Sellers allow customers to use credit cards for all of the following reasons: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
a) seller does not have to decide who gets credit 2
b) seller accepts the risk for extending credit to customers 2
c) seller receives cash sooner than if credit is granted directly to the customers 2
d) may allow seller to increase sales volume 2
e) seller determines which customers receive credit and how much

Answers

Answer 1

Answer:

The correct answer is the option D: may allow sellers to increase sales volume.

Explanation:

To begin with, the fact that sellers allow customers to use credit cards is because mainly it increases the ways that the clients can pay for the products and if those methods increase then the sales' volume will increase as well due to the fact that there is a direct relationship between the payment methods that the consumers have and the sales' volumen of the company. That is the major reason why a seller may allow the consumers to pay with credit card and to accept the risk of doing it.


Related Questions

Morgan Company issues 10%, 20-year bonds with a par value of $760,000 that pay interest semiannually. The current market rate is 9%. The amount paid to the bondholders for each semiannual interest payment is: Multiple Choice $34,200. $380,000. $38,000. $68,400. $76,000.

Answers

Answer:

c. $38,000

Explanation:

Bond is issued at i= 10% = 0.10, n=20, m= 2, p= $760,000

The amount of interest owed to the bondholders for each semiannual interest payment is:

= $760,000 × 0.10 × 6/12

= $760,000 x 0.05

= $38,000

A four-year bond has an 8% coupon rate and a face value of $1000. If the current price of the bond is $878.31, calculate the yield to maturity of the bond (assuming annual interest payments). Group of answer choices

Answers

Answer:

Yield to maturity =11.75%

Explanation:

The yield to maturity to Maturity van be worked out using the formula below:

YM =( C + F-P/n)  ÷  ( 1/2× (F+P))

C- annual coupon,

F- face value ,

P- current price,

n- number of years to maturity

YM - Yield to maturity

C- 8%× 1000 = 80, P- 878.31, F- 1000

AYM =  80 + (1000-878.31)/4  ÷  1/2×  (1000+878.31)

        = 110.4225    ÷ 939.155

       = 11.75%

Yield to maturity =11.75%

Brian Lee is 30 years and wants to retire when he is 65. So far he has saved (1) $5,850 in an IRA account in which his money is earning 8.3 percent annually and (2) $4,320 in a money market account in which he is earning 5.25 percent annually. Brian wants to have $1 million when he retires. Starting next year, he plans to invest the same amount of money every year until he retires in a mutual fund in which he expects to earn 8.22 percent annually. How much will Brian have to invest every year to achieve his savings goal?

Answers

Answer:

he must invest $4,855.64 during each of the following 35 years

Explanation:

years until retiring = 65 - 30 = 35 periods

desired future value $1,000,000

first we must find the future value of his current investments:

$5,850 x (1 + 0.083)³⁵ = $95,312.94

$4,320 x (1 + 0.0525)³⁵ = $25,897.47

total future value = $121,210.41

this means that he needs to save $1,000,000 - $121,210.41 = $878,789.59 more by the time he reaches 65 years of age

we need to use the formula to calculate future value of an annuity:

FV = payment x annuity factor (FV annuity, 8.22%, 35 periods)

FV = $878,789.59 annuity factor (FV annuity, 8.22%, 35 periods) = 180.98322

$878,789.59 = payment x 180.98322

payment = $878,789.59 / 180.98322 = $4,855.64

he must invest $4,855.64 during each of the following 35 years

The __________ is based on all the goods and services produced in the economy, which make it a current-weights index. eco203

Answers

Answer:

The __Paasche Index or Current-Weighted Index_______ is based on all the goods and services produced in the economy, which make it a current-weights index.

Explanation:

The Current-Weighted Index is an index that calculates the weighted average of prices or quantities or with the weights used proportionate to the quantities or prices of the goods.  At regular intervals, the weights have to re-calculated in line with the current realities.  This regular re-calculation of the weights, which is the basis for its name, makes it current.

Miller Company has the following account balances, extracted from its multiple-step income statement for the current year.
Required:
Compute the missing amounts.
Sales $107,800
Sales Returns and Allowances?
Sales Discounts 3,200 Net Sales ?
Cost of Goods Sold 48,200 Gross Profit 51,900 Selling Expenses?
General and Administrative Expenses 10,400 Total Operating Expenses 18,200 Net Income ?

Answers

Answer:

Net Sales = $100,100

Sales Return and allowances = $4,500

Net income = $33,700

Explanation:

Cost of goods sold 48,200

Gross Profit 51,900

Net Sales 100100

Sales Return and allowances = Sales - Net sales- Sales discounts = 107800-100100-3200 = 4500

Selling Expenses = Total operating expenses - General and Administrative Expenses = 18200 - 10400 = 7800

Net income = Gross profit - Total operating expenses

=51900-18200

= 33700

Jill Meier is the sole owner of Meier Corp., which provides her only source of income. Jill has always paid herself entirely by drawling dividends from her corporation. A friend suggested that as long as she is earning about what she would have to pay someone else to run the business, she might be better off paying herself a salary instead of dividends, because she would avoid the problem of double taxation. If Jill’s company earns $120,000 all of which she will pay to herself, how much will she take home under each method? Assume a corporate tax rate of 30%, a personal tax rate of 25% and a 15% tax on dividends.

Answers

Answer:

currently, Jill has to pay 30% x $120,000 = $36,000 in corporate income taxes

then, she must pay 15% x ($120,000 - $36,000) = $12,600 in dividend taxes

so her net pay = $120,000 - $36,000 - $12,600 = $71,400

if she decides to be an employee of her corporation, then she would pay only $120,000 x 25% = $30,000 in personal income taxes

so her net pay = $120,000 - $30,000 = $90,000

This calculation does not consider any FICA or FUTA taxes since I'm not sure where Jill lives and if those taxes apply there.

In cell K2 enter a formula using the IF and OR functions, as well as structured references to determine if Alison Simoneau can be a supervisor
A. Tbe IF function should first determine if the staff member's Service Years is greater than 5 OR if the staff member's college graduate status is "Yes". Remember to use a structured reference to the Service Years and the College Graduate columns.
B. The function should return the text Yes if a staff member meets one or both of those criteria.
C. The function should return the text No if a staff member meets neither of those criteria. tsor and have conlelea Academic Technology training.

Answers

Answer:

Enter the following formula in a cell K2:

=IF(OR([at[College Graduate]]="Yes",[at[Service Years]]>5),"Yes","No")

Please replace "at"  in the formula with its symbol.

Explanation:

The formula has an IF function which checks a condition.

There are two conditions here to be checked:

A) if the staff member's Service Years is greater than 5.

B) if the staff member's college graduate status is "Yes".

According to the given criteria this IF function should return Yes if a staff member meets one OR both of the above mentioned criteria. Otherwise the function should return No.

This means if any one of the criteria evaluates to true then the text Yes is returned. For example if staff member's Service Years is greater than 5, then function returns Yes. For instance if staff member is a college graduate which means that his college graduate status is "Yes", then the function returns Yes.

The function still returns if either of the two criteria is true. For instance if staff member's Service Years is less than 5 but staff member's college graduate status is "Yes" then the function returns Yes.

However if neither the staff member's Service Years is greater than 5 nor the staff member's college graduate status is "Yes" then the function returns No.

So we use OR function here which with IF function so that the IF function returns true if either of the two criteria is met, otherwise returns false. This takes the form:

IF(OR(Argument 1 is True, Argument 2 is True), YES if True, NO if False)

Also there is at symbol used in the formula. Square brackets are used for structured references. They make clear and easier to reference. Structure reference is used if we want to use a table name in a formula such that we used in this IF OR formula, instead of a normal cell reference. "at" is used to refer only the mentioned/current rows or cells in the table. If you do not use this at then all the columns will be selected. For example [at[Service Years]]>5 is a reference to the cell in the Service Years at the current row. But [[Service Year]] is a reference to the entire column. So only those cells are checked where the Service Year is greater than 5.

Please replace the at word in the formula with its symbol.

Each of the following are types of__________allocation methods:
plantwide rate method, departmental overhead rate method and activity-based costing method.

Answers

Answer:

Each of the following are types of Overheads allocation methods.

Explanation:

Factory overheads such as rent, electricity or water can not be traced directly to a cost object.

When determining the cost of a cost object these overheads are apportioned to departments they pass through for processing  or the actual job using an allocation method.

The common methods for allocating overheads are plant-wide rate method, departmental overhead rate method and activity-based costing method.

Pace corporation acquired 100 percent of spin company's common stock on January 1, 20X9. Balance sheet data for the two companies immediately following the acquisition follow:

Item Pace Corporation Spin Company
Cash $30,000 $25,000
Accounts Receivable 80,000 40,000
Inventory 150,000 55,000
Land 65,000 40,000
Buildings and Equipment 260,000 160,000
Less: Accumulated Depreciation (120,000) (50,000)
Investment in Spin Company Stock 150,000
Total Assets $615,000 $270,000
Accounts Payable $45,000 $33,000
Taxes Payable 20,000 8,000
Bonds Payable 200,000 100,000
Common Stock 50,000 20,000
Retained Earnings 300,000 109,000
Total Liabilities and Stockholders’ Equity $615,000 $270,000

At the date of the business combination, the book values of Spin's net assets and liabilities approximated fair value except for inventory, which had a fair value of $60,000, and land, which had a fair value of $50,000. The fair value of land for Pace Corporation was estimated at $80,000 immediately prior to the acquisition.

1. Based on the preceding information, at what amount should total land be reported in the consolidated balance sheet prepared immediately after the business combination?

a. $130,000
b. $105,000
c. $115,000
d. $120,000

2. Based on the preceding information, what amount of total assets will appear in the consolidated balance sheet prepared immediately after the business combination?

a. $756,000
b. $735,000
c. $750,000
d. $642,000

3. Based on the preceding information, what is the differential associated with the acquisition?

a. $15,000
b. $21,000
c. $6,000
d. $10,000

4. Based on the preceding information, what amount of goodwill will be reported in the consolidated balance sheet prepared immediately after the business combination?

a. $0
b. $21,000
c. $6,000
d. $15,000

5. Based on the preceding information, what amount of liabilities will be reported in the consolidated balance sheet prepared immediately after the business combination?

a. $615,000
b. $406,000
c. $300,000
d. $265,000

Answers

Answer:

Pace Corporation and Spin Company

1. Land should be reported in the consolidated balance sheet as

a. $130,000

2. Total assets:

b. $735,000

3. The differential associated with the acquisition:

b. $21,000

4. Goodwill

b. $21,000

5. Amount of liabilities in the consolidated balance sheet:

b. $406,000

Explanation:

a) Data:

Item                                                       Pace              Spin

                                                       Corporation     Company  

Cash                                                  $30,000        $25,000

Accounts Receivable                          80,000          40,000

Inventory                                            150,000          55,000

Land                                                    65,000          40,000

Buildings and Equipment                260,000         160,000

Less: Accumulated Depreciation   (120,000)        (50,000)

Investment: Spin Company Stock   150,000

Total Assets                                   $615,000       $270,000

Accounts Payable                         $45,000         $33,000

Taxes Payable                                20,000              8,000

Bonds Payable                             200,000          100,000

Common Stock                              50,000           20,000

Retained Earnings                       300,000          109,000

Total Liabilities and Stockholders’

  Equity                                      $615,000       $270,000

b) Consolidated Balance Sheets

Item                                     Pace             Spin            Total

                                      Corporation     Company    Group

Cash                                   $30,000      $25,000          $55,000

Accounts Receivable           80,000        40,000           120,000

Inventory                             150,000        60,000          210,000

Land                                     80,000        50,000           130,000

Buildings and Equipment 260,000       160,000         420,000

Less: Accumulated

  Depreciation                  (120,000)      (50,000)         (170,000)

Investment:

 Spin Company Stock      150,000                                 0

Goodwill                                                                           21,000

Total Assets                    $630,000    $285,000       $786,000

Accounts Payable            $45,000       $33,000         $78,000

Taxes Payable                   20,000            8,000           28,000

Bonds Payable                200,000        100,000         300,000

Common Stock                 50,000         20,000           50,000

Retained Earnings          300,000        109,000        300,000

Assets Revaluation           15,000          15,000          30,000

Total Liabilities and Stockholders’

  Equity                        $630,000     $285,000     $786,000

c) Differential on acquisition = investment (of subsidiary) - net assets

= $150,000 - ($270,000 - 141,000)  = $21,000

A cost that cannot be avoided or changed because it arises from a past decision, and is irrelevant to future decisions, is called a(n):

Answers

Answer: Sunk cost

Explanation:

A sunk cost is a cost that an individual, firm or the government has already incurred and therefore can't be recovered anymore.

For example, marketing campaign expenses, rent or the money that is spent on purchasing new equipment can all be referred to as sunk costs as they are past cost and can't be recovered again.

what is a title bar in excel?

Answers

Answer:

It shows what section you want to go to. This can change your font-size,  help a business project calculation, and etc.

Explanation:

g "Seidman Company manufactures and sells 30,000 units of product X per month. Each unit of product X sells for $16 and has a contribution margin of $7. If product X is discontinued, $85,000 in fixed monthly overhead costs would be eliminated and there would be no effect on the sales volume of Seidman Company's other products. If product X is discontinued, Seidman Company's monthly income before taxes should:"

Answers

Answer:

Decreased by $125,000

Explanation:

Calculation for Seidman Company's monthly income before taxes should:"

First step is to find the loss in contribution margin using this formula

Loss in contribution margin = Sales unit× contribution margin

Let plug in the formula

Loss on contribution margin=30,000 × $ 7

= ($210,000)

Second step

Fixed monthly overhead = $85,000

Monthly income before taxes =Loss in contribution margin - Fixed monthly overhead

Monthly income before taxes= ($210,000) - $85,000

Monthly income before taxes= $125,000

Thereforre in a situation where product X is discontinued, this means that Seidman Company's monthly income before taxes would get decreased by $125,000

Beginning and ending Cash account balances of Rainbow, Inc. were $14,000 and $32,000 respectively. If total cash paid out during the period was $30,000, what amount of cash was received during the period

Answers

Answer:

Cash receipts = $48,000

Explanation:

A cash budget is statement that shows the estimated cash receipts and the estimated cash payments for a forth coming accounting period. In addition, it provides information about the expected cash balance for the period to which it relates.

With help of a cash budget, a business can plan ahead for the usage of its surplus funds and how to finance its deficit cash position

Cash balance at the end = Opening cash balance + cash receipts - cash payment

Let represent the cash receipts by " y "

32,000 = 14,000 +  y - 30,000

32,000 = y - 16 ,000

32,000 + 16,000 = y

48000 = y

Cash receipts = $48,000

At December 31, 2011 and 2010, Miley Corp. had 180,000 shares of common stock and 10,000 shares of 5%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2011 or 2010. Net income for 2011 was $400,000.
What does the 2011, earnings per common share amount to?

Answers

Answer:

$1.94

Explanation:

Computation of what 2011, earnings per common share amounted to

Using this formula

Net income-(Shares of 5%×Par value cumulative preferred stock outstanding× Shares percentage)/Shares of Common stock

Let plug in the formula

Earning per share of common stock =$400,000 – (10,000 × $100 × .05)/$180,000

Earning per share of common stock=$400,000-$50,000/$180,000

Earning per share of common stock=$350,000/$180,000

Earning per share of common stock=$1.94

Therefore the Earning per share of common stock will amount to $1.94

An investor who was not as astute as he believed invested $264,500 into an account 12 years ago. Today, that account is worth $204,000. What was the annual rate of return on this account

Answers

Answer:

-19.061%

Explanation:

interest earned= principal x time x interest rate

Interest earned = $264,500 - $204,000 = $-60,500

$-60,500 = $264,500 x 12 x interest rate

interest rate = -0.19061 = -19.061%

Exhibit 15.1 Zorn Corporation is deciding whether to pursue a restricted or relaxed working capital investment policy. The firm's annual sales are expected to total $4,400,000, its fixed assets turnover ratio equals 4.0, and its debt and common equity are each 50% of total assets. EBIT is $150,000, the interest rate on the firm's debt is 10%, and the tax rate is 40%. If the company follows a restricted policy, its total assets turnover will be 2.5. Under a relaxed policy its total assets turnover will be 2.2. Refer to Exhibit 15.1. Assume now that the company believes that if it adopts a restricted policy, its sales will fall by 15% and EBIT will fall by 10%, but its total assets turnover, debt ratio, interest rate, and tax rate will all remain the same. In this situation, what's the difference between the projected ROEs under the restricted and relaxed policies

Answers

Answer:

difference between ROEs = 10.83% (restricted)  - 9% (relaxed) = 1.83%

Explanation:

total annual sales = $4,400,000

EBIT = $150,000

net income = $150,000 x (1 - 40%) = $90,000

restricted policy:

asset turnover = 2.5

sales = $3,740,000

EBIT = $135,000

net income = $81,000

assets = $3,740,000 / 2.5 = $1,496,000

equity = $1,496,000 x 50% = $748,000

ROE = $81,000 / $748,000 = 10.83%

relaxed policy:

asset turnover = 2.2

sales = $4,400,000

EBIT = $150,000

net income = $90,000

assets = $4,400,000 / 2.2 = $2,000,000

equity = $2,000,000 x 50% = $1,000,000

ROE = $90,000 / $1,000,000 = 9%

difference between ROEs = 10.83% - 9% = 1.83%

Ashley transfers property with a tax basis of $8,180 and a fair market value of $4,660 to a corporation in exchange for stock with a fair market value of $3,520 and $445 in cash in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $695 on the property transferred. What is Ashley's tax basis in the stock received in the exchange

Answers

Answer:

$3,720

Explanation:

Since the shareholder's tax basis will be to his tax basis in the property transferred of the amount of $8,180 which is a substituted basis minus the amount of $695 which is the liability assumed by the corporation then less the fair market value of boot received.

Therefore if Ashely decide to sells the stock for $3,520, the loss she will recognized will be $3,720($8,180-$4,460) which is an amount equal to the loss deferred of $3,720

Hence ,Ashley's tax basis in the stock received in the exchange will be $3,720

A wireless phone service provider advertises that their average startup fee is $73. Given that their startup fees are $8, $85, $92, and $107, why is this statistic misleading?

Answers

Answer:

The reason why it is statisticaly misleading is because, while it is true that the average fee is $73 (the median value in statistical terms), averages are a statistical measure that is very sensitive to extreme values.

That is to say, if a value is very high, or very low, the statistical mean will be biased.

We can see this in the question. Three values are higher than the average, and relatively close: $85, $92, and $107. The third value, however, is way lower, at only $8. This extreme low value alters the median value, making it biased and misleading.

Mr. Smith believes that there is going to be rise in the equities market. Based on this information, what would allow Mr. Smith to best take advantage of this situation?

Answers

Answer:

The answer is 'Buy a Stock Index Future'

Explanation:

To take best advantage of this situation, Mr Smith should go long(buy) on this stock.

Stock Index Future js a method of derivates. Futures, like forward contract is a forward commitment which obligates the buyer to purchase an asset or the seller to sell an asset and have a predetermined future date and price. Future is used to hedge against worse future situations.

Discuss why it is important to establish control on the R chart first when using and R control charts to bring a process into statistical control.

Answers

Answer:

See below

Explanation:

The importance of establishing control in this case stems from the fact that as the points in these type of charts exceed beyond the set limits, it is possible that those points get eliminated and a revised value of R can be obtained. Accordingly, the limits and the center line also get revised on an R chart and x chart. This also allows for the limits to get tighter on both of the charts.

Compute the Cost of Goods Manufactured and Cost of Goods Sold for Blue Sea Company for the most recent year using the amounts described next. Assume that Raw Materials Inventory contains only direct materials
(Click the icon to view the data )
Start the calculation for cost of goods manufactured by calculating the direct materials used
Blue Sea Company
Calculation of Direct Materials Used
For Current Year
Beginning raw materials inventory $ 27,000
Plus Purchases of direct materials 79,000
Materials available for use 106,000
Less: Ending raw materials iniventory 31,000
Direct materials used 75.000
Calculate the cost of goods manufactured.

Answers

Answer:

Calculate the cost of goods manufactured.

$243,800

Explanation:

manufacturing overhead = indirect labor ($46,000) + insurance of plant ($8,000) + depreciation of machines and equipment ($12,700) + repairs and maintenance ($4,100) =  $70,800

Beginning raw materials  = $27,000

+ Purchases of raw materials  =  $79,000

- Ending raw materials inventory  =  -$31,000

= Direct materials used in production   = $75,000

+ Direct labor   = $83,000

+ Manufacturing overhead  =  $70,800

= Total manufacturing costs  =  $228,800

+ Beginning work in process   = $43,000

- Ending work in process  =  -$28,000

= Cost of goods manufactured  = $243,800

20.Assume that you just graduate and get a job. You will work for 40 years and save each year before you retire. During retirement you plan to receive a pension annuity of $100,000 each year for another 40 years. How much money will you need to have at the moment you retire? How much money do you need to save every year before retirement? Assume the interest rate is always 8%. Before retirement, you deposit your saving at the end of each year. During retirement, you receive the annuity at the beginning of each year

Answers

Answer:

How much money will you need to have at the moment you retire?

$1,287,858

How much money do you need to save every year before retirement?

$4,971.33

Explanation:

we have to first determine the amount of money you need to finance your retirement distributions:

using the annuity due present value formula, PV = annuity payment x annuity due factor (PV, 8%, n = 40)

PV = $100,000 x 12.87858 = $1,287,858

now we must use the ordinary annuity future value formula, FV = annuity payment x annuity factor (FV, 8%, n = 40)

annuity payment = FV / annuity factor = $1,287,858 / 259.057 = $4,971.33

A company with a decreasing interest expense would see what change to its times interest earned?
a) An increase
b) A decrease
c) No change
d) Cannot be determined

Answers

Answer:

a) An increase

Explanation:

The times interest earned ratio is a ratio that measures the portion of the income or earning that can be used to pay for future interest expenses. Times interest earned ratio is also known as the coverage ratio and it can be computed using the following formula:

Times interest earned ratio = EBIT / Interest expense .............. (1)

Where EBIT denotes earning before interest and tax.

From equation, it can be seen that there is a negative relationship between times interest earned and interest expense. That is, as interest expense increases, times interest earned falls. On the other hand, as interest expense falls, times interest earned increases.

Therefore, the correct option is a) An increase, that is a company with a decreasing interest expense would see an increase to its times interest earned.

An individual who is not party to the contract between a CPA and the client, but who is known by both and is intended to receive certain benefits from the contract is known as:

Answers

Answer:

Third party beneficiary.

Explanation:

This is easily seen in contracts as it is said that a third party beneficiary is a person that benefits from an agreement between two persons or a contract between two persons. This is despite the fact that this said person has no effect or was not in any way a part of the said contract.

A third party beneficiary can be denied the rights to compensation of the contract, especially when contract is not fulfilled.

Rights which makes the third party beneficiary valid and concretely a part of the contact are been attached and solidified if the said contract comes through.

On January 1, 2019, Brooks Inc. borrows $90,000 from a bank and signs a 5% installment note requiring four annual payments of $25,381 at the end of each year. Complete the necessary journal entry on 12/31 by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
No Date General Journal Debit Credit
1 12/31 Interest expense 4,500
Notes payable 90,000

Answers

Answer:

                                             Brooks Inc.

                                          Journal entries

DATE       General Journal                              DEBIT ($)       CREDIT ($)

12/31        Interest Expense                                4,500.00

               (90,000 x 5%)

               Notes Payable (Balancing Figure)    20,881.00  

               Cash                                                                           25,381.00

Potential GDP is:

a. minimum amount of output that can be produced given the labor force, capital stock, and technology.
b. maximum amount of output that can be produced given the labor force, capital stock, and technology.
c. varies over the business cycle.
d. none of the above.

Answers

Answer:

b. maximum amount of output that can be produced given the labor force, capital stock, and technology.

Explanation:

GDP refers to the gross domestic product which reflects the finalized value of the goods and services produced domestically

On the other side, the potential GDP refers to the maximum level of output that can be produced by considering the labor force, capital stock, technology by taking the constant inflation rate

Therefore option b is correct

Charley Inc is a large corporation that reported revenue of $80 million and expenses (other than interest) of $78 million in 2019. Included in the expenses is depreciation of $300,000. Charley Inc. paid business interest of $1,000,000 in 2019. What is the maximum amount of interest expense deduction this year

Answers

Answer:

The maximum amount of interest expense deduction this year is $690,000

Explanation:

In order to calculate the maximum amount of interest expense deduction this year we would have to calculate first the adjusted taxable income as follows:

adjusted taxable income=reported revenue-expenses+depreciation

According to the given data:

reported revenue=$80,000,000

expenses=$78,000,000

depreciation=$300,000

Therefore, adjusted taxable income=$80,000,000-$78,000,000+$300,000

adjusted taxable income=$2,300,000

maximum amount of interest expense deduction=$2,300,000*30%

maximum amount of interest expense deduction=$690,000

The maximum amount of interest expense deduction this year is $690,000

According to the classification system for global organizational culture as developed by Hofstede, the degree to which employees are threatened by ambiguity is known as:

Answers

Answer:

Uncertainty Avoidance

Explanation:

The term uncertainty avoidance was coined by a man named, Geert Hofstede to explain the extent to which people are willing to remain in a given situation so as to avoid uncomfortable circumstances. It reflects the extent to which people are unwilling to take risks. A low uncertainty avoidance index simply means that the people who have just been studied are willing to accommodate ambiguity and take risks. A high uncertainty avoidance on the other hand means that the people are more comfortable in their given positions and are unwilling to take risks.  

So, in the employee situation, the degree to which employees are threatened by ambiguity is known as uncertainty avoidance.

The annual interest rate on a credit card is 14.99%. If the minimum payment of $30 is made each​ month, how many months will it take to pay off an unpaid balance of $807.91?

Answers

Answer:

30.967 months

Explanation:

We can assume the number of months in which the credit card will be paid off to be x.

Since we are given that the unpaid balance on the credit card is $807.91 with annual interest of 14.99%

We can therefore calculate the amount of interest to be = 14.99/100 × $807.91

= $121.11

Then the total amount to be paid is

= $807.91 + $121.1

= $929.01

Also, since the minimum payment is $30 per month, x would therefore be;

= 929.01/30

= 30.967

It therefore means that the balance in the credit card will be paid off in 30.967 months.

An action for breach of warranty generally must be brought within four years of the breach.

a. True
b. False

Answers

Answer:

i The answer is going to be a. true

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