Ralney Enterprises loaned $35,000 to Small Co. on June 1, Year 1, for one year at 7 percent Interest. Requlrec Show the effects of the following transactions In a horizontal statements. In the Statement of Cash Flows column, Indicate whether the Item Is an operating activity (OA), an Investing activity (IA), or a financing activity (FA). The letters NA Indicate that an element is not affected by the event. (Do not round Intermediate calculetions and round final answers to nearest doller amount. Enter any decreases to account balances and cash outflows with a minus sign.) (1) The loan to Small Co (2) The adjustment at December 31, Year 1. (3) The adjustment and collection of the note on June 1, Year 2. Answer is not complete RAINEY ENTERPRISES Horizontal Statements Model Assets Equity Income Statement Statement of Cash Flow Date Notes Receivable Interest Receivable Net Income Retained Cash Revenue ue Expense 8/1/Year 1 12/31/Year 35.000A (35,000) 35,000 + 21.429 2. 1.429 1,021 (2,450) 1.429 6/1/Year 2 6/1/Year2 6/1/Year 2 3. 1,021 1,021 1,021 (37,450) + 35,000 IA 2.45 OA 37,450

Answers

Answer 1

In the Statement of Cash Flow, Rainey Enterprises had a cash inflow of $37,450 from the Operating Activity (OA).

RAINEY ENTERPRISES Horizontal Statements Model

Assets Equity Income Statement Statement of Cash Flow

Date Notes Receivable Interest Receivable Net Income Retained Cash

Revenue Expense

8/1/Year 1 35,000 12/31/Year 1 35,000 + 21.429 NA 2.429 1,021 (2,450) OA 1.429 6/1/Year 2 35,000 + 21.429 NA 1,021 1,021 (37,450) + 35,000 IA 2.45 OA 37,450

Loan to Small Co, adjustment at December 31, Year 1, and the adjustment and collection of the note on June 1, Year 2, the effects on Rainey Enterprises are shown in the horizontal statements model above.

On 8/1/Year 1, Notes Receivable increased by $35,000, which is a Financing Activity (FA). On 12/31/Year 1, Interest Receivable increased by $21.429, which is an Operating Activity (OA). On 6/1/Year 2, Notes Receivable decreased by $35,000 and Interest Receivable decreased by $2.45, which is an Investing Activity (IA).

In the Statement of Cash Flow, Rainey Enterprises had a cash inflow of $37,450 from the Operating Activity (OA).

Learn more about horizontal financial statements: brainly.com/question/30499359

#SPJ11


Related Questions

Suppose the marginal benefit of writing a contract is $70, independent of its length. Find the optimal contract length when the marginal cost of writing a contract of length L is:
Instruction: Enter your responses rounded to two decimal places.
a. MC(L) = 40 + 2L.
b. MC(L) = 20 + 5L.
c. What happens to the optimal contract length when the marginal cost of writing a contract declines?
(Click to select) It stays the same. It increases. It decreases.

Answers

When the marginal cost of writing a contract declines, the optimal contract length increases.

The given marginal benefit of writing a contract is [tex]$70[/tex], independent of its length. We are to determine the optimal contract length when the marginal cost of writing a contract of length L is MC(L) = [tex]40 + 2L[/tex] or MC(L) = [tex]20 + 5L.[/tex]

Also, we are to determine what happens to the optimal contract length when the marginal cost of writing a contract declines. Given that the marginal benefit of writing a contract is [tex]$70[/tex], independent of its length. We know that the optimal contract length is where the marginal cost of writing a contract is equal to the marginal benefit of writing a contract. i.e.

MC(L) = MB = [tex]$70[/tex]

Now, MC(L) = [tex]40 + 2L[/tex](Option A)

We have, [tex]40 + 2L = 70[/tex]  (As MC(L) = MB)

L = 15

The optimal contract length is 15.

Now, MC(L) = [tex]20 + 5L[/tex] (Option B)

We have,[tex]20 + 5L = 70[/tex] (As MC(L) = MB) [tex]5L = 50L = 10[/tex]

The optimal contract length is 10.

Hence, we have determined the optimal contract length for the given MC(L) options. Now, we need to determine what happens to the optimal contract length when the marginal cost of writing a contract declines.

When the marginal cost of writing a contract declines, the optimal contract length increases.

Learn more about Economics here:-

https://brainly.com/question/17996535

#SPJ11

which of the following groups are worse off as a result of the union action in the western state? check all that apply. all workers in the western state workers who find new jobs in the eastern state employers in the western state the original workers in the eastern state

Answers

The groups that are worse off as a result of the union action in the western state are: All workers in the western state, employers in the western state, the original workers in the eastern state.

A union is an organization of workers who come together to achieve shared goals such as better working conditions and higher pay. Union action is the term used to describe the measures taken by a union to achieve these goals. The impact of union action on workers varies depending on the specific measures taken by the union. In some cases, union action can lead to better pay, improved working conditions, and other benefits for workers. However, in some cases, union action can have negative consequences for workers, such as the loss of jobs or reduced wages. In the case of the union action in the western state

The workers who were worse off as a result of the union action are:

All workers in the western state - As a result of the union action, all workers in the western state may face job losses or reduced wages. Employers in the western state - Employers in the western state may face higher labor costs as a result of the union action, which could lead to layoffs or reduced investment in the state. The original workers in the eastern state - If workers in the western state are able to secure higher wages or better working conditions, it could make it more difficult for workers in the eastern state to secure similar benefits, as employers may be less willing to invest in those workers.

Learn more about union action https://brainly.com/question/13755302

#SPJ11

what are potential negatives with respect to splitting a task when planning/assigning project resources?

Answers

When planning or assigning project resources, there are potential negatives to splitting a task. These negatives may include the following: Inefficient Communication, Duplication of Work, Delay in Schedule, Lack of Coordination, etc

When a task is divided, it can result in a bad communication among the project team members. It can be improved by working on communication skills. This can lead to a situation where one team member is unaware of the progress of another team member's work.  Another point is the duplication of work. If team members are assigned tasks that are too similar, they may end up duplicating each other's work.  

If team members are assigned tasks that are too large, they may not be able to complete them within the given time frame. This can result in a delay in the project schedule and can negatively impact the project timeline. Finally, dividing tasks can also lead to a lack of coordination among the project team members. If team members are assigned tasks that are too complex, they may not be able to coordinate effectively.

Know more about communication skills here:

https://brainly.com/question/29468743

#SPJ11

does having the largest reserve mean that the county will also be the largest supplier of this fossil fuel?

Answers

No, having the largest reserve doesn't always mean that the country will also be the largest supplier of fossil fuel.
The country needs to have proper technology and resources to extract and process fossil fuels to become the largest supplier.

Fossil fuel refers to any combustible organic substance formed from the remains of dead plants or animals. Coal, petroleum, and natural gas are examples of fossil fuels. Because of their high energy content, ease of transportation, and relative abundance, fossil fuels have become the world's most important source of energy. There are advantages and disadvantages to using fossil fuels as an energy source. A reserve is a mineral deposit that has been identified and analyzed but is not yet developed or extracted.In other words, it is a mineral deposit that has the potential to be developed and extracted profitably with existing technology and under current economic conditions.Reserves are also classified based on the amount of certainty surrounding their location, size, and quality. Reserves are important because they represent a future supply of essential minerals and fossil fuels.
    So, just having the largest reserve doesn't always mean that the country will also be the largest supplier of fossil fuel. The country must have sufficient technology and resources to extract and process fossil fuels, and it must have the capacity to supply them to the market at a competitive price.

To know more about Fossil Fuels: https://brainly.com/question/79954
#SPJ11

salinas corporation has net income of $15 million per year on net sales of $90 million per year. it currently has no long-term debt but is considering a debt issue of $20 million. the interest rate on the debt would be 7%. salinas currently faces an effective tax rate of 40%. what would be the annual interest tax shield to salinas if it goes through with the debt issuance?

Answers

The Annual interest tax shield to Salinas if it goes through with the debt issuance would be $0.56 million.

The annual interest tax shield to Salinas Corporation if they go through with the debt issuance is $560,000.

This is calculated by multiplying the effective tax rate of 40% by the amount of the debt issuance of $20 million, and then multiplying that by the interest rate of 7%.

Interest Tax Shield = (Effective Tax Rate x Debt Issuance) x Interest Rate

= (40% x $20 million) x 7%
= $560,000

Learn more about debt issuance here:

https://brainlycom/question/28448177

#SPJ11

Suppose a municipality votes to reduce the combined pollution introduced by three local companies. Presently, each firm creates 4 units of poisution in the ares, for a total of 12 pollution units. The government can reduce total pollution in the area to 6 units by choosing between the following two methods: The costs faced by each firm are different, so it is more difflicult for some firms to reduce pellution than others. The following table shows the cost faced by each firm to eliminate each unit of pollution. Assume that the cost of eliminating all 4 units of pollution (that ie, reducing polliution to zero) if protibitively expensive for all three firms. Next, suppose that two govemment offciais proposed alternative plans that would reduce pollution by 6 untes. The first government employee suggests reducing pollution through regulation. To meet the pollution goal, the government requires each firm to reduce its pollution by 2 units. Complete the following table with the total cost to each firm of reducing its pollution by 2 units. Method 2: Tradable Permits Meenwhilic, the other employee proposes using a different strategy to achieve the government's goal of reducing poilutian in the area from 12 units to 6 units. This employee suggests that the government issue two pollution permits to each firm. For each permit a firm has in its possession, it can emit 1 unit of pollution. Firms are free to trade pollution permits with one another (that is, buy and sell them) as long as both firms can agree on a brice, For example, if firm A sgrees to sell a permit to firm B at an agreed-upon price, then fitm B would end up with three permits and would need to reduce its pollution by only 1 unit while firm A would end up with only one permit and would have to reduce its pollution by 3 units. Assume the negotiation and exchange of permits are costless. Because firm 8 has high pollution-reduction costs, it thinks it might be better off buying a permit from firm C and a permit from firm
A
so that it doesn't have to reduce its own pollution emissions. At which of the following prices are both firm C and firm A willing to sell one of theic permits to firm B? Check all that apply. Because firm
B
has high pollution-reduction costs, it thinks a might be better off buying a permit from firm
C
and a permit from firm
A
so that it: doesn't have to reduce its own pollution emissions. At which of the following prices are both firm C and firm A willing to sell ane of their permits to firm B? Check all that apply.
$124
$165
$200
$364
5475 Suppose the the government has set the trading price of a permit at \$147 per permit. costs each firm to reduce pollution to the necessary level. If a firm is willing to buy fwa permits, assuree that it bovs one permit from each of the other forms. (Mint: Do not include the prices paid for permits in the cost of reducing potition.) Determine the total cost of eliminating six units of polfution using both methods, and enter the amounts in the following table. (Hint: You might need to get information from previous tasks to complete this table.) In this case, you can conclude that eliminoting pollution is costly to society when the government distributes tradable permits than when if regulates each firm to eliminate a certain amount of pollution.

Answers

Method 1: Regulation

The total cost for each firm to reduce pollution by 2 units is given in the table.

What is pollution?

Pollution is the introduction of contaminants into the environment that have negative effects on the health and wellbeing of living organisms. It can come in many forms, including air, water, and land pollution. Air pollution is the presence of hazardous substances in the atmosphere, which can cause illnesses and death, as well as damage to agriculture, ecosystems, and buildings.

Firm A: $200

Firm B: $364

Firm C: $125

Method 2: Tradable Permits

The price of a permit has been set at $147. Therefore, firm B will have to buy two permits, one from each of firm A and firm C at a total cost of $294.

Total Cost

The total cost of reducing 6 units of pollution using regulation is $689. The total cost of reducing 6 units of pollution using tradable permits is $494. Therefore, it is more cost-effective to eliminate pollution using tradable permits than when the government regulates each firm to eliminate a certain amount of pollution.

To learn more about pollution

https://brainly.com/question/14154063

#SPJ1

Method 1: Regulation The total cost for each firm to reduce pollution by 2 units is given in the table.

What is pollution?

Pollution is the introduction of contaminants into the environment that have negative effects on the health and wellbeing of living organisms. It can come in many forms, including air, water, and land pollution. Air pollution is the presence of hazardous substances in the atmosphere, which can cause illnesses and death, as well as damage to agriculture, ecosystems, and buildings.

Firm A: $200

Firm B: $364

Firm C: $125

Method 2: Tradable Permits

The price of a permit has been set at $147. Therefore, firm B will have to buy two permits, one from each of firm A and firm C at a total cost of $294.

Total Cost

The total cost of reducing 6 units of pollution using regulation is $689. The total cost of reducing 6 units of pollution using tradable permits is $494. Therefore, it is more cost-effective to eliminate pollution using tradable permits than when the government regulates each firm to eliminate a certain amount of pollution.

To learn more about pollution, visit:

https://brainly.com/question/28519286

#SPJ1

A strategy of diversifying into unrelated businessesa. concentrates on diversifying into businesses where a company can exploit use of well-known and competitively potent brand name, earn the highest profit margins, and have the greatest number of attractive market opportunities.b. generally offers more competitive advantage potential than related diversification because of the ease of capturing valuable cross-business resource fits.c. is aimed chiefly at broadening a company’s present product line and offering customer a bigger choice of models, styles, and product versions.d. is the best way for a company to lower its overall business risk, achieve consistently good profitability, and earn a sustainable competitive advantage over rival companies.e. involves entering any industry and operating any business where senior managers see opportunity to realize consistently good financial results – there’s no deliberate effort to diversify only into businesses with valuable cross-business strategic fits.

Answers

Diversification is the process of allocating capital to reduce exposure to a particular asset or threat. This is variant B.

A strategy of diversifying into unconnected means generally offers lesser eventuality for competitive advantage than linked diversification due to the ease of acquiring precious cross-industry means.

Diversification is a growth strategy where you enter a new request or assiduity that your company isn't presently in while developing a new product for that new request.

Independent diversification is a business strategy aimed at expanding a company's operations into new and strange business areas. Unlike chapter diversification, which involves expanding into businesses that partake analogous parallels with an being business, unconnected diversification involves diversifying into businesses that have no cooperation with an being business.

Question:

diversification strategy in independent companies

a) focuses on diversifying into business areas where the company can profit from a strong, well- known and competitive brand, induce the loftiest profit perimeters and have the most seductive request openings.

b) generally offers lesser eventuality for competitive advantage than the diversification it brings because of the ease of acquiring precious cross-industry asset matches.

c) is primarily intended to expand the company's being immolation and give guests with a lesser choice of product models, styles and performances.

d) is the stylish way to reduce the company's overall business threat, achieve constantly good profitability, and gain a sustainable competitive advantage over contending companies.

e) involves entering any assiduity and running a business where elderly operation sees an occasion to constantly achieve good fiscal results There's no conscious trouble to diversify only into businesses with precious cross-industry strategic alignments.

To know more about Diversification,

brainly.com/question/25536252

#SPJ4

If an employee's tips combined with the cash wage is inconsistent with the minimum hourly wage, ______.
A. the employee is entitled to work for a reduced number of hours
B. the employer must make up the difference with certain conditions
C. the federal government must make up the difference
D. the employee is entitled to be paid for the inconvenience caused along with the difference, with certain conditions
E. the employer is not liable to pay the difference if he or she reduces the number of working hours for the employee

Answers

Answer:

B. the employer must make up the difference with certain conditions.

Explanation:

If an employee's tips combined with the cash wage is inconsistent with the minimum hourly wage, the employer must make up the difference so that the employee receives at least the minimum wage for all hours worked. This is known as the "tip credit" provision of the Fair Labor Standards Act (FLSA) in the United States.

Under the tip credit provision, employers can pay a lower hourly wage to tipped employees, such as servers or bartenders, as long as the employee's tips bring their total earnings up to at least the minimum wage. However, if the employee's tips are insufficient to meet the minimum wage, the employer must make up the difference.

The FLSA also sets certain conditions for the use of the tip credit, including informing employees of their rights and maintaining accurate records of all tips received and wages paid.

In summary, if an employee's tips combined with the cash wage are inconsistent with the minimum hourly wage, the employer is required to make up the difference to ensure the employee receives at least the minimum wage.

Krasel Corporation exchanges old equipment for new equipment. The original cost of the old equipment was $90,000, and its accumulated depreciation at the date of exchange was $70,000. The new asset received had a fair value of $50,000 and a book value of $45,000. The journal entry to record this exchange will include which of the following entries?Credit equipment $90,000Debit accumulated depreciation $70,000Debit equipment $50,000Credit gain on exchange of asset $30,000

Answers

The journal entry to record the exchange of old equipment for new equipment will include the following entries, such as Credit equipment of $90,000, Debit accumulated depreciation of $70,000, Debit equipment of $50,000, and Credit gain on the exchange of asset of $30,000.

The credit gain entry represents the gain or profit that is realized from the exchange of assets. The credit gain entry is based on the difference between the fair value of the new asset and the book value of the old asset.

It is the amount by which the fair value of the new asset exceeds the book value of the old asset.

To record the exchange of old equipment for new equipment for Krasel Corporation, the journal entry will include the following entries:

1. Credit equipment $90,000 - This represents the original cost of the old equipment being removed from the books.

2. Debit accumulated depreciation of $70,000 - This is the accumulated depreciation of the old equipment being removed from the books.

3. Debit equipment $50,000 - This represents the fair value of the new equipment being added to the books.

4. Credit gain on the exchange of asset $30,000 - This is the credit gain calculated as follows: ($90,000 - $70,000) - ($50,000 - $45,000) = $30,000.

Learn more about credit gain entry here:

https://brainly.com/question/15720571

#SPJ11

trevor mills produces agricultural feed at its only plant. materials are added at the beginning of the process. information on work-in-process in december follows: beginning inventory, 54,000 partially complete units, 10 percent complete with respect to conversion costs. units started in december, 115,000 units. units transferred out in december, 111,000 units. ending inventory, 58,000 units, 62 percent complete with respect to conversion costs. required: compute the equivalent units for materials and conversion costs for december using the weighted-average method.

Answers

The equivalent units for materials and conversion costs for December using the weighted-average method are 84,440 units.

The equivalent units of the material are the work in progress of the material and the completed units' equivalent number. Therefore, to calculate the equivalent units of the material for December, we need to follow the formula given below:

Equivalent units of material = Beginning Inventory units (10% complete) + Units added during the period (100% complete) - Ending inventory units (62% complete)

Where, Beginning inventory units = 54,000 units; Units added during the period = 115,000 units; Ending inventory units = 58,000 units.

Now, putting these values in the above formula,

Equivalent units of material = 54,000(10%) + 115,000(100%) - 58,000(62%) = 5,400 + 115,000 - 35,960 = 84,440

Therefore, the equivalent units of the material for December are 84,440 units.

Conversion costs are the work in progress for conversion costs and the completed units' equivalent number. Therefore, to calculate the equivalent units of the conversion cost for December, we need to follow the formula given below:

Equivalent units of conversion cost = Beginning Inventory units (10% complete) + Units added during the period (100% complete) - Ending inventory units (62% complete)

Where, Beginning inventory units = 54,000 units; Units added during the period = 115,000 units; Ending inventory units = 58,000 units.

Now, putting these values in the above formula,

Equivalent units of conversion cost = 54,000(10%) + 115,000(100%) - 58,000(62%) = 5,400 + 115,000 - 35,960 = 84,440

Therefore, the equivalent units of the conversion cost for December are 84,440 units.

Read more about "Weighted-average method" ; https://brainly.com/question/26595359

#SPJ11

the five key components of the business environment are the economic environment, technological environment, social environment, global environment, and what? group of answer choices social environment e-commerce environment competitive environment demographic environment strategic environment

Answers

The five key components of the business environment are the economic environment, technological environment, social environment, global environment, and strategic environment.

The business environment is a combination of external and internal factors that impact an organization's performance. These factors may be political, social, economic, technological, and demographic in nature.

The five components of the business environment are:

Economic Environment: Economic factors, such as income levels, inflation, and unemployment, all contribute to the economic environment.

Technological Environment: The technological environment involves the use of technology in business operations.

Social Environment: The social environment is related to the attitudes and beliefs of a society, including demographics, values, and customs.

Global Environment: The global environment refers to the international conditions that affect businesses, such as trade policies, regulations, and cultural differences.

Demographic Environment: The demographic environment includes characteristics such as age, race, gender, income, and education level, which all have an impact on consumer behavior and purchasing decisions.

Learn more about business environment here:

https://brainly.com/question/26589766

#SPJ11

mayhem is a character depicted in allstate insurance commercials. he reminds buyers of possible catastrophic problems on the road or in their homes and the need for adequate coverage. this is an example of using a(n) blank appeal.

Answers

Mayhem is a character depicted in Allstate insurance commercials. He reminds buyers of potentially catastrophic problems on the road or in their homes and the importance of adequate coverage. This is an example of using a fear appeal.

A fear appeal is a persuasive message that encourages the recipient to avoid a threatening situation by taking the recommended action. The fear appeal is a marketing strategy in which an individual is persuaded to take action by arousing fear of the negative consequences of not acting.

The Allstate insurance commercial's character Mayhem is a perfect example of using the fear appeal. In marketing, the fear appeal is used to persuade people to purchase a product or take a course of action that they might not otherwise do. Fear appeals often portray the consequences of failing to take action as being severe, emphasizing danger, loss, and uncertainty.

Learn more about fear appeal at https://brainly.com/question/1522210

#SPJ11

explain the significance of sin tax

Answers

Syntaxes are extremely important for a society.

What exactly are syntaxes?

Sin taxes are intended to deter people from engaging in socially harmful actions. The goal is to make harmful products more expensive to obtain, thereby reducing or eliminating their consumption. They also provide government with a source of revenue.

A sin tax is a fee imposed on products or services deemed hazardous or expensive to society. Tobacco, alcohol, sugary drinks, and gambling are typical types of goods and services.

The primary goals of imposing cigarette taxes are to minimize the use of harmful goods while increasing government revenue. According to research, the sin taxations on both alcohol and cigarettes actively discourage their consumption. The reduction in tobacco and alcohol consumption leads to a reduction in medical problems linked to the use of harmful substances.

to know about syntaxes visit:

https://brainly.com/question/28182020

#SPJ1

The concept of hiring employees for an indefinite period of time and discharging them without cause at anytime is called the __________.a.) Workers Termination Policyb.) Worker Adjustment and Retraining Notification (WARN) Actc.) Fair Labor Standards Actd.) Labor-Management Relations Acte.) Employment-At-Will Doctrine

Answers

The concept of hiring employees for an indefinite period of time and discharging them without cause at any time is called the Employment-At-Will Doctrine. Hence, option E. is correct.

What is Employment-At-Will Doctrine?

Employment-at-will refers to a legal principle under which an employer can dismiss an employee at any time and for any reason.

It signifies that, unless there is a contractual agreement specifying otherwise, both employer and employee are free to terminate the employment at any time, without notice or reason, and it can occur for any cause, whether fair or unfair, such as performance or conduct issues, staff reduction, or change of ownership.

The Fair Labor Standards Act, the Labor-Management Relations Act, the Worker Adjustment and Retraining Notification Act, and the Workers Termination Policy are all laws that regulate employment.

Hence, option E. Employment-At-Will Doctrine is correct.

Learn more about Employment-at-will here:

brainly.com/question/17459074

#SPJ11

A period of economic decline that follows the highest point in a business cycle is called a(n)
answer: contraction

Answers

Contraction refers to the period of economic recession that follows the peak of a business cycle.

What exactly is economic contraction?

There are two sides to the economy: recession and boom. Reccession means that the majority of businesses are losing money, causing people to have low purchasing power. On the other hand, a thriving economy means that all businesses are doing well, and as a result, people's purchasing power is higher. The business cycle has four faces: expansion, peak, contraction, and trough. Contraction is a component of the business cycle. In economics, contraction refers to a phase in the business cycle whereby the economic growth as a whole is in downturn. A contraction usually occurs after the real economy has peaked but before it begins to decline.

to know more about the economic contraction visit:

https://brainly.com/question/1241657

#SPJ1

Bob and April own a house at the beach. The house was rented to unrelated parties for 8 weeks
during the year. April and the children used the house 12 days for their vacation during the year.
After properly dividing the expenses between rental and personal use, it was determined that a loss
was incurred as follows:
Gross rental income $4,000
Less: Mortgage interest and property taxes $3,500
Other allocated expenses 2,000 (5,500)
Net rental loss ($1,500)
What is the correct treatment of the rental income and expenses on Bob and April's joint income tax
return for the current year assuming the IRS approach is used if applicable?
A. A $1,500 loss should be reported.
B. Only the mortgage interest and property taxes should be deducted.
C. Since the house was used more than 10 days personally by Bob and April, the rental expenses
(other than mortgage interest and property taxes) are limited to the gross rental income in excess
of deductions for interest and taxes allocated to the rental use.
D. Since the house was used less than 50% personally by Bob and April, all expenses allocated to
personal use may be deducted.
E. Bob and April should include none of the income or expenses related to the beach house in their
current year income tax return.

Answers

Based on the information provided in the question, the correct option is (E) "Bob and April should include none of the income or expenses related to the beach house in their current year income tax return".

This is because the beach house was rented out for 56 days and used for personal purposes for 12 days, which does not meet the IRS safe harbor test for rental property. Therefore, a special allocation of expenses is required, and the rental expenses (other than mortgage interest and property taxes) are limited to the gross rental income in excess of deductions for interest and taxes allocated to rental use. Since the net rental loss is $1,500 and the expenses are limited to $500, the net rental loss cannot be reported on their tax return. So, option C is the correct answer.

You can learn more about  income tax at

https://brainly.com/question/30157668

#SPJ11

which of the following is not one of the three key roles that prices play in markets? prices are signals. prices aggregate information. prices have purchasing power. prices create incentives.

Answers

The correct response is (C): Of all the functions mentioned above, price does not indicate purchasing power.

How do prices function in markets?

Prices dictate who will purchase the goods, what commodities will be created and in what quantities, how the items will be produced, and who will manufacture them. Price serves as both an informational cue and a measure of sacrifice in consumers' assessments of alternative products.

How do prices affect supply and demand?

Generally speaking, supply is thought to slope upward; as the price increases, suppliers are prepared to produce more. The widespread consensus is that demand slopes downward because customers buy less when prices are greater.

To know more about prices visit:-

https://brainly.com/question/9070758

#SPJ1

In an hour, Mateo can wash 2 cars or mow 1 lawn, and Tyler can wash 3 cars or mow 1 lawn. Who has a comparative advantage in car washing, and who has a comparative advantage in lawn mowing?a. Mateo in car washing, Tyler in lawn mowingb. Tyler in car washing, Mateo in lawn mowingc. Mateo in car washing, neither in lawn mowingd. Tyler in car washing, neither in lawn mowing

Answers

The ones that have comparative advantage are: Mateo in car washing, Tyler in lawn mowing. (option a)

To determine who has a comparative advantage in car washing and lawn mowing, we need to compare the opportunity costs of each person. The opportunity cost is the cost of forgoing one option to pursue another option.

For Mateo, the opportunity cost of washing 2 cars is mowing 1/2 of a lawn (since he can only mow 1 lawn in an hour). For Tyler, the opportunity cost of washing 3 cars is mowing 1/3 of a lawn (since he can only mow 1 lawn in an hour).

Comparing the opportunity costs, we see that Mateo's opportunity cost of washing 2 cars is lower than Tyler's opportunity cost of washing 3 cars. This means that Mateo has a comparative advantage in car washing.

On the other hand, Tyler's opportunity cost of mowing 1 lawn is lower than Mateo's opportunity cost of mowing 2 lawns (since Mateo can only mow 1 lawn in 2 hours). This means that Tyler has a comparative advantage in lawn mowing.

Therefore, the answer is option (a) Mateo in car washing, Tyler in lawn mowing.

Learn more about comparative advantage here:

https://brainly.com/question/13236978

#SPJ11

If a foreign-based firm borrows money from a host country bank as a hedge against being forced out of operation without adequate compensation, the firm is managing political risk with ________.

Answers

If a foreign-based firm borrows money from a host country bank as a hedge against being forced out of operation without adequate compensation, the firm is managing political risk with financial risk.

What is Financial Risk?

The risk of losing money on an investment, transaction, or lending is referred to as financial risk. Financial risk management includes identifying and analyzing potential losses, as well as implementing measures to avoid or reduce them. The most popular method for managing financial risk is diversification, which reduces risk by spreading investments across several asset classes or sectors.

A foreign-based firm borrows money from a host country bank as a hedge against being forced out of operation without adequate compensation, the firm is managing political risk with financial risk. In order to minimize political risk, a firm may acquire political risk insurance, form joint ventures with local firms, or conduct research to assess the likelihood of changes in laws or regulations that may have an impact on its operations in a particular country.

Learn more about financial risk here: https://brainly.com/question/26507665

#SPJ11

T/F: a two-for one stock split would the number of shares outstanding, whereas a 10% stock dividend will increase the number of shares outstanding by only 10%.

Answers

True.

A two-for-one stock split would double the number of shares outstanding, whereas a 10% stock dividend would only increase the number of shares outstanding by 10%.

What is a stock split?

A stock split is a business practice in which a business divides its current shares into several new ones. A company might undertake a stock split to make the shares more appealing to prospective shareholders.

They can also do it to increase trading activity and/or to give current shareholders additional shares, which can be used to vote on future corporate matters or sold for profit.

To learn more about stock split, refer below:

https://brainly.com/question/28392293

#SPJ11

peet company provides free on-site day care for employees with preschool children. required: determine the pretax value of the care for each of the following employees: ms. udolf has a 32 percent marginal tax rate and pays $10,785 annually for day care for three children. mr. zuo has a 12 percent marginal tax rate and pays $3,740 annually for day care for one child.

Answers

The pretax value of the day care Ms. Udolf receives is $15,813.50. This is calculated by taking her annual day care costs of $10,785, subtracting her marginal tax rate of 32%, and then multiplying the remaining amount by 1.32.

The pretax value of the day care Mr. Zuo receives is $4,220. This is calculated by taking his annual day care costs of $3,740, subtracting his marginal tax rate of 12%, and then multiplying the remaining amount by 1.12.

The pretax value of day care for each employee is based on their marginal tax rate and annual day care costs. The higher the marginal tax rate, the higher the pretax value of day care. This is due to the fact that the greater the marginal tax rate, the greater the amount of savings that can be gained from utilizing the on-site day care.

Know more about marginal tax here:-

https://brainly.com/question/12395856#

#SPJ11

tail Company and Sales Wholesale Corporation enter into a contract for a sale of beach toys for $5,000. To be enforceable, the contract should be in writing and identify ​(No answer)the source of payment.​the quantity.​the terms of payment.

Answers

Retail Company and Sales Wholesale Corporation have entered into a contract for a sale of beach toys for $5,000. In order to be enforceable, the contract should be in writing and identify the price and quantity. Therefore, the correct options are B and D.

A contract is a legally binding agreement between two or more parties that creates an obligation to perform a specific task. A contract can take the form of a written or oral agreement. A contract specifies the terms of the deal, such as the cost, quality, delivery date, and other conditions.

To make it enforceable, the contract should be in writing and identify the price and quantity of goods. This is known as the quantity and price terms. Payment terms should be included in the contract as well. It's also essential to include the delivery date and any other critical terms or obligations. The terms of payment are not required to be stated, but it can be an essential clause in a contract.

The correct options for the given statement are: B) the price and D) the quantity. Therefore, the contract must have a price and quantity specified in it to be enforceable.

Note: The question is incomplete. The complete question probably is: Retail Company and Sales Wholesale Corporation enter into a contract for a sale of beach toys for $5,000. To be enforceable, the contract should be in writing and identify: A) the source of payment. B) the price. C) the terms of payment. D) the quantity.

Learn more about Contract:

https://brainly.com/question/984979

#SPJ11

Please complete that statements below to indicate how GDP and living standards are affected in each scenario. a. If unpaid housework were formalized in GDP, GDP woould ___, and living standards would ___
b. Given improved production technologies, GDP would ___ and living standards would ___
c. Suppose the black market shrinks because firms shift to the formal sector, but production remains the same. GDP would ____ and living standards would ___
d. If workers worked less but produced the same amount, GDP would ___ and living standards would ___
e. If volanteers cleaned a river used for swimming, GDP would ___ and living standards would and living ___
f. Assume people dislike inequality. If income inequality decreases, GDP would ___ and living standards would ___

Answers

If unpaid housework were officially included in GDP, GDP would rise and it would appear that living standards would improve. GDP would rise as a result of more advanced production technology, and living standards may possibly rise.

What is the most accurate metric to use when comparing standards of living around the globe?

We use a metric known as GDP per capita to evaluate the standard of living in each nation. By creating and offering items and services for sale, people earn their living.

What signs of a high standard of living are there?

A society's standard of life is determined by easy-to-quantify factors like income, employment opportunities, the price of goods and services, and poverty. Life expectancy, the rate of inflation, and the number of paid vacation days that people receive each year are also included on the list.

To know more about GDP visit:-

https://brainly.com/question/30111703

#SPJ1

marketers that are interested in identifying the characteristics and trends among ultimate consumers such as age or ethnic background are likely to start with which source of data? multiple choice question. questionnaire results u.s. census bureau reports in-depth interviews neuromarketing studies

Answers

Answer: The best source of data for marketers that are interested in identifying the characteristics and trends among ultimate consumers such as age or ethnic background is U.S. Census Bureau reports. These reports provide data on population demographics, including age and ethnic background, as well as economic indicators.


Explanation: Marketers that are interested in identifying the characteristics and trends among ultimate consumers such as age or ethnic background are likely to start with U.S. Census Bureau reports.

The U.S. Census Bureau is the country's principal statistical agency. It gathers information on the population and the economy, as well as measures poverty, demographics, and housing. It is one of the US Department of Commerce's oldest departments, dating back to 1790, and it provides data that shape the country's understanding of its population and economy.

Trends and Characteristics: Marketing departments use a variety of tactics to identify market trends and consumer characteristics, including surveys, questionnaires, interviews, and neuromarketing studies. A marketing department can learn more about the target audience by breaking down demographic data from sources such as the U.S. Census Bureau.

Census data, for example, can provide a wealth of knowledge about age and ethnic background, which is particularly useful for companies selling niche products or for targeting ads to a particular group. An understanding of a target audience's age, gender, and education level can help a marketer develop effective messaging and segmentation strategies. This knowledge can also help a marketing department choose which promotional strategies to employ in order to reach their target audience effectively.

Learn more about Market's characteristics and trends here:

https://brainly.com/question/28742751

#SPJ11

Problem 4-5 Income statement presentation: Restructuring costs: Discontinued operations; Accounting error
The preliminary 2018 income statement of Alexian Systems, Inc. is presented below ALEXIAN SYSTEMS, INC. Income Statement For the Year Ended December 31, 2018 ( sin millions, except earnings per share) Revenues and gains: Net sales $ 432 Interest 10 Other income 133
Total revenues and gains 575
Expenses: Cost of goods sold 277
Selling and administrative 158
Income taxes 42
Total expenses 477
Net Income 98
Earnings per share 3.50
Additional Information: 1. Selling and administrative expenses include $33 million in restructuring costs. 2. Included in other income is $120 million in income from a discontinued operation. This consists of $90 million in operating income and a $30 million gain on disposal. The remaining S13 million is from the gain on sale of investments 3. Cost of goods sold was increased by $10 million to correct an error in the calculation of 2017's ending inventory. The amount is material Required: Prepare a revised income statement for 2018 reflecting the additional facts. Use a multiple-step format Assume that an income tax rate of 30% applies to all income statement items, and that 28 million shares of common stock were outstanding throughout the year (Enter your answers in millions except earnings per share. Round EPS answers to 2 decimal places.)

Answers

ALEXIAN SYSTEMS, INC. Income Statement For the Year Ended December 31, 2018 (in millions, except earnings per share)

Revenues and Gains:
Net sales $432
Interest 10
Other income 33
Total revenues and gains 475
Expenses:
Cost of goods sold 287
Selling and administrative 191
Income taxes 57
Total expenses 535
Net Loss (60)
Loss per share (2.14)

You can read more about Income taxes at https://brainly.com/question/30157668

#SPJ11

why do some companies choose to outsource marketing-research activities?

Answers

Companies choose to outsource marketing research activities for several reasons. Firstly, outsourcing enables companies to tap into specialized expertise and knowledge that they may not have in-house.

This can help them to gain insights into customer behavior, market trends, and competitor strategies, among other things. Secondly, outsourcing can help companies to reduce costs associated with conducting research in-house, such as hiring and training employees, purchasing equipment and software, and setting up a research facility.

Thirdly, outsourcing enables companies to save time and resources that would otherwise be spent on conducting research, allowing them to focus on core business activities. Finally, outsourcing can help companies to avoid potential conflicts of interest that may arise if they conduct research in-house, as external research firms can provide unbiased and objective insights.

Overall, outsourcing marketing research activities can provide companies with several benefits that can help them make more informed business decisions and improve their bottom line.

To learn more about marketing research

https://brainly.com/question/30651551

#SPJ4

The Martins' household income is $123,000 per year. However, this family estimates that they have $45,000 available to spend on nonessentials such as vacations and entertainment. The $45,000 represents the Martins' _____.

Answers

The $45,000 represents the Martins' disposable income.

Disposable income is an economic term that refers to the amount of money that households have left after paying taxes. Disposable income is a critical measure for economic analysis since it offers insights into household spending patterns and economic activity. The disposable income of a household is determined by subtracting mandatory taxes (including payroll, property, sales, and state and local taxes) from household income.

Disposable income refers to the amount of money that remains after paying mandatory taxes. It does not include expenses such as mortgages, rent, utilities, or any other essential expenses, but rather the amount of money that households have left to spend or save as they see fit.

A nonessential spending refers to spending money on goods and services that are not required for survival, such as vacations, movies, entertainment, or eating out. While nonessential spending is not essential, it can help households achieve a better quality of life, increase happiness and well-being, and promote economic growth by driving consumer spending.  Therefore, $45,000 represents the Martins' disposable income.

Learn more about income here: https://brainly.com/question/13793671

#SPJ11

select all that apply implementing activity-based costing . multiple select question. should be done by a cross-functional team should be done using existing, historical data that can be verified requires substantial resources requires taking employees away from other tasks

Answers

The options that are true for implementing activity-based costing include:

a) Should be done by a cross-functional team.

b) Should be done using existing, historical data that can be verified.

c) Requires substantial resources.

d) Requires taking employees away from other tasks.

What is activity-based costing?

Activity-based costing (ABC) is a cost accounting approach that examines an organization's activities to determine its expenses. It is based on the theory that activities consume resources, and that the cost of a product or service is directly linked to the amount of activities that go into creating it. ABC is a relatively new method of costing, but it has gained popularity in recent years.

ABC is primarily used in manufacturing businesses, but it may also be used in service-oriented organizations. ABC is used to evaluate the cost of items and services, as well as to assess the profitability of each item or service.

ABC is significant for the following reasons:

ABC helps to identify costs that are less visible in conventional cost accounting.ABC is based on the concept that each item or service has a different set of costs.ABC improves the accuracy of cost information by assigning costs to activities.ABC can help with strategic planning and decision-making since it provides more precise information about the cost of a product or service.

Learn more about Activity based costing at

https://brainly.com/question/29310410

#SPJ11

the long run elasticity of the demand for oil is estimated to be -0.5. which of the following statements is/are correct. choose all that apply. group of answer choices A. if oil prices rise by 4%, the quantity of oil demanded will fall by 8%. B. oil is an inferior good. C. if oil prices fall by 10%, quantity of oil demanded will rise by 5%. D. if oil prices rise, oil companies will enjoy higher revenues. E. if oil prices rise, oil companies will lose revenues. F. if oil prices fall, oil companies will enjoy higher revenues. G. if oil prices fall, oil companies will lose revenues. H. the demand for oil is inelastic.

Answers

The statement that is/are correct regarding the long run elasticity of the demand are: A. If oil prices rise by 4%, the quantity of oil demanded will fall by 8%, C. If oil prices fall by 10%, the quantity of oil demanded will rise by 5%,

Elasticity is the degree to which supply, or demand varies in response to price changes. Elasticity is used to determine how much buyers and sellers change their behavior in response to a price change in economics. When demand or supply is sensitive to price changes, we say it is elastic.

The quantity of goods or services that buyers are willing and able to acquire at a given price is referred to as demand. Demand is determined by a variety of factors, including consumer preferences, prices, and consumer income. When the price of a good or service changes, the amount demanded changes as well.

Therefore, the correct option is A and C.

Learn more about elasticity of demand here: https://brainly.com/question/1048608

#SPJ11

Suppose that you and a friend are playing cards and you decide to make a friendly wager. The bet is that you will draw two cards without replacement from a standard deck. If both cards are spades, your friend will pay you $49. Otherwise, you have to pay your friend $5. If this same bet is made 519 times, how much would you expect to win or lose? Round your answer to two decimal places. Losses must be expressed as negative values.

Answers

The expected value of this bet is $-0.10, meaning that if you were to make this bet 519 times, you would expect to lose $51.80. This is because the probability of drawing two spades from a standard deck is 0.0258, so for every 519 bets, you would expect 13 of them to be successful (0.0258 * 519). The expected value for each successful bet is 49, and for each unsuccessful bet, the expected value is -5. Therefore, the overall expected value is (13 * 49) + (-506 * 5) = -0.10.

In general, expected value is used to calculate the average winnings (or losses) of a bet over a large number of trials. It is calculated by multiplying the probability of a given outcome by the reward (or penalty) associated with that outcome, and then summing those values for all possible outcomes.

Know more about Probability here:-

https://brainly.com/question/29381779#

#SPJ11

Other Questions
Discuss Two characteristics of a mixed market economy There are N distinct types of coupons, and each time one is obtained it will, independently of past choices, be of type i with probability P_i, i, .., N. Hence, P_1 + P_2 +... + P_N = 1. Let T denote the number of coupons one needs to select to obtain at least one of each type. Compute P(T > n). he great cultures of the ancient mediterranean used columns in their buildings. many of our buildings today include columns as a decorative detail. why do you think that columns are still used in buildings, even though they are not always architecturally necessary? are there social, historical, or political reasons why columns might be added to a buildin 5. Which of these statistics is used in basketball as an all-in-one rating of how well a player performs per minute they play?O A. Wins above replacement (WAR)O B. Field goal percentage (FG%)O C. Double doubles (DD2)OD. Player efficiency rating (PER) which of the following does not promote readability? 1.orthogonality 2.type checking 3.code reusability Trains Two trains, Train A and Train B, weigh a total of 188 tons. Train A is heavier than Train B. The difference of theirweights is 34 tons. What is the weight of each train? regulation by induction and repression are called negative control because __________. When is rebellion justified? Which set of reasons for breaking away from British rule strikes you as most importantthe colonists philosophical ideals, the hardships colonists suffered as a result of British policies, or the kings response to colonists complaints? Explain your answer. which u.s. act prohibits executives of u.s.-based companies from paying bribes to foreign government officials, political parties, or political candidates? multiple choice the united states patriot act the u.s. anti-bribery act the corruption of foreign officials act the u.s. foreign corrupt practices act Determine the empirical formula for a compound that is composed of 0.953 mol Na, 0.322 mol Al, and 1.93 mol F. In a well-structured paragraph (3-5 sentences) describe an animal adaptation from an animal in Yellowstone National Park. Please use complete sentences and proper grammar. Be against the motion of world health organization definition and explain your point with examples Which of the following remote access methods allows an administrator to take control of a user's machine and block the user from seeing the active session?A.PPPB.PPPoEC.RDPD.RAS prison guards use their authority and force to make prisoners comply. this is an example of which of the following? group of answer choices- authentic - authority- legitimate power Which one of the following is a catabolic process carried out by bacteria?Choose one:A. Calvin cycleB. cell divisionC. breakdown of starchD. rotating flagellaE. synthesizing DNA Hill & Scott Company makes financial calculators. During the current year, Hill & Scott manufactured 106,700 financial calculators. Finished goods inventory had the following units on hand: January 1 1,386 units December 31 1,144 units If each financial calculator had a per-unit product cost of $123.20, what was the cost of finished goods inventory on December 31? (Note: Round answer to two decimal places.)$140,940.80$141,120.50$24,640.75None of these are correct. the third kepler law: relationship between the distance from the sun and the orbital period for a planet. we discussed the third kepler law in class. scientists are still using telescopes to observe the space beyond neptune in our solar system. in principle, it is possible that scientists will find astronomical bodies larger than eris/pluto in the future. let us assume that a new planet with an orbital period ~ 6548 years is discovered in our solar system. please take earth as a reference and calculate the average distance from the sun for the newly-discovered planet in our solar system.A. 200AUB. 220AUC. 240AUD. 260AU problem 5.39 the 56-mm -diameter solid shaft is subjected to the distributed and concentrated torsional loadings shown. (figure 1) what is the formula for chlorine comparing the online version of word with the desktop version: comparing the online version of word with the desktop version: the user can make comments with the desktop version but not with the online version. the user can easily make comments with both versions. the user can easily clean up the document with both versions. creating macros is easier with the online version.