The expenses that would be denied as entertainment and would not be deductible is, “The manager took clients to lunches at a restaurant costing $5,800.” Therefore, option D is the correct option.
What are expenses?Expenses are the expenditures a person or an organization makes in order to fulfill either their needs and requirements or their luxuries. The expenses generally occur from income or savings. The expenses should be aligned with the amount of income and the savings of the individual in order to maintain healthy financial health. More expenses than income can cause financial burdens or debts.
The manager brought clients to lunches at a restaurant that cost $5,800; these costs would be disallowed as entertainment and not deductible. As a result, choice D is the best one.
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Which part of a financial aid letter shows what you will have to pay
after
deducting all gift aid?
• A. Expected family contribution
• B. Total cost of attendance
•
C. Net worth
• D. Net cost
SUBMIT
The part of a financial aid letter shows what you will have to pay after deducting all gift aid include option B: Total cost of attendance.
What is Total cost of attendance?
Cost of attendance (COA) is a college's total estimated expenses for one year including tuition, room and board, books, supplies, transportation, loan fees, and miscellaneous expenses.
A school's cost of attendance is used to determine each student's eligibility for financial aid, such as grants and loans.
Therefore, correct option is B.
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Given below are some instructions on how to make a sandwich
A sandwich is a common and popular food that is easy to prepare and eat. It consists of two slices of bread with various fillings, such as vegetables, cheese, or meat, in between them.
Here are the instructions for making a sandwich in the passive voice:
a) Two slices of soft bread should be taken.
b) The crust should be trimmed.
c) Butter should be applied evenly on them.
d) The filling (cucumber or tomato slices, grated cheese, etc.) should be prepared.
e) The filling should be placed on one of the slices and covered with the other.
f) It should be pressed gently and chilled for some time.
g) It should be eaten when ready.
h) It will taste good.
The passive voice is used when the focus is on the action or the object that receives the action, rather than the person or thing performing the action. In the case of making a sandwich, the passive voice is useful for making the instructions clear and easy to understand.
The question was incomplete, Find the full content below:
Given below are some instructions on how to make a 'sandwich'. Read them carefully and then rewrite each of them in the passive voice.
a) Take two slices of soft bread.
b) Trim their crust.
c) Apply butter evenly on them.
d) Prepare the filling (cucumber or tomato slices, grated cheese, etc.)
e) Place filling on one of the slices and cover with the other.
f) Press gently and chill for sometime.
g) Eat it when ready,
h) It will taste good.
Please help me as fast as possible
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which of the following trends is not accurate? which of the following trends is not accurate? margin for original parts is flat replacement parts are accounting for an increasing percentage of net sales net income as a percentage of revenue is decreasing margin for replacement parts is increasing
Option A is correct. "Margin for original parts is flat" is not accurate trend.
What is Inaccurate Trends In Sales?A pattern or prediction in sales that is not backed up by factual information or proof is referred to as an erroneous trend in sales. This could happen for a variety of reasons, including false assumptions about the state of the market, erroneous forecasting techniques, or a lack of comprehension of consumer behavior. For instance, it would be deemed an erroneous trend if a business predicted that demand for their product would rise at a specific rate, but sales data revealed otherwise. Additionally, it would be deemed an erroneous trend if a corporation believed that their original parts margin was steady while in fact it was declining or rising.
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"Uterine family" is the phrase Margery Wolf uses to describe the family a woman makes by having children though they are not officially recognized as members of the same lineage.
a. True
b. False
Answer:
a. True
Explanation:
The uterine family represents the individual mother and mother children. in other way, it is you, your mother, your siblings, etc
The Uterine family implies the family description that shows the women have the children but they are not officially recorded as a members of the similar lineage
Therefore the given statement is true
Which of these is an example of intangible personal property?
O A. A computer
O B. A printer
O C. A contract
O D. A car
Answer:
C. A Contract
Explanation:
A contract is most likely to be an agreement between two parties, with or without paperwork. It provides evidence to the possession of a person's belonging. Therefore, personal property.
Company B acquired the following piece of equipment. Your staff accountant computed the book and tax depreciation. It is up to you to determine the deferred tax amounts. Equipment cost $50,000 Salvage 5,000 Useful life 5 Tax rate 21% Depreciation for book and tax purposes is as follows: Book Tax 20X1 9,000 20,000 20X2 9,000 12,000 20X3 9,000 7,200 20X4 9,000 4,320 20X5 9,000 1,480 What is the deferred taxes payable balance as of December 31, 20X3?
Answer:
$2,562
Explanation:
Excess tax depreciation 20X1 = 20,000 - 9,000 = $11,000
Excess tax depreciation 20X2 = 12,000 - 9,000 = $3,000
Excess tax depreciation 20X3 = 7,200 - 9,000 = ($1,800)
Total Excess tax depreciation $12,200
Deferred taxes payable balance,Dec 31. 20X3 = Total Excess tax depreciation * Tax rate = $12,200 * 21% = $2,562 Credit
How can Coca-Cola reduce excess inventories?
Coca-Cola reduce excess inventories by dfoing all of the following
How can Coca-Cola reduce excess inventories?Coca-Cola can reduce excess inventories through several strategies, including:
Improving demand forecasting: By accurately predicting demand, Coca-Cola can ensure that it produces only the amount of product it needs to meet that demand, reducing the amount of excess inventory it holds.
Streamlining production processes: Coca-Cola can optimize its production processes to reduce the amount of time and resources needed to produce its products. This can help to reduce the amount of inventory needed to meet demand.
Managing inventory levels: Coca-Cola can implement inventory management systems that enable it to track inventory levels and adjust production and distribution accordingly. This can help to ensure that inventory levels remain at an optimal level and reduce the amount of excess inventory.
Offering promotions or incentives to increase sales: Coca-Cola can offer promotions or incentives to encourage customers to purchase its products, which can help to reduce excess inventory by increasing demand.
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When it come to getting your alcohol awareness card
Two friends are in your business. One of them is visibly intoxicated. You tell the VIP you cannot serve him any more alcohol. The friend gives the VIP their drink. What must you do?
If you are a server or bartender with an alcohol awareness card, it is important to adhere to the laws and regulations regarding the sale and service of alcohol.
As a server or bartender with an alcohol awareness card, if a visibly intoxicated VIP is given another drink by their friend, it is your responsibility to take appropriate steps to prevent the VIP from consuming more alcohol. Politely remind the friend that it is illegal to give alcohol to someone who is visibly intoxicated and refuse to serve any more alcohol to the VIP.
Inform the friend that their action is a violation of the laws, and involve a manager or supervisor if necessary to prevent the VIP from being served any more alcohol. As a responsible server or bartender, you have a legal and ethical responsibility to serve alcohol responsibly and prevent overconsumption and impaired driving.
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The manager of a crew that installs carpeting has tracked the crew's output over the past several weeks, obtaining these figures.
Week Crew Size Yards Installed
1 4 96
2 3 72
3 4 92
4 2 50
5 3 69
6 2 52
What is the week with the highest labor productivity?
Answer: Week 6
Explanation:
Labor productivity = Yards installed/ Crew size
Week 1 = 96/4 = 24
Week 2 = 72/3 = 24
Week 3 = 92/4 = 23
Week 4 = 50/2 = 25
Week 5 = 69/3 = 23
Week 6 = 52/2 = 26
Week 6 is highest with 26 yards per crew.
According to the video, what strategy do many banks use with their employees?
They transfer workers to new locations
They hire from other banks
They promote from within
They maintain the current staff
Answer: C
Explanation:
I just took the test
Answer:
The answer is c
Explanation:
How much of the
increase in output per person in each country over the
1980 to 2010 period is due to increased labor productivity?
Answer:
Explanation:
Each of these components has helped the U.S. raise its labor productivity by 299% from 1950 to 2018. But despite the increased efficiencies of workers, the adjusted median household income only went up 152% in that 68-year period—contributing to a stark wealth divide between the rich and poor.
In this example, which type of liability can be seen in the business’s balance sheet?
Jane runs a small manufacturing business. She obtained a short-term loan to finance her business a few months ago. She now needs to pay off this debt in less than a year. The loan amount will thus be seen as a _____ in her business’s balance sheet.
The loan amount will thus be seen as a short-term or current liability in her business’s balance sheet.
What is short-term liability?Current liabilities, often known as short-term debt, refer to a company's debts that are due to be repaid within a year. In the section of a company's balance sheet devoted to total liabilities called "current liabilities," it is listed.
Long-term liabilities are due after one year or more, whereas short-term obligations are due immediately. Liabilities that are contingent on a specific occurrence and have not yet happened are known as contingent liabilities.
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The Equinox Fabrication Plant suffered a fire incident in August, and most of the records for the year were destroyed. The following accounting data for the year were recovered: Total manufacturing overhead estimated at the beginning of the year Total direct labor costs estimated at the beginning of the year Total direct labor hours estimated at the beginning of the year direct labor hours Actual manufacturing overhead costs for the year Actual direct labor costs for the year Actual direct labor hours for the year direct labor hours The company bases its manufacturing overhead allocation on the number of direct labor hours. What was the predetermined overhead allocation rate for the year? (Round your answer to the nearest cent.
The predetermined overhead allocation rate for the year is $29.40
The predetermined overhead allocation rate is referred to as the allocation rate that is used in the application of the estimated cost of manufacturing overhead to the job orders or products.
From the complete question, the predetermined overhead allocation rate will be calculated thus:
= Estimated manufacturing overhead / Estimated direct labor hours
= $105840 / 3600
= $29.40
Therefore, the predetermined overhead allocation rate is $29.40.
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Pizza International, Incorporated, reported the following information (in thousands):
Operating Activities
Net Income $ 100
Depreciation 33,305
Increase in receivables 170
Decrease in inventory 643
Increase in prepaid expenses 664
Decrease in accounts payable 8,720
Increase in accrued liabilities 719
Decrease in income taxes payable 2,721
Payments on notes payable 12,691
Cash paid for equipment 29,073
The following is the summarized income statement for Pizza International, Incorporated (in thousands):
Revenues $ 143,551
Cost of Sales 45,500
Gross Profit 98,051
Salary and Wages Expense 56,835
Depreciation 33,305
Office Expense 7,781
Net Income before Income Tax Expense 130
Income Tax Expense 30
Net Income $ 100
Required:
Based on this information, compute cash flow from operating activities using the direct method. Assume Prepaid Expenses and Accrued Liabilities relate to office expenses.
What was the primary reason that Pizza International was able to report large positive cash flow from operations despite nearly having a net loss?
The combination of adding back non-cash expenses, decreases in working capital accounts, and a decrease in inventory contributed to the large positive cash flow from operations despite nearly having a net loss.
To compute cash flow from operating activities using the direct method, we need to analyze the changes in different balance sheet accounts. Let's go step by step:
Step 1: Calculate Cash Flows from Operating Activities using the Direct Method
- Start with net income: $100,000
- Add back depreciation: $33,305
- Subtract the increase in receivables: $170
- Add the decrease in inventory: -$643 (Note: decrease is subtracted)
- Subtract the increase in prepaid expenses: -$664
- Add the decrease in accounts payable: -$8,720 (Note: decrease is subtracted)
- Subtract the increase in accrued liabilities: -$719
- Add the decrease in income taxes payable: -$2,721
- Subtract payments on notes payable: -$12,691
- Subtract cash paid for equipment: -$29,073
Cash flow from operating activities using the direct method: $99,464
Step 2: Analyzing the reason for positive cash flow from operations despite a net loss
The primary reason that Pizza International was able to report large positive cash flow from operations despite nearly having a net loss is due to non-cash expenses, such as depreciation, which is added back to net income. Depreciation is a non-cash expense that reduces net income but does not involve actual cash outflow. Therefore, adding back depreciation increases the cash flow from operating activities.
Additionally, there were decreases in working capital accounts, such as accounts payable and income taxes payable, which led to a positive impact on cash flow from operating activities. The decrease in accounts payable and income taxes payable means that Pizza International paid off its liabilities, resulting in a decrease in cash outflow.
Furthermore, there was a decrease in inventory, which also positively impacted cash flow from operating activities. Decreasing inventory reduces the amount of cash tied up in unsold goods.
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Mr Ashok has a company, and has an option to issue different types of preference shares. State all the types preference shares a company can issue.
Hansel and Gretel decide to organize a partnership. Hansel invests $15,000 cash, and Gretel contributes
$12,000 cash and equipment having a book value of $6,000 and a fair value of $9,000.
Choose the entry to record Gretel's investment in the partnership.
a.Cash....................................................................................... 12,000
Gretel, Capital ................................................. 12,000
b. Equipment ............................................................................ 6,000
Gretel, Capital .............................................. 6,000
c. Cash....................................................................................... 12,000
Equipment .................................................................... 6,000
Gretel, Capital ............................................... 18,000
d. Cash....................................................................................... 12,000
Equipment ...................................................................... 9,000
Gretel, Capital ................................................... 21,000
Answer:
c. Cash....................................................................................... 12,000
Equipment .................................................................... 6,000
Gretel, Capital .......
Explanation:
The journal entry is as follows;
Cash Dr $12,000
Equipment Dr $6,000
To Gretel capital $18,000
(Being the investment done by gretel is recorded)
Here the cash and equipment is debited as it increased the assets while on the other hand the capital account is credited as it also increased the shareholder equity
Therefore the option c is correct
Which best explains why broadcasting companies pay for the right to broadcast sporting events?
Broadcasting companies pay for the right to broadcast sporting events for the following reasons: Advertising revenue, Pay-per-view, Boost viewership.
Advertising revenue: Broadcasting companies earn income through advertising revenue, and sports events have a large audience. As a result, broadcasting companies compete to secure broadcasting rights for sports events so that they can generate advertising revenue from the broadcasts.
A large audience attracts more advertisers, and advertisers are willing to pay more to reach a larger audience, so it's a win-win situation for broadcasting companies.
Pay-per-view: Broadcasting companies often charge viewers a fee to watch live sporting events, with the fee varying based on the importance of the event and the audience size. As a result, broadcasting companies profit from live streaming sporting events through pay-per-view services.
Boost viewership: Sports events have a large following, and broadcasting companies are well aware of this fact. By securing the broadcasting rights to major sporting events, broadcasting companies can boost their viewership ratings, which can translate into higher advertising revenue.
This is particularly true for high-profile sports events such as the Super Bowl, which attracts millions of viewers from around the world. By broadcasting such events, broadcasting companies can increase their visibility and audience reach.
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the products offered by the store you visited and why you like shopping there what the photo shows us about the decisions the store has made regarding one or more of the 4 p's how these 4 p's work together to keep you coming back again and again
The store I visited offers great products, and I enjoy shopping there. The photo of the store displays how the store has made strategic decisions related to one or more of the 4 P's of marketing: product, price, promotion, and place.
The store I visited offers a variety of products including clothing, accessories, and home goods.
I enjoy shopping at this store because they excel in the 4 P's of marketing: product, price, promotion, and place.
They offer a diverse range of products that meet my needs, set affordable prices that attract customers, promote their store through advertisements and sales, and have a convenient location that's easy to access.
This strategic combination keeps me returning to their store repeatedly, as it provides a satisfying shopping experience.
The product selection is diverse, the prices are competitive, the promotions are alluring, and the location is convenient, making it a delightful shopping experience.
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True or False: In a set of numerical data, the value for Q3 can never be smaller than the value for Q1.
The sales tax hurts economic efficiency. If the Mayor’s only consideration was maximizing market efficiency, then you would recommend a zero sales tax. Suppose, though, that the Mayor is considering spending the revenue raised by the tax on a city government program. What specific advice would you give to ensure that the city’s overall economic welfare is improved from the policy and the tax levied to finance the program?
A sales tax is collected by the local and the state government. For the welfare finding.
What is a sales tax. ?The sales tax is a tax that is paid to certain goods and services. It allows the sellers to collect the finds from the taxes. When the tax is on the goods and services is given to the body directly to the consumer. The spending of the tax in the city program of the govt lead to economic welfare and improvement of the financial levels.
The sales tax affects the economics of the nation and hence the efficacy gets decreased. If the mayor's only consideration was to maximize the efficiency of the market then you would recommend a zero sales tax. On the basis of the mayor consideration that the revenue is raised for the tax.
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Problem 8, MacroSoft Inc. has capitalized $600,000 of software costs. Sales from this product were $360,000 in the first year. MacroSoft estimates additional revenues of $840,000 over the product’s economic life of 5 years.
Instructions
Prepare the journal entry to record software cost amortization for the first year. Show all computations.
Journal Entry:
Date: [First year-end date]
The amortization expense for the first year is $120,000.
Debit: Amortization Expense - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Credit: Accumulated Amortization - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Explanation:To record the software cost amortization for the first year, we need to allocate a portion of the capitalized software costs as an expense. Since the software has an estimated economic life of 5 years, we divide the total software cost ($600,000) by 5 to determine the annual amortization expense. In this case, the amortization expense for the first year is $120,000. We debit the Amortization Expense - Software Cost account to recognize the expense and credit the Accumulated Amortization - Software Cost account to accumulate the amortization over time.For more such questions on Journal Entry
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ABC Company ended Year 1 with the following account balances: Cash $600, Common Stock $400, and Retained Earnings $200. The following transactions occurred during Year 2: Issued common stock for $19,000 cash. ABC borrowed an additional $11,000 from Chris Bank. ABC earned $9,000 of revenue on account. ABC incurred $4,000 of operating expenses on account. Cash collections of accounts receivables were $6,000. ABC provided additional services to customers for $1,000 cash. ABC purchased land for $14,000. ABC used $3,000 in cash to make a partial payment on its accounts payable. ABC declared and paid a $200 dividend to the stockholders On December 31 ABC had accrued salaries of $4,000. What is the amount of net income (loss) reported on the December 31, Year 2 income statement
If ABC declared and paid a $200 dividend to the stockholders On December 31 ABC had accrued salaries of $4,000. The amount of net income (loss) reported on the December 31, Year 2 income statement is $2,000.
First step is to calculate the revenue
Revenue = Earned revenue on account + Provided services for cash
Revenue =$9,000+$1,000
Revenue = $10,000
Second step is to calculate the expenses
Expenses =Operating expenses + Accrued salaries
Expenses=$4,000+$4,000
Expenses= $8,000
Third step is to calculate the Net income
Net income = Revenue − Expenses
Net income=$10,000- $8,000
Net income=$2,000
Inconclusion if ABC declared and paid a $200 dividend to the stockholders On December 31 ABC had accrued salaries of $4,000. The amount of net income (loss) reported on the December 31, Year 2 income statement is $2,000.
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Assigning common fixed costs to segments impacts ______. Multiple choice question. neither segment margin nor total corporate profit segment margin only total corporate profit only both segment margin and total corporate profit
Both the segment margin and total corporate profit are affected by the assigning of common fixed costs to segments.
What is a Common Fixed cost?A common fixed cost refers to a fixed cost which supports the firm activities of the different business segments.
Usually, it is very hard to separate the common fixed cost from each segment or unit.
Hence, the segment margin and total corporate profit are affected by the assigning of common fixed costs to segments.
Therefore, the Option D is correct.
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All terms of contracts, even "fine-print" terms of standard form contracts, are part of the parties' deal and binding on them, because parties have an obligation to read their contracts and are assumed to have done so.
T/F
The statement is generally true. When parties enter into a contract, they are presumed to have read and understood the terms of the contract, including any fine print or standard form language. This is known as the principle of "caveat emptor," which means "let the buyer beware."
Courts generally assume that the parties to a contract have entered into the agreement voluntarily and with a full understanding of its terms. As such, parties are typically bound by all of the terms of the contract, even if they did not fully read or understand them. However, there are some exceptions to this principle. For example, if one party engages in fraud or misrepresentation, or if the contract terms are unconscionable or illegal, a court may refuse to enforce the contract or certain provisions of it. Nonetheless, parties should take care to read and understand the terms of any contract before signing it to avoid any misunderstandings or legal issues down the line.
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Jahar is very friendly and loves interacting with customers. He has a lot of knowledge about loans and the risks associated with them. In which Finance career does Jahar work? Business Finance Management Financial Investment Planning Insurance Services Banking and Related Services
Answer:
C
Explanation: I took the Unit Test and got it right!
Answer: C : Insurance Services
Explanation: this is on Edgenutiy unit test
Part A
Step 1 Starting at MIDNIGHT, (12:01am) ending 3 days later (72hr) at MIDNIGHT (11:59pm) You can start any day of the week, upto Sat Mar 04.
For a minimum of 3 consecutive days monitor the time you spend doing the 8 different activities listed below
NOTE: Avoid using weekends only in your monitoring and try to stay with mid-week,
e.g. Tues, Wed, Thurs, where majority of days are mid-week.
Use the attached time sheets to record blocks of time. Round off to the nearest hour. Precision isn’t the goal. e.g. 2hrs and 20 minutes, would be rounded down to 2 hours. 2 hrs and 30 minutes would be rounded up to 3 hrs.
The full 24 hours of each day must be accounted for.
The following 8 categories are recommended to cover the majority of possible activities one might perform in the course of a day.
Sleep
Personal maintenance (showers, laundry, housecleaning, grocery shopping, family requirements etc.)
Travel (to work, to school, or for appointments)
Work hours (total hours at the workplace, excluding lunch or breaks)
School (total hours in classes, plus time spent, studying, re-writing notes, completing assignments, time on blackboard)
Fitness (formal or informal, attending the gym or walking home from work)
Recreation (other than fitness related, TV, Movies, Leisure reading, online shopping, crafts, Video games, children’s sports activities, dates, coffee meet ups)
Volunteer activities (United Way, Big Brothers/Sisters, your religious institution activities, PTA with schools)
Three day's activities
Time day day day
Activities Activities Activities
12:01-
1:00am
1:00am-
2:00am
2:00am-
3:00am
3:00am-
4:00am
4:00am
5:00am
5:00am-
6:00am
6:00am=
7:00am
7:00am-
8:00am
8:00am-
9:00am
9:00am-
10:00am
10:00am
11:00am
11:00am-
12:00pm
12:00pm
1:00pm
1:00pm-
2:00pm
2:00pm-
13:00pm
3:00pm-
4:00pm
4:00pm-
5:00pm
5:00pm-
6:00pm
6:00pm-
7:00pm
17:00pm-
8:00pm
8:00pm-
9:00pm
9:00pm-
10:00pm
10 00pm
11:00pm
11:00pm-
11:59pm
Here is an example of a three-day activity log:
The Activity LogDay 1:
Time Sleep Personal Travel Work School Fitness Recreation Volunteer
12:01-1:00 1
1:00-2:00 1
2:00-3:00 1
3:00-4:00 1
4:00-5:00 1
5:00-6:00 1 1
6:00-7:00 1 1
7:00-8:00 1 1
8:00-9:00 1 1
9:00-10:00 1 1
10:00-11:00 1 1
11:00-12:00 1 1
12:00-1:00 1
1:00-2:00 1
2:00-3:00 1
Day 2:
Time Sleep Personal Travel Work School Fitness Recreation Volunteer
12:01-1:00 1
1:00-2:00 1
2:00-3:00 1
3:00-4:00 1
4:00-5:00 1
5:00-6:00 1 1
6:00-7:00 1 1
7:00-8:00 1 1
8:00-9:00 1 1
9:00-10:00 1 1
10:00-11:00 1 1
11:00-12:00 1 1
12:00-1:00 1
1:00-2:00 1
2:00-3:00 1
Day 3:
Time Sleep Personal Travel Work School Fitness Recreation Volunteer
12:01-1:00 1
1:00-2:00 1
2:00-3:00 1
3:00-4:00 1
4:00-5:00 1
5:00-6:00 1 1
6:00-7:00 1 1
7:00-8:00 1 1
8:00-9:00 1 1
9:00-10:00 1 1
10:00-11:00 1 1
11:00-12:00 1 1
12:00-1:00 1
1:00-2:00 1
2:00-3:00 1
Note: The actual activities and time allocation would depend on the individual's personal and work life. This is just an example to illustrate how the log can be filled out.
It's important to be honest and accurate while filling out the log to get the most benefit from it.
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Class Work (2 individuals)
1. Rama company issues 120000 10% debentures of $ 10 each at a premium of 10%.
The costs of floatation are 4%. The rate of tax applicable to the company is 55%.
Complete the cost of debt capital.
The cost of debt capital for Rama company is 5.2%.
To calculate the cost of debt capital for Rama company, we need to consider the interest paid on the debentures, the premium received on the debentures, and the costs of floatation.
Firstly, we can calculate the total amount of funds raised by issuing the debentures:
120,000 debentures * $10 face value = $1,200,000
Since the debentures are issued at a premium of 10%, the company receives an additional amount of:
$1,200,000 * 10% = $120,000
However, the cost of floatation is 4%, which means that the company has to pay:
$1,200,000 * 4% = $48,000
Therefore, the net amount of funds raised by the company is:
$1,200,000 + $120,000 - $48,000 = $1,272,000
Next, we need to calculate the interest paid on the debentures. The debentures carry an interest rate of 10%, which means that the annual interest payable by the company is:
$1,200,000 * 10% = $120,000
However, since the debentures are issued at a premium, the interest paid is tax-deductible. Therefore, the after-tax cost of debt can be calculated as follows:
Interest paid on debentures * (1 - tax rate)
= $120,000 * (1 - 55%)
= $120,000 * 0.45
= $54,000
Finally, we can calculate the cost of debt capital using the following formula:
Cost of debt capital = (interest paid - tax shield) / net amount raised
= ($120,000 - $54,000) / $1,272,000
= $66,000 / $1,272,000
= 0.052 or 5.2%
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A manufacturing company has total liabilities of $52,000 and total stockholders' equity of $75,000. What is the debt-to-equity ratio?
Answer:
0.693
Explanation:
Debt to equity ratio= Total liability/ Shareholder equity
=$52,000/$75,000= 0.693
Brad owns a small townhouse complex that generates a loss during the year.
Complete each item below regarding (a) the circumstances where Brad can deduct a loss from the rental activity and (b) any limitations that would apply.
a. Brad might be allowed to deduct up to $ ...............of the passive activity losses from the townhouse complex against ................. income. To qualify for the deduction under the real estate rental exception, Brad must actively participate in the activity and own ................... or more of all interests in the activity for the entire taxable year.
Or, Brad may be allowed to deduct the loss if he works more than .............. hours as a material participant in connection with the townhouse complex and more than ................. of the personal services that he renders are performed in real property businesses where he materially participates. If Brad does not satisfy the the requirements for these two exceptions, he must continue to treat income and losses from real estate rental activities as .............. activity income and losses.
b. If Brad, who files single, qualifies for the real estate rental exception, the maximum deduction is reduced if his AGI exceeds the threshold. The reduction is equal to ............ of AGI in excess of $............... The deduction will be phased out completely if AGI reaches $...................
Answer:
a. Brad might be allowed to deduct up to $25,000
or Brad may be allowed to deduct the loss if he works more than 750 hours as a material participant in connection with the townhouse complex and more than half of personal service.
b. The reduction is equal to 50% of AGI in excess of $100,000. The deduction will be phased out completely if AGI reaches $25,000
Explanation:
Adjusted Gross Income is the final taxable income after all the allowable deductions are adjusted in the income. A tax payer can deduct up to $25,000 for the passive losses. This is standard deduction which Brad can deduct from the income.
All leaders tend to share several common characteristics.
O True
O False
Answer:
O True
Explanation: