Matching Definitions with Information Releases Made by Public Companies Following are the titles of various information releases. Match each definition with the related release by entering the appropriate letter in the space provided.
Definitions Information Release
Report of special events (e.g., auditor changes, mergers) (1) Form 10-Q
filed by public companies with the SEC.
Brief unaudited report for quarter normally containing (2) Quarterly report
summary income statement and balance sheet.
Quarterly report filed by public companies with the SEC (3) Press release
that contains additional unaudited financial information.
Written public news announcement that is normally (4) Annual report
distributed to major news services.
Annual report filed by public companies with the SEC (5) Form 10-K
that contains additional detailed financial information.
Report containing the four basic financial statements for (6) Form 8-K
the year, related notes, and often statements by
management and auditors.

Answers

Answer 1

Answer:

1. Form 10-Q ⇒ Quarterly report filed by public companies with the SEC that contains additional unaudited financial information.

2. Quarterly report. ⇒ Brief unaudited report for quarter normally containing! summary income statement and balance sheet.

3. Press release  ⇒ Written public news announcement that is normally distributed to major news services.

4. Annual report  ⇒ Report containing the four basic financial statements to the year, related notes, and often statements by management and auditors.

5. Form 10-K ⇒ Annual report filed by public companies with the SEC that contains additional detailed financial information.

6. Form 8-K ⇒ Report of special events (e.g., auditor changes, mergers) filed by public companies with the SEC.

Matching Definitions With Information Releases Made By Public Companies Following Are The Titles Of Various

Related Questions

Which of the following refers to duties imposed by a government on imported goods?
A subsidies
B rounds
C tariffs
D quotas

Answers

The best answer to go with is b

The Federal Reserve buys $38.00 million in Treasury securities. If the required reserve ratio is 30.00%, and all currency is deposited into the banking system, and banks hold excess reserves of 10%, then the maximum amount the money supply can increase is $_______ million.

Answers

Answer:

$95 million

Explanation:

When the Feds buys securities, it is an expansionary monetary policy

Expansionary monetary policy : these are polices taken in order to increase money supply. When money supply increases, aggregate demand increases. reducing interest rate and open market purchase are ways of carrying out expansionary monetary policy

Required reserves is the percentage of deposits required of banks to keep as reserves by the central bank

Required reserves = reserve requirement x deposits

Excess reserves is the extra that it kept by banks

Money supply = deposit / total reserves

total reserves = 30 + 10 = 40%

total increase in money supply = $38 / 0.4 = $95 million

Okay favorite Haikyuu character GO!

Answers

kuroo or kageyama
can’t choose one ah

Answer:

It's either Iwaizumi or suna- or kenma

Explanation:

JASEISJJEUDJ IT'S HARD TO PICK

Department S had no work in process at the beginning of the period. It added 14,800 units of direct materials during the period at a cost of $103,600; 11,100 units were completed during the period; and 3,700 units were 40% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $56,000 and factory overhead was $9,200. The total conversion costs for the period were a.$56,000 b.$9,200 c.$46,800 d.$65,200

Answers

Answer:

d.$65,200

Explanation:

Calculation to determine what The total conversion costs for the period were

Direct labor $56,000

Add Factory overhead $9,200

Total conversion costs $65,200

($56,000+$9,200)

Therefore the total conversion costs for the period were $65,200

During 2018, Raines Umbrella Corp. had sales of $763,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $462,000, $103,000, and $148,500, respectively. In addition, the company had an interest expense of $73,800 and a tax rate of 22 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully tax deductible.)
a. What is the company’s net income/loss for 2018? (Do not round intermediate calculations. Enter your answer as a positive value.)
b. What is the company's operating cash flow? (Do not round intermediate calculations.)

Answers

Answer and Explanation:

The computation is shown below;

a. The net income or loss for the year 2018 is

Sales $763,000

Less: COGS $462,000

Less: A&S expenses $103,000

Less: Depreciation $148,500

EBIT $49,500

Less: Interest $73,800

Taxable income -$24,300

Less: Taxes(22%) $0

Net income(loss) -$24,300

Net loss = $24,300

b. The operating cash flow is

OCF = EBIT + Depreciation - Taxes

= $49,500 + $148,500 - $0

 = $198,000

Beck Manufacturing reports the following information in T-account form for 2019. Raw Materials Inventory Begin. Inv. 11,600 Purchases 57,000 Avail. for use 68,600 DM used 48,000 End. Inv. 20,600 Work in Process Inventory Begin. Inv. 16,000 DM used 48,000 Direct labor 31,100 Overhead 57,000 Manuf. costs 152,100 Cost of goods manuf. 138,200 End. Inv. 13,900 Finished Goods Inventory Begin. Inv. 17,200 Cost of goods manuf. 138,200 Avail. for sale 155,400 Cost of Goods Sold 136,500 End. Inv. 18,900 Required: 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year.

Answers

Answer:

Beck Manufacturing

1. Schedule of the Cost of Goods Manufactured for the year:

Beginning WIP Inventory              16,000

Direct Materials used                   48,000

Direct labor                                     31,100

Overhead applied                        57,000

Total manufacturing costs          152,100

Less Ending WIP Inventory          13,900

Cost of goods manufactured   138,200

2. Cost of goods sold for the year:

Beginning Finished Goods        17,200

Cost of goods manufactured 138,200

Goods available for sale         155,400

Less Ending Finished Goods   18,900

Cost of Goods Sold               136,500

Explanation:

a) Data and Calculations:

T-account form for 2019.

Raw Materials Inventory

Account Title     Debit    Credit

Begin. Inv.         11,600

Purchases       57,000

DM used                        48,000

End. Inv.                         20,600

Avail. for use  68,600   68,600

Work in Process Inventory

Account Title     Debit    Credit

Begin. Inv.        16,000

DM used         48,000

Direct labor      31,100

Overhead       57,000

Cost of goods manuf. 138,200

End. Inv.                         13,900

Manuf. costs 152,100  152,100

Finished Goods Inventory

Account Title     Debit    Credit

Begin. Inv.          17,200

Cost of goods

manufacture  138,200

Cost of Goods Sold      136,500

End. Inv.                           18,900

Avail. for sale 155,400 155,400

During 2020, Carla Vista Company purchased 87000 shares of Kingbird Corporation common stock for $1330000 as an equity investment. The fair value of these shares was $1263000 at December 31, 2020. Carla Vista sold all of the Kingbird stock for $17 per share on December 3, 2021, incurring $63000 in brokerage commissions. Carla Vista Company should report a realized gain on the sale of stock in 2021 of

Answers

Answer:

$86,000

Explanation:

Calculation to determine what Carla Vista Company should report a realized gain on the sale of stock in 2021

2021 Realized gain on the sale of stock=87000 shares x $17 per share = $1,479,000

2021 Realized gain on the sale of stock=$1,479,000-$63,000=$1,416,000

2021 Realized gain on the sale of stock=$1,416,000-$1,330,000

2021 Realized gain on the sale of stock=$86,000

Therefore Carla Vista Company should report a realized gain on the sale of stock in 2021 of $86,000

Bob Lee, a division manager for JTCL Ltd has been given a mandate to control costs. Bob’s division is called the Murray Division. After taking an Operations Management class he remembered that a good place to start would be to get a current measure of his division's productivity. The Murray Division is comprised of 5 employees who are paid $10 hourly and work 40 hours per week. The division used 75 pounds of material during the week he is studying. Each week JTCL Ltd assigns an overhead charge of $1,000 to the Murray Division. Material costs $10 per pound. The division completed 9000 units of product last week. Which of the following best describes last week’s labor productivity at the Murray Division?
a. 45 units per labor hour
b. 4.5 units per labor hour
c. 3.75 units per labor hour
d. 45 units per labor hour
e. 37.5 units per labor hour

Answers

Answer:

a. 45 units per labor hour.

Explanation:

No. of units produced is 9000 units

No. of labor hours per week is 40 hours

There are total 5 labors so the hours per labor is 40/ 5 = 8 hours per labor.

No. of units produced by each labor is 9000 / 5 = 1800 units per labor

The unit per labor hour is 1800 / 8 hours = 225 units

These units are further distributed among 5 workers so each labor has produced 225 / 5 = 45 units per week.

The  last week’s labor productivity at the Murray Division is option a. 45 units per labor hour.

Calculation of last week’s labor productivity:

Since the No. of units produced is 9000 units and the No. of labor hours per week is 40 hours and there are total 5 laborers

so the hours per labor should be = 40/ 5 = 8 hours per labor.

Now

No. of units produced by each labor should be

= 9000 / 5

= 1800 units per labor

Now

The unit per labor hour is

= 1800 / 8 hours

= 225 units

Since there are 5 workers so per worker it should be

= 225 / 5

= 45 units per week.

Learn more about productivity here: https://brainly.com/question/13302671

Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $108 Units in beginning inventory 0 Units produced 8,900 Units sold 8,500 Units in ending inventory 400 Variable costs per unit: Direct materials $ 17 Direct labor $ 59 Variable manufacturing overhead $ 5 Variable selling and administrative expense $ 9 Fixed costs: Fixed manufacturing overhead $133,500 Fixed selling and administrative expense $ 8,700 What is the net operating income for the month under absorption costing

Answers

Answer:

Net operating profit= 441,800

Explanation:

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

First, we need to calculate the unitary production cost:

Unitary production cost= 17 + 9 + 5 + (133,500/8,900)

unitary production cost= $46

Now, the income statement:

Sales= 8,500*108= 918,000

COGS= (391,000)

Gross profit= 527,000

Total selling and administrative expense= (8,700 + 9*8,500)= (85,200)

Net operating profit= 441,800

Economic costs of unemployment
Consider a hypothetical economy in which potential output is $200 billion and the natural rate of unemployment is 4%. The current unemployment rate is 5.6%. Since the unemployment rate is greater than the natural rate of unemployment, the economy's actual GDP will be______ potential GDP.
According to Okun's law, the economy's GDP gap is billion. The burden of an increase in the economy-wide unemployment rate can differ widely across regions and across different groups of people. For example, in the United States, the jobless rate among workers with only a high school diploma has tended to be________ than the jobless rate among college graduates.

Answers

Answer: less than; higher

Explanation:

Since the unemployment rate is greater than the natural rate of unemployment, the economy's actual GDP will be less than potential GDP.

...the jobless rate among workers with only a high school diploma has tended to be higher than the jobless rate among college graduates.

When the economy is at its natural rate of unemployment, it means that the economy is producing at potential GDP. If however, the unemployment rate is more than this natural rate, it means that the economy is facing a downturn which is causing companies to not employ as much labor. Actual GDP is therefore lower than Potential GDP.

Workers with more specialized skills will usually feel the impact of an increase in unemployment less those with more general skills will. For this reason, college graduates will see less unemployment than those with only a high school diploma.

Carey Company owns a plot of land on which burried toxic wastes have been discovered. Since it will require several years and a considerable sum of money before the property is fully detoxified and capable of generating revenues, Carey wishes to sell the land now. It has located two potenital buyers. Buyer A, who is willing to pay $480,000 for the land now, or Buyer B, who is willing to make 20 annual payments of $75,000 each, with the first payment to be made 5 years from today. Assuming that the appropraite rate of interest is 9%, wo whom should Carey sell the land. Show calculations.

Answers

Answer:

Carey should accept buyer A's offer

Explanation:

we need to compare the present values of both proposals:

Present value of proposal A = $480,000

Present value of proposal B:

present value of annuity in 5 years = $75,000 x 9.1285 (PVIFA, 9%, 20 periods) = $684,637.50

present value (today) = $684,637.50 / (1 + 9%)⁵ = $444,967.40

PLEASE HELP!! This is economics/business work. Will give brainliest if correct!!

Answers

IM NOT SURE but I THINK it is 1 Korean car costs 3 motorcycles
i’m pretty sure it’s the last one not 100% sure but i think this because for every car there is 3 motorcycles

9. Calculating the price elasticity of supply Rajiv is a college student who lives in Chicago and does some consulting work for extra cash. At a wage of $40 per hour, he is willing to work 7 hours per week. At $50 per hour, he is willing to work 10 hours per week. Using the midpoint method, the elasticity of Rajiv's labor supply between the wages of $40 and $50 per hour is approximately , which means that Rajiv's supply of labor over this wage range is .

Answers

Answer:

PES = 1.59 elastic

Explanation:

Price elasticity of supply = percentage change in quantity supplied / percentage change in price

% change in quantity = (Q2 - Q1) / [(Q2 + Q1) / 2] = (10 - 7) / [(10 + 7) / 2] = 3 / 8.5 = 35.29%

% change in price = (50 - 40) / [(50 + 40) / 2] = 10 / 45 = 22.22%

PES = 35.29% / 22.22% = 1.59 elastic

Lindsey Company uses activity-based costing. The company has two products: A and B. The annual production and sales of Product A is 5,000 units and of Product B is 2,000 units. There are three activity cost pools, with estimated total cost and expected activity as follows: Estimated Expected Activity Activity Cost Pools Overhead Cost Product A Product B Total Activity 1 $ 24,000 200 800 1,000 Activity 2 $ 36,900 750 150 900 Activity 3 $ 63,000 1,000 800 1,800 The overhead cost per unit of Product A under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.)

Answers

Answer:

Results are below.

Explanation:

First, we need to calculate the activities rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Activity 1= 24,000 / 1,000= $24 per activity unit

Activity 2= 36,900 / 900= $41 per activity unit

Activity 3= 63,000 / 1,800= $35 per activity unit

Now, we can allocate costs to product A:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Activity 1= 24*200= $4,800

Activity 2= 41*750= $30,750

Activity 3= 35*1,000= $35,000

Total allocated costs= $70,550

Finally, the unitary cost:

Unitary cost= 70,550 / 5,000= $14.11

Match the following empires:
1. Established relatively peaceful trading relationship with Native Peoples and never established large permanent population throughout the colony.
2. After attempting several times to find a Northwest Passage to the Pacific, they established a comparably small presence in North America. However, through their alliance with the Huron and other Native peoples, they were able to maintain a vast claim stretching between the St. Lawrence River, the Ohio River, and the Mississippi River to Louisiana.
3. Originally in search of timber and gold, established a presence in North America for the purpose of colonizing. In order to do this, they depended on the depopulation of Native Peoples throughout the colonies.
4. Given a special decree from the Pope which granted them the ability to conquer all of the lands in the Western Hemisphere in which no Christians resided. After conquering the Aztecs and the Incas, they established new colonial centers as extensions of the empire.
A. Spanish.
B. English.
C. Dutch.
D. French.

Answers

Answer:

1 ----> Matches with ----->C

2 ----> Matches with ----->D

3  ----> Matches with ----->B

4 ----> Matches with ----->A

Explanation:

This question is very easy and interesting. In this question, we just need to match the specific empires with the description given in the question. So, Let's Start.

1. The first description matches with the Dutch Empire. (C)

2. The second description matches with obviously the French Empire (D)

3. The third description matches with the English Empire. (B)

Lastly,

4. The forth description clearly matches with the Spanish Empire. (A)

So, Correct Combination will be:

1 ----> Matches with ----->C

2 ----> Matches with ----->D

3  ----> Matches with ----->B

4 ----> Matches with ----->A

Setting and achieving goals is essential to success.

a. True
b. False

Answers

Answer: True

Explanation:

The statement that "Setting and achieving goals is essential to success" is true.

When we set goals, it gives us a motivation for the short term and also a long term vision. Setting goals doesn't allow us to deviate from whatever we want to achieve. Our time and resources are dedicated towards achieving that set goal.

The management of Idaho Corporation is considering the purchase of a new machine costing $430,000. The company's desired rate of return is 10%. The present value factors for $1 at compound interest of 10% for Years 1 through 5 are 0.909, 0.826, 0.751, 0.683, and 0.621, respectively. In addition to the foregoing information, use the following data in determining the acceptability of this investment: Year Income from Operations Net Cash Flow 1 $100,000 $180,000 2 40,000 120,000 3 20,000 100,000 4 10,000 90,000 5 10,000 90,000 The net present value for this investment is

Answers

Answer:

NPV    $25,200

Explanation:

The computation of the net present value is shown below

Years   Cash flow            Discount            PV

0       -$430,000                  1                 -$430,000

1         $180,000                0.909             $163,620

2       $120,000                  0.826           $99,120

3       $100,000                   0.751           $75,100

4       $90,000                   0.683           $61,470

5       $90,000                   0.621           $55,890

NPV                                                        $25,200

Two years ago, Panera Bread opened a franchise on Plymouth Road. They bake their bread freshevery morning very early before the store opens, and they dont make more throughout the day. Aloaf costs$2 to bake and can be sold to a customer for$5. Any loaves that are leftover at the endof the day can be donated to a local food bank and will have a$0.50 tax benefit. The manager,Ed, has been estimating how much to bake each day based on his expert judgment. However, thestore has also been recording how many loaves of bread are ordered over the past se

Answers

Answer: 373 loaves

Explanation:

Here's the remainder of the question:

However, the store has also been recording how many loaves of bread are ordered over the past several months,and he would like to start using this data to determine how much to bake.When Ed looks at the data, he notices that the number of loaves ordered on Tuesdays is uniformly distributed between 300 and 410 loaves. How many loaves should this Panera location bake on Tuesday mornings?

The number of loaves that Panera location should bake on Tuesday mornings will be calculated thus:

First, we should note that the shortage cost, Cu will be:

= Selling price - Cost .

= $5 - $2

= $3

Also, the overage cost, Co will be:

= cost - salvage benefit

= $2 - $0.5

= $ 1.5

We the n calculate the critical ratio which will be:

= Cu/(Cu+Co)

= 3/(3+1.5)

= 3/4.5

= 0.667

The number of loaves that Panera location should bake on Tuesday mornings will be:

= 300 + [0.667 × (410-300)]

= 300 + (0.667 × 110)

= 300 + 73.37

= 373.37

= 373 loaves

A firm began the construction of its new manufacturing facility in January of 20x2. The following expenditures were made on construction in that year: Jan. 1 $40,000 Mar. 1 120,000 Oct. 31 96,000 Debt outstanding the entire year: 6%, $60,000 construction loan 4%, $90,000 note payable not related to construction 6%, $90,000 note payable not related to construction Compute interest to be capitalized using the weighted average method.
a. $6,720
b. $12,600
c. $8,400
d. $8,190

Answers

Answer:

d. $8,190

Explanation:

Firstly, average accumulated expenditures is ;

= $40,000 + $120,000 ( 10/12) + $960,000 (2/12)

= $156,000

The rate

= ($3,600 + $3,600 + $5,400) / $240,000

= 0.0525

Therefore, Interest capitalized is

= (0.0525) × $156,000

= 8,190

Two-Stage ABC for Manufacturing: Reassigning Costs to Cost Objectives National Technology, LTD. has developed the following activity cost information for its manufacturing activities:
Activity Activity Cost
Machine setup $75.00 per batch
Movement 22.00 per batch
0.10 per pound
Drilling 3.00 per hole
Welding 6.00 per inch
Shaping 32.00 per hour
Assembly 18.00 per hour
Inspection 2.00 per unit
Filling an order for a batch of 50 fireplace inserts that weighed 150 pounds each required the following:
Three batch moves .
Two sets of inspections .
Drilling five holes in each unit
Completing 80 inches of welds on each unit .
Thirty minutes of shaping for each unit .
One hour of assembly per unit
Determine the activity cost of converting the raw materials into 50 fireplace inserts
Fireplace Inserts
Activity Cost
Set-up $
Movement
Batch 60V
Weight
Inspection
Drilling
Welding
Shaping
Assembly
Total

Answers

Answer:

$27,541

Explanation:

Calculation to Determine the activity cost

Activity Cost

Set-up $75.00

Movement:

Batch 60V $66

(Three batch moves *22.00 per batch)

Weight $750

(150 pounds*0.10 per pound*50)

Inspection $200

(Two sets of inspections*50*2.00 per unit)

Drilling $750

(3.00 per hole*five holes in each unit*50)

Welding $24,000

(6.00 per inch*80*50)

Shaping $800

(32.00 per hour*(30 minutes/60)*50)

Assembly $900

(18.00 per hour*1*50)

Total $27,541

Therefore the activity cost is $27,541

Prescott gave land to his aunt, Janice. Prescott's basis in the land was $45,000, and its fair market value at the date of the gift was $62,000. Janice borrowed $40,000 from a bank; she used the funds to improve the property. She sold the property to Marshall for $220,000. Marshall paid Janice $80,000 in cash, assumed her $30,000 mortgage, and agreed to pay $110,000 in two years. Janice's selling expenses were $2,000. Marshall is going to pay adequate interest.
a. Janice's basis in the land at the time of the sale is __________.
b. When computing her realized gain, what amount does Janice use as the selling price and as the contract price?
Contract price:__________.
c. Janice's total realized gain on the sale is $fill in the blank 4, but her recognized gain in the year of the sale is ________.

Answers

Answer:

A. 220k

B. 45k

C. 2k

Explanation:

why might a conflict of objectives exist between the management and workforce of a company ​

Answers

because the management might not give income to the workers as agreed and as in time and also conflicts will raise if workers are being treated unfairly

Most insurance policies set an amount of money that a person has to pay
before the insurance company will cover any further costs. This money is
called the
A. deductible
B. liability
O C. premium
O D. title

Answers

I believe the answer is A

The amount that a person has to pay before their insurance company then covers further costs is called an A. Deductible.

What is an insurance deductible?

On an annual basis, an insurance company sets an amount that a person who is covered has to pay before they access their medical insurance payout.

This amount varies per individual and per policy but is generally higher for more risky clients.

Find out more on insurance deductibles at https://brainly.com/question/5306277.

#SPJ2

Olaf lives in the state of Minnesota. In 2020, a tornado hit the area and damaged his home and automobile. Applicable information is as follows:
Item Adjusted Basis FMV before FMV after Insurance Proceeds
Home $350,000 $500,000 $100,000 $280,000
Auto 60,000 40,000 10,000 20,000
Because of the extensive damage caused by the tornado, the President designated the area a Federal disaster area. Olaf and his wife, Anna, always file a joint return. Their 2019 tax return shows AGI of $180,000 and taxable income of $145,000. In 2020, their return shows AGI of $300,000 and taxable income (exclusive of the casualty loss deduction) of $225,000. Assume the taxpayers are in the 22% tax bracket in 2019 and the 24% tax bracket in 2020.
Determine the amount of Olaf and Anna's loss and the year in which they should take the loss.
Item
Amount of Loss Home $________
Auto_________
Total loss $__________
Less: statutory floor amount_________
Loss before statutory % of AGI $_________
Amount of loss on last year's return:
Loss $___________
Less: statutory % of AGI_________
Total loss $__________
Amount of loss on current year's return:
Loss $__________
Less: statutory % of AGI_________
Total loss $_________
Olaf and Anna should include the loss on the return, because the tax savings is greater.

Answers

Answer:

1. Amount of loss $ 70,000

Home

Auto $10,000

Total loss $80,000

Less - statutary floor amount $100

Loss before statutory % of AGI $79,900

Amount of loss on last year’s return:

Loss $79,900

Less: 10% of AGI 180000*10% $18,000

Total loss $61,900

Amount of loss on current year's return:

Loss $79,900

Less: 10% of AGI $300,000*10% $30,000

Total loss $49,900

2. Olaf and his wife Anna should include the loss on the PRIOR YEAR'S because the tax savings is $1,642 greater.

Explanation:

Calculation to Determine the amount of Olaf and Anna's loss and the year in which they should take the loss

Amount of loss $ 70,000

Home

($350,000-$280,000)

Auto $10,000

($40,000-$10,000=$30,000)

($30,000-$20,000)

Total loss $80,000

($70,000+$10,000)

Less - statutory floor amount $100

Loss before statutory % of AGI $79,900

($80,000-$100)

Amount of loss on last year’s return:

Loss $79,900

($80,000-$100)

Less: 10% of AGI $180,000*10% $18,000

(10%*$180,000)

Total loss $61,900

($79,900-$18,000)

Amount of loss on current year's return:

Loss $79,900

($80,000-$100)

Less: 10% of AGI $300,000*10% $30,000

(10%*$300,000)

Total loss $49,900

($79,900-$30,000)

2. Calculation to determine what Olaf and Anna should include the loss on the return, because the tax savings is greater.

Based on the information given in a situation where Olaf and his wife apply the loss to the prior year which means that rate of 22% will be use for the benefit of the loss

Taxable income = ($145,000 − $61,900)

Taxable income = $ 83,100

Calculation for when Loss is taken on the PRIOR year's return:

Tax savings=(22% × $61,900)

Tax savings= $ 13,618

In a situation where the loss is been applied to the current year which means that the rate of 24 % will be use for the benefit of the loss

Taxable income = ($225,000-$49,900)

Taxable income= $ 175,100

Calculation for the loss is taken on the CURRENT year's return:

Tax savings= (24% × $49,900)

Tax savings =$ 11,976

Therefore based on the above calculation Olaf and his wife Anna should include the loss on the PRIOR YEAR'S return reason been that the tax savings is $1,642 ($13618 − $11976) greater.

On January 1, 2019, Tonika Company issued a four-year, $10,700, 7% bond. The interest is payable annually each December 31. The issue price was $10,018 based on an 8% effective interest rate. Tonika uses the effective-interest amortization method. Rounding calculations to the nearest whole dollar, which of the following journal entries correctly records the 2019 interest expense?
A. Interest expense 1,052
Bond discount 205
Cash 847
B. Interest expense 847
Cash 847
C. Interest expense 805
Bond discount 42
Cash 847

Answers

Answer:

C. Interest Expense 805

Bond discount 42

Cash 847

Explanation:

The interest expense is calculated based on effective interest rate. The issue price is 10,018 which is the actual price and with effective interest rate interest amount is determined. The interest expense has cash value and bond discount.

10,018 * 8% = 804.45 approximately 805.

Suppose that 3 months ago you entered into an forward rate agreement, and that under the terms of the contract you will receive 7.2% per annum, with semiannual compounding, and pay LIBOR on a principal of $200 million for the period between time 1 year and time 1.5 years (from now). Suppose that the forward LIBOR rate for this period, with semiannual compounding, is 6.9% per annum. If the 1.5-year continuously compounded risk-free rate is 5.4%, what is the value of the forward rate agreement

Answers

This is a lot of work

A company paid its annual dividends of $5.39 per share last week. The company expects to grow its dividends at the rate of 5.0 percent per year for four years, after which the dividends are expected to remain constant at the level of $7.13 per share per year in perpetuity. If investors require a rate of return of 11.5 percent on this company's stock, what should be the price of one share of this stock today

Answers

Answer: $58.7

Explanation:

The price of one share of this stock today will be calculated thus:

Dividend of year 1= $5.39(1 + 0.05) = $5.66

Dividend of Year 2 = $5.39(1 + 0.05)² = $5.94

Dividend of Year 3 = $5.39(1 + 0.05)³ = $6.24

Dividend of Year 4 = $5.39(1 + 0.05)^4 = $6.55

We then calculate the value at year 4 which will be:

= $7.13 / 0.115 = $62

The price will then be:

Price = $5.66 / (1 + 0.115) + $5.94 / (1 + 0.115)² + $6.24/ (1 + 0.115)³ + $6.56 / (1 + 0.115)^4 + $62 / (1 + 0.115)^4

= $58.7

Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts Receivable of $134,500, allowance for doubtful accounts of $965 (credit) and sales of $1,075,000. If uncollectible accounts are estimated to be 4% of accounts receivable, what is the amount of the bad debts expense adjusting entry

Answers

Answer:

See below

Explanation:

Please see the computation below;

Amount uncollectible

= $134,500 × 4%

= $5,380

Then,

Bad debt

= $5,380 - $965

= $4,415

Therefore, the adjusting entry would be;

Bad debt account Dr $4,415

............................To Allowance for doubtful debt Cr $4,415

(Being bad debt expense that is recorded)

We debited bad debt expense here because it increases the expenses, while allowance for doubtful dent is credited because it decreases the assets.

If the United States imports more than it exports, then Group of answer choices the supply of dollars is likely to exceed the demand in the foreign exchange market, ceteris paribus. one can infer that the U.S. dollar would be under pressure to depreciate against other currencies. the supply of dollars is likely to exceed the demand in the foreign exchange market, ceteris paribus, and one can infer that the U.S. dollar would be under pressure to depreciate against other currencies. none of the options

Answers

Answer:

the supply of dollars is likely to exceed the demand in the foreign exchange market, ceteris paribus.

Explanation:

A deficit can be defined as an amount by which money, falls short of its expected value.

In Financial accounting, deficit is usually as a result of revenue falling below expenses or expense exceeding revenue at a specific period of time.

For instance, if in a country liabilities exceeds assets or import exceeds export there would be a deficit in the financial account of the country.

This is simply as a result of a country having to import more goods and services than it is exporting to other countries in trade.

Generally, a deficit on the current account is because the value of goods and services exported is lower than the value of goods and services being imported in a particular country.

If the United States imports more than it exports, then the supply of dollars is likely to exceed the demand in the foreign exchange market, ceteris paribus (all things being equal) because it is not selling its goods and services to other countries.

You are considering an investment in 30-year bonds issued by Moore Corporation The bonds have no special covenants. The Wall Street ournal reports that one-year T-bills are currently earning 3.55 percent Your broker has determined the following information about economic activity and Moore Corporation bonds 50 Real interest rate 275 percent Default risk premium-1.05 percent Liquidity risk premium 0.50 percent Maturity risk premium 185 percent What is the inflation premium?

Answers

Answer:

0.80%

Explanation:

Calculation for the inflation premium

Using this formula

Expected Inflation premium = i - Real interest rate

Let plug in the formula

Expected Inflation premium = 3.55% - 2.75 %

Expected Inflation premium= 0.80%

Therefore the inflation premium is 0.80%

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