraphs, and a conclusion, while an 8 fold essay expands on the 3.5 fold structure by adding more detail and nuance to each paragraph.
The terms "3.5 fold" and "8 fold" essay refer to different methods of organizing the structure of an essay. A 3.5 fold essay consists of an introduction, three body paragraphs, and a conclusion. The three body paragraphs each have a specific purpose and follow a specific structure: the first paragraph introduces the main idea, the second paragraph supports the main idea with evidence, and the third paragraph provides a conclusion or summary.
On the other hand, an 8 fold essay expands on the 3.5 fold structure by adding more detail and nuance to each paragraph. The introduction and conclusion remain the same, but each body paragraph is broken down into smaller sections that address different aspects of the main idea. This allows for a more thorough exploration of the topic and a more complex argument.
In summary, the main difference between a 3.5 fold and an 8 fold essay is the level of detail and complexity in the organization of the body paragraphs. The 8 fold essay provides a more in-depth exploration of the topic, while the 3.5 fold essay is a simpler and more straightforward structure.
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What are some popular flowers to give as birthday gifts in Lahore or a Lahore Birthday Flowers?
Answer:
Roses
Mix flowers
Carnations
Gerberas
etc
Jennings Co. has total assets of $433.0 million. Its total liabilities are $114.5 million. Its equity is $318 million. Calculate the debt ratio. (Round your answer to 1 decimal place.)
Answer: 26.4%
Explanation:
The debt ratio is used to show how much of the company's assets is funded by debt.
It is calculated by the formula:
= Total liabilities / Total assets
= 114.5 / 433.0
= 0.2644
= 26.4%
Question 20 (2 points)
Using the high-low method, what are the fixed and variable costs if the high sales
revenue is $160,000 with total costs of $90,000, and the low sales revenue is
$96,000 with total costs of $58,000. What is the fixed cost and the variable
percentage per dollar of sales revenue?
$9,750 fixed and 32.5% per dollar of sales revenue
$10,000 fixed and 50.0% per dollar of sales revenue
$6,750 fixed and 32.5% per dollar of sales revenue
$4,240 fixed and 56.0% per dollar of sales revenue
The fixed cost and the variable percentage per dollar of sales revenue Option B. $10,000 fixed and 50.0% per dollar of sales revenue.
To determine the fixed and variable costs using the high-low method, we start by identifying the difference between the high and low sales revenue and the corresponding total costs.
High sales revenue: $160,000
Total costs at high sales revenue: $90,000
Low sales revenue: $96,000
Total costs at low sales revenue: $58,000
Next, we calculate the difference in sales revenue and total costs:
Change in sales revenue = $160,000 - $96,000 = $64,000
Change in total costs = $90,000 - $58,000 = $32,000
The fixed cost can be obtained by subtracting the variable cost component from the total costs at either the high or low sales revenue. Let's use the high sales revenue figures:
Fixed cost = Total costs at high sales revenue - (Variable cost per dollar of sales revenue * High sales revenue)
Fixed cost = $90,000 - (Variable cost per dollar of sales revenue * $160,000)
Using the information provided, we can solve for the variable cost per dollar of sales revenue:
Change in total costs = Variable cost per dollar of sales revenue * Change in sales revenue
$32,000 = Variable cost per dollar of sales revenue * $64,000
Variable cost per dollar of sales revenue = $32,000 / $64,000 = 0.5 or 50.0%
Now, substituting this value back into the equation for fixed cost:
Fixed cost = $90,000 - (0.5 * $160,000)
Fixed cost = $90,000 - $80,000 = $10,000
Therefore, the correct answer is option B: $10,000 fixed cost and 50.0% per dollar of sales revenue.
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Question 20 (2 points)
Using the high-low method, what are the fixed and variable costs if the high sales revenue is $160,000 with total costs of $90,000, and the low sales revenue is $96,000 with total costs of $58,000? What is the fixed cost and the variable percentage per dollar of sales revenue?
A. $9,750 fixed and 32.5% per dollar of sales revenue
B. $10,000 fixed and 50.0% per dollar of sales revenue
C. $6,750 fixed and 32.5% per dollar of sales revenue
D. $4,240 fixed and 56.0% per dollar of sales revenue
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