Answer:
d) $100,000
Explanation:
In answer to this question, Tricia must include $100000 as the amount of the discharge of indebtedness from the disposition of her principal residence when when she is completing her Schedule CA for the year 2019.
We have option d, 100000 dollars as the answer because the amount of debt forgiven is known to be taxable.
The discount rate is the: multiple choice 1 interest rate at which banks can borrow reserves from other banks. lowest interest rate that banks can charge for loans to their most creditworthy customers. lowest interest rate that banks can charge for lending reserves to other banks or financial institutions. interest rate at which banks can borrow reserves from the Federal Reserve. b. If the Fed were to decrease the discount rate, banks will borrow: multiple choice 2 fewer reserves, causing an increase in lending and the money supply. more reserves, causing an increase in lending and the money supply. more reserves, causing a decrease in lending and the money supply. fewer reserves, causing a decrease in lending and the money supply.
Answer:
a. The discount rate is the
interest rate at which banks can borrow reserves from the Federal Reserve.The discount rate is the interest rate that the FED charges commercial banks, credit unions, or other financial institutions for lending them money.
b. If the Fed were to decrease the discount rate, banks will borrow
more reserves, causing an increase in lending and the money supply.Lowering the discount rate is considered part of an expansionary monetary policy since banks will borrow more money and lend more money to the public, increasing the money supply.
Given the vast resources available to mutual fund managers, these managers on average have generally: Multiple Choice outperformed the overall market on a risk-adjusted basis. eliminated excess profits for arbitrageurs. beat broad-based indexes. proved the market to be strong form efficient. underperformed the market on a risk-adjusted basis.
Answer: underperformed the market on a risk-adjusted basis.
Explanation:
A mutual fund manager is someone who implements a investment strategy for a fund and helps.in the management of the trading activities as well. They simply help in overseeing the mutual funds and also help in making vital decisions regarding such investments.
Given the vast resources available to mutual fund managers, these managers on average have generally underperformed the market on a risk-adjusted basis. They've not been able to beat the market while some have even run at a loss as they made bad investment decisions.
Alan's employer maintains a long-term disability income plan on which it pays all premiums. Last year, Alan received $40,000 in benefits under the plan during his period of disability. How much of the benefits received, if any, must Alan include in his income
Answer:
$40,000
Explanation:
If Alan had paid the disability insurance himself, then disability income would not be taxable. But since Alan's employer paid the disability insurance premiums, then any disability payments that Alan received must be included in his gross income and are taxable.
The amount of the benefit received if any must Alan include in his income should be $40,000.
The following information should be considered:
In the case when Alan had paid the disability insurance himself, then disability income would not be taxable. But since Alan's employer paid the disability insurance premiums, then any disability payments that Alan received must be included in his gross income and are taxable.Learn more: brainly.com/question/16911495
You write one IBM July 120 call contract for a premium of $10. You hold the option until the expiration date when IBM stock is at $123 per share. How much profit or loss you will realize on the investment
Answer:
The answer is loss of $7
Explanation:
For the buyer of call profit (long) =
Max[0,(St -Sx)] - P
where St is the underlying price of the security
Sx is the excercise price
P is the premium price paid
Max [0, ($123 - $120)] - $10 =
$3 - $10
Loss of $7
If the dividend yield for year 1 is expected to be 5% based on a stock price of $25, what will the year 4 dividend be if dividends grow annually at a constant rate of 6%
Answer:
$1.33
Explanation:
Calculation for what will the year 4 dividend be
Using this formula
Year 4 dividend=[(Expected dividend yield×Stock price)×(1+Constant rate )]
Let plug in the formula
Year 4 dividend = [(.05 × $25) × (1+0.06)]
Year 4 dividend=(.05 × $25) × 1.06
Year 4 dividend=1.25×1.06
Year 4 dividend= $1.33
Therefore what will the year 4 dividend be if dividends grow annually at a constant rate of 6% is $1.33
Milhouse is a franchisee of Krusty Burger, LLC Their contract gives Krusty Burger the right to control virtually all aspects of Milhouse’s operation, including the hiring of employees. One of the employees, Nelson commits a tort against Ralph, one of Milhouse’s customers. Ralph files a suit against Krusty Burger. Krusty Burger is most likely
Answer:
risks liability under the doctrine of respondeat superior.
Explanation:
A franchise is a seperate business that uses the parent business brand.
The parent company can give in addition to the brand support in training, provision of some inventory, hiring, and so on.
According to the contract signed between them Krusty burger controls all aspects of the Milhouse operations, so they are a respondeat superior.
This means they are responsible for the actions of Milhouse because of their level of involvement in the franchise operations.
In the given scenario Nelson commits a tort against Ralph, one of Milhouse’s customers. Ralph files a suit against Krusty Burger.
Krusty burger will be liable because they are a respondeat superior
Last year Ace charged $2,056,000 Depreciation on the Income Statement of Andrews. If early this year Ace sold all its depreicable assets for their book value, the effect on Andrews's financial statements would be (all other items remaining equal):_________
a. Increase Net Cash from operations
b. Decrease Net Cash from operations on the Cash Flow Statement
c. No impact on Net Cash from operations
d. Just impact the Balance Sheet
Answer: d. Just impact the Balance Sheet
Explanation:
The sale of the assets would impact the balance sheet because it would reduce the amount of fixed assets that the company records as assets which means that assets as a whole will be reduced.
The Cashflow statement will also be affected because cash would come in from the sales but this will be reflected in the investing activities not the operating activities.
Blue Spruce Corp. purchases a patent for $320,000 on January 2, 2022. Its estimated useful life is 16 years. Prepare the journal entry to record amortization expense for the first year.
What is the price of a three-year coupon bond with a coupon rate of 1%, face value equal to $100, and a current interest rate of 0.75%? Do not include any symbols in your answer.
Answer: 100.74
Explanation:
Face value= $100
Coupon payment = $100 × 1% = $100 × 1/100 = $100 × 0.1 = $1
Interest rate = 0.75% = 0.75/100 = 0.0075
The price of the bond will be:
= 1/(1 + 0.0075) + 1/(1 + 0.0075)^2 + 1/(1 + 0.0075)^3
= 100.74
Assume that interest rate parity holds and that 90-day risk-free securities yield 6% in the United States and 6.5% in Germany. In the spot market, 1 euro equals $1.35. What is the 90-day forward rate
Answer: 1.356345
Explanation:
Based on the scenario and information provided in the question, the 90-day forward rate will be calculated as:
= Spot Rate × (1 + Germany Interest Rate) / (1 + United States Interest Rate)
= 1.35 × (1 + 6.5%) / (1 + 6%)
= 1.35 × (1 + 0.065) / (1 + 0.06)
= 1.35 × 1.065/1.06
= 1.35 × 1.0047
= 1.356345
Select the example that is inconsistent with the provisions of the UCC for contract remedies for a seller's breach of contract.
a) A cell phone company specifies in its sales contract that if a product is defective, the buyer's only remedy is to receive a replacement phone.
b) The sales contract for an art dealer excludes specific performance as a remedy for non-delivery of items ordered by the buyer, but it does not exclude all remedies.
c) An appliance manufacturer's sales contract gives buyers a maximum of six months to raise any concerns relating to breach of contract.
d) In its sales contract, an airplane manufacturer eliminates responsibility for consequential damages related to loss of business in the case of a delivery error.
Answer:
The example that is inconsistent with the provisions of the UCC for contract remedies for a seller's breach of contract is:
c) An appliance manufacturer's sales contract gives buyers a maximum of six months to raise any concerns relating to breach of contract.
Explanation:
Consumers have up to six years to raise concerns relating to breach of contract, even though the goods under the contract may not last up to this period. Therefore, the provision by the appliance manufacturer that buyers have a maximum of six months to raise concerns is inconsistent with the Uniform Commercial Code (UCC). The code sets the same comprehensive laws for all commercial activities in the US.
The reserve requirement is 20% and Leroy deposits his $1,000 check he received as a graduation gift in his checking account. The bank does NOT want to hold excess reserves. Which of the following is an accurate description of the bank's balance sheet immediately after the deposit?A. Reserves increase by $1000, and demand deposits increase by $1000.B. Reserves increase by $1000, and demand deposits decrease by $1000.C. Reserves decrease by $1000, and demand deposits decrease by $1000.D. Reserves decrease by $200, and demand deposits increase by $1000.
Answer:
A. Reserves increase by $1000, and demand deposits increase by $1000
Explanation:
Based on the information given the right description of the bank's balance sheet after the deposit is that the bank RESERVE will increase with the amount of $1,000 while the DEMAND DEPOSIT which is the deposit amount the customer can collect on demand on the other hand will as well increase with the amount of $1,000 reason been that the bank need RESERVE requirements because they need to have cash flow in their reserve in order to meet up with any liabilities that may arise due to customers withdrawal of fund.
During the recent economic downturn, your community has experienced unemployment rates of approximately 9%. What can be done to mitigate the effects of the financial impact to your organization
Answer:
Reducing the expenditures of the organization by cutting the cost in order to balance or be stable in the economic depression is the most important strategy so far.
Explanation:
Remedies to mitigate the effects of the financial impact to your organization caused due to economic downturn:
Reducing the expenditures of the organization by cutting the cost in order to balance or be stable in the economic depression is the most important strategy so far. Let's see how.
As we know the basic formula of financial management.
Financial Statement = Income + Expenditure.
Obviously, in the time of economic downturn or depression, the first thing and the most important thing is to cutting the unnecessary cost. To be in financial equilibrium, organization has to reduce its manpower. Reduce the defects as much as possible. Reduce wastage as much as possible. Lower the utility bills by reducing the use of unnecessary devices. Promotion of human resources and benefits plus bonuses must be held in abeyance in this difficult time. In this whole scenario, group leaders and higher authorities playing the role of leaders of the organization has the utmost responsibility to bring their employees and staff in confidence. As a result, organization will undoubtedly survive the wave of depression in the long run.
Vaughn Manufacturing gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per books, 8/31 $28600 Deposits in transit 1200 Notes receivable and interest collected by bank 6900 Bank charge for check printing 160 Outstanding checks 16300 NSF check 1390 The adjusted cash balance per books on August 31 is
Answer:
$33,950
Explanation:
Calculation for The adjusted cash balance per books on August 31 is
Cash balance per books, 8/31 $28,600
Add Notes receivable and interest collected by bank 6,900
Less Bank charge for check printing (160)
Less NSF check (1,390)
Adjusted cash balance per books $33,950
Therefore the adjusted cash balance per books on August 31 is $33,950
Determine if the numerical value describes a parameter or a statistic.
A recent poll of 1887 corporate executives showed that the average price of their cars is $44,200.
Answer:
Sample Statistic
Explanation:
The given statement is "A recent poll of 1887 corporate executives showed that the average price of their cars is $44,200".
We need to determine if the numerical value describes a parameter or a statistic.
The average price of their cars is $44,200. It is a sample point of the data. It shows only an attribute of car. Hence, the numerical value describes a statistic.
You should use a(n) _____________ to track the mean diameter of the pipe for a manufacturing process producing copper pipes.
Answer: String
Explanation:
How the measurement is done with a string;
•Wrap a string around the pipe.
•Mark the point where the string touches together.
•Use a ruler or measuring tape to find the length between the tip of the string and the mark you made (circumference)
•Divide the circumference by 3.14159.
A Kred score metric identifies with the ________ goal for social media metrics. Question 4 options: A) brand awareness B) conversion rate
Incomplete question. The Options;
a. user engagement
b. key performance indicator
c. web site traffic
d. conversion rate
e. brand awareness
Answer:
e. brand awareness
Explanation:
Note, we are looking at the application of Kred score in business promotion using social media. Since brand influencers often use Kred to measure how much Influence they have, it rightly identifies with the goal for social media metrics.
By means of these metrics, For example, a smartphone company can easily track how many people have recently viewed their video ad of its new smartphone model.
Nakatutulong
dahil
sa
ating
internet
pakikipag-ugnayan
ang
hindi lamang sa pakikipag-ugnayan sa ating kapwa kundi pati na rin sa
Malaki ang naitutulong ng ICT
Napakaraming uri ng impormasyon ang maaaring makuha sa internet, gaya ng
Answer:
seriously what is this?
Select the true statement about the relationship between law, ethics, and business.
a. People generally have similar opinions on what actions or conduct are called moral, and the marketplace rewards businesses that conduct themselves in such a manner.
b. Each person has a different definition of what is moral or ethical, so it is not possible for businesses to know what qualifies as ethical conduct.
c. The marketplace is generally unconcerned with whether or not businesses conduct themselves morally, since morality is difficult to define.
d. Since morals and ethics are not objective and cannot be specifically measured, the relationship between the value of a business and its ethical conduct is murky at best.
Answer:
A
Explanation:
A contact center manager is looking for ways to overall cost per case.
What Salesforce metrics should the contact center manager evaluate? (Choose 2)
A. Average number of activities per case
B. Average number of articles attached to a case
C. Total number of cases by origin
D. Average customer satisfaction score by case
An average number of activities per case and a Total number of cases by origin Salesforce metrics should the contact center manager evaluate. Therefore option A and C is correct.
A cost is a sum of money that was used during the production or delivery of a service or item that is therefore no longer accessible for use. In the case of an asset value, the money spent on the acquisition is considered the cost. In this instance,
Money is the input used to obtain the item. This acquisition cost may include both additional transaction expenses incurred by the acquirer over and beyond the price given to the producer, as well as the manufacturing costs as borne by the original producer. Typically, there is a profit margin added to the price over the cost of manufacturing.
Cost is a measure that adds up as a result of a procedure or as a difference in the outcome of a decision, to put it more broadly in the context of economics. Cost is hence the metric employed in the common modeling paradigm for economic processes.
To learn more about cost follow the link.
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For bonds issued 2019, the taxpayer must amortize bond premium using which of the following methods?
a. Straight-Line Method
b. Constant Yield Method
c. Activity Depreciation Method
d. Double Declining Balance
Answer:
For bonds issued 2019, the taxpayer must amortize bond premium using the following method:
a. Straight-Line Method.
Explanation:
The premium paid by the taxpayer for a bond represents part of the cost basis of the bond. The bond premium can be tax-deductible at a rate spread out (amortized) over the bond's lifespan. The straight-line method for bond premium amortization is considered to be a simpler method than the effective interest amortization method. While the straight-line amortization divides the bond's total premium over the remaining payment periods, the effective interest, which is more complicated, computes some unique values at all points during the amortization process.
Raheem bought stock in a tech company that had just announced a dividend. He did not receive the dividend even though the record date had not yet passed when he purchased it. This is because he purchased the stock on or after the __________ date.
a. payment
b. ex-dividend
c. declaration
d. in-dividend
Answer:
b. ex-dividend
Explanation:
The dividend would only be paid to those investors who have purchased the stock prior to the ex-dividend date now if Raheem buy the stock on or after the ex-dividend rate so he would not be eligible for the dividend
Therefore as per the given situation, since he did not received the dividend this is because he purchased the stock on or after of ex-dividend date
Therefore the option b is correct
What term refers to people who are trendy and fashionable in order to impress others and are often impulse buyers?
a. stretchers
b. stunners
c. survivors
d. strivers
Answer: Strivers
Explanation:
The term that refers to people who are trendy and fashionable in order to impress others and are often impulse buyers is Strivers.
It should be noted that Strivers are usually consumers that are from low income families but they so much believe in style and fashion and really wants to impress and emulate celebrities or high income earners who use lastest trends or fashion.
Palmer Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in net income after tax of $105,000. The equipment will have an initial cost of $473,000 and have a 10 year life. If the salvage value of the equipment is estimated to be $84,000, what is the payback period?A. 10.00 yearsB. 5.25 yearsC. 4.50 yearsD. 3.29 years
Answer:
D. 3.29 years
Explanation:
Payback period = Initial cost / (An annual increase in net income after tax + Depreciation per year )
Payback period = $473,000 / [$105,000 + ($473,000-$84,000)/10]
Payback period = $473,000 / [$105,000+$38,900
Payback period = $473,000 / $143,900
Payback period = 3.28700
Payback period = 3.29 years
An economy consists of three workers: Brian, Edison, and Kevin. Each works 10 hours a day and can produce two services: mowing lawns and washing cars. In an hour, Brian can either mow 2 lawns or wash 1 car; Edison can either mow 1 lawn or wash 1 car; and Kevin can either mow 1 lawn or wash 2 cars.
For each of the scenarios listed below, determine how many lawns will be mowed and how many cars will be washed per day.
a. All three spend all their time mowing lawns. (A)
b. All three spend all their time washing cars. (B)
c. All three spend half their time on each activity. (C)
d. Tim spends half his time on each activity, while Brian only washes cars and Edison only mows lawns. (D)
Answer:
Brian can mow 2 lawns or wash 1 car in an hour. Edison can do one of each and Kevin can mow 1 lawn or wash 2 cars.
a. All three send their time mowing lawns:
= (2 * 10) + (1 * 10) + (1 * 10)
= 40 lawns
No cars washed.
b. All three spend all their time washing cars.
No lawns.
Cars washed = (1 * 10) + (1 * 10) + (2 * 10)
= 40 cars washed
c. All three spend half their time on each activity.
Half their time = 5 hours.
Lawns mowed = (2 * 5) + (1 * 5) + (1 * 5)
= 20 lawns mowed
Cars washed = (1 * 5) + (1 * 5) + (2 * 5)
= 20 cars washed
d. Kevin spends half his time on each activity, while Brian only washes cars and Edison only mows lawns. (D)
Lawns mowed = (1 * 5) + (1 * 10)
= 15 lawns mowed
Cars washed = (2 * 5) + (1 * 10)
= 20 cars washed
A collaborative selling environment makes the sales pitch more challenging for salespeople.
O True
O False
Answer:
O True
Explanation:
In the case when the selling environment is collaborative so it would make the sales pitch more challenging for the sales people
Here collaborative selling means the collaboration that does not between the sales team members but it would be done between the sales people and the customers
So the given statement is true
Hence, it is not false
What are the global implications for the product or service you are marketing? What are the global implications of your marketing strategy and recommendations? “Rockstar video games”
Answer:
The global implications for the product or service you are marketing is explained below in complete details.
Explanation:
The principal involvement of a marketing maneuvering is the familiarization approaching gathering customer requirements that appears in enhanced customer fulfillment and satisfaction. ... Such a marketing maneuvering is intended to achieve and to grow new customers as you develop a more agreeable character.
On January 2, 2005 Garr Company acquired machinery at a cost of $320,000. This machinery was being depreciated by the double-declining-balance method over an estimated useful life of eight years, with no residual value. At the beginning of 2007 it was decided to change to the straight-line method of depreciation. Ignoring income tax considerations, the retrospective effect of this accounting change is:__________.
Answer:
The depreciation charge will be lower in 2007 using straight line method compared to the one produced by double-declining-balance method
Explanation:
Double-declining-balance method
Depreciation Expense = 2 × SLDP × BVSLDP
Therefore,
SLDP = 100 ÷ number of useful life
= 100 ÷ 8
= 12.5 %
Calculation of Depreciation Expenses (DE)
2005
DE = 2 × 12.5 % × $320,000
= $80,000
2006
DE = 2 × 12.5 % × ($320,000 - $80,000)
= $60,000
2007
DE = 2 × 12.5% × ($320,000 - $80,000 - $60,000)
= $45,000
Using Straight line Method for 2007 Depreciation Expense
Accumulated Depreciation (2005 to 2006) = $80,000 + $60,000
= $ 140,000
Depreciable Amount = Cost - Accumulated Depreciation
= $320,000 - $140,000
= $180,000
DE = (Cost - Residual Value) ÷ Remaining Useful Life
= $180,000 ÷ 6
= $30,000
Conclusion :
Comparing 2007 Depreciation Expense using double-declining-balance method against straight-line method of depreciation we can see that straight-line method of depreciation produces lower results.
Sheldon must take a required minimum distribution from his retirement plan by December 31, 2020 to avoid an additional tax due.a) trueb) false
Answer:
Explanation:
A
Kuzu Company discovers in 2019 that its ending inventory at December 31, 2018, was $7,000 understated. What effect will this error have on (a) 2018 net income (b) 2019 net income (c) the combined net income for the 2 years
Answer:
Kuzu Company
Effect of understatement of ending inventory at December 31, 2018 by $7,000:
a) 2018 net income was understated by $7,000. It should increase by $7,000
b) 2019 net income was overstated by $7,000. It should reduce by $7,000.
c) the combined net income for the 2 years: No effect.
Explanation:
When Kuzu's ending inventory at December 31, 2018 was understated, it implies that its net income was also understated by $7,000. This ending inventory becomes the beginning inventory for 2018. The understatement of the previous year's ending inventory (and net income) will become overstatement of the current year's net income. However, when the two years are combined, the net income will not be affected as one understatement cancels the other overstatement.